The Federal Bureau of Investigation (FBI) has commended the Executive Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, and the Commission for their efforts and vital role in Operation Artemis, a joint international effort to disrupt financially motivated sextortion networks targeting minors. The commendation was conveyed in a letter signed by FBI Director Kash Patel, who praised the Commission for its collaboration with the Bureau in the arrest and extradition of suspects facing federal charges in the United States. In the letter addressed to Olukoyede, Patel acknowledged the Commission’s contribution to the operation, stating that “the Economic…
Author: Staff Editor
The Japanese Ambassador-Designate to Nigeria, His Excellency, Hideo Suzuki Paid a Courtesy Visit to the Executive Chairman of the Economic and Financial Crimes Commission, EFCC, Mr. Ola Olukoyede in his office today, October 28, 2026. He was accompanied on the visit by First Secretary, Security, Yuji Murakami and Senior Information Analyst, Dogara Ankut.
The trial of a former Managing Director and Chief Executive Officer of the Asset Management Corporation of Nigeria (AMCON), Ahmed Kuru, and four others over an alleged ₦76 billion and $31.5 million fraud continued on Monday, October 26, 2026, with the fourth prosecution witness (PW4), Bawa Usman Kaltungo, telling Justice Mojisola Dada of the Special Offences Court sitting in Ikeja, Lagos, that Kuru approved the receivership of Arik Air without obtaining prior approval from AMCON’s Board. Kuru, alongside Kamilu Alaba Omokide, Roy Ilegbodu, Union Bank of Nigeria Plc and Super Bravo Limited, is being prosecuted by the Economic and Financial…
Justice O. O. Abike-Fadipe of the Special Offences Court sitting in Ikeja, Lagos, on Tuesday, October 27, 2026, sentenced a former banker, Christopher Jackson Edeh, to a total of 39 years’ imprisonment for his involvement in a ₦2.7 billion fraud prosecuted by the Lagos Zonal Directorate 1 of the Economic and Financial Crimes Commission (EFCC). Edeh, who was arraigned on February 28, 2024, faced nine counts bordering on fraudulent false accounting and unauthorised access to a computer system. The charges alleged that he altered the bank account details of several customers and government-related entities, including the Kano State Government Power…
Operatives of the Lagos Zonal Directorate 1 of the Economic and Financial Crimes Commission (EFCC) on Monday, October 26, 2026, carried out a sting operation at Applewood Estate, Orchid Road, Lekki, Lagos State, to apprehend suspected cybercrime fraudsters allegedly defrauding unsuspecting victims through gift cards, cryptocurrencies and international money transfers while impersonating various individuals. The operation, which commenced at 5 a.m., resulted in the arrest of 21 suspected cybercrime fraudsters and the recovery of five exotic cars. The suspects were apprehended following diligent pre-arrest surveillance and reconnaissance of their activities. A young woman who allegedly attempted to obstruct the operation…
An operative of the Economic and Financial Crimes Commission (EFCC), John Justice, has told the High Court of the Federal Capital Territory (FCT), Abuja, how investigators traced funds originating from local government areas in Kogi State through three companies to Keyless Nature Limited, which he said was linked to Abba Adaudu. The witness, who testified as the 20th prosecution witness (PW20) in the ongoing trial of former Kogi State Governor Yahaya Bello, also told Justice M. E. Anenih that CCTV footage obtained from banks during the investigation reportedly showed that customers did not physically take cash out of the banks,…
The Director of the Lagos Zonal Directorate 2 of the Economic and Financial Crimes Commission (EFCC), Bawa Usman Kaltungo, on Monday described the receivership of Arik Air as fraudulent, insisting that the airline was not indebted to Union Bank of Nigeria Plc. Kaltungo, the fourth prosecution witness in the ongoing trial of former Managing Director of the Asset Management Corporation of Nigeria (AMCON), Ahmed Kuru, and others over an alleged ₦76 billion ($31.5 million) fraud, told the Special Offences Court in Ikeja, Lagos, that the purported bad debt that formed the basis for the receivership did not exist. The witness,…
The Michael Imoudu National Institute for Labour Studies (MINILS), Ilorin, Kwara State, has announced plans to confer the title of Fellow of the National Labour Institute (FNLI) on the Executive Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ola Olukoyede, in recognition of his achievements in the fight against economic and financial crimes. Explaining the decision to honour the EFCC Chairman, Director-General/CEO of the Institute, Issa Aremu, stated, “In view of your sterling achievements, I am glad to inform you that the management and staff of the Institute have endorsed the conferment of the Fellow of the National…
Businessman and social media influencer Afolabi Michael Kazeem, popularly known as KC Luxury, was brought to the Federal High Court in Lagos in an ambulance while receiving oxygen on Friday, as his lawyer urged the court to grant him bail to enable him to receive specialised medical treatment. At the resumed hearing, a correctional officer informed the court that Kazeem was critically ill and had been hospitalised. The officer told the court that the defendant had been brought to the court premises in an ambulance and proceeded to call the nurse attending to him. A nurse from the Police Hospital,…
The Lagos State High Court last Thursday granted interim preservative orders, including a Mareva injunction, against Vitol S.A., a Switzerland-based energy trading company, and four other shipping companies in favour of United Bank for Africa (UBA) Plc. The bank accused Vitol of wrongfully releasing cargoes of petroleum products consigned to the order of UBA in the bills of lading. Addressing the court, Bode Olanipekun, SAN, lead counsel for UBA, urged the court to grant the interim preservative orders against Vitol and the other shipping companies. In a ruling on the application, the presiding judge, Justice K. A. Jose, granted three…