By No fewer than 14, 000 Nigerian investors have prayed the Economic and Financial Crimes Commission (EFCC) to investigate activities of a cryptocurrency firm, MTS/TOFRO, over alleged N1.8 trillion investment fraud. The petitioners, though their lawyer, Ebuka Nwaeze, also urged the Securities and Exchange Commission (SEC) to investigate theContinue Reading
By Justice Ayokunle Faji of the Federal High Court Ikoyi, Lagos, has convicted the duo of Dr. Olufemi Martins Thomas, a former Executive Secretary, National Health Insurance Scheme, NHIS, and one Kabiru Sidi, a Bureau De Change Operator, for $2,198,900.00 ( Two million, One Hundred and Ninety Eight Thousand, Nine HundredContinue Reading
Flowerbud News/ Chief Ikechi Emenike, the All Progressives Congress (APC)’s Chieftain, has filed a motion for court to issue a bench warrant for the arrest of the EFCC Chairman, Mr Ola Olukoyede, for alleged refusal to obey court order with respect to an Abuja property forfeited to the Federal Government.Continue Reading
The Economic and Financial Crimes Commission (EFCC) has filed a three-count charge against two of the detained promoters of Crypto Bridge Exchange (CBEX) over allegations bordering on investment fraud to the tune of over one billion dollars. The two, in the charge marked: FHC/ABJ/CR/216/2025 and filed by EFCC lawyer,Continue Reading
By Vic Akinrogunde FLOWERBUDNEWS: Abdulrasheed Bawa, the former chairman of the Economic and Financial Crimes Commission (EFCC), has released a groundbreaking new book titled ‘The Shadow of Loot & Losses: Uncovering Nigeria’s Petroleum Subsidy Fraud’. This powerful exposé provides the most authoritative account yet of Nigeria’s multi-trillion-naira fuel subsidyContinue Reading
The Federal High Court in Abuja on Friday, fixed June 26 for ruling on an application by the EFCC to “cross examine” its 3rd prosecution witness (PW-3) in the trial of former Gov. Yahaya Bello of Kogi. Justice Emeka Nwite adjourned the matter after listening to the submissions byContinue Reading
Flowerbudnews The Federal High Court in Abuja on Thursday, gave the Economic and Financial Crimes Commission (EFCC) the go-ahead to arrest and detain six promoters of Crypto Bridge Exchange (CBEX) over alleged investment fraud to the tune of over one billion dollars. Justice Emeka Nwite, who gave the orderContinue Reading
Flowerbudnews A former Minister of Power, Saleh Mamman on Thursday, told the Federal High Court in Abuja that the only transaction he had with Mustapha Bida, the account manager, Mambila Zungeru Project, was on his plan to buy a house at Kado in Abuja. The Economic and Financial CrimesContinue Reading
The Federal High Court in Abuja will on May 28, hear the Economic and Financial Crimes Commission (EFCC)’s motion seeking an order for final forfeiture of N228.4 million linked to former Governor of Abia, Theodore Orji. Justice Emeka Nwite adjourned the matter to hear the motion after the EFCC’sContinue Reading
