The Nigerian naira witnessed a continued depreciation on Wednesday, trading at N1,308.52 against the dollar at the official market. Data sourced from the FMDQ Exchange, the regulatory body overseeing the Nigerian Autonomous Foreign Exchange Market (NAFEM), revealed a significant drop of N8.37 in the value of the naira, representing a […]
EFCC
The Economic and Financial Crimes Commission (EFCC) has intensified its legal battle against the embattled former governor of the Central Bank of Nigeria, Godwin Emefiele, by lodging a new charge at the High Court of the Federal Capital Territory. The latest accusation alleges that Emefiele authorized the printing of N684,590,000 […]
The Attorney-General of the Federation and Minister of Justice, Prince Lateef Fagbemi, SAN, has urged the immediate past Governor of Kogi State, Alhaji Yahaya Bello, to cooperate with the Economic and Financial Crimes Commission (EFCC) and honor their invitation for investigation. The AGF emphasized the importance of allowing the EFCC […]
The Economic and Financial Crimes Commission (EFCC) has taken legal action against Cubana Chief Priest, a well-known Instagram personality, alleging misconduct involving the Nigerian currency. Cubana, whose real name is Pascal Okechukwu, faces a three-count charge and is set to appear before Justice Kehinde Ogundare of the Federal High Court […]
The Economic and Financial Crimes Commission (EFCC) has intensified its efforts to combat financial misconduct among celebrities, particularly in cases of Naira abuse. In a statement released by EFCC spokesperson Dele Oyewale on Sunday, it was disclosed that the agency is actively investigating several high-profile individuals suspected of misusing the […]
The Federal High Court in Lagos has handed down a six-month prison sentence without the option of a fine to the controversial cross-dresser, Idris Olanrewaju Okuneye, popularly known as Bobrisky, for the abuse of the Naira currency. Justice Abimbola Awogboro delivered the verdict as a stern warning to others engaging […]
The former governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has been granted bail in the sum of N50 million by a high court in Ikeja, Lagos. Facing a 26-count charge related to abuse of office, Emefiele had earlier pleaded not guilty to the allegations brought against him […]
The Economic and Financial Crimes Commission (EFCC) has apprehended popular social media personality Idris Okuneye, popularly known as Bobrisky. The arrest was confirmed by the commission’s spokesperson, Dele Oyewale, who disclosed that Bobrisky was detained for allegations related to currency mutilation and Naira abuse. Oyewale stated, “He is with us. […]
Zenith Bank PLC, a prominent financial institution in Nigeria, vehemently refutes recent claims circulating in certain media outlets regarding the alleged apprehension of its Group Managing Director, Dr. Ebenezer Onyeagwu. Contrary to these unfounded reports, the bank asserts that Dr. Onyeagwu has not been subjected to arrest or detainment by […]
On Tuesday, the Group Managing Directors (GMDs) of Zenith, Providus, and Jaiz banks responded to the Economic and Financial Crimes Commission’s (EFCC) invitation, where they cooperated by submitting documents related to accounts linked to the Ministry of Humanitarian Affairs. A reliable source within the agency confirmed the compliance, revealing that […]