Close Menu
    What's Hot
    XRP Sinks On Sustained Selloffs, ETF Outflows

    XRP Sinks on Sustained Selloffs, ETF Outflows

    May 27, 2026
    Bitcoin Sinks Amidst NY Lawsuit, Institutional Sell-offs

    Bitcoin Sinks Amidst NY Lawsuit, Institutional Sell-offs

    May 27, 2026
    Nigeria, Egypt, South Africa Dominate Africa’s Equity Markets — AfDB

    Nigeria, Egypt, South Africa Dominate Africa’s Equity Markets — AfDB

    May 27, 2026
    Facebook X (Twitter) Instagram
    • Home
    • About Us
    Facebook X (Twitter) Instagram WhatsApp
    MarketForces AfricaMarketForces Africa
    Subscribe
    Wednesday, May 27
    • Home
    • News
    • Analysis
    • Economy
    • Mobile Banking
    • Entrepreneurship
    MarketForces AfricaMarketForces Africa
    MarketForces Africa » MarketNews » $1m Fraud: EFCC Nabs Suspected Syndicate Impersonating Olukoyede
    MarketNews

    $1m Fraud: EFCC Nabs Suspected Syndicate Impersonating Olukoyede

    Julius AlagbeBy Julius AlagbeAugust 29, 2024Updated:August 29, 2024No Comments1 Min Read
    Share Facebook Twitter Pinterest Copy Link LinkedIn Tumblr Email VKontakte Telegram
    $1m Fraud: EFCC Nabs Suspected Syndicate Impersonating Olukoyede
    Share
    Facebook Twitter Pinterest Email Copy Link

    $1m Fraud: EFCC Nabs Suspected Syndicate Impersonating Olukoyede

    The Economic and Financial Crimes Commission (EFCC) has apprehended a four-man syndicate for allegedly impersonating and blackmailing its Chairman, Mr Ola Olukoyede, in a one million dollars fraud.

    The EFCC Spokesperson, Dele Oyewale, said this in a statement on Thursday in Abuja. He said the suspects were arrested on Wednesday at Gimbiya Street, Garki, and Apo Legislative Quarters, Abuja.

    Oyewale stated that the alleged fraudsters impersonated the EFCC Chairman and contacted a former Managing Director of the Nigeria Port Authority (NPA), Mr Mohammed Bello-Koko, for a deal.

    According to Oyewale, they claimed that Bello-Koko was implicated in fictitious EFCC investigative activities during his tenure as NPA MD.

    “The impersonators allegedly demanded one million dollars from Bello-Koko, threatening arrest and prosecution if he failed to comply.

    “Upon receiving intelligence about the impersonators, EFCC operatives were deployed to collaborate with the alleged fraudsters, leading to their successful arrest.

    “The suspects are currently in EFCC custody and will be charged to court once investigations are concluded,” he said. #$1m Fraud: EFCC Nabs Suspected Syndicate Impersonating Olukoyede Interest Rate on Nigerian Treasury Bill Spikes to 21.45%

    EFCC Fraud
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Telegram Copy Link
    Julius Alagbe
    • Website
    • LinkedIn

    Julius Alagbe is a senior financial journalist and Editor at MarketForces Africa with nearly two decades of experience in finance, accounting, and economics reporting.He is one of Nigeria's most prolific financial market reporters, covering capital markets, monetary policy, corporate earnings, banking, telecoms, and macroeconomic developments across Africa.Julius has built a strong footprint reporting on Nigeria's leading corporates and financial services sector, including coverage of the Nigerian Exchange Group, Central Bank of Nigeria monetary operations, MTN Nigeria, GTCO, and major investment banking transactions.He regularly monitors the CBN’s open market operations, interbank FX markets, and equity market movements, providing readers with real-time intelligence on Nigeria’s financial landscape.His reporting draws on direct access to institutional research from firms including Moody’s Ratings, CardinalStone Securities, Fitch, and other leading African investment houses.Julius brings analytical depth and editorial rigour to every story, making complex financial data accessible to professionals, investors, and policymakers across Africa.Julius Alagbe is based in Lagos, Nigeria.

    Related Posts

    XRP Sinks On Sustained Selloffs, ETF Outflows
    News

    XRP Sinks on Sustained Selloffs, ETF Outflows

    May 27, 2026
    Bitcoin Sinks Amidst NY Lawsuit, Institutional Sell-offs
    News

    Bitcoin Sinks Amidst NY Lawsuit, Institutional Sell-offs

    May 27, 2026
    Nigeria, Egypt, South Africa Dominate Africa’s Equity Markets — AfDB
    News

    Nigeria, Egypt, South Africa Dominate Africa’s Equity Markets — AfDB

    May 27, 2026
    Oil Prices Dip Amidst Uncertainties in US-Iran Agreement
    News

    Oil Prices Dip Amidst Uncertainties in US-Iran Agreement

    May 27, 2026
    Tax Reforms ACCI Urges 2-Year Grace Period on Tax Penalties
    News

    Tax Reforms: ACCI Urges 2-Year Grace Period on Tax Penalties

    May 27, 2026
    Dangote Refinery Ends Nigeria's Era of Fuel Import Dependence, Boosts GDP, FX Earnings — EIU
    News

    Dangote Refinery Ends Nigeria’s Era of Fuel Import Dependence, Boosts GDP, FX Earnings — EIU

    May 27, 2026
    Add A Comment

    Comments are closed.

    Editors Picks
    XRP Sinks On Sustained Selloffs, ETF Outflows

    XRP Sinks on Sustained Selloffs, ETF Outflows

    May 27, 2026
    Bitcoin Sinks Amidst NY Lawsuit, Institutional Sell-offs

    Bitcoin Sinks Amidst NY Lawsuit, Institutional Sell-offs

    May 27, 2026
    Nigeria, Egypt, South Africa Dominate Africa’s Equity Markets — AfDB

    Nigeria, Egypt, South Africa Dominate Africa’s Equity Markets — AfDB

    May 27, 2026
    Oil Prices Dip Amidst Uncertainties in US-Iran Agreement

    Oil Prices Dip Amidst Uncertainties in US-Iran Agreement

    May 27, 2026
    Latest Posts
    XRP Sinks On Sustained Selloffs, ETF Outflows

    XRP Sinks on Sustained Selloffs, ETF Outflows

    May 27, 2026
    Bitcoin Sinks Amidst NY Lawsuit, Institutional Sell-offs

    Bitcoin Sinks Amidst NY Lawsuit, Institutional Sell-offs

    May 27, 2026
    Nigeria, Egypt, South Africa Dominate Africa’s Equity Markets — AfDB

    Nigeria, Egypt, South Africa Dominate Africa’s Equity Markets — AfDB

    May 27, 2026
    Oil Prices Dip Amidst Uncertainties in US-Iran Agreement

    Oil Prices Dip Amidst Uncertainties in US-Iran Agreement

    May 27, 2026
    Tax Reforms ACCI Urges 2-Year Grace Period on Tax Penalties

    Tax Reforms: ACCI Urges 2-Year Grace Period on Tax Penalties

    May 27, 2026

    Subscribe to News

    Get the latest sports news from NewsSite about world, sports and politics.

    About US
    About US

    MarketForces Africa is a financial information service provider with interest in media, training and research. The media platform provides information about markets, economies, and crypto, forex markets and investment ecosystem.

    Contact Us:
    Suite 4, Felicity Plaza, Freedom Estate Drive, Lagos-Ibadan Express Road, Magboro
    T: . 08076677707, 08052076440

    Facebook X (Twitter) Instagram Pinterest YouTube
    Latest Posts
    XRP Sinks On Sustained Selloffs, ETF Outflows

    XRP Sinks on Sustained Selloffs, ETF Outflows

    May 27, 2026
    Bitcoin Sinks Amidst NY Lawsuit, Institutional Sell-offs

    Bitcoin Sinks Amidst NY Lawsuit, Institutional Sell-offs

    May 27, 2026
    Nigeria, Egypt, South Africa Dominate Africa’s Equity Markets — AfDB

    Nigeria, Egypt, South Africa Dominate Africa’s Equity Markets — AfDB

    May 27, 2026

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    © 2026 Marketforces Africa
    • About
    • Contact us
    • Subscription Plans
    • My account

    Type above and press Enter to search. Press Esc to cancel.