The Economic and Financial Crimes Commission (EFCC), Lagos Zonal Directorate 1, on Monday, July 7, 2025, arraigned Abel Egerton Sokari, Nkiruka Chukwuma, and a company, Zakah Global Investment Limited, before …
Category:
Fraud
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FraudNews
Ex-NNPC CFO denies EFCC arrest over $7.2bn fraud allegation, says ‘I went voluntarily’
by Reporterby ReporterThe former Chief Finance Officer, CFO, of the Nigerian National Petroleum Company (NNPC) Limited, Alhaji Umar Ajiyia Isa, has described as false the claims that he was arrested by operatives …
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CrimeFraud
Court sends Nigerian pastor to prison in US over N6.4bn ($4.2m) COVID-19 fraud
by Reporterby ReporterA US-based Nigerian pastor, Edward Oluwasanmi, has been sentenced to 27 months in prison for fraudulently obtaining approximately $4.2 million (N6.4 billion) in COVID-19 relief funds guaranteed by the U.S. …
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FraudNews
ICPC arrests Lagos LG Boss, Muibi Alade Folawiyo over alleged fraud
by Reporterby ReporterThe Independent Corrupt Practices and Other Related Offences Commission (ICPC) has arrested the Chairman of Lagos Island East Local Council Development Area (LCDA), Muibi Alade Folawiyo, over allegations of large-scale …
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Fraud
Exclusive! How Aisha Achimugu’s N11bn, other transactions got Sun Trust Bank MD, Halima Buba into trouble
by Reporterby ReporterUnknown to many, the arraignment of the managing director of SunTrust Bank, Halima Buba and the bank’s executive director, Innocent Mbagwu by the Economic and Financial Crimes Commission (EFCC) is …
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FraudReal Estate
EFCC arraigns real estate developer, husband over ‘N500m land fraud’
by Reporterby ReporterThe Economic and Financial Crimes Commission (EFCC) has arraigned Rebecca Godwin-Isaac Omokamo, a real estate developer also known as Bilikisu Ishaku-Aliyu, over alleged N500 million land fraud and money laundering. …
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The Economic and Financial Crimes Commission (EFCC) has arraigned Precious Williams, director of Glossolalia Nigeria Ltd and Pelegend Nigeria Ltd. She was arraigned for allegedly defrauding over …
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Fraud
Sun Trust Bank MD, Halima Buba, ED, Innocent Mbagwu in alleged $12m fraud
by Reporterby ReporterThe Managing Director of SunTrust Bank, Halima Buba, and the Executive Director and Chief Compliance Officer, Innocent Mbagwu, are literally swimming in troubled waters as the Economic and Financial Crimes Commission (EFCC) …
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Fraud
EFCC Declares Fargo Petroleum MD, Seun Ogunbambo, wanted over N976.6m oil subsidy
by Reporterby ReporterThe Economic and Financial Crimes Commission (EFCC) has declared Seun Ogunbambo, the Managing Director of Fargo Petroleum and Gas Limited, wanted for allegedly defrauding the Federal Government of Nigeria in …
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BankingFraud
N95m Fraud: Moniepoint, Kuda, Opay other CEOs risk prison for defying court orders
by Reporterby ReporterPRO International Concept Ltd. has filed an application at the Federal High Court in Lagos seeking to commit the managing directors of several banks to prison for contempt of court. …