The Director-General of the Securities and Exchange Commission (SEC), Emomotimi Agama, has called for the establishment of a joint rapid-response team between the SEC and the Nigeria Police Force (NPF) to combat online fraud and other financial crimes. Agama made the call during a meeting with the Inspector-General of Police (IGP), Kayode Egbetokun, in Abuja …
When embarking on international travel, the goal of ensuring that one does not lose money often leads to two distinct challenges: avoiding legal penalties (seizures and fines) and minimising financial loss (bad exchange rates and fees). Various countries, including Nigeria, have rules on possession of cash, especially hard currencies such as dollars, Euros, and pounds …
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 …
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 Inter-Governmental Action Group against Money Laundering in West Africa (GIABA) has cautioned Nigeria and other countries recently removed from the Financial Action Task Force (FATF) grey list against complacency, urging them to sustain their reforms and strengthen anti-money laundering and counter-terrorist financing frameworks. GIABA Director General, Mr Edwin W. Harris Jr, gave the warning …
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 …
The Inter-Governmental Action Group against Money Laundering in West Africa (GIABA) will host a three-day regional training for journalists on investigating economic and financial crimes in Bissau, Guinea-Bissau, from September 22 to 24, 2025. The announcement was contained in a press release signed by Timothy Melaye, Acting Principal Officer, Communication and Advocacy, GIABA. According to …
