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, …
The Economic and Financial Crimes Commission (EFCC), in collaboration with the Nigerian Immigration Service (NIS) and the Nigerian Correctional Service (NCoS), has completed the deportation of 192 foreign nationals convicted of cybercrime, internet fraud, and related financial offenses in Lagos State. The operation, which began on August 15, 2025, concluded on October 16 with the …
Ola Olukoyede, Executive Chairman of the Economic and Financial Crimes Commission (EFCC), has urged media professionals across Nigeria to intensify efforts to expose corruption, fraud, and misuse of public office. In his keynote delivered in Warri during the 12th Annual Conference of the Association of Communication Scholars and Professionals of Nigeria (ACSPN), with the theme …
In a bold move aimed at reforming Nigeria's mining sector, the Nigerian Mining Cadastre Office (MCO) has revoked over 4,700 mining licences that were hoarded by speculators and inactive holders. This action, taken in the past year, seeks to create a transparent, competitive, and investor-friendly environment that can attract serious players and boost Nigeria’s position …
The Federal Capital Territory (FCT) Police Command has raised fresh concerns over the rising cases of land grabbing in Abuja, warning that the menace is scaring investors, draining public trust, and worsening the city’s investment climate. Commissioner of Police, FCT Command, CP Ajao Saka Adewale, sounded the alarm while speaking at the official launch of …
By Esther Ososanya The Minister of the Federal Capital Territory (FCT), Nyesom Wike, has urged Nigerians not to immediately label the ongoing Economic and Financial Crimes Commission (EFCC) investigation of former Sokoto State Governor, Aminu Tambuwal, as politically motivated. Speaking in an interview with Channels Television, Wike said EFCC investigations are routine and should not …
By Esther Ososanya The Civil Society Legislative Advocacy Center (CISLAC) has hailed the Economic and Financial Crimes Commission (EFCC) for its sweeping operation that dismantled a major foreign-led cybercrime network in Lagos, describing the move as a “historic breakthrough” in Nigeria’s fight against digital fraud. On December 10, 2024, EFCC operatives stormed a seven-story building …
By Rafiyat Sadiq The Economic and Financial Crimes Commission (EFCC) has granted former Sokoto State Governor Aminu Tambuwal administrative bail after questioning him over alleged financial misconduct. Tambuwal, who also served as Speaker of the House of Representatives, is accused of withdrawing about N189 billion during his tenure as governor. A senior EFCC official said …
