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Alleged $12m fraud: My BDC coy duly registered with CAC, EFCC’s witness tells court

By Emmanuel Chisom 18/07/2025 0

ABUJA (SUNDIATA POST)- Suleiman Ciroma, the Economic and Financial Crimes Commission (EFCC)’s witness, on Friday, said his company, Funnacle BDC Ltd, was duly registered with Corporate Affairs Commission (CAC). Ciroma, the 1st prosecution witness (PW-1) in the ongoing trial of Halima Buba, the Managing Director, SunTrust Bank, and her co-defendant, told Justice Emeka Nwite Continue Reading

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Alleged $1bn fraud: Court rejects detained CBEX operators’ bail plea 

By Emmanuel Chisom 30/06/2025 0

ABUJA (SUNDIATA POST)- The Federal High Court in Abuja on Monday, declined to grant the bail application filed by three detained promoters of Crypto Bridge Exchange (CBEX) in the alleged over one billion dollars fraud. Justice Emeka Nwite, in a ruling, held it was obvious that from the totality of the affidavit evidence of both […]Continue Reading

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Alleged $6bn Mambilla power fraud: EFCC tenders Obasanjo’s statement

By Emmanuel Chisom 16/06/2025 0

ABUJA- The Economic and Financial Crimes Commission (EFCC) in an Abuja high court on Monday tendered the statement made to it by former President Olusegun Obasanjo in the trial of Dr Olu Agunloye. Agunloye,  a former Minister of Power and Steel is charged infractions in the award of contract for Mambilla Hydropower Station in Taraba […]Continue Reading

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Alleged $1bn investment fraud: EFCC files charge against 2 detained CBEX promoters 

By Emmanuel Chisom 11/06/2025 0

ABUJA- The Economic and Financial Crimes Commission (EFCC) has filed a three-count charge against two of the detained promoters of Crypto Bridge Exchange (CBEX) over allegations bordering on investment fraud to the tune of over one billion dollars. The two, in the charge marked: FHC/ABJ/CR/216/2025 and filed by EFCC lawyer, Fadila Yusuf, are Avwerosuo Otorudo […]Continue Reading