CBEX collapse: EFCC declares 8 persons wanted - ITREALMS

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Some eight persons including four foreigners and four Nigerians have been declared wanted over alleged N1.3 trillion scam using the Crypto Bridge Exchange (CBEX), a digital trading platform, reports ITREALMS.

The Economic and Financial Crimes Commission (EFCC) made this declaration Friday in a publication on its X handle.

Ponzi scheme operators warned by EFCC - ITREALMS

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Here are the some Ponzi scheme operators warned by the Economic and Financial Crime Commission (EFCC):

1. Wales Kingdom Capital : Operating a Ponzi scheme

2. Bethseida Group of Companies : Running an illegal investment scheme

EFCC, Interpol after CBEX behind N1.3trn Nigeria scam - ITREALMS

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The Economic and Financial Crimes Commission (EFCC) has estimated the sum of N1.3 trillion as what Nigerians lost to fraudulent online investment platform, CryptoBank Exchange (CBEX), reports ITREALMS.

This is coming as InterPol has joined forces to hunt leaders of CBEX in the Nigeria scam.

EFCC’s Urban Radio arrest raises press freedom, procedural integrity concerns by Tony Onyima - ITREALMS

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The press statement issued by the Economic and Financial Crimes Commission (EFCC) today regarding the arrest of Favour Ekoh at Urban Radio, 94.5 FM, Enugu, raises concerns about procedural propriety, press freedom, and the balance between law enforcement and media independence.

At the core of this issue is the controversial method employed by the EFCC in pursuing Ekoh, a radio presenter accused of involvement in a Ponzi scheme. The EFCC asserts it had to conduct a “sting operation” at the station, implying urgency to prevent Ekoh from escaping. However, entering a media house to arrest a presenter during a live broadcast can be seen as an infringement on press freedom. Even if legal, such an approach may set a dangerous precedent by subjecting journalists and broadcasters to fear of interruption or abduction in their duties, undermining the Fourth Estate’s vital role in society. The agency could have waited for Ekoh to finish her presentation and arrested her as she exited the station.

EFCC denies invasion of Urban Radio Enugu - ITREALMS

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The Economic and Financial Crimes Commission (EFCC) has denied invasion of the Urban Radio Enugu, Enugu State, saying they were there merely to invite one Favour Ekoh, host of Prime Time, a programme at the station, reports ITREALMS.

EFCC in a press statement by Head, Media & Publicity, Mr. Dele Oyewale on Tuesday, entitled "EFCC’s Arrest at Urban Radio Enugu: Facts of the Matter" noted that on Monday, October 14, 2024, a team of operatives of the Enugu Zonal Directorate of EFCC, comprising four officers were at Urban Radio 94.5FM, Enugu to invite one Favour Ekoh, host of Prime Time, a programme running at the station.

The problem with EFCC by Michael Owhoko - ITREALMS

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In every government or institution, there is a corresponding invisible hand that remote-controls its affairs with immense influence over decision-making process, predominantly on matters of interest. In most cases, while the head, and perhaps, the kitchen cabinet, may be aware of this imperceptible parallel, it is mostly unknown to other members of the team, who ignorantly, believe that the administration’s decisions are without external interference.

The Economic and Financial Crime Commission (EFCC) is a victim of this invisible hand. The head of the Commission, and possibly, his inner caucus, are not oblivious of its presence and interference, but may be unknown to other members of staff. By conferring the power to appoint the Chairman of the Commission on the President of the Federal Republic of Nigeria, law makers, have unwittingly, created an invisible hand for the EFCC. The invisible hand is the President, and by extension, the Presidency.

May-hem: EFCC arrests 193 suspects on Internet fraud in 20 days - ITREALMS

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Since the beginning of the fifth month of 2024, May, the Economic and Financial Crimes Commission (EFCC), has made a total of 193 arrests related to cyber crimes and internet fraud across various cities in Nigeria, reports ITREALMS.

Also, ITREALMS investigations on the number of convictions by the EFCC in 2021 showed that there were some 35 cases, just as 54 cases were mentioned on cyber crimes, even as cybercrime as compound word appeared 339 in the 174 page document.

EFCC: Why crossdresser Bobrisky, was arrested+Photo - ITREALMS

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The Economic and Financial Crimes Commission has offered reason for its arrest and detention of a crossdresser, Idris Olarewaju Okuneye, aka Bobrisky.

Spokesman of the EFCC, Dele Oyewale, confirmed the development to newsmen on Thursday.

NNPC solicits EFCC’s support in fight against crude oil theft - ITREALMS

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The Nigerian National Petroleum Company Limited (NNPC Ltd.) has appealed to the Economic and Financial Crimes Commission (EFCC) to help tackle the menace of crude oil theft in the country.

A press statement available to ITREALMS by the Chief Corporate Communications Officer, NNPC Ltd, Mr. Olufemi O. Soneye, quoted the Group Chief Executive Officer of the company, Mr. Mele Kyari, as making the appeal at an interactive session with the EFCC’s helmsman, Mr. Ola Olukoyede, which held at the NNPC Towers in Abuja on Monday.

EFCC, Customs to collaborate on national security - ITREALMS

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The Nigeria Customs Service Area 1 Command Port Harcourt says it is seeking collaboration with the Economic and Financial Crimes Commission (EFCC) on national security, reports ITREALMS.

A press statement made available to ITREALMS by the Command's public relations officer Superintendent of Customs Oscar Ivara on a courtesy visit by the Customs Area Controller, Comptroller Mustapha Hashim to the Zonal Command of the Anti-Graft agency in Port Harcourt the Rivers state capital.

46 arrested by EFCC over internet frauds in Calabar, Eket - ITREALMS

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The operatives of the Uyo Zonal Command of the Economic and Financial Crimes Commission, EFCC, have arrested forty-six(46) suspected internet fraudsters at different locations within Calabar, Cross River State and Eket Local Government Area of Akwa Ibom State.

While the Calabar suspects were arrested on October 13, 2023, their Eket counterparts were nabbed on Sunday, October 15, 2023. Both arrests were intelligence-based.

No more night sting operations says EFCC - ITREALMS

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With immediate effect, the Economic and Financial Crimes Commission (EFCC) has banned night sting operations by its personnel, reports ITREALMS.

The Head, Media & Publicity at EFCC, Mr. Dele Oyewale confirmed this in a press statement available to ITREALMS on Wednesday, saying its in line with the newly-reviewed procedures on arrest and bail of suspects by the Commission.

Do we still need EFCC, ICPC for anti-graft war? By Zainab Suleiman Okino - ITREALMS

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Since their creation, the Economic and Financial Crimes Commission (EFCC) and Independent Corrupt Practices and Other Related Offences Commission (ICPC), have always been mired in controversy and blemished by political influence. 

From the appointment of the heads to their activities, the anti-graft agencies are also troubled, as much as they trouble alleged offenders, in addition to subtle institutional rivalry between them and the Attorney General’s office.

Tinubu suspends EFCC chairman, Bawa, indefinitely - ITREALMS

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Nigerian President, Asiwaju Bola Ahmed Tinubu (BAT) has suspended the Chairman, Economic and Financial Crimes Commission (EFCC), Mr. AbdulRasheed Bawa indefinitely, reports ITREALMS.

A press statement from the Office of the Secretary to the Government of the Federation (SGF) made available to ITREALMS by the Director, Information, Mr. Willie Bassey on Wednesday, June 14, confirmed that the suspension was to allow for proper investigation into his conduct while in office.

ANLC bans importers from opening Form ‘M’ with FirstBank, threatens to petition EFCC, ICPC - ITREALMS

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The Association of Nigerian Licensed Customs Agents (ANLCA) has banned members who are majorly importers and their agents from opening Form 'M' with the FirstBank Plc, reports ITREALMS.

Form M, which is now electronic as 'e-Form' is a mandatory documentation process put in place by the Federal Government of Nigeria through the Federal Ministry of Finance (FMF) and the Central Bank of Nigeria (CBN), to monitor goods that are imported into the country as well as enable collection of import duties where applicable.

Dilemma: Police, EFCC and citizen Gbade Ogunwale - ITREALMS

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I filed a petition with the Federal Capital Territory Police Command seeking redress for an injustice I suffered. The petition, dated March 23, 2021, detailed a case of unlawful confiscation of my properties and a criminal breach of trust.

The suspect had deceptively confiscated my Honda Accord car, a brand new Dell laptop and a colour HP Printer.

Stakeholders rejects calls for interim government, agitations to sack EFCC boss - ITREALMS

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The Human and Environmental Development Agenda (HEDA Resource Centre), notable civil society organization dedicated to combating corruption in Nigeria, organized an Anticorruption Stakeholders Summit in Lagos State with the Support of MacArthur Foundation and Open Society Initiative for West Africa. 

The summit brought together various stakeholders including civil society organizations, anti-corruption agencies, and media groups to undertake a comprehensive assessment of Buhari’s anti-corruption record and propose solutions to address the problem of corruption in the country.

NiRA signs MoU with EFCC to train personnel on cyber security - ITREALMS

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Registry for .ng internet domain names, the Nigerian Internet Registration Association (NIRA) has signed a Memorandum of Understanding (MoU) with the Economic and Financial Crimes Commission (EFCC), to provide cyber security trainings for the personnel of the commission, reports ITREALMS.

As registry, NIRA is responsible for maintaining the database of names registered in the .ng country code Top Level Domain (TLD).

Obiano’s wife not with us says EFCC - ITREALMS

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The Economic and Financial Crimes Commission (EFCC) has denied that the immediate past first lady of Anambra State, Mrs. Ebelechukwu Obiano, has not been arrested by them, reports ITREALMS.

The EFCC spokesman Wilson Uwujaren, debunked a media report about the arrest.

EFCC leaked video on Obiano: We've punished officer - ITREALMS

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The Economic and Financial Crimes Commission (EFCC) has purportedly fished out and punished the officer behind the recording and sharing of a video of the immediate past Governor of Anambra State, Chief Willie Obiano in its custody, reports ITREALMS.

Obiano, ITREALMS recalled trended on social media on Sunday after a video footage of him on T-shirt and red short in an EFCC detention facility went viral.