Friday, February 23, 2018

Tag "EFCC"

    EFCC prepares fresh charge against Nnamani, ex-Enugu gov

EFCC prepares fresh charge against Nnamani, ex-Enugu gov

The Economic and Financial Crimes Commission (EFCC) is set to file a fresh charge against Chimaronke Nnamani, a former governor of Enugu State, who is facing trial over an alleged N5.3 billion fraud.Nnamani, his former aide, Sunday Anyaogu, and six companies were first arraigned in 2007 for allegedly conspiring to divert about N5.3 billion from the coffers of Enugu dtate.At least [...]

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    The era of ‘baba has said’ is gone — Fayose demands list of looters before sale of property

The era of ‘baba has said’ is gone — Fayose demands list of looters before sale of property

Ayodele Fayose, governor of Ekiti state, has asked the federal government to publish the list of all stolen properties recovered by the Economic and Financial Crimes Commission (EFCC).In a statement on Wednesday, Fayose also asked the government to publish the names of owners of the properties before its purported plan to sell them.He said the federal government cannot continue to [...]

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    FG queries Magu, Keyamo over charges filed against CCT chairman

FG queries Magu, Keyamo over charges filed against CCT chairman

The federal government has queried Ibrahim Magu, acting chairman of the Economic and Financial Crimes Commission (EFCC), and Festus Keyamo, a senior advocate of Nigeria (SAN), over the corruption charges filed against Danladi Umar, chairman of the Code of Conduct Tribunal (CCT).On behalf of the EFCC, Keymao filed a two-count corruption charge against Umar at a federal high court in [...]

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    FG asks EFCC to probe ‘massive fraud’ in social investment programme

FG asks EFCC to probe ‘massive fraud’ in social investment programme

The Economic and Financial Crimes Commission (EFCC) has been invited to probe "massive fraud" in the Social Investments Programme (SIP).Maryam Uwais, special adviser to the president on social investments programme, made the disclosure while briefing state house correspondents, on her presentation to the national economic council (NEC) meeting chaired by Vice-President Yemi Osinbajo.She said a total of 7,812,201 Nigerians are [...]

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    EFCC to arraign CCT chairman March 15

EFCC to arraign CCT chairman March 15

The Economic and Financial Crimes Commission (EFCC) is set to arraign Umar Danladi, chairman of the Code of Conduct Tribunal (CCT).Umar will be facing a two-count charge on allegations of demanding bribe.The CCT chairman is accused of demanding N10m from Rasheed Owolabi Taiwo, a defendant standing trial before his court, in 2012.He is also accused of receiving another N1.8 million [...]

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    Arrest warrant: Chukwuma files motion for stay of execution

Arrest warrant: Chukwuma files motion for stay of execution

Innocent Chukwuma, chairman of Innoson Group, has filed a motion for stay of execution of the arrest warrant issued against him on Friday.A high court sitting in Lagos had ordered that Chukwuma should be arrested by the Economic and Financial Crimes Commission (EFCC) over his failure to appear before it and face trial.He is being tried for alleged fraud. The [...]

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    Chukwuma speaks on arrest warrant, says judge erred

Chukwuma speaks on arrest warrant, says judge erred

Innocent Chukwuma, chairman of Innoson Group, says Mojisola Dada, the judge who issued his arrest warrant, erred in law.On Friday, a high court in Lagos issued a warrant of arrest for Chukwuma over his failure to appear before it and face trial.In a statement, Cornel Osigwe, spokesman of Innoson Group, quoted Chukwuma as saying the order Dada was done in bad [...]

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    Six Rural Electricity Agency directors jailed over N5.2bn scam

Six Rural Electricity Agency directors jailed over N5.2bn scam

A high court in the federal capital territory (FCT) has sentenced six people to various jail terms for a N5.2 billion electricity project scam.Those convicted are Samuel Ibi, former managing director Rural Electricity Agency (REA); Abdullahi Aliyu, former permanent secretary of the ministry of power; Simon Kirdi Nanle, an accountant in REA; Kayode Orekoya, director of projects; Abdusamad Garba Hahun, assistant [...]

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    EXTRA: Cancer is caused by corruption, says Magu

EXTRA: Cancer is caused by corruption, says Magu

Ibrahim Magu, acting chairman of the Economic and Financial Crimes Commission (EFCC), says cancer is caused by corruption.Magu said this on Thursday when he visited Mahmoud Yakubu, chairman of the Independent National Electoral Commission (INEC), at his office in Abuja.The acting EFCC chairman said every evil in society is caused by corruption."Corruption is the worst enemy of Nigeria. It is [...]

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    EFCC arrests ‘fake US army colonel’

EFCC arrests ‘fake US army colonel’

The Economic and Financial Crimes Commission (EFCC) says it has arrested two men for “impersonating” its operatives to obtain $10,000 by false presence.Wilson Uwujaren, spokesman of the commission, disclosed this in a statement.Uwujaren identified the suspects as Mike Nkwocha and Richardson Obasogie, who claims to be a colonel in the US army.He said their victim (not identified) had petitioned the [...]

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    We can arrest anyone without warrant, says EFCC

We can arrest anyone without warrant, says EFCC

The Economic and Financial Crimes Commission (EFCC) says it can arrest anyone without a warrant.Chile Okoroma, director, legal and prosecution of the EFCC, said this on Wednesday at a hearing organised by senate anti-corruption committee.The committee had invited the agency over the arrest of Innocent Chukwuma, chairman of Innoson Group.In December, operatives of EFCC arrested Chukwuma at his Enugu residence. [...]

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    CCT chairman: Keyamo represented my accuser… now he’s standing for EFCC

CCT chairman: Keyamo represented my accuser… now he’s standing for EFCC

Danladi Umar, chairman of the Code of Conduct of Tribunal (CCT), has queried the choice of Festus Keyamo, a Lagos-based lawyer, as counsel of the Economic and Financial Crimes Commission (EFCC) in the charge which the commission filed against him last week.On behalf of the EFCC, Keymao filed a two-count corruption charge against Umar at a federal high court in [...]

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    FLASHBACK: In 2016, EFCC cleared CCT chairman of fraud — what changed?

FLASHBACK: In 2016, EFCC cleared CCT chairman of fraud — what changed?

Two years ago, the Economic and Financial Crimes Commission (EFCC) cleared Danladi Umar, chairman of the Code of Conduct Tribunal (CCT), of allegations of fraud levelled against him.A group called Anti-Corruption Network had written a petition against Umar, accusing him of demanding a bribe of N10 million from one Rasheed Taiwo, a former customs official who was facing false assets [...]

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    ‘N650m fraud’: Akinjide, ex-minister, opts for out-of-court settlement

‘N650m fraud’: Akinjide, ex-minister, opts for out-of-court settlement

Jumoke Akinjide, a former minister of federal capital territory (FCT), who is standing trial over alleged N650 million money laundering charge, has opted for out-of-court settlement.Bolaji Ayorinde, Akinjide’s lawyer, told a federal high court that they were “in the process of engaging in out-of-court settlement” with the Economic and Financial Crimes Commission (EFCC).The former minister and two others are facing charges [...]

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    EFCC recovered N511.9bn in 2017, says Magu

EFCC recovered N511.9bn in 2017, says Magu

Ibrahim Magu, acting chairman of the Economic and Financial Crimes Commission (EFCC), says the commission recovered about N511.9 billion in 2017.Magu said this on Monday when he appeared before a budget defence session organised by the house of representatives committee on financial crimes.He listed the monies recovered to include N473.065 billion, $89,258,124.97, £294,851.82, €7,247,363.75, 443,400 dirhams and 70,500.00 South African [...]

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    Credit cards from Nigeria ‘to be blocked abroad’ as Egmont Group mulls expelling NFIU

Credit cards from Nigeria ‘to be blocked abroad’ as Egmont Group mulls expelling NFIU

Nigerians may no longer be able to carry out international transactions as Egmont Group is considering expelling the Nigerian Financial Intelligence Unit (NFIU) because of governance issues.A major consequence of the expulsion will be the blacklisting of Nigeria in international finance.This could affect use of MasterCard and Visa credit and debit cards by Nigerians.It could also affect the international rating [...]

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Exchange Rates

Feb 23, 2018USDGBPEUR
INTERBANK360.45487.18428.32
LAGOS364497448
KANO364495430
PH363498435
ABUJA365497434
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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