EFCC explains how Nigerian banks, fintechs enabled N180bn in air ticket, crypto fraud
The Economic and Financial Crimes Commission (EFCC) has revealed how Nigerian banks and fintech companies facilitated a massive fraud worth N180 billion involving air ticket sales, investments, and cryptocurrency transactions. The commission’s spokesperson, Wilson Uwujaren, explained that hundreds of Nigerians fell victim to the scams, with N18.1 billion lost to airline ticket and investment fraud, […]
CBEX:’You never told anybody when you were getting 100%’ – EFCC boss slams investors
The chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, has responded to the ongoing outcry over the failed investment platform, Crypto Bridge Exchange (CBEX), calling it a complex international fraud involving foreign suspects. During a recent interview on Channels Television, Olukoyede shared updates on the EFCC’s investigation into the scam that has […]
EFCC returns $120,548 and N70m to foreign fraud victims
The Economic and Financial Crimes Commission (EFCC) has refunded a total of $120,548 and ₦70,602,841 to fraud victims in the United States, Spain, and Switzerland. These funds were recovered from fraudsters operating in Nigeria. The EFCC continues to fight against fraud and financial crimes by tracking down criminals and ensuring that stolen money is returned […]