Financial Crimes

UK to return £6.8m of Ibori loot to Nigeria

The United Kingdom government is to return an additional 6.8 million pounds of the confiscated loot of former Delta Governor ...

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Ex-bank manager in EFCC custody over alleged N15m fraud

An Ikeja High Court on Monday remanded a former Oceanic Bank manager, Efe Egube, in the custody of the Economic and Financial Crimes Commission (EFCC) ...

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Senate approves 7-year jail term for cyber criminals

The Senate on Thursday prescribed a penalty of seven years imprisonment was for cyber crimes and online fraud perpetrators ...

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Ex-Mint MD rejects extradition, opts for trial in Nigeria

The Former Managing Di­rector of Nigerian Se­curity, Minting and Printing Company, Mr. Ehidiamhem Okoyomon has told a Federal High Court sitting in Abuja that he ...

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Kidnappers change tactics, now withdraw ransom from ATMs- Police

The Rivers State Police Command says kidnappers in the state have deployed new method in their operations by first abducting their victims and force them to ...

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Afren Plc sacks CEO, others over Nigerian oil scandal

A fortnight after Italian prosecutors accused Eni of paying $533m bribe to Nigerian politicians and others to purchase an oil field in 2011, United Kingdom-listed ...

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Hearing begins on ex-MINT boss extradition case today

The Economic and Financial Crimes Commission said it would today (Monday) present a former Managing Director/CEO of Nigerian Security, Minting and Printing Company, Mr. Ehidiamhem ...

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NIPOST intercepts N13.65bn counterfeit currencies

The Nigerian Postal Service (NIPOST) intercepted fake financial instruments worth N13.65bn in the first nine months of this year. The Postmaster General of the Federation, ...

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NDLEA arrests 2 for cocaine trafficking

TheNational Drug Law Enforcement Agency (NDLEA) has foiled attempt by two suspected drug traffickers to smuggle 5.1kg of white powdery substances that tested positive for ...

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NDLEA nabs duo at Abuja airport for smuggling N199m cocaine

Two traders, who allegedly concealed drugs suspected to be cocaine worth 119 million naira inside capacitors and perfumes, have been arrested by officials of National ...

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