Crime
Mayfresh MD, Catholic Sisters In EFCC Net Over Share Fraud
The Economic and Financial Crimes Commission (EFCC) has taken into custody the Managing Director of Mayfresh Mortgage Bank, Mark Egbegolu, and questioned two Catholic Sisters of Jesus the Saviour (SJS) over allegations of illegal share removal and document falsification at the Corporate Affairs Commission (CAC).
Investigations revealed that Reverend Sisters Annette Ezekwem and Gertrude Okafor were invited for questioning on Wednesday, August 13, and granted bail to Reverend Father Emmanuel Edeh the following day.
Egbegolu, who was arrested on Friday, August 8, is still being held by the EFCC.
READ MORE: Lagos Police Nab Educational Consultancy Staff Over Fake Visa Fraud
Sources familiar with the case said the arrests are connected to claims that shares belonging to the late Chief Steven Edeh, Arc. John Paul, and Mrs. Maria Edeh-Omego were unlawfully erased from CAC records, with the alleged involvement of some CAC personnel.
The matter originated from a petition submitted on May 2, 2025, by the affected shareholders through their legal counsel, Mr. Olu Omotayo.
The petition alleged that the accused persons tampered with shareholding records in breach of Section 175(3) of the Companies and Allied Matters Act (CAMA) 2020, which regulates share transfers in Nigeria.
It stressed that such acts undermine investor confidence and national economic growth.
The petitioners maintained that “even a company’s resolution cannot strip shareholders of their ownership, as shares remain the personal property of an individual until lawfully transferred.”
They further urged the EFCC to treat the matter purely as a criminal case involving the alleged removal of ownership records, and not as a civil dispute over the bank’s internal administration.
An earlier petition, dated November 5, 2024, had been sent to the National Security Adviser, who subsequently referred it to the EFCC.
The complainants alleged that when they met with investigators in February 2025, the commission diverted its focus to bank management issues rather than the alleged forgery.
They claimed this delay and lack of direct action caused emotional strain that contributed to the death of 75-year-old Chief Edeh in March 2025.
Confirming the development, EFCC spokesperson and Deputy Commander, Dele Oyewale, said in a phone interview:
“Yes, the commission arrested them, and an investigation is going on.”
The EFCC is continuing its inquiry and may make additional arrests as it works to unravel the alleged manipulation of Mayfresh Mortgage Bank’s shareholding records.
Police Rescue Three Kidnap Victims in Taraba After Sustained Pressure
The Nigeria Police Force has disclosed the rescue of three kidnapped victims in Taraba State following sustained pressure mounted by its rescue teams.
The victims were identified as Otuwe Torhumba, 37; Kenneth Nyiutse, 35; and Michael Emmanuel, 27.
The Force made the disclosure on Saturday, October 3, 2026, in its 24-hour operational update covering security operations recorded across the country on October 2.
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According to the Police, “Due to sustained pressure by Police rescue teams, three of five kidnapped victims — Otuwe Torhumba (37), Kenneth Nyiutse (35) and Michael Emmanuel (27) — were rescued unharmed and reunited with their families.”
The Police said the three victims were rescued unharmed and subsequently reunited with their families.
The Force did not provide further details on the circumstances surrounding the abduction or the whereabouts of the remaining two victims in the operational summary.
The case is currently being investigated by the State Criminal Investigation Department (SCID), Jalingo.
The rescue was among several operational successes recorded by the Nigeria Police Force during the reporting period.
The Nigeria Police Force has disclosed the rescue of an 86-year-old man and his son after they were allegedly detained by suspected members of the Axe Men confraternity in Cross River State.
The victims, identified as Dominic Columbus Udoh, 86, and his son, Emmanuel Columbus Udoh, 40, were rescued by Police operatives on Friday, October 2, 2026.
The Police made the disclosure on Saturday, October 3, in its 24-hour operational update detailing security successes recorded across the country.
SEE ALSO: Benue: Police Repel Bandit Ambush, Recover Locally Fabricated Gun
According to the Force, Police operatives were mobilised to the scene after receiving information that suspected Axe Men confraternity cultists had unlawfully detained the two men.
The Police said the suspected cultists fled from the scene when operatives arrived.
The Force stated that officers, with assistance from neighbours, “forced open the locked apartment,” where the two victims were found.
According to the Police, both victims had sustained facial and chest injuries.
They were subsequently rescued and conveyed to the Police Hospital for medical treatment.
The Police said the incident is currently being investigated by the State Criminal Investigation Department (SCID), Calabar.
The Nigeria Police Force has disclosed that personnel of Operation Zenda Joint Task Force (JTF) repelled an ambush by suspected bandits along the Amaafu-Abaji Road in Benue State.
The incident occurred on Friday, October 2, 2026, during a routine patrol by the security personnel along the road.
The Police made the disclosure on Saturday, in its 24-hour operational update detailing security successes recorded across different states.
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According to the Police, “Personnel of Operation Zenda JTF on routine patrol along Amaafu-Abaji Road successfully repelled an ambush by bandits, neutralizing one suspect and recovering his locally fabricated gun.”
The Police added that other members of the group fled into the surrounding bushes following the encounter.
It further stated that “No Police casualty was recorded” during the operation.
The recovered firearm was subsequently taken as part of the evidence from the operation as investigations continue.
The Police said the case has been placed under investigation by the State Criminal Investigation Department (SCID), Makurdi.
The Police Force continues to urge members of the public to provide security agencies with timely and useful information that can assist ongoing operations against criminal elements.
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