NIALS Commends Ola Olukoyede On Progress In Fight Against Corruption

NIALS commends Ola Olukoyede on progress in fight against corruption. The Director General of the Nigeria Institute of Advanced Legal Studies, NIALS, Professor Abdulqadir Ibrahim Abikan has applauded the Executive Chairman of the Economic and Financial Crimes Commission, Mr. Ola Olukoyede on his rising success in breaking the scourge of economic and financial crimes and other acts of corruption.

He gave the plaudits in Abuja on Tuesday March 18, 2025 when he led the management team of NIALS on a courtesy visit to Olukoyede at the Commission’s corporate headquarters.

According to him, the EFCC under the watch of Olukoyede is making impressive progress, with greater prospects on the horizon for Nigeria regarding the fight against corruption.

“We are very happy with what the EFCC is doing. The whole world is applauding the good work that EFCC is doing. And I’m very confident that with the success of EFCC and other relevant agencies, we’ll soon get to our destination as a country”, he said.

While noting that the visit to the Commission was for the exploration of collaborative areas of research and training, Abikan added that “NIALS is the foremost legal research Institute in the country, dedicated to training of lawyers, judges, even non-lawyers in different areas of law.”

He further stated that NIALS works in partnership with a number of agencies in terms of training and desires to bring the EFCC on board. “So, this is what I brought to the EFCC, for us to identify areas that we can collaborate.

We do training and I want to acknowledge that quite a number of EFCC staff have participated in our training before now”, he said.

While acknowledging an existing relationship between the agencies of the government, he disclosed that “On many occasions we have invited staffers of EFCC when we are doing training that has to do with forensic analysis and evidence gathering. So, we want to acknowledge and appreciate EFCC for the expertise being provided to us in this area.”

EFCC

In his response, Olukoyede expressed joy at the visit and assured the NIALS team of the Commission’s willingness for partnership and collaboration. “On our part we are open to collaboration. We are open to partnership and rest assured that you will have a partner in us.

We’re willing to build on our existing relationship with you particularly in the areas of investigation and prosecution. And also in the area of the review of our laws, particularly the EFCC Act and other financial crimes laws in Nigeria.

We are not just confined to our own mandate. We are also a coordinating agency for all financial crime laws in Nigeria.

This would mark another era of a very cordial and beneficial relationship between the Institute and the EFCC,” he said.

EFCC Arraigns Chinese For Alleged Cyber Internet Fraud, Terrorism

EFCC arraigns Chinese for alleged cyber internet fraud, terrorism. The Lagos Zonal Directorate of the Economic and Financial Crimes Commission, EFCC, has arraigned one Shi Yang Xiong, a Chinese and a company, Genting International Co. Ltd., before Justice D.I.Dipeolu of the Federal High Court sitting in Ikoyi, Lagos.

Xiong is a member of the syndicate of 792 alleged cryptocurrency investment and romance fraud suspects arrested on December 19, 2024 in Lagos during a surprise operation tagged “Eagle Flush Operation” by operatives of the EFCC.

The suspect was arraigned on a one-count charge bordering on alleged cybercrimes and cyber-terrorism, contrary to Section 18 of the Cybercrimes (Prohibition, Prevention, Etc.) Act, 2015 (as Amended, 2024) and Section 2(3) of the Terrorism (Prevention and Prohibition) Act, 2022.

The charge reads: “That you, Shi Yang Xiong and Genting International Company Limited, sometime in December 2024 at Lagos, Nigeria, within the jurisdiction of this Honourable Court, willfully caused to be accessed, computer systems used for the purpose of destabilizing and destroying the economy and social structure of Nigeria and you thereby committed an offence contrary to and punishable under Section 18 of the Cybercrimes (Prohibition, Prevention, Etc.) Act, 2015 (as Amended, 2024) and Section 2(3) of the Terrorism (Prevention and Prohibition) Act, 2022.”

EFCC Arraigns Chinese

He pleaded “not guilty” to the offence when it was read to him.

In view of his plea, prosecution M.K. Bashir, prayed the court for a trial date and the defendant’s remand in the correctional centre.

Justice Dipeolu has commenced trial in the matter.

Ghana President John Mahama’s X Account Hacked, Used To Promote Crypto Scam

Ghana president John Mahama’s X account hacked, used to promote crypto scam. Ghana’s President John Mahama’s verified X account was hacked for 48 hours and used to promote a fraudulent cryptocurrency scheme, falsely claiming it was an initiative led by him.

The hackers urged followers to invest in “Solanafrica,” presenting it as a revolutionary financial project. Despite attempts to remove the posts, crypto-related content continued appearing on the account.

Mahama’s spokesperson confirmed the breach and assured the public that control had been regained. The incident highlights rising crypto scams in Africa, where weak regulations make digital assets vulnerable to fraud.

President John Mahama

Cybersecurity experts warn that high-profile figures must adopt stricter security measures to prevent such breaches.

Similar hacks have targeted public figures, including South African politician Julius Malema and Nigerian businessman Tony Elumelu.

Authorities have taken measures to prevent further misuse of Mahama’s account.