•Asks NGOs, CSOs to respect financial transaction rules
The Economic and Financial Crimes Commission (EFCC) has warned Nigerians against what it described as any investment that promises returns that looks too good to be true.
“Though risk-taking is considered by some as the oxygen that drives investment decisions, the commission warns the public against taking unmitigated risk in desperation to earn a windfall.
“Investment in Bitcoin, for instance, is a high risk activity as the terrain is largely unregulated, and prone to fraud,” the anti-graft agency said.
EFCC spokesman, Wilson Uwujaren, who gave the warning in Abuja, said the commission was alarmed at the rate Nigerians send petitions to the anti-corruption agency on fraudulent investments that promise high return with little risks to investors.
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Internet fraud: EFCC arrests Instagram comedian Pankeeroy The Punch
Published 22 April 2021
The Economic and Financial Crimes Commission on Thursday announced that it arrested Instagram comedian and social media Influencer, Nwagbo Oliver Chidera, better known as Pankeeroy, for alleged internet fraud.
The anti-graft agency stated this in a statement titled, ‘EFCC Arrests Instagram Comedian for Alleged Internet Fraud in Lagos’.
“Operatives of the Lagos Zonal Office of the EFCC have arrested an Instagram comedian and social media Influencer, Nwagbo Oliver Chidera, A.K.A. Pankeeroy,” the statement partly read.
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Pankeeroy has over 500,000 followers on the social media application, Instagram. He is known for flaunting beautiful ladies, exotic and flashy cars, shoes, wears, houses and wristwatches on the application.
Janet Osemudiamen
The Independent Corrupt Practices and Other Related Offences Commission, ICPC, has sought increased synergy between the agency and the Economic and Financial Crimes Commission, EFCC, in fighting corruption.
Speaking on Friday, April 23, 2021, during a courtesy visit to the Lagos Zonal Office of the EFCC, Kabir Elelu, Lagos State Commissioner of the ICPC, commended the EFCC for championing the fight against corruption, while also calling for a more robust relationship between the two agencies.
Kabir emphasized the need for both agencies to work together so as to improve the existing relationship in the areas of intelligence sharing and referral of cases.