[CLSTR]
< Back to situations

Monitor this situation.

[SITUATION] · [ACTIVE] · [CRIME]

2 clusters · 9 sources · 7 days · First seen · Last updated

EFCC fraud prosecutions in Nigeria

Overview

The Economic and Financial Crimes Commission (EFCC) has conducted several high-value fraud arraignments in Nigeria.

In Abuja, Mahmud A. Abubakar was arraigned before the Federal Capital Territory High Court on charges involving the alleged retention and transfer of N1.09 billion in criminal proceeds. Abubakar pleaded not guilty to the two-count charge.

In Lagos, Osaretin Osagiede faced the Lagos State High Court on a three-count charge involving N700 million. The prosecution alleges that Osagiede and an accomplice bypassed two-factor authentication to access bank data and received stolen funds belonging to Best Start Micro Finance Bank.

Entities

Economic and Financial Crimes Commission · Access Bank · Mahmud A. Abubakar · Best Start Micro Finance Bank · Abuja

Timeline

  1. 4 days ago

    [CRIME] 2 sources
    EFCC arraigns suspect for alleged N700m fraud in Lagos

    The EFCC has arraigned Osaretin Osagiede in a Lagos court over an alleged N700 million fraud involving unauthorized access to bank data and receiving stolen property.

  2. 11 days ago

    [CRIME] 8 sources
    EFCC arraigns Mahmud A. Abubakar for alleged N1.09bn fraud in Abuja

    The EFCC has arraigned Mahmud A. Abubakar in Abuja on two counts involving the alleged retention and transfer of over N1.09 billion in criminal proceeds.

Sources

blueprint.ng · citybusinessnews.com · cknnigeria.com · fellowpress.com · knowledgesource.com · nationalaccordnewspaper.com · newtelegraphng.com · pointblanknews.com · punchng.com