Two Nigerians Face Century-Long Prison Terms for $100m Tax Fraud

Two Nigerians Face Century-Long Prison Terms for $100m Tax Fraud

Two Nigerian nationals, Akinade Raheem and Abayomi Eletu, face up to 50 years each in prison for orchestrating a sophisticated $100 million tax fraud scheme against the United States Internal Revenue Service. Operating between 2018 and 2023, the defendants allegedly hijacked the identities of both tax professionals and private citizens to file over 300 fraudulent…

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Shrines, Spirits and a Fake Fortune: EFCC Moves to Prosecute Five Herbalists Over Alleged $3m Currency Scam

Five self-styled herbalists operating shrines in Lagos and Osun states are set to face trial after operatives of the Economic and Financial Crimes Commission (EFCC) uncovered what the agency described as a sophisticated fraud involving fake foreign currency valued at $3.4 million and €280,000. The arrests followed intelligence reports and surveillance linking the suspects to…

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