The Economic and Financial Crimes Commission (EFCC) has escalated its fight against financial malfeasance by arraigning Binance Holdings Ltd and its executive, Tigran Gambaryan, before Justice Emeka Nwite of the Federal High Court in Abuja. The charges leveled against them, amounting to a staggering $34.4 million, span a spectrum of financial transgressions including tax evasion,…
In a dramatic turn of events, Ola Olukoyede, the Chairman of the Economic and Financial Crimes Commission (EFCC), has threatened to resign if he is not personally involved in overseeing the completion of the investigation regarding Yahaya Bello, the former governor. This bold statement comes amid mounting pressure on the EFCC to address allegations of…
The Economic and Financial Crimes Commission (EFCC) has taken decisive action by imposing restrictions on more than 300 accounts suspected of engaging in dubious forex transactions. This move, spearheaded by Chairman Ola Olukoyede, underscores the agency’s commitment to combating financial malfeasance. Olukoyede emphasized the seriousness of the situation, noting that these accounts have been implicated…
Troops from Operation MNJTF, operating in collaboration with the Civilian Joint Task Force in the North-East region, have scored a significant victory in the ongoing battle against insurgency. On Sunday, April 22, 2024, a joint operation led to the neutralization of two Boko Haram terrorists in Gamborun Ngala, near the Cameroon border. The operation demonstrates…
In a recent development in the education sector, the Federal Government, led by the Minister of Education, Prof. Tahir Mamman, is deliberating the implementation of a minimum age requirement of 18 years for admission into universities and other tertiary institutions. The proposal aims to address several challenges faced by higher educational institutions, particularly concerning underage…
NAPTIP recently conducted a successful rescue operation, saving 51 victims of human trafficking. Zonal Commander Mr. Abdullahi Babale confirmed the rescue, highlighting the agency’s commitment to combating human trafficking in the region. This operation underscores the ongoing efforts to address the scourge of human trafficking, which continues to affect vulnerable populations globally. The victims, comprising…
In an unprecedented move, the House of Representatives is set to convene the National Dialogue on State Policing, marking a pivotal moment in Nigeria’s quest for effective law enforcement and national security. Spearheaded by Speaker Abbas Tajudeen, this event underscores the House’s unwavering commitment to tackling pressing issues plaguing the nation, particularly in the realm…
The Lagos Zonal Command of the EFCC has begun probing 11 individuals suspected of involvement in oil theft, alongside one vessel named MT SAISNIL II. This investigation comes as a result of the Nigerian Navy’s interception and subsequent handover of the vessel and suspects to the EFCC. The Nigerian Navy’s actions were prompted by allegations…
In a significant blow to cybercrime activities, the Benin Zonal Command of the Economic and Financial Crimes Commission (EFCC) has secured the conviction and sentencing of 20 internet fraudsters. The convictions, which occurred on April 17 and 18, 2024, before Justices Efe Ikponmwonba and M. Itsueli of the Edo State High Court in Benin City,…
In the wake of the removal of the fuel subsidy on May 29, 2023, President Bola Ahmed Tinubu’s administration initiated the Presidential CNG Initiative (PCNGI) in October of the same year. This ambitious endeavor aims to provide cheaper, safer, and more environmentally friendly energy solutions, particularly focusing on compressed natural gas (CNG) for mass transit…
