50 h. ago EFCC arraigns Lexicon Multiconcept Media CEO for N459m fraud

From Sola Ojo, Abuja The Economic and Financial Crimes Commission (EFCC) has arraigned Osabohem Alex Ologbosele, CEO of Lexicon Multiconcept Media Limited, his company, and employee Augustine Osas Iyoha before Justice E. Akpan of the Federal High Court in Abuja. They face six amended charges of fraud, obtaining under false pretences, and money laundering involving […] The post EFCC arraigns Lexicon Multiconcept Media CEO for N459m fraud appeared first on The Sun Nigeria.

Politics

59 h. ago N1.3bn fraud: Jude Okoye meets bail conditions, regains freedom

By Seyi Babalola Jude Okoye, Psquare’s former manager, has been freed from Ikoyi prison after meeting his bail terms in an ongoing N1.38 billion money laundering trial. Jude, the eldest brother of music artists Peter and Paul Okoye, and his firm, Northside Music Limited, are facing a seven-count prosecution before A. Owoeye of the federal […] The post N1.3bn fraud: Jude Okoye meets bail conditions, regains freedom appeared first on The Sun Nigeria.

Politics

1 week ago Alleged N1.3bn fraud: How my rift with Jude Okoye started – Peter Okoye

Peter Okoye, a former member of the defunct music duo P-Square, testified in the N1.3 billion fraud case against his older brother, Jude Okoye on Monday. Jude Okoye is standing trial on a seven-count charge, including fraud and money laundering, based on a petition written by Peter Okoye through the Economic and Financial Crimes Commission […] The post Alleged N1.3bn fraud: How my rift with Jude Okoye started – Peter Okoye appeared first on The Sun Nigeria.

Politics

2 w. ago Nigerians arrested as Indian police bust international drug ring

Two Nigerians and a local forex agent have been arrested in Hyderabad, India, as police uncovered a transnational drug trafficking and money laundering syndicate with links to the United States and Nigeria, The Hindu Newspapers reports. The suspects, identified as Ugwu Ikechukwu (alias Emma) and Chukwu Ogbonna (alias Big Joe), were arrested by the Telangana Read More

Events

3 w. ago Georgia man admits aiding Nigerian con men in sextortion scheme

A Georgia man admitted he was part of a five-person money laundering conspiracy that took at least $150,000 from sextortion victims, then sent proceeds of the scheme to a Nigerian criminal group. The Acting U.S. Attorney for the Western District of Michigan, Andrew Birge, said on Thursday that Johnathan Demetrius Green, of Stone Mountain, Georgia, Read More

Politics

3 w. ago EFCC secures conviction in $30,000 airport money laundering case

From Sola Ojo, Abuja Justice Deinde I. Dipeolu of the Federal High Court sitting in Ikoyi, Lagos, on Wednesday, convicted and sentenced Okunfulure Olusola Steve to three months’ imprisonment for money laundering. The Head of Media and Publicity at the Economic and Financial Crimes Commission (EFCC), Dele Oyewale, said the convict was arrested on 28 […] The post EFCC secures conviction in $30,000 airport money laundering case appeared first on The Sun Nigeria.

Politics

3 w. ago Three Nigerians In U.S. Face 60 Years Sentence For Alleged $4.5m Money Laundering

Three US-based Nigerians, Olumide Olorunfunmi, Samson Amos, and Emmanuel Unuigbe, face a possible combined 60-year jail sentence for alleged money laundering amounting to $4.5 million. The trio is accused of engaging in fraudulent financial activities, which led to significant financial losses. US authorities have charged them with multiple counts of money laundering, wire fraud, and […] The post Three Nigerians In U.S. Face 60 Years Sentence For Alleged $4.5m Money Laundering appeared first on Information Nigeria.

Politics

3 w. ago Achimugu Responds To EFCC’s Wanted Notice, Insists On Due Process

Aisha Achimugu, CEO and managing director of Felak Concept Group, has responded to the Economic and Financial Crimes Commission’s (EFCC) decision to declare her wanted over alleged money laundering. On Friday, the EFCC called on the public to report any information regarding Achimugu’s whereabouts. The EFCC stated Achimugu was declared wanted in a “case of […] The post Achimugu Responds To EFCC’s Wanted Notice, Insists On Due Process appeared first on Information Nigeria.

Politics

3 w. ago Achimugu: 20 Lawyers, Activists Drag EFCC To Court For Declaring Businesswoman Wanted, Invasion Of Home

20 constitutional lawyers and activists led by Barr. Okere Kingdom, on behalf of a consortium of human rights/constitutional lawyers, have vowed to commence multiple legal actions in Court to quash the allegations of criminal conspiracy, money laundering against foremost businesswoman, Aisha Achimugu. LEADERSHIP recalls that the Economic and Financial Crimes Commission (EFCC) had few days […]

Events

4 w. ago “Real Estate In Nigeria Is Haven For Money Laundering” – Patrick Doyle

Veteran actor Patrick Doyle has stated that the real estate sector in Nigeria is being used to facilitate financial crimes. He claimed that real estate is the primary channel for money laundering in Nigeria. He made these claims during a recent interview on Echo Room with host Quincy Jones, which was uploaded on YouTube on […] The post “Real Estate In Nigeria Is Haven For Money Laundering” – Patrick Doyle appeared first on Information Nigeria.

Politics

4 w. ago EFCC declares bizwoman, Aisha Achimugu wanted after rejecting invitation

A businesswoman and socialite, Aisha Achimugu, has been declared wanted by the Economic and Financial Crimes Commission. Saturday PUNCH gathered that the EFCC had summoned the socialite to appear at its Port Harcourt office on March 25, 2025 over alleged money laundering and a high-profile investment scam. The invitation letter, dated March 4 and signed Read More

Politics

4 w. ago Arewa Youths Condemn EFCC’s Declaration Of Aisha Achimugu Wanted, Says It’s Persecution

The Arewa Youths Consultative Forum has strongly condemned the Economic and Financial Crimes Commission’s (EFCC) decision to declare businesswoman Aisha Sulaiman Achimugu wanted over allegations of criminal conspiracy and money laundering. Recall that EFCC’s Head of Media & Publicity, Dele Oyewale, had signed a notice declaring Achimugu’s wanted on the commission’s official social media platforms […]

Politics

4 w. ago EFCC Declares Businesswoman Aisha Achimugu Wanted Over Alleged Money Laundering

The Economic and Financial Crimes Commission has issued a wanted notice for businesswoman and socialite Aisha Achimugu. Dele Oyewale, the agency’s spokesman, said this in a circular shared via the EFCC’s X handle on Friday. The EFCC stated that Aisha Achimugu is wanted in connection with an alleged case of criminal conspiracy and money laundering. […] The post EFCC Declares Businesswoman Aisha Achimugu Wanted Over Alleged Money Laundering appeared first on Information Nigeria.

Economics

4 w. ago EFCC declares Aisha Achimugu wanted for alleged money laundering

The Economic and Financial Crimes Commission (EFCC) has declared Aisha Achimugu, a businesswoman and socialite, wanted over allegations of criminal read more EFCC declares Aisha Achimugu wanted for alleged money laundering

Politics

4 w. ago EFCC declares socialite Aisha Achimugu wanted for alleged money laundering

The Economic and Financial Crimes Commission has declared businesswoman and socialite Aisha Achimugu wanted. The agency’s spokesman, Dele Oyewale, made this known in a circular released via the EFCC’s X handle on Friday. According to the EFCC, Achimugu is wanted by the agency in an alleged case of criminal conspiracy and money laundering. The circular Read More

Politics

4 w. ago Money laundering: Customs to launch electronic system for cash declarations at airports

The Nigeria Customs Service (NCS) is set to introduce an electronic declaration system to streamline and enhance compliance for travelers carrying cash into or out of Nigeria. Speaking in an interview with the News Agency of Nigeria (NAN) in Abuja, Abdullahi Maiwada, NCS spokesperson, emphasized that the initiative aligns with efforts to strengthen Nigeria’s anti-money […] The post Money laundering: Customs to launch electronic system for cash declarations at airports appeared first on The Sun Nigeria.

Economics