The Economic and Financial Crimes Commission (EFCC) has recovered more than N5 billion and $10 million from contractors and government officials implicated in fraudulent activities linked to the turnaround maintenance of Nigeria’s refineries in Port Harcourt, Kaduna, and Warri.

The Economic and Financial Crimes Commission (EFCC) has detained Aminu Tambuwal, former Sokoto State governor over alleged illegal cash withdrawals totaling N189 billion.

Civil Servants Built Estates with Stolen Funds — EFCC Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, has revealed that many abandoned estates in the Federal Capital Territory (FCT) were built by civil servants using stolen public funds. Olukoyede spoke in Abuja on...

Purported Resignation: Who are after NNPC Boss Bashir Ojulari? A cloud of uncertainty hangs over the Nigerian National Petroleum Company Limited (NNPCL) following conflicting reports about the status of its recently appointed Group Chief Executive Officer (GCEO), Bayo Ojulari. While some claim he has resigned,...

Currency traders have attributed the recent performance of the naira and the relative stability of the foreign exchange (forex) market to the excess dollar supply.

Celebration or Crime? When Culture Clashes with Crucial Currency Control, by Rahma Olamide Oladosu   In Nigeria, no celebration is quite complete without the familiar flutter of naira notes cascading through the air. It is an unmistakable expression of joy, generosity, and cultural pride. From weddings...