According to Ola Olukoyede, Chairman of the Economic and Financial Crimes Commission (EFCC), corruption has become a huge enterprise in Nigeria as theft of public resources across all levels of government remains a grave concern. 

Ola Olukoyede, the Executive Chairman of the Economic and Financial Crimes Commission (EFCC), has proclaimed the Commission's unwavering determination to enact comprehensive and robust financial laws and regulations for the nation, with the ultimate goal of thoroughly sanitizing the banking sector and shielding it from the harmful effects of nefarious activities perpetrated by rogue elements.

The Economic and Financial Crimes Commission (EFCC), Nigeria’s anti-corruption agency, has obtained an order from the Federal High Court to freeze N548.6 million in bank accounts that have been linked to suspected cryptocurrency users on platforms such as ByBit, KuCoin, and others, due to their alleged involvement in naira fluctuations. 

The Set Top Box Manufacturers Association of Nigeria (STBMAN) has voiced its concerns about the direction of Nigeria’s Digital Switch Over (DSO) project and attributed the delays to corruption or incompetence within the relevant agencies. 

Ola Olukoyede, the Chairman of the Economic and Financial Crimes Commission (EFCC), has revealed how much banks in Nigeria have lost to internet fraud, otherwise known as Yahoo-Yahoo Boys, in 2022.

The Economic and Financial Crimes Commission (EFCC) has pressed new charges against Godwin Emefiele, the former Governor of the Central Bank of Nigeria (CBN), for his alleged involvement in approving the printing of N684.5m notes using N18.9bn.