Friday, September 21, 2018

Tag "EFCC"

    N1.7 billion ‘fraud’: You must face trial, judge tells First Nation MD

N1.7 billion ‘fraud’: You must face trial, judge tells First Nation MD

Mojisola Dada, a judge of Ikeja special offences court, has ordered Kayode Odukoya, managing director of First Nation Airways, to face trial over alleged N1.7 billion theft charge proffered against him by the Economic and Financial Crimes Commission (EFCC).Odukoya is facing a four-count charge of forgery, use of false document, perjury and stealing.Olawale Akoni, defence counsel, had prayed for an [...]

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    EFCC: We’ve placed top politicians under surveillance to check vote-buying

EFCC: We’ve placed top politicians under surveillance to check vote-buying

The Economic and Financial Crimes Commission (EFCC) says it is tracking financing of campaign by political parties, as part of new measures to tackle vote-buying.Wilson Uwajuren, EFCC spokesman, said this in a statement on Friday. He said the anti-graft agency is out to prosecute anyone involved in the practice of vote-buying.Uwajuren said those offering financial inducements for votes as well [...]

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    Fayose: EFCC persecuting — not prosecuting me

Fayose: EFCC persecuting — not prosecuting me

Ayodele Fayose, governor of Ekiti state, says the Economic and Financial Crimes Commission (EFCC) has termed him guilty of corruption even before investigation.Fayose, whose tenure ends on October 16, said this is as a result of the hatred the agency has for him.The anti-graft agency said it is investigating the governor for abuse of office and money laundering, among others.The [...]

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    EFCC: We didn’t freeze Adeleke, Davido’s accounts

EFCC: We didn’t freeze Adeleke, Davido’s accounts

The Economic and Financial Crimes Commission (EFCC) has denied freezing the bank account of Ademola Adeleke, the Peoples Democratic Party (PDP) governorship candidate in Osun.The anti-graft agency also said it did not place a freeze order on the accounts of members of his family, including popular musician, Davido.The PDP on Saturday alleged that the accounts of Adeleke family members had [...]

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    EFCC tackles HSBC, says bank laundering money for corrupt Nigerians

EFCC tackles HSBC, says bank laundering money for corrupt Nigerians

The Economic and Financial Crimes Commission (EFCC) has accused HSBC Bank of laundering proceeds of corruption for over 50 Nigerians, including a serving senator.A recent report attributed to the bank predicted that if President Muhammadu Buhari wins his second term bid, it would “stunt the economy”.Garba Shehu, senior special assistant to the president on media and publicity, had on Saturday [...]

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    Fayose on ‘watch list’: I’m not afraid to face tomorrow… nobody is God

Fayose on ‘watch list’: I’m not afraid to face tomorrow… nobody is God

Ayodele Fayose, Ekiti state governor, says he is not afraid of being investigated by the Economic and Financial Crimes Commission (EFCC).The anti-graft agency has asked the Nigeria customs service to place the outgoing governor on its watch list, saying he is likely to flee the country in a bid to evade investigation.Fayose said the action of the EFCC is "petty" [...]

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    EFCC asks customs to place Fayose on watch list, prevent him from leaving Nigeria

EFCC asks customs to place Fayose on watch list, prevent him from leaving Nigeria

The Economic and Financial Crimes Commission (EFCC) has asked the Nigeria customs service to place Ayodele Fayose, outgoing governor of Ekiti, on its watch list.Fayose, whose tenure ends on October 16, is being investigated by the EFCC for alleged abuse of office, money laundering, among others.In a letter dated September 12, and addressed to the comptroller-general of customs, the EFCC [...]

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    PDP: Freezing accounts of Adeleke, Davido is a recipe for crisis in Osun

PDP: Freezing accounts of Adeleke, Davido is a recipe for crisis in Osun

The Peoples Democratic Party (PDP) has accused the Economic and Financial Crimes Commission (EFCC) of freezing the bank accounts of Ademola Adeleke, its governorship candidate in the Osun state election.In a statement on Saturday, the party alleged that the anti-graft agency froze the accounts of Adeleke and those of his family members including David Adeleke, Afropop singer popularly known as [...]

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    EFCC vows to punish operatives who raided Standard Chartered Bank

EFCC vows to punish operatives who raided Standard Chartered Bank

The Economic and Financial Crimes Commission (EFCC) has promised to investigate the raid on the head office of Standard Chartered Bank in Lagos, saying the officers involved would be "subjected to internal disciplinary measures".Wilson Uwujaren, spokesman of the agency, disclosed this in a statement issued hours after the raid.TheCable had reported how some officials of the anti-graft agency stormed the [...]

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    EFCC officials storm head office of Standard Chartered Bank

EFCC officials storm head office of Standard Chartered Bank

Officials of the Economic and Financial Crimes Commission (EFCC) stormed the headquarters of Standard Chartered Bank in Lagos on Friday.A source at the bank confirmed this to TheCable, saying some customers were escorted out of the premises located at Ahmadu Bello Way, Victoria Island, during the operation.Olasupo Shasore, former commissioner for justice in Lagos, said EFCC operatives were at the [...]

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    APC to EFCC: Fayose planning to run away… keep an eye on him

APC to EFCC: Fayose planning to run away… keep an eye on him

The All Progressives Congress (APC) in Ekiti says Ayodele Fayose, outgoing governor of the state, is plotting to sneak out of the country when he leaves office.The party said Fayose's offer to voluntarily surrender himself to the Economic and Financial Crimes Commission (EFCC) for questioning is “suspicious” and “diversionary”.Fayose will leave office on October 16 and has expressed his readiness to "clarify [...]

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    Fayose’s letter to EFCC is a decoy, says Fayemi’s spokesman

Fayose’s letter to EFCC is a decoy, says Fayemi’s spokesman

Wole Olujobi, spokesman of Ekiti governor-elect Kayode Fayemi, says Ayodele Fayose, outgoing governor of the state, is not sincere about his letter to the Economic and Financial Crimes Commission (EFCC).In a letter addressed to Ibrahim Magu, acting chairman of the EFCC, Fayose said he would make himself available for questioning after handing over to Fayemi.TheCable had reported that the EFCC is [...]

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    EFCC closes N4.7bn fraud case against Ladoja

EFCC closes N4.7bn fraud case against Ladoja

The Economic and Financial Crimes Commission (EFCC) on Tuesday closed its case against Rasheed Ladoja, a former governor of Oyo state.Ladoja had been charged with N4.7billion fraud before a federal high court in Lagos. He was charged alongside Waheed Akanbi, a former commissioner for finance in the state.The accused were brought before justice Mohammed Idris on December 14, 2016, for [...]

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    Fayose: I will make myself available to EFCC after handover

Fayose: I will make myself available to EFCC after handover

Ayodele Fayose, governor of Ekiti, says he will make himself available to the Economic and Financial Crimes Commission (EFCC) after handing over to Kayode Fayemi, governor-elect.Fayemi will be sworn in on October 16.Fayose, in a letter dated September 10 and addressed to the chairman of the commission, said several actions of the anti-graft agency suggest "the commission's desire to have [...]

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    Report: EFCC secures warrant to arrest Rivers officials over N117bn transaction

Report: EFCC secures warrant to arrest Rivers officials over N117bn transaction

The Economic and Financial Crimes Commission (EFCC) has reportedly secured a court warrant to arrest four officials of the Rivers government over an alleged N117 billion suspicious transaction.The anti-graft agency is investigating the transaction of the said sum which was supposedly withdrawn over the counter in the last three years.The EFCC had invited and quizzed Peter Amangbo, managing director of [...]

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    Orji Kalu’s ‘medical trip to Germany’ stalls N3.2bn ‘fraud’ trial

Orji Kalu’s ‘medical trip to Germany’ stalls N3.2bn ‘fraud’ trial

A federal high court in Lagos state has adjourned the trial of Orji Uzor Kalu, a former governor of Abia state, till September 20 and 21 due to his absence in court.Goddy Uche, Kalu's counsel, attributed his absence to a trip to Germany for a medical surgery.Led by Awa Kalu, the defence, had on May 28 filed a no-case submission [...]

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Exchange Rates

September 21, 2018USDGBPEUR
INTERBANK360.45480.18420.32
LAGOS360485425
KANO361483423
PH362482423
ABUJA362481423
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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