Wednesday, April 24, 2019

Tag "EFCC"

    EFCC arrests ponzi scheme operator who ‘defrauded Nigerians of N7bn’

EFCC arrests ponzi scheme operator who ‘defrauded Nigerians of N7bn’

The Economic and Financial Crimes Commission (EFCC) has arrested Babagana Dalori, chief executive officer of Galaxy Transportation and Construction Services Limited, for allegedly defrauding Nigerians through a ponzi scheme.The commission said 27,400 Nigerians lost N7 billion through fake promises of high returns on their investment in Dalori's companies.In a statement, Tony Orilade, EFCC spokesman, said Dalori was discovered to have [...]

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    Courts grants Ofili-Ajumogobia N10m bail but seizes her passport

Courts grants Ofili-Ajumogobia N10m bail but seizes her passport

A federal high court in Lagos has granted a N10 million bail to Rita Ofili-Ajumogobia, a former judge.Ofili-Ajumogobia was re-arraigned before Rilwan Aikawa, her ex-colleague, where she pleaded not guilty to 18 counts bothering on unlawful enrichment, taking property unlawfully, corruption, forgery and giving false information.The former judge was first arraigned by the Economic and Financial Crimes Commission (EFCC) before an Ikeja [...]

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    N5bn libel suit: DSS report on Magu inadmissible, court rules

N5bn libel suit: DSS report on Magu inadmissible, court rules

A high court sitting in Ikeja has declared as inadmissible, a copy of the Department of State Services (DSS) report to the Nigerian senate on Ibrahim Magu, acting chairman of the Economic and Financial Crimes Commission (EFCC).Doris Okuwobi, the presiding judge, gave the a ruling on Thursday during the ongoing N5 billion libel suit filed by Magu against the publishers [...]

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    Court orders release of NBA president’s passport

Court orders release of NBA president’s passport

A federal high court in Lagos has directed that Paul Usoro, president of the Nigerian Bar Association (NBA), be given his passport to enable him to freely travel abroad for his foreign engagements.Usoro, who is being tried by the Economic and Financial Crimes Commission (EFCC) over an alleged diversion of N1.4 billion belonging to Akwa Ibom state, had submitted his passport [...]

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    EFCC: Why Ofili-Ajumogobia was re-arrested — shortly after court set her free

EFCC: Why Ofili-Ajumogobia was re-arrested — shortly after court set her free

The Economic and Financial Crimes Commission (EFCC) says it re-arrested Rita Ofili-Ajumogobia, a former judge of the federal high court, in order to file a fresh criminal charge against her.Ofili-Ajumogobia was surrounded by operatives of the commission at the court premises on Tuesday after Hakeem Oshodi, judge of a Lagos high court, struck out corruption charges against her.In his ruling, [...]

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    Who’s after Paul Usoro?

Who’s after Paul Usoro?

BY WILBERFORCE IKOROThe first time I met him was in 2000 during the auctioning of the Digital Mobile Licenses (DML) by the Nigerian Communications Commission (NCC) then led by Dr. Ernest Ndukwe. You could not miss him in the crowd of telecommunications industry players and lawyers, who were milling around the Hilton Hotel, venue of the auction with his trademark [...]

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    EFCC arrests train ticket racketeers in Abuja, Kaduna

EFCC arrests train ticket racketeers in Abuja, Kaduna

The Economic and Financial Crimes Commission (EFCC) have arrested suspected train ticket racketeers in Abuja and Kaduna.In a statement on Monday, Tony Orilade, acting spokesman of the EFCC, said operatives from the Abuja zonal office, on Saturday, arrested five suspects during a sting operation at the Idu and Kubwa train stations following an intelligence report.He listed the suspects as [...]

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    Magu: Some bankers launder funds for terrorists

Magu: Some bankers launder funds for terrorists

Ibrahim Magu, acting chairman of the Economic and Financial Crimes Commission (EFCC), says some “fraudsters in banks are laundering public funds for corrupt politicians and terrorists".Magu made the assertion during a meeting with compliance officers of different banks in Port Harcourt, the Rivers state capital on Friday.According to him, apart from colluding with the corrupt politicians and "terrorists", the banks [...]

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    Saraki: Why Magu was never confirmed as EFCC chairman

Saraki: Why Magu was never confirmed as EFCC chairman

Senate President Bukola Saraki has explained why the senate did not confirm Ibrahim Magu as chairman of the Economic and Financial Crimes Commission (EFCC).Saraki gave the explanation on Monday at the orientation programme organised for senators-elect and house of representatives members-elect ahead of the inauguration of ninth national assembly in Abuja.The country’s number three citizen said having rejected Magu's nomination [...]

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    Magu ‘diverting attention from corruption under Buhari’

Magu ‘diverting attention from corruption under Buhari’

Reno Omokri, former aide of ex-President Goodluck Jonathan, says the claim that N1.3 trillion was stolen between 2011 and 2015 was untrue.In a statement on Tuesday, Omokri said the claim by Ibrahim Magu, acting chairman of the Economic and Financial Crimes Commission (EFCC), is an attempt to divert attention from a recent report of US State Department "which directly indicted" [...]

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    Magu: Over N1.3trn was stolen under Jonathan

Magu: Over N1.3trn was stolen under Jonathan

Ibrahim Magu, acting chairman of the Economic and Financial Crimes Commission (EFCC), says at least N1.3 trillion was stolen between 2011 and 2015.Magu said the money stolen during those years -- when former President Goodluck Jonathan was in power -- was by 32 entities, including private individuals and organisations.He said this during his keynote address at the 2019 first batch [...]

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    EFCC declares ex-NIA DG, wife wanted

EFCC declares ex-NIA DG, wife wanted

The Economic and Financial Crimes Commission (EFCC) has declared Ayodele Oke, former director-general of the National Intelligence Agency (NIA), and Folashade, his wife, wanted.The duo were declared wanted on Sunday.Oke and his wife are facing a four-count charge bordering on money laundering offence to the tune of N13 billion.The EFCC had filed the charges against them in connection with the [...]

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    EXCLUSIVE: EFCC traces lawyer’s ‘car gift’ to Onnoghen

EXCLUSIVE: EFCC traces lawyer’s ‘car gift’ to Onnoghen

The Economic and Financial Crimes Commission (EFCC) has traced a car owned by Walter Onnoghen, the embattled chief justice of Nigeria (CJN), to Joe Agi, a senior advocate of Nigeria (SAN). The anti-graft agency believes the car is a gift from the lawyer, who had cases before Onnoghen at the time of purchase. But Agi has told the EFCC that aside being a [...]

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    Eection post-mortem: Campbell as past tense

Eection post-mortem: Campbell as past tense

BY RICHARD MURPHYWho else is an expert in Nigeria and Nigerian affairs if not former United States (U.S.) Ambassador to Nigeria, John Campbell? He also happens to be the go-to person for those that are desirous of setting the country ablaze. After all, Campbell happens to have the credibility as a onetime diplomat in Nigeria and is equally an American. [...]

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    My asset declaration forms were tampered with, says Onnoghen

My asset declaration forms were tampered with, says Onnoghen

Walter Onnoghen, suspended chief justice of Nigeria (CJN), says his two asset declarations forms submitted to the Code of Conduct Bureau (CCB) were tampered with.Speaking through his counsel, Adegboyega Awomolo, at his resumed trial at the Code of Conduct Tribunal (CCT) in Abuja on Monday, the suspended CJN said the forms he submitted in 2014 and 2016 were mutilated [...]

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    Report: EFCC goes after Onnoghen, raids his farm

Report: EFCC goes after Onnoghen, raids his farm

The Economic and Financial Crimes Commission (EFCC) has reportedly raided the farm of Walter Onnoghen, suspended chief justice of Nigeria (CJN), taking custody of some vital documents.According to Punch, about nine EFCC operatives searched the Wanogan Farms Limited located in the Masaka area of Nasarawa state on Saturday, and took custody of some documents including sales books, receipt booklets and [...]

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Exchange Rates

April 22, 2019USDGBPEUR
INTERBANK306397354
LAGOS362475413
KANO361474413
PH361475412
ABUJA362476413
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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