EFCC
EFCC Arrests Alleged Currency Speculator
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- Written by Chinonso Igwe
As part of its ongoing operation to sanitize the foreign exchange sector and rid it of speculators and all shades of economic saboteurs, the Economic and Financial Crimes Commission, EFCC, has arrested one Mustapha Muhammed alias Muaspaha Naira.
He was picked up by operatives of the Commission on Saturday November 12, 2022 at Wuse Zone 4, the hub of parallel market operations in the Federal Capital Territory.
Why Some BDC Operators were Arrested- EFCC
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- Written by Chinonso Igwe
The recent arrest of some Bureau De Change operators across the country especially in Lagos and Abuja by the Economic and Financial Crimes Commission, EFCC, was incidental to the Commission's overall efforts in sanitizing the foreign exchange sector.
The Commission’s Director of Operations, Abdulkarim Chukkol stated this on Monday, November 14, 2022, while fielding questions on Good Morning Nigeria, a breakfast programme on the Network Service of the Nigeria Television Authority, NTA. Chukkol who represented the Executive Chairman, Abdulrasheed Bawa, was among eminent personalities invited to discuss the topic ‘’Sanitizing Ungoverned Operators in the Forex Sector”.
Alleged $368,698 Fraud: Absence of Defence Counsel Stalls Trial of American Businessman, Marco Ramirez In Lagos
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- Written by Chinonso Igwe
The trial of one Marco Antonio Ramirez, an American businessman, for an alleged $368,698.24 fraud before Justice Mojisola Dada of the Special Offences Court sitting in Ikeja, Lagos could not continue on Monday, November 14, 2022 due to the absence of the defence counsel, Lawal Pedro, SAN.
The Economic and Financial Crimes Commission, EFCC, is prosecuting Ramirez alongside his companies, USA NOW LLC, Eagle Ford Instalodge Group LP and USA Now Energy Capital Group LP, on an amended nine-count charge for an alleged $368,698.24 fraud.
West Africa Anti-graft Chiefs Move to Strengthen Cooperation
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- Written by Chinonso Igwe
Members of the Network of National Anti-corruption Institutions in West Africa, NACIWA took a giant step towards strengthening commitment to tackle cross border crimes as the Extraordinary General Assembly of the Network got underway on Monday November 14, 2022 in Niamey, Niger Republic.
Welcoming members to the Assembly, the President of the Network and Executive Chairman of the Economic and Financial Crimes Commission, EFCC, Abdulrasheed Bawa said the meeting was called to ratify key resolution of the executive committee meeting which took place in July 2022 in Abuja Nigeria, regarding the functioning of the Network.
Oyo Court Convicts Eleven Cybercriminals
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- Written by Chinonso Igwe
Justice Omolara Adeyemi of the State High Court, Ibadan, Oyo State, on November 9 and 10, 2022 convicted and sentenced eleven cybercriminals to various jail terms on a separate one count charge each.
The convicts are Atanda Jamiu Olamide, Makanjuola Abolaji Idris, Adewopo Adesuyi John, Sodiq Kazeem Abiodun, Ridwan Iyiola Dolapo, Ayomide Emmanuel Alase, Olabosinde Hamed Adesola, Oguntolu Oluwatomiwa Oluwatosin, Elegbede Akinola Quadri, Adejare Ayuba Olamide and Waheed Taofeek Olawale.
They all pleaded guilty to the charges filed against them by the EFCC.
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