National Security Adviser Nuhu Ribadu has issued directives to law enforcement agencies to crackdown on individuals engaged in foreign exchange market speculation, aiming to curb the steep depreciation of the Nigerian naira.
Ribadu revealed that intelligence reports indicate currency...
In a shocking turn of events, the Economic and Financial Crimes Commission (EFCC) launched a raid at Abuja's Zone 4 market, targeting Bureau De Change (BDC) operators as the Nigerian Naira faces a rapid decline to N1,700 against the dollar.
Clad in their red vests, EFCC operatives used firearms...
In a shocking turn of events, suspected operatives of the Economic and Financial Crimes Commission (EFCC) reportedly carried out a midnight operation at the Federal University of Technology, Akure, Ondo State.
The students' lodges were allegedly invaded around 2 am, leading to social media...
In a courtroom drama that has sent shockwaves through the nation, the ongoing fraud trial of former Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, took a startling turn as former Secretary of the Government of the Federation (SGF), Boss Mustapha, testified as the fourth prosecution...
In response to the EFCC's arrest of Emefiele's wife, Nigerians have taken to various platforms to voice their opinions, revealing a spectrum of reactions.
Some citizens are skeptical about the outcome, expressing concerns that the situation will be 'swept under the carpet'. Users like...
The Economic and Financial Crimes Commission (EFCC) has issued a declaration naming Margaret Emefiele, wife of former Central Bank of Nigeria Governor Godwin Emefiele, along with Eric Odoh, Anita Omoile, and her husband Jonathan Omoile, as wanted for alleged involvement in money laundering.
The...
The Economic and Financial Crimes Commission (EFCC) has initiated a robust crackdown on dollar speculators, hoarders, racketeers, and firms issuing invoices in foreign currency, aiming to curb the further depreciation of the naira against the dollar.
The anti-graft agency has established 14...
President Bola Tinubu, represented by Vice President Kashim Shettima, vehemently rejected the widespread mislabeling of Nigerians as inherently corrupt.
The declaration unfolded at a forum organized by the Economic and Financial Crimes Commission (EFCC) in Abuja, themed "Public Engagement on...
Festus Keyamo, the Minister of Aviation and Aerospace Development, confirmed that the Economic and Financial Crimes Commission (EFCC) is conducting a thorough investigation into the contentious Nigeria Air deal.
The deal, orchestrated by the former Minister of Aviation, Hadi Sirika, on behalf...
Ali Bello, the newly appointed Chief of Staff to Governor Usman Ododo of Kogi, finds himself entangled in a legal battle as he stands trial for money laundering.
Bello, who is a nephew to the immediate former governor, Yahaya Bello, was among the recently announced appointees by Ododo. The...
The Economic and Financial Crimes Commission (EFCC) has taken a bold step by demanding to see the death certificate of Grace Taiga, the former Director of Legal at the Ministry of Petroleum Resources. Taiga, who was standing trial for alleged bribery in the Gas Supply Processing Agreement...
The Economic and Financial Crimes Commission (EFCC) has escorted former Anambra State Governor, Willie Maduabuchi Obiano, to Courtroom 5 of the Federal High Court in Abuja for arraignment.
Dressed in a navy blue suit and black cap, Obiano arrived in an 18-seater Toyota Bus, tightly guarded by...
The Economic and Financial Crimes Commission (EFCC) is poised to arraign former Anambra State governor, Willie Obiano, before Justice Inyang Ekwo of the Federal High Court, Abuja, on Wednesday, January 24. The charges allege money laundering to the tune of N4,008,573,350, accusing Obiano of...
Former Minister of Power and Steel, Olu Agunloye, has been released from Kuje Correctional Centre after meeting the bail conditions set by the FCT high court in Apo. Adamu Duza, spokesperson for the FCT command of the Nigerian Correctional Service, confirmed the release on Saturday, stating that...
The Federal Government has amended the charges for the third time against the former Governor of the Central Bank of Nigeria, Godwin Emefiele. The Economic and Financial Crimes Commission (EFCC), in the latest charge presented before Justice Hamza Muazu, accused Emefiele of grave offenses...
The Economic and Financial Crimes Commission (EFCC) has released Betta Edu, the suspended Minister of Humanitarian Affairs and Poverty Alleviation, on bail. She was questioned for hours regarding the alleged approval of transferring about N585 million from the ministry's funds to a civil...
The Federal High Court in Abuja has ordered the remand of the former Minister of Power and Steel, Olu Agunloye, in Kuje prison. The decision was handed down by trial Justice Donatus Okorowo after Agunloye was docked before the court by the Economic and Financial Crimes Commission (EFCC), facing...
The Economic and Financial Crimes Commission (EFCC) has unveiled a budget allocating over N1 billion for local travel in the year 2024. According to a report by Daily Trust, the detailed analysis of the budget exposes a multifaceted financial plan, raising questions about the prioritization and...
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