The EFCC on Wednesday, July 31, 2013 arrested a notorious fraudster who specialises in defrauding unsuspecting members of the public through fraudulent bank credit alerts. Wale Olaide (a.k.a Wale Dollar) met his waterloo when he duped one Abdulhamid Abubakar, a bureau de change operator of N5, 000,000.00(Five Million Naira only). Olaide had contacted Abubakar's younger brother, Hashim, also a bureau de change operator based in Lome, Togo Republic that he wanted to purchase Five Million Naira (N5, 000,000) equivalent in CFA Francs. Olaide requested for his Nigerian bank account to enable him pay in the naira equivalent. Hashim asked Abubakar to send his First Bank account details to Olaide.
A former presidential candidate of the Hope Democratic Party, Chief Ambrose Owuru was today, August 2, 2013 arraigned before Justice Suleiman Aliyu of the Federal High Court, Port Harcourt by the Economic and Financial Crimes Commission, EFCC on a 5-count charge bordering on uttering, forgery and obtaining money by false pretence.
The Economic and Financial Crimes Commission, Wednesday July 31, 2013 arrested one Barrister Ambrose Owuru over an allegation of obtaining the sum of sixty-six million naira (N66, 000,000.00) from one Ikechukwu Eze under false pretence.
A second prosecution witness in the on-going trial of Walter Wagbatsoma and four others implicated in a N1.9billion subsidy scam, on Tuesday, July 30, 2013, shed more light into how the accused persons fraudulently obtained the sum from the Petroleum Support Fund.
The witness, Muhammed Ala Shehu who was cross examined by the three defence counsel, told a Lagos State High Court sitting in Ikeja that all information contained in his testimony before the court were derived from documents sent to the Economic and Financial Crimes Commission, EFCC, and interviews conducted with various parties at the inception of the investigation of the case.
The Economic and Financial Crimes Commission, EFCC, today, July 24, 2013 arraigned two suspects, Joseph Olatunde Badmus and Akeju Isaac Bola, before Justice Mudashiru Oniyangi of the FCT High Court, Abuja on a 30-count charge bordering on conspiracy, personation and forgery.
The suspects are alleged to have been parading themselves as EFCC officials and defrauding unsuspecting victims of millions of naira under the pretext of assisting them to suppress petitions pending before the Commission.
The Economic and Financial Crimes Commission on July 24, 2013 arraigned one Gideon Oraeli before Justice R.I Ahiakwo of the State High Court, Port Harcourt on one count charge bordering on issuance of dud cheque.
Gideon allegedly got some goods from the complainant for which he made some cash payment and issued a Diamond Bank cheque number: 25622626 for the sum of N8,868,063.00 (eight million eight hundred and sixty eight thousand, sixty three naira) as the outstanding balance. But upon presentation, the said cheque was returned unpaid due to insufficient fund.
The Economic and Financial Crimes Commission (EFCC) on Wednesday July 24, 2013 arraigned one Mohammed Ayuba before Justice Adebukola Banjoko of the Federal Capital Territory High Court, Gudu, Abuja on a 9-count charge bordering on personation and intent to defraud.
The Economic and Financial Crime Commission, EFCC, on July 22, 2013 arraigned one Mike Arowosegbe alongside his company, Mikkon Essence Works Limited before Justice Abba B. Mohammed of the FCT High Court, Abuja, on a one count charge bordering on issuance of dud cheque and breach of trust.
The Attorney General of the Federation and Minister of Justice, Mohammed Bello Adoke (SAN) today charged the Economic and Financial Crimes Commission, EFCC, to continue to discharge its functions within the ambits of the law. Adoke gave this charge while inaugurating the board of the Commission at his office. "I therefore enjoin you to ensure that respect for the rule of law and due process, should at all time be your guiding principle," he said.
The Economic and Financial Crimes Commission, EFCC, on Friday, July 19, 2013 arrested Dr. Princewell Arinze Chukwueze, an alleged serial fraudster, over a $92,000(Ninety-Two Thousand United States Dollars) scam.
Chukwueze was arrested in Abuja by operatives of the EFCC after more than two months' frantic manhunt for him. His arrest followed an allegation of fraudulent transactions involving him and a notable Bureau de change operator in Lagos on May 10, 2013.