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
Nigerian authorities locate Binance executive Nadeem Anjarwalla in Kenya, intensify efforts for extradition. Economic and Financial Crimes Commission collaborates with international agencies to bring Anjarwalla to Nigeria to face money laundering charges. Extradition process initiated amid allegations of $35.4 million money laundering scheme. EKO HOT BLOG reports that the Nigerian Federal Government has located Nadeem Anjarwalla, … Read more
Eko Hot Blog reports that the Economic and Financial Crimes Commission (EFCC) has hinted at consequences for Nigerians mishandling naira notes. The anti-graft agency stressed that individuals will face prosecution if persuasion isn’t practical. Editor’s Picks BREAKING: Ibadan Kingmakers Appoint Olakulehin As 43rd Olubadan Of Ibadanland BREAKING: Bobrisky Sentenced To Six Months In Jail Over … Read more
Eko Hot Blog reports that the embattled Nigerian crossdresser, Idris Okuneye popularly known as Bobrisky has arrived at the federal high court in Ikoyi, Lagos state for his trial on allegations bordering on naira abuse and money laundering. The Economic and Financial Crimes Commission (EFCC) arraigned the controversial crossdresser on a six-count charge. Editor’s Picks … Read more
Primeboy Drags Mohbad’s Widow To Court Over False Accusations. Concerns over Mohbad’s son’s paternity and circumstances of death. Naira Marley and Sam Larry interrogated; Primeboy surrenders and visits State CID. EKO HOT BLOG reports that Owodunni Ibrahim, also known as Primeboy and a childhood friend of the late singer Mohbad, has lodged a petition with the … Read more
EFCC charges Binance and execs with $35.4M money laundering. Anjarwalla evades arrest, prompts international pursuit. Charges include unlicensed financial activities and concealing unlawful proceeds. EKO HOT BLOG reports that the Economic and Financial Crimes Commission (EFCC) has brought charges of $35,400,000 in money laundering against Binance Holdings Limited and two of its senior executives, Tigran Gambaryan … Read more
Eko Hot Blog reports that the Economic and Financial Crimes Commission (EFCC) on Thursday, March 14, 2024, has dragged former Kogi State governor, Yahaya Bello before Justice James Omotosho of the Federal High Court, Maitama, Abuja for alleged N84billion money laundering offences, alongside his nephew Ali Bello, Dauda Sulaiman and Abdulsalam Hudu. The EFCC is … 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
Eko Hot Blog reports that the Central Bank of Nigeria (CBN) has revoked the licences of 4,173 bureau de change (BDC) operators for failing to observe regulatory provisions. The apex bank disclosed the development in a statement signed by its acting director, corporate communications, Sidi Ali, on Friday. The CBN said the BDCs failed to … Read more
EKO HOT BLOG reports that the Economic and Financial Crimes Commission (EFCC) has issued a clarification regarding recent revelations made by its Chairman, Ola Olukoyede, about a religious sect’s involvement in money laundering activities. Contrary to widespread speculation, the EFCC has stated that the religious organization in question is neither a church nor a mosque. EDITOR’S … Read more
EKO HOT BLOG reports that the Chairman of the Economic and Financial Crimes Commission, Ola Olukoyede, has revealed that the anti-graft agency uncovered how a religious sect in Nigeria is laundering money for terrorists. This was as he also revealed that another religious body was found to be protecting a money launderer after some money suspected … Read more
EKO HOT BLOG reports that Former Minister of Petroleum Resources, Diezani Allison-Madueke will on Monday appear before a Southwark Crown Court judge to answer bribery charges and allegations of corruption from the United Kingdom’s National Crime Agency (NCA). Recall that the embattled Diezani had earlier this month appeared before a Westminster Magistrate Court, from … Read more
EKO HOT BLOG reports that the Bola Tinubu Government has submitted a warrant of arrest and request for the urgent extradition of the former Minister of Petroleum, Diezani Allison-Madueke. This online media platform gathered that the Attorney-General of the Federation and Minister of Justice, Lateef Fagbemi (SAN), submitted the request to the Crown Prosecution Services … Read more
Eko Hot Blog reports that The Commander of the Ilorin Zonal Command of the Economic and Financial Crimes Commission (EFCC), Michael Nzekwe, has issued a warning to real estate agents in Kwara State, urging them to collaborate with the commission in the battle against corruption and to avoid becoming conduits for money laundering. Nzekwe emphasized … Read more
EKO HOT BLOG reports that barely 24 hours after a Federal Capital Teritorry High Court sitting in Abuja ordered the release of the suspended Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, from detention, another court has nullified his arrest, detention and interrogation by the Department of State Services (DSS). In a judgment … Read more
EKO HOT BLOG reports that the Supreme Court on Friday nullified the conviction of Senator Peter Nwaoboshi and his sentencing to seven years imprisonment for offences of fraud and money laundering. The apex court ordered his immediate release from Ikoyi prisons in Lagos where he is being held. EDITOR’S PICKS OPM’s Apostle Chibuzor Rushed To … 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
Mrs. Pauline Tallen, the former Minister of Women Affairs and Social Development, is currently in the custody of the EFCC over allegations of money laundering. She was questioned by EFCC operatives at their zonal headquarters in Abuja. The allegations against Tallen are related to corrupt enrichment amounting to N2 billion, including diversion of funds … Read more
Eko Hot Blog reports that a former Brazilian president, Fernando Collor de Mello, has been reportedly sentenced to eight years and ten months in prison for bribery and money laundering. EDITOR’S PICKS I Will Not Condone Working At Cross Purposes, Tinubu Warns Service Chiefs Watch Moment Police Officers Chased Motorist To Death Over Fuel Sanwo-Olu … Read more
A former Lagos State House of Assembly Speaker has denied charges of money laundering by the EFCC. Ikuforiji claimed that his trial was politically motivated. Ikuforiji’s defense’s team argued that the initial allegations by the EFCC were related to fraud and misappropriation of funds, which were later changed to money laundering. EKO HOT BLOG reports … Read more