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EFCC Arrests 792 Suspects In Investment, Crypto Fraud Crackdown

The Economic and Financial Crimes Commission (EFCC) has announced the arrest of 792 suspects linked to investment and cryptocurrency-related fraud.

The Commission’s Chairman, Ola Olukoyede, represented by the Director of Public Affairs, Wilson Uwujaren, announced this on Thursday in Abuja during a press briefing to commemorate his second anniversary in office.

Olukoyede said the syndicate included 192 foreign nationals who were arrested alongside their Nigerian counterparts and prosecuted for cyberterrorism and cryptocurrency fraud.

“Another notable arrest and prosecution was the case of 792 investment and cryptocurrency fraud suspects apprehended in a sting operation in Lagos in December 2024. The syndicate included 192 foreigners, who have since been prosecuted for cyber-terrorism and cryptocurrency fraud and deported,” he stated.

He stressed that the development sends a strong message that Nigeria will not serve as a haven for international cybercriminals.

“This development conveys the message that Nigeria will not tolerate foreigners turning it into a safe haven for cybercrimes,” he added.

According to data released by the EFCC, the agency received 19,318 petitions, carried out 29,240 investigations, filed 10,525 cases in court, and secured 7,503 convictions between October 2023 and September 2025.

Olukoyede noted that these figures reflect the commission’s intensified focus on complex financial crimes, including cyberfraud, investment scams, and money laundering.

The EFCC chairman also revealed that the Commission secured the forfeiture of 1,502 real estate assets in two years, comprising 402 in 2023, 975 in 2024, and 125 so far in 2025.

He highlighted two major forfeited properties: 753 duplex units in Lokongoma, Abuja, and Nok University, which has since been renamed Federal University of Applied Sciences, Kachia, Kaduna State.

“The total forfeited real estate assets in two years is 1,502 properties, comprising 402 in 2023, 975 in 2024, and 125 so far this year. The recovered property includes two notable landmarks: the final forfeiture of 753 units of duplexes in Lokogoma, Abuja, and the forfeiture of Nok University, now Federal University of Applied Sciences, Kachia, Kaduna State,“ he said.

Olukoyede further disclosed that the commission recovered ₦566.3 billion and several foreign currencies within the two years.

“Under my watch, the Commission recovered ₦566,319,820,343.40, $411,566,192.32, £71,306.25, €182,877.10, CAD $5,510.00, AUD $740.00, ¥89,859.00, ₹1,300.00, CFA 8,381,375.00, AED 70.00, SAR 310,265.00, GH₵ 225.00, R 50.00 and ₩73,000.00,” he said.

He stressed that the EFCC remains committed to combating cyber-enabled crimes and recovering stolen assets to strengthen public trust and restore integrity to Nigeria’s financial system.

Over the past three years, Nigeria has witnessed a surge in investment and cryptocurrency-related fraud, with victims losing billions of naira to online trading schemes and digital asset scams.

Many of these schemes, often disguised as legitimate investment platforms, promise unrealistic returns and leverage social media to attract unsuspecting Nigerians.

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Entertainment News

Regina Daniels Missing? – No one knows her whereabouts, her children are looking for her – Kemi Olunloyo

Popular journalist Dr Kemi Olunloyo has caused a stir online after making new claims about Nollywood actress Regina Daniels during a live session on social media.

Olunloyo alleged that she had communicated with the actress’s husband, Ned Nwoko, and suggested that what people see online is “only 10 percent” of the real situation.

Olunloyo Raises Concern Over Daniels’ Wellbeing

“I’ve spoken to Ned today and I’m reading his chat right here. What is going on with Regina on social media is even 10% of what’s going on,” she stated during the session.

 

She further alleged that Regina Daniels had declined to seek professional help despite growing concerns about her health.

“She doesn’t think she has a drug problem and that’s where the problem starts. That was how it started with Whitney and many celebrities that are dead today,” Olunloyo added.

Actress Reportedly Missing for Days

Continuing, Olunloyo claimed that the actress had been unreachable for several days. “The children can’t find her. It’s three days now, they don’t know where she is. They are with the nannies,” she said.

 

She went on to allege that Daniels had already lost temporary custody of her children in the United States.

According to her, “Because she has a husband and nannies, they’re probably with them. But she won’t be able to have custody of those children.”

The journalist expressed concern that the actress “could harm herself” if not found soon.

Public Reaction and Silence from Regina Daniels

Her remarks have sparked widespread debate online, with many Nigerians urging caution and fact-checking before spreading unverified information.

As of press time, neither Regina Daniels nor her representatives have addressed Olunloyo’s allegations, and no official statement has been issued by authorities.

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Niger Tanker Explosion: No Nigerian Should Die Trying To Live – Peter Obi

Former Labour Party presidential candidate in the 2023 general election, Peter Obi, has stated that no Nigerian should lose their life while struggling to survive.

Obi was reacting to a tanker explosion that claimed many lives in Niger State, in a post on his verified X handle on Wednesday.

Recall that At least 30 people allegedly lost their lives and around 40 sustained various degrees of injuries in the explosion that occurred Tuesday morning in Essan and Badeggi communities.

Obi said, “I just read the report of yet another mishap in Niger State yesterday, where no fewer than 30 people reportedly lost their lives and about 40 others sustained varying degrees of injury in a tragic tanker explosion that occurred along the Bida–Agaie Road in Katcha Local Government Area of the state.

“I extend my deepest condolences to the families who lost loved ones, to the affected communities, and to the government of Niger State. It is both sad and painful that poverty continues to drive our people into situations where they must dangerously risk their lives to survive. Even more heartbreaking is that tragedies like this occur almost daily across our nation.

“The loss of Nigerian lives has become so frequent that it is often met with silence and indifference from those in authority. We cannot continue this way. I appeal once again that we, the leaders, must show greater empathy, compassion, and a deep sense of responsibility.

“We must remain committed to building a nation that truly values its people—where every life is treated with dignity. These recurring tragedies should awaken us to our collective responsibility to build a Nigeria where no one has to die simply trying to live.

“May the souls of all who lost their lives rest in peace, and may their families find comfort and strength,” he wrote.

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Entertainment News

DJ Cuppy Reflects On ‘Tough Reality Check’ After Temi Otedola’s Lavish Wedding

Nigerian disc jockey and billionaire heiress Florence Otedola, popularly known as DJ Cuppy, has reflected on her return to London after attending her sister Temi Otedola’s wedding to Afrobeats singer Mr Eazi.

In a video circulating online, DJ Cuppy spoke about the challenges of transitioning back to normal life after the excitement of her sister’s wedding.

“So I’m back in London. It has been a tough reality check, going back to normal life from Temi’s wedding, take me back to Iceland,” she said.

DJ Cuppy’s comment follows the recent wedding ceremony of her younger sister, Temi Otedola, and Mr Eazi.

The event took place across three countries, including Monaco, Dubai, and Iceland.

The white wedding, which took place in Iceland, featured a performance by American singer John Legend and was published in Vogue magazine.

Video:

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Entertainment News

Davido Appointed Chairman Of Osun Sports Trust Fund

David Adeleke, the Nigerian music star, who is popularly known as Davido, has been named Chairman of the Osun State Sports Trust Fund.

The appointment was announced in a statement issued by the Osun State Government on Wednesday, October 22, 2025, as part of efforts to reposition and revitalise the state’s sports sector.

According to the statement, Davido’s new role is aimed at mobilising resources to drive the development and modernisation of sports facilities across Osun State.

The government emphasised that the move reflects Governor Ademola Adeleke’s commitment to improving sports infrastructure and creating opportunities for youth engagement.

Confirming the appointment, Deputy Governor Kola Adewusi, who also serves as Commissioner for Sports, revealed that the award-winning singer was excited about the role and immediately accepted the offer.

“The ongoing rehabilitation of the Osogbo Township Stadium to meet Olympic standards will be completed in the shortest possible time. We are also finalising plans to establish the Osun State Sports Commission, which will serve as the central body for sports development and policy implementation,”Adewusi said.

The deputy governor further explained that the newly introduced Sports Trust Fund, chaired by Davido, would attract investments and support from sports enthusiasts and philanthropists within and outside the state to ensure sustainable sports financing.

“Davido’s involvement is expected to attract substantial funds that will significantly impact the growth of sports in Osun,” Adewusi added.

Governor Adeleke’s administration reiterated its pledge to make sports a major pillar of youth development and community engagement in the state.

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Entertainment News

Bella Shmurda Laments Rising Cost of Music Promotion

Nigerian singer, Abiola Ahmed Akinbiyi aka Bella Shmurda has lamented over the rising cost of music promotion.
According to him, this has made a lot of artists sceptical about releasing new music, especially albums.
Speaking in a recent interview with Naija FM Lagos, the ‘Cash App’ crooner explained that shooting a music video is now very expensive, with the lowest rate being N20 million.
He stated many artists cannot afford music promotion fees, especially for albums.
He said, “To release an album, you need a huge budget, unlike singles. Because for albums, you’re promoting 10 to 14 songs all at once. It’s a lot.
 
“Promoting songs on the radio, shooting videos for five, six songs, is a lot. These days, the least you can spend on a music video is N20 million. So, how many artists can afford to shooting five videos?”
Watch Below

Here

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Lagos Fire Service Reveals Cause Of Inferno At Alaba International Market

The Lagos State Fire and Rescue Service has identified a power surge and negligence as the causes of the fire that destroyed part of the Alaba International Market.

In a statement, the agency, however, said no casualties or injuries were recorded from the incident.

It said that it received a distress call at 7:18 p.m. reporting a fire outbreak at 155 Olojo Drive, opposite Tantalizers, Alaba International Market, in the Ojo Local Government Area of the state.

The agency further explained that upon receiving the alert, the Ojo and Ijegun-Egba fire stations were immediately deployed to the scene.

It disclosed that the incident involved multiple lock-up shops of varying sizes situated within a two-storey building occupying approximately 648 square meters, within a larger market premises spanning about five hectares.

“Preliminary investigations revealed that the fire originated from the topmost floor of the building shortly after electricity was restored, due to negligence on the part of some shop owners.

“Access to the affected areas proved challenging as most shops were closed for the day, necessitating forced entry to gain access and suppress the fire, a delay that contributed to the spread of the flames, which was, however, confined to the floor,” a statement partly read.

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Entertainment News

How I Used Car I Won From Talent Show For Transport Business – Nigerian Rapper, Zlatan Reveals (Video)

Temidayo Omoniyi, the Nigerian rapper popularly known as Zlatan Ibile, has reflected on his struggles as an upcoming artist during his time at Moshood Abiola Polytechnic in Abeokuta, Ogun State.

The Zanku crooner shared that he was still struggling financially even after winning the Airtel One Mic Talent show in 2014.

Zlatan revealed that he was using the car he won from the competition for transport business at night to support his education and feeding.

“Back in school, when there was no money for food, I would d just wait till night and use the car I won from the Airtel One Mic Talent show to run cab from Abeokuta to Shagamu for ₦350,” he recalled in an interview with popular streamer, Shank Comics.

Zlatan Ibile won the Airtel One Mic Talent show in 2014 at the age of 19.

However, his breakthrough in the music industry came when he featured ace rapper Olamide on his hit song, ‘My Body’ in 2017.

The Zanku Music boss has described the collaboration in a previous interview as the turning point of his career.

He credited Olamide for giving him a “life-changing” verse.

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Entertainment News

It’s Better Than It Has Ever Been – Blaqbonez Speaks On Relationship With His Dad

Popular Nigerian rapper, Emeka Akumefule, known as Blaqbonez has revealed that he’s enjoying the best relationship with his father right now.
He stated this when he appeared on a recent podcast.
Recall that Blaqbonez recently met his German step-siblings for the first time after reuniting with his dad in January 2025, barely a year after revealing his father had abandoned both him and his mother after his birth and relocated to Germany.
Appearing in a recent episode of The Perspective podcast, the rapper disclosed that his relationship with his dad has improved.
 
“My relationship with my dad is getting stronger and stronger. We are talking more than ever before. It is better than it has ever been,” he said.
Responding to a question from the host, Blaqbonez clarified that his dad would still have reunited with him even if he wasn’t famous.
He emphasised that his dad doesn’t live in Nigeria and doesn’t really realise how big of a star he is.
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Sport News

Osimhen To Battle Salah, Hakimi For 2025 CAF Player Of The Year

The Nigerian star footballer, Victor Osimhen has been nominated for the 2025 CAF Men’s Player of the Year award.

The Galatasaray striker won the prestigious award in 2023.

Osimhen will battle nine others players for the individual accolade.

The other nominees are Mohamed Salah, Achraf Hakimi, Serhou Guirassy, Fiston Mayele, Frank Auguissa and Dennis Bounaga.

Other players in contention for the award are Pape Matar Sarr, Ilman Ndiaye and Ousmanne Lamloui.

Atalanta winger, Nigeria’s Ademola Lookman, won the award last year.

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