The Economic and Financial Crimes Commission (EFCC) informed a federal high court in Lagos that no individual has come forward to claim the $2.045 million linked to Godwin Emefiele, the former governor of the Central Bank of Nigeria (CBN). Rotimi Oyedepo, EFCC counsel, made the statement on Thursday before the presiding judge, Deinde Dipeolu. The … Read more
The Economic and Financial Crimes Commission (EFCC) is contesting a recent ruling by the Federal High Court in Yenagoa, Bayelsa State, that restrains the agency from seizing properties linked to Bliss Multinational Perfections Limited and its founder, Arch Oyinmiebi Bribena, over an alleged Ponzi scheme. The judgment, delivered on September 4 by Justice Isa H. … Read more
A Federal Capital Territory High Court in Maitama has set October 21 for the next phase of the trial of former CBN Governor Godwin Emefiele, following the testimony of a key witness and the submission of crucial documents. Eko Hot Blog reports that a Federal Capital Territory High Court in Maitama has scheduled October 21 for the … Read more
EFCC opposes bail for Binance executive Gambaryan, citing flight risks. Concerns raised over potential escape after co-defendant Anjarwalla flees. Legal battle unfolds at Federal High Court Abuja over money laundering allegations. EKO HOT BLOG reports that in a tense legal battle unfolding at the Federal High Court Abuja, the Economic and Financial Crimes Commission (EFCC) has … Read more
Bayo Onanuga is reacting to Yahaya Bello’s legal trouble. Bello is standing trial over alleged financial crimes valued at N80 billion. The Kogi governor has been declared wanted by the EFCC. Eko Hot Blog reports that the Special Adviser to President Bola Tinubu on Information and Strategy, Bayo Onanuga, has taunted an embattled former governor … Read more
EKO HOT BLOG reports that the House of Representatives Committee on Financial Crimes is preparing to enforce its constitutional powers against Binance Holdings Limited after the company failed to attend a public hearing. The hearing aimed to address allegations of terrorism financing, money laundering, tax evasion, and other illicit activities against the digital assets exchange operator … Read more
The CBN has released guidelines for banks to scrutinize Nigerian senators and politicians’ accounts. The guidelines require enhanced due diligence, identity verification, and transaction monitoring for suspicious activity. Politicians’ accounts will face closer scrutiny, increased investigation likelihood, and potential withdrawal restrictions. EKO HOT BLOG reports that the Central Bank of Nigeria (CBN) has released new … Read more