N700m alleged fraud: PDP chairman, four others remanded in custody

Justice P. I Adjokwu of a Federal High Court in Benin on Thursday granted the Edo chairman of the Peoples Democratic Party, Dan Orbih; and Mr. Osagie Ize-Iyamu, the 2016 governorship candidate, N10m bail each for alleged N700m fraud. But he also ordered them remanded in prison until they perfect their bail conditions Also granted… Read More

”Sack EFCC Boss, Ibrahim Magu, Now” -Buhari Told

Reno Omokri has called on President Buhari to sack the acting president of EFCC, Ibrahim Magu, for wearing his re-election campaign material despite being a civil servant. Yesterday, Magu was on Channels TV for an interview and he wore a lapel promoting President Buhari’s re-election. Reno says it is against the civil service act for… Read More

EFCC Nabs 6 Suspected Internet Fraudsters in Abuja, Recovers 10 Laptops, 17 Phones & A Car

The Economic and Financial Crimes Commission (EFCC) says it has arrested six suspected internet fraudsters also known as ‘yahoo yahoo boys’. The suspected fraudsters were said to have been picked up in one of their hideouts, Kubwa area, Abuja. The suspects are Ihoeghian Aghasomwan, Precious Osarumen, Enabulele Osazee Frank, Osahon Scott, Efe Ehieorobo and Peter… Read More

How I Contributed To The Decay Called Yahoo Boys – Eldee Reveals

Nigerian music artiste, Eldee The Don has waded into the debate between celebrities concerning the activities of Yahoo boys. It all started when the Economic and Financial Crimes Commission (EFCC) raided Club 57 and arrested some internet fraudster. The news generated a lot of buzz with celebs divided on the priorities of EFCC. One of… Read More

Noble Igwe Hails EFCC For Parading Yahoo Boys At Lagos Night Clubs

Nigerian blogger, and Founder/Chief Executive Officer of 360 Group, Noble Igwe has released a list of major fraud fronts in Nigeria. Beckoning on the officials of Economic and Financial Crime Commission, he went on a whistle blowing spree as he called out major fraud fronts in Victoria Island, Lagos State. The blogger’s post read:- ”People… Read More

Assistant Police Commissioner Warns Yahoo Boys Relocating From Lagos Because Of EFCC

The assistant commissioner of police “Yomi Shogunle” took to his twitter page to send a strong warning to all Yahoo Boys relocating from lagos because of Efcc rapid raid in the state. He Wrote: To All Yahoo Yahoo Boyz relocating from Lagos State because of fear of going to jail over #FinancialCrime: You can run… Read More

Raid On Yahoo Boys: EFCC Should Also Face Buhari – Reno Omokri

Reno Omokri, former aide to ex-president Goodluck Jonathan has reacted to the arrest of suspected internet fraudsters in Ikoyi by the Economic and Financial Crimes Commission, EFCC. Reacting, Omokri said the anti-graft agency should be after Buhari who became president by allegedly tricking Nigerians with ‘fraudulent promises’ He further stated that not everyone who lives… Read More

Yahoo Boys Are Armed Just Like Drug Dealers, Thieves, They Don’t Deserve To Be Glorified – Olamide Reacts To EFCC Arresting Yahoo Boys

Olamide Adedeji, the creative director and lead producer at Soundcity TV has reacted to the recent raid of Club 57 in Lagos where EFCC arrested over 10 suspected internet fraudsters. According to Olamide:- ‘Yahoo boys are armed robbers. Armed with computers harming people and corporations. So please, file them next to Drug dealers, thieves, money launderers etc.… Read More

EFCC Nabs Female Trader Who Allegedly Defrauds Man Of N10 Million (Photo)

Operatives of the Economic and Financial Crimes Commission, EFCC, have arrested a Port Harcourt’s foodstuff seller for defrauding a victim the sum of N10, 070,000 ( Ten Million, Seventy Thousand Naira only). The suspect, Mrs Faith Dickson, was alleged to have scammed Mr. Ossai Napoleon the sum of N10, 070,000 by introducing him to a… Read More

EFCC Confirms The Arrest Of 12 Yahoo Boys At Lagos Night Club (Photos)

As part of efforts to stem the tide of cyber crimes, the Economic and Financial Crimes Commission, EFCC, Lagos Zonal office, in the early hours of Friday, May 11, 2018 arrested over 12 suspected internet fraudsters in the Ikoyi area of Lagos. The EFCC operatives stormed the popular Club 57 on Awolowo Way, Ikoyi, where… Read More

Ladoja Sold Oyo’s N6.6BN Shares, Didn’t Remit N1.9BN – EFCC

The Economic and Financial Crimes Commission claimed on Thursday that a former governor of Oyo State, Chief Rashidi Ladoja, unilaterally gave instructions in 2007 for the sale of the state’s shares at a discounted rate of N6.6bn without an executive resolution. According to the anti-graft agency, about N1.9bn out of the proceeds of the shares… Read More

I deserve accolade , not condemnation, for spending N24 bn on EFCC’s office – Magu

The acting chairman of the Economic and Financial Crimes Commission, Ibrahim Magu, has defended the agency’s N24 billion new office, brushing aside criticisms about the huge cost, and claiming it is a modest amount for a building that should cost N100 billion. A visibly angry Mr Magu on Wednesday took strong exception to the scrutiny… Read More

EFCC Detains 3 Fake Nigerian Oil Suppliers For Defrauding Ghanaian Of N20m

Operatives of the Economic and Financial Crimes Commission have arrested three fake crude oil sellers for allegedly defrauding a Ghanaian of the sum of N20 million. The suspects: Otuma Firstborn, Stephen Okonkwo and Aniekan Udoh, were arrested in Port Harcourt, Rivers State after successfully fleecing their victim, Solomon Lamptey of the huge sum of money.… Read More