The Economic and Financial Crimes Commission (EFCC) has detained former Attorney-General of the Federation and Minister of Justice, Abubakar Malami, SAN, after he failed to meet the bail conditions earlier granted to him. A senior official of the commission, who confirmed the development on Tuesday night, said Malami remained in custody as of 10:00 p.m. …
Attorney-General of the Federation and Minister of Justice, Lateef Fagbemi, SAN, has emphasised that the swift administration of justice is a critical complement to Nigeria’s military and intelligence efforts against terrorism and organised crime. Speaking at the Special Court Session marking the commencement of the 2025/2026 legal year of the Court of Appeal, Fagbemi stressed …
The Economic and Financial Crimes Commission (EFCC) has handed over N96.5 million to victims of a Ponzi scheme operating in Enugu State. EFCC spokesperson Dele Oyewale announced the development in a statement on Friday in Abuja, describing it as part of the agency’s commitment to fighting financial crimes and ensuring restitution for defrauded Nigerians. The …
The Economic and Financial Crimes Commission (EFCC) has alleged that there was a mismanagement of Air Arik loan and stripping of critical assets while under the management of the Asset Management Corporation of Nigeria (AMCON), then led by its former Managing Director, Ahmed Kuru. This was stated by an EFCC investigator, Mr Bawa Usman Kaltungo, …
Barely two weeks after declaring his intention to contest the 2027 governorship election in Kebbi State, former Attorney-General of the Federation and Minister of Justice, Abubakar Malami, will appear before the Economic and Financial Crimes Commission (EFCC) for questioning. Malami confirmed the development on his Facebook page on Friday. He stated that the anti-graft agency …
The Economic and Financial Crimes Commission (EFCC) has officially declared Timipre Sylva, former Governor of Bayelsa State and Minister of State for Petroleum Resources, wanted over an alleged $14,859,257 fraud involving the Nigerian Content Development and Monitoring Board (NCDMB). This was made known on the commission’s Facebook official Page on Monday evening. The EFCC notice, …
An Economic and Financial Crimes Commission (EFCC) witness, Mshelia Arhyel Bata, on Monday told the Federal High Court in Abuja that no banking law was violated in the withdrawals made by the Kogi State Government during the administration of former Governor Yahaya Bello. Bata, a compliance officer who testified as the fourth prosecution witness (PW-4), …
The Lagos State Special Offences Court sitting in Ikeja has dismissed a no-case submission filed by social media personality Ismaila Mustapha, popularly known as Mompha, in his ongoing ₦5.9 billion money laundering trial. Justice Mojisola Dada ruled that the Economic and Financial Crimes Commission (EFCC) had successfully established a prima facie case against Mompha and …
The Securities and Exchange Commission (SEC) has disclosed that Nigerians have lost an estimated N300.2 billion to Ponzi and illegal investment schemes in recent years, sparking intensified enforcement and heightened investor-protection efforts. AbdulRasheed Dan-Abu, Head of Fintech and Innovation at the SEC, revealed the figure during the Commission’s 2025 Journalists Academy in Abuja on Thursday. …
Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, has disclosed that under his leadership, the Commission has made unprecedented progress in the fight against economic and financial crimes in the last two years by recovering over N566 billion alongside other foreign currencies and assets. He made this disclosure in Abuja on Thursday, …
