Financial Crimes Archives - TheCitizen - It's all about you https://thecitizenng.com/category/financial-crime/ Nigeria's leading online newspaper Tue, 01 Sep 2026 02:03:02 +0000 en-GB hourly 1 https://wordpress.org/?v=6.9.7 https://thecitizenng.com/wp-content/uploads/2017/04/cropped-TheCitizen-330x50-1-32x32.png Financial Crimes Archives - TheCitizen - It's all about you https://thecitizenng.com/category/financial-crime/ 32 32 EFCC summons ex-Gov. Sylva over alleged $14.86m fraud https://thecitizenng.com/efcc-summons-ex-gov-sylva-over-alleged-14-86m-fraud/ https://thecitizenng.com/efcc-summons-ex-gov-sylva-over-alleged-14-86m-fraud/#respond Tue, 01 Sep 2026 02:03:01 +0000 https://thecitizenng.com/?p=286829 The Economic and Financial Crimes Commission (EFCC) has urged former Bayelsa State Governor, Timipre Sylva, who has been declared wanted over an alleged $14.86m fraud, to make himself available for questioning. The commission’s spokesman, Dele Oyewale, stated this on Monday while reacting to Sylva’s allegation that the anti-graft agency had conducted itself more as an […]

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]]> https://thecitizenng.com/efcc-summons-ex-gov-sylva-over-alleged-14-86m-fraud/feed/ 0 EFCC offers 5% whistleblower reward for tips on stolen assets abroad https://thecitizenng.com/efcc-offers-5-whistleblower-reward-for-tips-on-stolen-assets-abroad/ https://thecitizenng.com/efcc-offers-5-whistleblower-reward-for-tips-on-stolen-assets-abroad/#respond Wed, 26 Aug 2026 23:31:02 +0000 https://thecitizenng.com/?p=286616 The Economic and Financial Crimes Commission (EFCC) has offered whistleblowers up to 5% reward for credible information leading to the recovery of Nigerian assets allegedly stashed abroad. EFCC Chairman, Ola Olukoyede, made the disclosure on Wednesday, August 26, 2026, while delivering a lecture at the 43rd International Symposium on Economic Crime in Cambridge, United Kingdom. Olukoyede urged […]

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]]> https://thecitizenng.com/efcc-offers-5-whistleblower-reward-for-tips-on-stolen-assets-abroad/feed/ 0 NDLEA opposes bail for 10 in N480bn Ogun meth lab https://thecitizenng.com/ndlea-opposes-bail-for-10-in-n480bn-ogun-meth-lab/ https://thecitizenng.com/ndlea-opposes-bail-for-10-in-n480bn-ogun-meth-lab/#respond Fri, 21 Aug 2026 01:13:44 +0000 https://thecitizenng.com/?p=286390 The National Drug Law Enforcement Agency (NDLEA) has opposed the bail application filed by 10 defendants arrested during a raid on an alleged clandestine methamphetamine laboratory in a forest in Ogun State. The agency said the defendants are an alleged organised network involved in the production and trafficking of methamphetamine and the acquisition and transportation […]

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]]> https://thecitizenng.com/ndlea-opposes-bail-for-10-in-n480bn-ogun-meth-lab/feed/ 0 FEC directs EFCC to release looted funds to education sector https://thecitizenng.com/fec-directs-efcc-to-release-looted-funds-to-education-sector/ https://thecitizenng.com/fec-directs-efcc-to-release-looted-funds-to-education-sector/#respond Wed, 19 Aug 2026 18:16:13 +0000 https://thecitizenng.com/?p=286277 The Federal Executive Council (FEC) has approved that monies seized by the Economic and Financial Crimes Commission (EFCC) be released to the Education sector. The Minister of Education, Dr Tunji Alausa, who stated this after the Federal Executive Council meeting on Wednesday, said the monies will be channelled through the Nigerian Education Loan Fund (NELFUND). […]

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]]> https://thecitizenng.com/fec-directs-efcc-to-release-looted-funds-to-education-sector/feed/ 0 US-based Nigerian risks 20 years’ jail over $2.7m fraud https://thecitizenng.com/us-based-nigerian-risks-20-years-jail-over-2-7m-fraud/ https://thecitizenng.com/us-based-nigerian-risks-20-years-jail-over-2-7m-fraud/#respond Thu, 13 Aug 2026 00:02:46 +0000 https://thecitizenng.com/?p=286055 The United States Department of Justice has said that a 41-year-old Nigerian, Babajide Adesayo, is at risk of 10 years’ imprisonment following his conviction by a federal jury of laundering more than $2.7m obtained from victims of romance fraud and other online scams. The US DoJ disclosed this in a statement obtained on its website […]

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]]> https://thecitizenng.com/us-based-nigerian-risks-20-years-jail-over-2-7m-fraud/feed/ 0 EFCC recovers N115bn, $84m NDDC levy from oil firms https://thecitizenng.com/efcc-recovers-n115bn-84m-nddc-levy-from-oil-firms/ https://thecitizenng.com/efcc-recovers-n115bn-84m-nddc-levy-from-oil-firms/#respond Wed, 12 Aug 2026 23:44:37 +0000 https://thecitizenng.com/?p=286047 The Economic and Financial Crimes Commission (EFCC) has recovered more than N115bn and $84m in outstanding statutory levies owed the Niger Delta Development Commission (NDDC) by oil companies, the agency told the Senate on Wednesday. The disclosure was made before the Senate Public Accounts Committee, chaired by Senator Ibrahim Dankwambo, during the committee’s ongoing investigation […]

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]]> https://thecitizenng.com/efcc-recovers-n115bn-84m-nddc-levy-from-oil-firms/feed/ 0 PFIPC scandal: Adeyemi demands media, lawyers’ presence before Reps probe https://thecitizenng.com/pfipc-scandal-adeyemi-demands-media-lawyers-presence-before-reps-probe/ https://thecitizenng.com/pfipc-scandal-adeyemi-demands-media-lawyers-presence-before-reps-probe/#respond Mon, 10 Aug 2026 00:01:06 +0000 https://thecitizenng.com/?p=285913 The House of Representatives Ad Hoc Committee investigating the controversy surrounding the Presidential Foreign Investment Promotion Council (PFIPC) is yet to decide where it will question the council’s self-appointed Director-General, Adeniyi Adeyemi, a source familiar with the committee’s proceedings has disclosed. The development comes as Adeyemi insisted that his lawyers and journalists must be present […]

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]]> https://thecitizenng.com/pfipc-scandal-adeyemi-demands-media-lawyers-presence-before-reps-probe/feed/ 0 Italy-based bizman excretes 98 cocaine wraps at Enugu Airport https://thecitizenng.com/italy-based-bizman-excretes-98-cocaine-wraps-at-enugu-airport/ https://thecitizenng.com/italy-based-bizman-excretes-98-cocaine-wraps-at-enugu-airport/#respond Sun, 09 Aug 2026 23:48:07 +0000 https://thecitizenng.com/?p=285905 The National Drug Law Enforcement Agency (NDLEA) arrested Joseph Cyril, a 30-year-old Italy-based businessman, at the Akanu Ibiam International Airport (AIIA), Enugu, on Sunday, 2nd August 2026, during the outward clearance of passengers boarding Ethiopian Airlines flight ET930, in an attempt to smuggle cocaine out of Nigeria has ended in arrest after he ingested 98 wraps of […]

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]]> https://thecitizenng.com/italy-based-bizman-excretes-98-cocaine-wraps-at-enugu-airport/feed/ 0 ICPC clears Gbajabiamila of wrongdoing in fake agency saga https://thecitizenng.com/icpc-clears-gbajabiamila-of-wrongdoing-in-fake-agency-saga/ https://thecitizenng.com/icpc-clears-gbajabiamila-of-wrongdoing-in-fake-agency-saga/#respond Fri, 07 Aug 2026 00:53:15 +0000 https://thecitizenng.com/?p=285819 The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has cleared the Chief of Staff to the President, Femi Gbajabiamila, of any wrongdoing in the controversy surrounding a purported Presidential Foreign Investment Promotion Council (PFIPC), concluding that the appointment letter presented by Adeniyi Adeyemi Mathew was forged. ICPC Chairman, Dr Musa Adamu Aliyu (SAN), […]

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]]> https://thecitizenng.com/icpc-clears-gbajabiamila-of-wrongdoing-in-fake-agency-saga/feed/ 0 Fake agency probe: Adeyemi rejects closed-door Reps quiz https://thecitizenng.com/fake-agency-probe-adeyemi-rejects-closed-door-reps-quiz/ https://thecitizenng.com/fake-agency-probe-adeyemi-rejects-closed-door-reps-quiz/#respond Wed, 05 Aug 2026 23:55:15 +0000 https://thecitizenng.com/?p=285714 The purported Director-General of the Presidential Foreign Investment Promotion Council (PFIPC), Adeniyi Adeyemi, has rejected the House of Representatives ad hoc committee’s decision to interrogate him at an undisclosed location while he remains in police custody, insisting that any appearance before lawmakers should be conducted publicly. Adeyemi, through his lawyer, Ademola Oyedokun, said on Wednesday […]

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]]> https://thecitizenng.com/fake-agency-probe-adeyemi-rejects-closed-door-reps-quiz/feed/ 0 Fake agency probe: Reps to grill controversial DG at undisclosed location https://thecitizenng.com/fake-agency-probe-reps-to-grill-controversial-dg-at-undisclosed-location/ https://thecitizenng.com/fake-agency-probe-reps-to-grill-controversial-dg-at-undisclosed-location/#respond Wed, 05 Aug 2026 09:37:54 +0000 https://thecitizenng.com/?p=285676 The House of Representatives Ad-hoc Committee investigating the alleged establishment and operations of the Presidential Foreign Investment Promotion Council has said it will interrogate the council’s purported Director-General, Prince Adeniyi Adeyemi, at an undisclosed location while he remains in police custody, saying the move is necessary to avoid jeopardising ongoing investigations by security and anti-graft […]

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]]> https://thecitizenng.com/fake-agency-probe-reps-to-grill-controversial-dg-at-undisclosed-location/feed/ 0 PFIPC scandal: HoS admits mistakes as Reps uncover irregular approvals https://thecitizenng.com/pfipc-scandal-hos-admits-mistakes-as-reps-uncover-irregular-approvals/ https://thecitizenng.com/pfipc-scandal-hos-admits-mistakes-as-reps-uncover-irregular-approvals/#respond Fri, 31 Jul 2026 00:12:55 +0000 https://thecitizenng.com/?p=285543 Fresh details emerged on Wednesday in the House of Representatives’ investigation into the controversial Presidential Foreign Investment Promotion Council (PFIPC), as the Head of the Civil Service of the Federation, Mrs Didi Walson-Jack, admitted that her office failed to carry out adequate due diligence before granting key approvals to the purported agency. Also, the Office […]

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]]> https://thecitizenng.com/pfipc-scandal-hos-admits-mistakes-as-reps-uncover-irregular-approvals/feed/ 0 Police fail to produce phantom agency DG before Reps, seek court orderwarrant https://thecitizenng.com/police-fail-to-produce-phantom-agency-dg-before-reps-seek-court-orderwarrant/ https://thecitizenng.com/police-fail-to-produce-phantom-agency-dg-before-reps-seek-court-orderwarrant/#respond Wed, 29 Jul 2026 14:08:42 +0000 https://thecitizenng.com/?p=285522 The Nigeria Police Force on Wednesday failed to produce the self-acclaimed Director-General of the Presidential Foreign Investment Promotion Council (PFIPC), Mr. Adeyemi Adeniyi, before the House of Representatives Ad Hoc Committee investigating the activities of the alleged phantom agency. Instead, police representatives told the committee that they would require a written court warrant authorising the […]

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]]> https://thecitizenng.com/police-fail-to-produce-phantom-agency-dg-before-reps-seek-court-orderwarrant/feed/ 0 ICPC grills Gbajabiamila over PFIPC https://thecitizenng.com/icpc-grills-gbajabiamila-over-pfipc/ https://thecitizenng.com/icpc-grills-gbajabiamila-over-pfipc/#respond Tue, 21 Jul 2026 00:04:28 +0000 https://thecitizenng.com/?p=285338 Chief of Staff to President Bola Tinubu, Rt. Hon. Femi Gbajabiamila, on Monday appeared before the Independent Corrupt Practices and Other Related Offences Commission (ICPC) to answer questions about the alleged fake federal agency, the Presidential Foreign Intervention Promotion Council (PFIPC). His appearance at the commission followed its invitation after President Tinubu directed the ICPC […]

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]]> https://thecitizenng.com/icpc-grills-gbajabiamila-over-pfipc/feed/ 0 Police arrest four cops for extorting ICPC chairman in Abuja https://thecitizenng.com/police-arrest-four-cops-for-extorting-icpc-chairman-in-abuja/ https://thecitizenng.com/police-arrest-four-cops-for-extorting-icpc-chairman-in-abuja/#respond Mon, 20 Jul 2026 22:49:16 +0000 https://thecitizenng.com/?p=285323 Four police officers have been detained by the Federal Capital Territory Police Command for allegedly extorting N53,000 from the Chairman of the Independent Corrupt Practices and Other Related Offences Commission (ICPC), Dr Musa Aliyu (SAN), during an illegal stop-and-search operation in Abuja. The FCT Commissioner of Police, Ahmed Sanusi, disclosed this on Monday while briefing […]

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]]> https://thecitizenng.com/police-arrest-four-cops-for-extorting-icpc-chairman-in-abuja/feed/ 0 Court orders FG takeover of 48 Malami properties https://thecitizenng.com/court-orders-fg-takeover-of-48-malami-properties/ https://thecitizenng.com/court-orders-fg-takeover-of-48-malami-properties/#respond Thu, 16 Jul 2026 05:54:43 +0000 https://thecitizenng.com/?p=285230 The Federal High Court in Abuja has ordered the final forfeiture of 48 properties linked to a former Attorney General of the Federation and Minister of Justice, Abubakar Malami (SAN), to the Federal Government. Justice Joyce Abdulmalik, in a judgment delivered in Abuja on Wednesday, held that the Economic and Financial Crimes Commission (EFCC) had […]

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]]> https://thecitizenng.com/court-orders-fg-takeover-of-48-malami-properties/feed/ 0 Ex-CCT chairman pleads not guilty to corruption, remains in custody https://thecitizenng.com/ex-cct-chairman-pleads-not-guilty-to-corruption-remains-in-custody/ https://thecitizenng.com/ex-cct-chairman-pleads-not-guilty-to-corruption-remains-in-custody/#respond Thu, 09 Jul 2026 13:25:35 +0000 https://thecitizenng.com/?p=285065 The immediate past Chairman of the Code of Conduct Tribunal, Danladi Umar,  (CCT)on Thursday pleaded not guilty to four counts of alleged corruption brought against him by the Federal Government before the FCT High Court in Abuja. Umar was arraigned by the Economic and Financial Crimes Commission (EFCC) before Justice Peter Kekemeke on charges bordering […]

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]]> https://thecitizenng.com/ex-cct-chairman-pleads-not-guilty-to-corruption-remains-in-custody/feed/ 0 PFIPC: Police arrest Adeyemi’s father amid ongoing forgery probe https://thecitizenng.com/pfipc-police-arrest-adeyemis-father-amid-ongoing-forgery-probe/ https://thecitizenng.com/pfipc-police-arrest-adeyemis-father-amid-ongoing-forgery-probe/#respond Mon, 06 Jul 2026 20:58:38 +0000 https://thecitizenng.com/?p=284967 The father of Prince Adeyemi Adeniyi, who is facing criminal charges over alleged forgery and impersonation, was reportedly arrested by police operatives on Monday in Ogbomoso, Oyo State. Residents told journalists that the arrest took place at the family’s residence, where officers reportedly arrived in several vehicles before taking Adeniyi’s father and another man said […]

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]]> https://thecitizenng.com/pfipc-police-arrest-adeyemis-father-amid-ongoing-forgery-probe/feed/ 0 Phantom Agency: Fresh evidence reveals SGF clearance to Adeyemi for Canada summit https://thecitizenng.com/phantom-agency-fresh-evidence-reveals-sgf-clearance-to-adeyemi-for-canada-summit/ https://thecitizenng.com/phantom-agency-fresh-evidence-reveals-sgf-clearance-to-adeyemi-for-canada-summit/#respond Mon, 06 Jul 2026 06:46:16 +0000 https://thecitizenng.com/?p=284911 Fresh documents have emerged showing that the Office of the Secretary to the Government of the Federation (OSGF) approved the disowned Director-General of the non-existent Presidential Foreign Intervention Promotion Council (PFIPC), Mr Adeniyi Adeyemi, to attend the Canada-Africa Fintech Summit, CAFS, in August 2025. This came as former Vice President, Atiku Abubakar, yesterday, slammed President […]

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]]> https://thecitizenng.com/phantom-agency-fresh-evidence-reveals-sgf-clearance-to-adeyemi-for-canada-summit/feed/ 0 Man stages self kidnap to extort N25m from family https://thecitizenng.com/man-stages-self-kidnap-to-extort-n25m-from-family/ https://thecitizenng.com/man-stages-self-kidnap-to-extort-n25m-from-family/#respond Mon, 06 Jul 2026 05:51:19 +0000 https://thecitizenng.com/?p=284883 A Delta State-based man, Michael James, has narrated why he allegedly staged a self-kidnapping scheme to extort N25m from his family. James, in an interrogation video shared by the Delta State Police Public Relations Officer, Bright Edafe, on Sunday, said he resorted to the act because he owed his brother and sister money, which he […]

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]]> https://thecitizenng.com/man-stages-self-kidnap-to-extort-n25m-from-family/feed/ 0