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At the request of former Nigerian President Olusegun Obasanjo, the Economic and Financial Crimes Commission was created by the Nigerian Parliament in 2002. [13] In February 2004, Amaka Anajemba, Emmanuel Nwude, Emmanuel Ofolue, Nzeribe Okoli, and Obum Osakwe (Christian Anajemba was deceased at this point), were all arrested and charged in the Abuja High Court with 86 counts of "fraudulently ...
Scam letter posted within South Africa. An advance-fee scam is a form of fraud and is a common confidence trick.The scam typically involves promising the victim a significant share of a large sum of money, in return for a small up-front payment, which the fraudster claims will be used to obtain the large sum.
The Innoson Group vs GTBank fraud case involves claims where plaintiff Innoson Motors claims that GT Bank owes Innoson Motors a large sum of money that after 22% interest compounded annually over several years totals ₦8.9 billion. However, the Nigerian government is also investigating claims that Innoson Motors is guilty of fraud. [1]
A Nigerian man was arrested in Texas 11 months after he was indicted in connection with an alleged romance fraud scheme that netted more than $3.3 million. A Nigerian man was arrested in Texas 11 ...
A Nigerian judge will hear a money laundering case against crypto exchange Binance and two of its executives next week, more than a month earlier than planned, after defence lawyers asked for the ...
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Scattered Canary is a Nigerian fraud ring. During the COVID-19 lockdowns in 2020, the group used business email compromise and, according to the United States Secret Service, "hundreds if not thousands" of money mules to defraud U.S. state unemployment agencies. [1]
The EFCC was established in 2003, partially in response to pressure from the Financial Action Task Force on Money Laundering (FATF), [2] which named Nigeria as one of 23 countries non-cooperative in the international community's efforts to fight money laundering. [1] The agency has its head office in Abuja, Nigeria. The EFCC was also set up to ...