Anti-corruption and elections / EFCC

EFCC Arraigns Woman for Alleged Illegal Capital Market Operation in Lagos

The Lagos Zonal Directorate 1 of the Economic and Financial Crimes Commission, EFCC, on Wednesday, May 28, 2025, arraigned one Oluwaseyi Hevleen Johnson before Justice D.I. Dipeolu of the Federal High Court sitting in Ikoyi, Lagos. Johnson alongside her company, XY Connects Global Investments Limited, is facing a two-count charge bordering on operating collective investment schemes without a licence either from the Central Bank of Nigeria, CBN, or the Securities and Securities and Exchange Commission, SEC. One of the counts reads: "That you, OLUWASEYI HEVLEEN JOHNSON and XYCONNECTS GLOBAL INVE…