A Director in the Federal Ministry of Finance, Ali Mohammed, on Tuesday, October 6, 2026, told the Federal Capital Territory (FCT) High Court sitting in Maitama, Abuja, that the Ministry was not aware of the withdrawal of ₦124.86 billion from the Central Bank of Nigeria (CBN). Mohammed, who testified as the 10th prosecution witness, PW10, in the ongoing trial of former CBN Governor, Godwin Emefiele, disclosed this while being led in evidence by prosecution counsel, Abbas Mohammed. The witness said he appeared before the court because his Ministry received a letter from the investigation team concerning ₦154 billion said to…
Author: Staff Editor
The Economic and Financial Crimes Commission (EFCC), Lagos Zonal Directorate 2, Ikoyi, has handed over bank drafts worth ₦107,000,000 (One Hundred and Seven Million Naira) to a victim of property fraud through his counsel, Babatunde Oni, SAN. The recovery followed a petition received by the Commission from the petitioner through his legal representative, Babatunde Oni, SAN & Co., alleging obtaining money by false pretence, conspiracy and extortion involving some individuals identified as Adeola Ibrahim, Bolanle Bamgbose and others. According to the petitioner, sometime in October 2024, he developed an interest in purchasing a parcel of land situated at Iya Oloye…
The trial of a former Taraba State Governor, Darius Dickson Ishaku, and erstwhile Permanent Secretary in the state’s Bureau for Local Government and Chieftaincy Affairs, Bello Yero, took a fresh turn on Monday, October 5, 2026, as the third prosecution witness, PW3, Taiwo Johns, revealed how funds meant for local governments were withdrawn and transferred to government officials. The witness, who is the third prosecution witness, gave the testimony before Justice S. C. Oriji of the Federal Capital Territory (FCT) High Court, Abuja, during the ongoing trial over the alleged ₦27 billion fraud. Led in evidence by prosecution counsel, Rotimi…
President Bola Ahmed Tinubu has applauded the efforts and performance of the Economic and Financial Crimes Commission (EFCC) in tackling economic and financial crimes and other acts of corruption in the country, stressing that the Commission has justified the confidence reposed in it. He gave the commendation on Friday, October 2, 2026, in Awka, Anambra State, at the commissioning of a new EFCC Zonal Directorate. The President pointed out that there was evidence of the Commission’s success in convictions, recoveries, and other landmark achievements. Represented by Honourable Tajudeen Abbas, Speaker of the House of Representatives, Tinubu noted that “supporting the…
The Federal High Court in Lagos has appointed a receiver/manager to take possession and control of a disputed property at No. 68 Molade Okoya Thomas Street, off Ajose Adeogun Street, Victoria Island, Lagos, in a suit instituted by Dr. (Mrs.) Maryam Sani Abacha against Levitikal Realties & Construction Limited. Justice Ambrose Lewis-Allagoa, in an interim order issued on September 29, 2026, restrained Levitikal Realties, its directors, agents, representatives, servants, and persons acting through it from selling, transferring, assigning, mortgaging, leasing, charging, alienating, or otherwise encumbering the property pending the hearing and determination of the applicant’s Motion on Notice for interlocutory…
As Nigeria commemorates its 66th Independence Anniversary, the Executive Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ola Olukoyede, has reiterated the need for accountable conduct and zero tolerance of corruption by every Nigerian to give value to the ongoing government reforms. He made the call in Abuja on Thursday, October 1, 2026, in his Independence Anniversary message to Nigerians. He applauded efforts being made to grow the commanding heights of the polity, describing them as “building blocks of the greater nation we desire.” He called on Nigerians to couple all reform-focused efforts with zero tolerance for corruption.…
The Lagos Zonal Directorate 1 of the Economic and Financial Crimes Commission (EFCC), on Tuesday, September 29, 2026, arraigned a businessman, Christopher Elendu Enyinnwa, before Justice Olubunmi Abike-Fadipe of the Special Offences Court sitting in Ikeja, Lagos, over an alleged ₦30.14 million fraud. Enyinnwa was arraigned on a four-count charge bordering on fraudulent conversion and obtaining money under false pretences in connection with the proposed supply of slippers from China. The defendant was alleged to have collected a total of ₦30,140,000 from the petitioner, Chidebere Love Okafor, for the supply of slippers from China. Count One reads: “Christopher Elendu Enyinwa…
The Economic and Financial Crimes Commission, EFCC and the Nigerian Financial Intelligence Unit, NFIU, have commenced a three-day stocktake to assess the country’s preparedness for the Mutual Evaluation Exercise of the Financial Action Task Force, FATF, on anti-money laundering and counter-terrorist financing , scheduled to take place in 2027. The stocktake, which began on Tuesday, September 29, 2026, at the EFCC’ corporate Headquarters in Abuja, will continue on Wednesday, September 30, and October 2, 2026. The exercise will bring together officials of both agencies and relevant stakeholders to review progress, identify gaps and strengthen inter-agency cooperation ahead of the mutual…
The Kano Zonal Directorate of the Economic and Financial Crimes Commission, EFCC, has commenced investigation of a suspect arrested with the sum of US$265,000 at the Mallam Aminu Kano International Airport, MAKIA, Kano State. The suspect, Adam Musa Adam, a male passenger with a Nigerian passport arriving from New Delhi aboard Ethiopian Airlines Flight ET941, was intercepted on Sunday, 26 September 2026 during routine screening operations by officers of Nigeria Customs Service, NCS. His luggage was flagged for secondary examination using Non-Intrusive Inspection Technology, leading to the discovery of the undeclared currency concealed among his personal belongings. While handing over the…
Justice Deinde Dipeolu of the Federal High Court sitting in Lagos yesterday ordered the final forfeiture to the Federal Government of Nigeria of 431 mobile phones allegedly linked to convicted Chinese cyber-fraud operators. The judge granted the application on September 29, 2026, after hearing counsel to the Economic and Financial Crimes Commission (EFCC), Hanatu Kofarnaisa, who represented the applicant. The order followed an application by the EFCC pursuant to Section 17 of the Advance Fee Fraud and Other Related Offences Act, 2006, and Section 44(2)(b) of the 1999 Constitution, seeking the final forfeiture of the mobile devices allegedly acquired with…