EFCC ARRAIGNS MAN FOR ALLEGED ₦55M FRAUD IN LAGOS. (PHOTO). #PRESS RELEASE.

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 EFCC Arraigns Man  for  Alleged ₦55m Fraud in Lagos The Lagos Zonal Directorate 1 of the Economic and Financial Crimes Commission, EFCC, on Wednesday, December 3, 2025 arraigned one Gabriel Celestine Nwawuzor, before Justice Daniel Osiagor of the Federal High Court in Ikoyi, Lagos for ₦55m fraud. Nwawuzor was arraigned alongside Moonlink Pharmaceuticals Limited, on a 3-count charge bordering on fraud and money laundering to the tune of N55,000,000 (Fifty Five Million Naira) One of the counts reads: "That you Gabriel Celestine Nwawuzor and Moonlink Pharmaceuticals Limited sometime in April, 2021, in Lagos, within the jurisdiction of this Honorable Court procured the account number 2170235882 domiciled in Zenith Bank to retain the sum of N55, 000, 000.00 ( Fifty Five Million Naira) which sum you knew forms part of the proceeds of your unlawful act and you thereby committed an offence contrary to Sections 21(a), 18(2)(d) of the of Money Laundering (Prevention and Prohibitio...
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"BURNA BOY IS NIGERIA'S RICHEST MUSICIAN, REMA IS OVER PRICED"- MUSIC EXECUTIVE PAULO OKOYE. (PHOTO).

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 “Burna Boy is Nigeria’s richest Musician, Rema Is Over Priced” – Music Executive Paulo Okoye


In a recent interview on Daddy Freeze’s podcast, a well-known music executive Paulo Okoye stated that Burna Boy, a Grammy Award winner, is Nigeria’s wealthiest musician.


According to Paulo Okoye, Burna Boy made $70 million to $80 million in 2023 alone.


During the podcast, Paulo described Burna Boy’s small team structure, stating that the artist’s direct support network consists of just his mother, sister, and a few close acquaintances.


He emphasized that, despite his enormous riches, Burna Boy is modest and avoids talking about his financial achievements.


In addition to commenting on Burna Boy’s financial status, Paulo Okoye also addressed rising star Rema, suggesting that the young artist has a tendency to overprice himself.

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