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Day: June 16, 2025

Politicians Now Using Yahoo Boys For Money Laundering – EFCC

…Olukoyede Says Internet Fraudsters Now Aid PEPs, Involved in Kidnapping, Rituals The Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, has raised alarm over an emerging trend where politically-exposed persons (PEPs) in Nigeria now use internet fraudsters—popularly known as Yahoo Boys—for money laundering. Olukoyede made the revelation during a press briefing at…

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$12m Fraud: EFCC Arraigns SunTrust Bank MD, Halima Buba, ED, Others

The Economic and Financial Crimes Commission (EFCC) has arraigned the Managing Director of SunTrust Bank, Halima Buba, alongside the bank’s Executive Director and other top officials over an alleged $12 million fraud. The accused were brought before a Federal High Court in Lagos on Monday, facing multiple charges bordering on conspiracy, money laundering, and criminal…

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