Author: Staff Editor
The Economic and Financial Crimes Commission, EFCC and the Nigerian Financial Intelligence Unit, NFIU, have commenced a three-day stocktake to assess the country’s preparedness for the Mutual Evaluation Exercise of the Financial Action Task Force, FATF, on anti-money laundering and counter-terrorist financing , scheduled to take place in 2027. The stocktake, which began on Tuesday, September 29, 2026, at the EFCC’ corporate Headquarters in Abuja, will continue on Wednesday, September 30, and October 2, 2026. The exercise will bring together officials of both agencies and relevant stakeholders to review progress, identify gaps and strengthen inter-agency cooperation ahead of the mutual…
The Kano Zonal Directorate of the Economic and Financial Crimes Commission, EFCC, has commenced investigation of a suspect arrested with the sum of US$265,000 at the Mallam Aminu Kano International Airport, MAKIA, Kano State. The suspect, Adam Musa Adam, a male passenger with a Nigerian passport arriving from New Delhi aboard Ethiopian Airlines Flight ET941, was intercepted on Sunday, 26 September 2026 during routine screening operations by officers of Nigeria Customs Service, NCS. His luggage was flagged for secondary examination using Non-Intrusive Inspection Technology, leading to the discovery of the undeclared currency concealed among his personal belongings. While handing over the…
Justice Deinde Dipeolu of the Federal High Court sitting in Lagos yesterday ordered the final forfeiture to the Federal Government of Nigeria of 431 mobile phones allegedly linked to convicted Chinese cyber-fraud operators. The judge granted the application on September 29, 2026, after hearing counsel to the Economic and Financial Crimes Commission (EFCC), Hanatu Kofarnaisa, who represented the applicant. The order followed an application by the EFCC pursuant to Section 17 of the Advance Fee Fraud and Other Related Offences Act, 2006, and Section 44(2)(b) of the 1999 Constitution, seeking the final forfeiture of the mobile devices allegedly acquired with…
The High Court of Imo State has dismissed a fundamental rights action in which Chika B. Chukwuemeka sought US$25 million in damages against Meta Platforms Inc. over alleged violations of her privacy and data protection rights. Delivering judgment on July 21, 2026, Justice L. C. Alinnor of the Mbaitoli/Ikeduru Judicial Division held that the Applicant failed to establish that Meta had infringed her constitutional right to privacy or otherwise unlawfully processed her personal data. Chukwuemeka had alleged that Meta collected, processed, profiled, and used her personal data for behavioural advertising without her consent, in breach of Section 37 of the…
Justice Anyalewa Onoja-Alapa of the Federal High Court, Lafia Division, Nasarawa State, has convicted and sentenced 21 companies for operating without licences from the Securities and Exchange Commission (SEC). The companies are Ngwuoke Daniels Technologies; Credio Banco Ltd.; Digital Company Ltd.; Co Request Capital Nigeria Ltd.; Mega Drop Quality Stores Ltd.; Norland Global Ltd.; Oxford International; Creative Agriculture Cooperative; Qnet Nigeria Ltd.; Qnet Professional Skill Academy Ltd.; and Mastermind Energy & Agro Nigeria Ltd. Others are Atus West Africa Investment Company; Eatrich360 Farms; Matag Agro General Services; Viables X Agribusiness Ltd.; Kwakol Markets Ltd.; Light Shade International Ltd.; Value Growth…
Dr. Ivara Esege and his wife, award-winning author Chimamanda Adichie, on Monday urged the Lagos State High Court to dismiss Eurapharma Care Services Nigeria Limited’s suit seeking to halt the coroner’s inquest into the death of their son, Master Nkanu Adichie-Esege. Kemi Pinheiro, SAN, appearing on behalf of what he described as “the most aggrieved Respondents,” described the hospital’s judicial review application as premature, arguing that the coroner had made no decision or determination of rights capable of being quashed by the High Court. He likened the suit to a “Usain Bolt/Ben Johnson” suit. The argument formed the substance of…
The Executive Chairman of the Economic and Financial Crimes Commission, EFCC, Mr. Ola Olukoyede, has urged the Nigerian Education Loan Fund, NELFUND, to ensure that the funds approved by the Federal Government for disbursement as loans to students get directly to the intended beneficiaries, while strengthening measures to prevent diversion and other financial crimes. Olukoyede gave the charge in Abuja on Wednesday, September 23, 2026, at the signing of a Memorandum of Understanding, MoU, between the EFCC and NELFUND at the Corporate Headquarters of the Commission. The MoU is aimed at strengthening collaboration, preventing financial infractions and ensuring accountability in…
The Executive Chairman of the Economic and Financial Crimes Commission, EFCC, Ola Olukoyede, has called on religious leaders across the country to continually preach the right religious doctrine to their followers, especially those that pertain to corruption and its ills on society. He gave the charge in Abuja on Wednesday, September 23, 2026, at the 2026 second Council Meeting of the Nigeria Inter-Religious Council, NIREC, and the launch of the Anti-Corruption Interfaith Manual for religious leaders. In his paper presentation, he stated that the theme of the event, “Shared Sacred Flourishing in Nigeria,” demands that stakeholders in the anti-corruption fight…
The Executive Chairman of the Economic and Financial Crimes Commission, EFCC, Mr. Ola Olukoyede, has assured local government council chairmen and chairmen of traditional rulers’ councils across the country that anti-corruption enforcement would penetrate the grassroots in order to bring development closer to the people. He stated this in Abuja on Tuesday, September 22, 2026, at the maiden Annual National Conference of Local Government Council Chairmen and Traditional Rulers Councils. According to him, the Commission’s commitment to accountability does not stop at the federal level, pledging closer attention to transparency at the sub-national tier as well. He noted that as…
The President of the Nigerian Bar Association, NBA, Mrs. Oyinkansola Badejo-Okusanya, SAN, has commended the Executive Chairman of the Economic and Financial Crimes Commission, EFCC, Mr. Ola Olukoyede, for his leadership and efforts in strengthening the fight against economic and financial crimes. She gave the commendation in Abuja on Wednesday, September 16, 2026, when she led a delegation of the Association on a courtesy visit to the EFCC’s Corporate Headquarters. Badejo-Okusanya praised the Commission’s efforts in the investigation and prosecution of economic and financial crimes, as well as the recovery of proceeds of crime. She said, “When we see things…