LAGOS FEBRUARY 14TH (NEWSRANGERS)-What was anticipated to be the best of Yuletides soon became a gloomy one in 2016, as hopes of millions of Nigerians, including celebrities’ dreams of earning returns on investments, were shattered after Mavrodi Mundial Moneybox (MMM), by far the largest Ponzi scheme ever recorded in the country, announced that it was…
LAGOS JANUARY 25TH (NEWSRANGERS)-The Kano Zonal Command of the Economic and Financial Crimes Commission, EFCC, on January 24, 2022, secured the conviction of a serial disabled fraudster, Gabriel Chimezie, before Justice M.T.M Aliyu of the Kaduna State High Court on a four-count charge of obtaining by false pretense. A statement released by Wilson Uwujaren, spokesperson…
LAGOS JANUARY 22ND (NEWSRANGERS)-The Economic and Financial Crimes Commission, Friday arraigned a former director of Bank PHB (now Keystone), Funmi Adenmosun, before a Federal high court, sitting in Lagos for alleged N26.6 billion money laundering. Adenmosun was arraigned alongside his company, Home Trust Savings and Loan limited and a private company, Rare Properties and Development…
LAGOS JANUARY 19TH (NEWSRANGERS)-The Economic and Financial Crimes Commission (EFCC) has arraigned a Nigerian Air Force man for allegedly spending N20 million that was inadvertently credited to his account. The serving airman, Haruna Samuel, a lance corporal, of the Nigeria Air Force Base, Kaduna, was arraigned on Tuesday before the Kaduna State High Court in…
LAGOS JANUARY 12TH (NEWSRANGERS)-Former Abia State Governor, Orji Uzor Kalu, has filed an application at the Federal High Court in Abuja seeking for the Economic and Financial Crimes Commission (EFCC) to unfreeze his bank account. He is also seeking an order of the court to strike out his name and that of his company, Slok…
LAGOS DECEMBER 30TH (NEWSRANGERS)-Linda Mabi-Praise, a self-proclaimed prophetess, was found guilty on Friday December 17th and sentenced to five years in prison for alleged N128 million fraud. The prophetess was convicted by Justice SO Solebo of the Ikeja Special Court after her indictment by the state command of the Economic and Financial Crimes Commission (EFCC)…
LAGOS DECEMBER 21ST (NEWSRANGERS)-Justice Sherifat Solebo of the Lagos Special Offences Court sitting in Ikeja has sentenced a self-acclaimed prophetess, Linda Mabi-Praise to five years imprisonment over a fraud of N128 million fraud. Mabi-Praise was sentenced after she was found guilty of the allegation brought against her by the Economic and Financial Crimes Commission (EFCC)….
LAGOS DECEMBER 15TH (NEWSRANGERS)-The Economic and Financial Crimes Commission, EFCC, have arrested members of a syndicate who specialize in counterfeiting foreign currencies, especially the dollar, for sale to unsuspecting members of the public. Acting on verified intelligence, the Commission in a joint operation with operatives of the National Drug Law Enforcement Agency, NDLEA, arrested four…