The Securities and Exchange Commission (SEC) has reiterated its ban on the Crypto Bridge Exchange (CBEX), operating under the corporate identity of ST Technologies International Ltd., in Nigeria. This is as the promoters of the platform are seeking for court bail from the custody of Nigeria’s anti-graft agency, the Economic and Financial Crimes Commission (EFCC)….
The Economic and Financial Crimes Commission (EFCC), Nigeria’s economic crimes commission said it recovered nearly $500 million in proceeds of crime last year and secured more than 4,000 criminal convictions, its highest since the agency’s inception more than two decades ago. Africa’s biggest energy producer, Nigeria has struggled for decades with endemic corruption, which many…
Nigeria Extractive Industries Transparency Initiative (NEITI) has said it is working in collaboration with the Economic and Financial Crimes Commission (EFCC) to recover about $6 billion and another N66 billion owed the Federal Government by industry stakeholders in the oil sector. Executive Secretary of NEITI, Orji Ogbonnaya Orji, who disclosed this while defending the 2025…
The Director-General, Inter-Governmental Action Group Against Money Laundering in West Africa (GIABA), Edwin W. Harris Jr., has expressed worries over the continued inclusion of Nigeria’s name on the grey list of Financial Action Task Force (FATF). Speaking at the 2025 National Anti-Money Laundering, Counter-Financing of Terrorism and Proliferation (AML/CFT/CPF) Summit in Abuja, Harris emphasized the…
In its quest to enforce integrity and rid its fold of fraudulent elements, the Economic and Financial Crimes Commission (EFCC) said it sacked 27 officers from its workforce in 2024. The officers were dismissed for various offences bordering on fraudulent activities and misconduct. Their dismissal, following the recommendation of the Staff Disciplinary Committee of the…
After eight grueling months’ detention in Nigeria and court delays, Binance’s head of financial crime compliance, Tigran Gambaryan, has been let go and is heading home for medical treatment. Gambaryan, a Binance executive initially charged with tax and money laundering charges in Nigeria, has left the country after eight months in detention. In a statement,…
