Businessman remanded in Lagos for $299,000 concealment, fake currency
A businessman, Sunday Okorie, has been sent to prison by a Federal High Court in Lagos for allegedly failing to declare $299,000 and having counterfeit foreign currency. The Economic and Financial Crimes Commission (EFCC) charged Okorie with four counts, including money laundering and importing fake money. According to the EFCC, he hid the undeclared money […]
Nigeria police arrest 4 bank staff over alleged fraud, money laundering
The Lagos State Police Command has arrested four bank employees for their alleged role in a fraud and money laundering scheme that diverted over £138,924 (N270 million) from international airline accounts. The police spokesperson, Benjamin Hundeyin, revealed this during a press briefing at the Lagos police headquarters in Ikeja. According to the police, the suspects […]
EFCC alerts Nigerians on 58 illegal Ponzi scheme operators
The Economic and Financial Crimes Commission (EFCC) has issued a warning about 58 companies allegedly running illegal Ponzi schemes in Nigeria. These companies promise high returns on investments but are actually scamming people out of their money. The EFCC is urging Nigerians to be cautious and avoid falling victim to these fraudulent schemes. A Ponzi […]
Police arrest woman over N523,600 ATM card swap fraud in Rivers
The Rivers State Police Command has arrested a woman, Blessing Oleru, for allegedly swapping an ATM card and stealing over N500,000 in Port Harcourt. According to police spokesperson Grace Iringe-Koko, the incident happened on November 26, 2024, when a victim tried to withdraw money from an ATM. The machine had issues, and Oleru, pretending to […]
Minnesota Oyinbo Woman Pleads Guilty To $9 Million Wire Fraud Scheme
A 40-year-old woman from Sartell, Minnesota, has pleaded guilty to a $9 million wire fraud scheme. Adelle Starin, the owner of a business called Baby’s on Broadway, admitted in court that she used fraudulent methods to gain money from lenders and the U.S. Department of Defense’s TRICARE health program. Starin used her business to submit […]
Chinese National Accused of ₦301 Million Corruption in Lagos
A Chinese national, Zhengjia Jin, is facing serious corruption charges in Lagos, Nigeria, after being accused of embezzling ₦301 million from the Golden Diamond Industrial Manufacturing Company Ltd. The Economic and Financial Crimes Commission (EFCC) claims that Jin transferred the stolen funds into his personal Access Bank account. The account was linked to the company, […]
Over ‘300’ s3x tapes of Equatorial Guinea’s financial crime chief with his brother’s wife, wife of the Presidential security head and others allegedly leaked online
A significant scandal is unfolding in Equatorial Guinea as Baltasar Ebang Engonga, the head of the National Agency for Financial Investigation (ANIF), finds himself at the center of controversy following the leak of more than 300 explicit videos online. These tapes have sparked outrage among the public and raised serious questions about the behavior of […]
EFCC Issues Wanted Notice for Man Involved in Money Laundering
The Economic and Financial Crimes Commission (EFCC) of Nigeria is currently on the lookout for a man named Adeoye, who has been declared wanted for money laundering activities. This declaration underscores the EFCC’s ongoing commitment to combat financial crimes in the country. While specific details about Adeoye’s identity and his alleged crimes are still emerging, […]
World’s Police Crack Down on Nigerian Mafia in Major Tech-Fueled Operation
Police forces around the world have come together in a major effort to tackle one of West Africa’s most dangerous criminal networks. Between April and July 2024, law enforcement carried out raids in 21 different countries as part of Operation Jackal III. This global crackdown, coordinated by Interpol, led to the arrest of 300 individuals […]