Residents of Asaba, Delta State, were taken by surprise after operatives of the Economic and Financial Crimes Commission (EFCC) were seen mounting a checkpoint in the city. The presence of EFCC officials at the checkpoint sparked curiosity and mixed reactions among locals, as it is unusual to see the anti-graft agency carrying out such an…
The Economic and Financial Crimes Commission (EFCC) has issued a public notice declaring 41-year-old Elie Bitar as wanted in connection with an alleged fraud scheme involving the online trading platform, Crypto Bridge Exchange (CBEX). In a statement released on the EFCC’s official X (formerly Twitter) account and signed by Head of Media and Publicity, Dele…
In a significant move to combat financial crimes and uphold justice, the Economic and Financial Crimes Commission (EFCC) has returned a total of $132,362.43 and N78,566,324.81 to victims of fraud from the United States, Spain, and Switzerland. This act underscores Nigeria’s dedication to tackling economic and financial crimes while ensuring restitution for those affected by…
The Central Bank of Nigeria has issued directives preventing several microfinance institutions, including Moniepoint, Opay, and Kuda, from initiating the process of opening new accounts and welcoming fresh clientele. This decision stems from allegations suggesting that these institutions have been implicated in activities involving the channeling of cryptocurrency transactions and exerting undue influence on the…
The Economic and Financial Crimes Commission (EFCC) contemplates prosecution of 300 Forex Racketeers engaged in Peer-to-Peer Trading beyond Regulatory Bounds. In a recent interactive session with editors and bureau chiefs in Abuja, EFCC Chairman Ola Olukoyede hinted at potential prosecution proceedings against approximately 300 individuals involved in forex racketeering via a peer-to-peer platform, circumventing financial…
Kenyan Police reportedly has apprehended Nadeem Anjarwalla, Binance Executive Who Fled Nigeria Amid Cryptocurrency Crackdown According to recent reports, Nadeem Anjarwalla, a senior figure at the cryptocurrency exchange Binance, has been detained by Kenyan law enforcement. Anjarwalla had managed to evade capture in Nigeria after authorities cracked down on Binance as part of efforts to…
