EFCC convicts Dennis Tamarakuro cryptocurrency laundering $71,795 cyber fraud The Economic and Financial Crimes Commission (EFCC) has successfully secured the conviction of Dennis Tamarakuro for a cybercrime that involved a $71,795.41 fraud. As Eko Hot Blog reports, Justice Emeka Nwite of the Federal High Court in Abuja sentenced Tamarakuro to two years in prison on … Read more
The Borno State High Court in Maiduguri has sentenced Aisha Wakil, widely known as Mama Boko Haram, to five years in prison for fraud. Wakil, along with two officials of her non-governmental organization (Complete Care and Aid Foundation)—Tahiru Daura (Programme Manager) and Prince Shoyode (Country Director)—was convicted on charges brought by the Economic and Financial … Read more
The Nigerian Police Force has outlined how a group of officers illicitly seized ₦43,160,000 from a cargo worker at the Nnamdi Azikiwe International Airport in Abuja last year. EKO HOT BLOG notes that in a statement released on Wednesday, the NPF’s Public Relations Officer, ACP Muyiwa Ogunjobi, detailed the incident, which took place in August … Read more
The Enugu State Police Command has arrested three individuals, including a banker, for allegedly conspiring to steal N4 million from a customer’s account through identity theft. The suspects, Ndulaka Okwudili, Ifeanyi Nnamani (a former bank employee), and Philip Ozogwu (a National Identification Number enrolment agent), were taken into custody on October 18, 2024. In a … Read more
A hacker has been sentenced to five years in prison in the US for laundering proceeds from one of the largest cryptocurrency thefts in history. Ilya Lichtenstein pleaded guilty last year to his involvement in the 2016 hack of the Bitfinex cryptocurrency exchange, where nearly 120,000 bitcoin were stolen. EDITOR’S PICKS Electricity Meter Costs Rise … Read more
A Federal High Court in Lagos has granted the Inspector-General of Police’s request to arrest Olusanya Okusanya, an alleged fugitive who is said to have fled to the United Kingdom. Justice Yellim Bogoro approved the request after reviewing a motion ex-parte filed by S. Ayodele, a lawyer from the legal department of the Force Criminal … Read more
Operatives of the Economic and Financial Crimes Commission (EFCC) on Wednesday, August 21, 2024, arrested one Hyginus Nkwocha for alleged internet fraud and money laundering. EKO HOT BLOG reports that Nkwocha, 35, was apprehended at Ever Green Estate, behind Millennium Estate, Lugbe, Abuja, following intelligence reports about his suspected involvement in internet fraud and money … Read more
A report has revealed that the Nigerian government has frozen over $37 million worth of cryptocurrency held in wallets believed to be owned by organizers of the #EndBadGovernance protests. The freezing order was issued by the Federal High Court in Abuja. According to a copy of the ruling obtained by Premium Times, the order was … Read more
Emefiele faces charges including procurement fraud, unauthorized redesign of naira notes, and forgery of ex-President Buhari’s signature. High Court orders interim forfeiture of $1,426,175.14 linked to Godwin Emefiele. EFCC instructed to publish the order in a national newspaper; interested parties given 14 days to appear. EKO HOT BLOG reports that the Federal High Court in Lagos … Read more
EFCC targets BDC operators in major Nigerian cities. Raids have disrupted trading and contributed to the naira’s high exchange rate. The Association of Bureau De Change Operators confirmed the raids affected both street traders and some registered operators. EKO HOT BLOG reports that the Economic and Financial Crimes Commission (EFCC) has intensified its crackdown on Bureau … Read more
Dispatch Rider speaks on Cash Deliveries For Emefiele. Witness recounts delivering cash to defendant’s residence, implicating co-defendant. Bail granted with strict conditions; trial proceedings ongoing with plea of not guilty. EKO HOT BLOG reports that in testimony before the Special Offences Court in Lagos on Friday, dispatch rider Monday Osazuwa recounted how the embattled former Central … Read more
The EFCC has requested the Federal High Court in Lagos to dismiss the application by Kogi State Governor to vacate a forfeiture order of 14 properties and N400 million. The properties were reasonably suspected to have been derived from unlawful activities. However, the case has been adjourned until April 20, 2023, for the ruling EKO … Read more