Thursday, January 17, 2019

Tag "EFCC"

    Fani-Kayode, Odumakin file N20m suit against EFCC

Fani-Kayode, Odumakin file N20m suit against EFCC

Femi Fani-Kayode, former minister of aviation and Yinka Odumakin, spokesman of Afenifere, have filed a N20 million suit against the Economic and Financial Crimes Commission (EFCC).The commission had invited the duo over their social media posts that the anti-graft agency raided the house of Walter Onnoghen, the chief justice of Nigeria (CJN).The agency had denied the claim and threatened them [...]

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    Court orders Amosu, ex-air chief, to forfeit N2.2bn to FG

Court orders Amosu, ex-air chief, to forfeit N2.2bn to FG

A federal high court in Lagos has ordered the final forfeiture of N2.24 billion reportedly seized from Adesola Amosu, former chief of air staff, to the federal government.While delivering a judgement at the resumed hearing on Wednesday, Mojisola Olatoregun, the presiding judge, maintained that the funds were "proceeds of an unlawful activity".Olatoregun also ordered final forfeiture of N190 million recovered [...]

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    ‘I regret the error’ — Fani-Kayode recants as EFCC vows to sue over Onnoghen fake news

‘I regret the error’ — Fani-Kayode recants as EFCC vows to sue over Onnoghen fake news

Femi Fani-Kayode, former minister of aviation, has backtracked on his allegation that the Economic and Financial Crimes Commission (EFCC) was planning to arrest Walter Onnoghen, chief justice of Nigeria (CJN).Fani-Kayode on Tuesday alleged that operatives of the anti-graft agency had surrounded the home of Onnoghen with the intention to arrest him.He had written: "Why have the EFCC surrounded the home [...]

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    EFCC arraigns Okupe for ‘N702m fraud’

EFCC arraigns Okupe for ‘N702m fraud’

The Economic and Financial Crimes Commission (EFCC) has arraigned Doyin Okupe, a spokesman of the Atiku Abubakar presidential campaign organisation, over allegations of fraud.The comission arraigned Okupe before a federal high court sitting in Abuja on Monday, on a 59-count charge bordering on alleged money laundering and diversion of funds to the tune of N702 million.Okupe, who was a media [...]

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    Court refuses to reverse interim forfeiture order of $2.8m seized by EFCC

Court refuses to reverse interim forfeiture order of $2.8m seized by EFCC

A federal high court sitting in Port Harcourt, Rivers state capital, has refused to grant a request to release $2.8 million seized by the Economic and Financial Crimes Commission (EFCC).In December, operatives of the anti-graft agency in Enugu intercepted $2.8m (N1.02bn) at Akanu Ibiam International Airport. The money was found with Ighoh Augustine and Ezekwe Emmanuel.Bankers Warehouse subsequently said those [...]

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    EFCC: More corrupt persons will be jailed this year

EFCC: More corrupt persons will be jailed this year

Ibrahim Magu, acting chairman of the Economic and Financial Crimes Commission (EFCC), says the anti-graft body is working to secure more convictions in 2019.Tony Orilade, acting spokesman of the agency, quoted Magu as saying this while on a tour of the Lagos office of the commission on Thursday.The acting chairman said the commission would continue to rid the country [...]

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    EFCC: From 189 convictions in 2017, we improved to 312 in 2018

EFCC: From 189 convictions in 2017, we improved to 312 in 2018

The Economic and Financial Crimes Commission (EFCC) says it made a total of 312 convictions between January and December 24, 2018.Tony Orilade, spokesman of the EFCC, said the record of convictions is "undoubtedly a significant improvement from the 189 convictions recorded in 2017"."More significantly is that it includes the conviction of two Politically Exposed Persons, PEPs – Jolly Nyame, a [...]

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    Buhari: Heckling is part of the democratic process

Buhari: Heckling is part of the democratic process

The news that President Muhammadu Buhari was interrupted and booed intermittently by some lawmakers while presenting the appropriation bill to the national assembly recently has been trending on the social media. Also trending is a list of the lawmakers said to have booed the President during the rowdy session. As should be expected, the PDP issued a statement claiming it [...]

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    Dear EFCC, sanity has a price

Dear EFCC, sanity has a price

About two weeks ago, I got a call from a friend, who is currently studying for a master's degree in the United States. She was in a dilemma; the dilemma of virtually every Nigerian student abroad, who are attempting to use local examples from Nigeria to explain global concepts and think up solutions. The dilemma of telling the story of [...]

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    EFCC seeks interim forfeiture of $2.8m seized from Bankers Warehouse

EFCC seeks interim forfeiture of $2.8m seized from Bankers Warehouse

The Economic and Financial Crimes Commission (EFCC) has filed a motion at the federal high court in Enugu for the interim forfeiture of $2.8 million seized last week.Tony Orilade, spokesperson of the commission, said the EFCC has also filed an affidavit of urgency for the matter to be heard on December 27 by a vacation judge in Port Harcourt.The commission [...]

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    Bankers Warehouse demands release of employees, $2.8m seized by EFCC

Bankers Warehouse demands release of employees, $2.8m seized by EFCC

The management of Bankers Warehouse has called on the Financial and Economic Crimes Commission (EFCC) to release the $2.8 million cash and its employees arrested at Enugu Airport on Thursday.Bankers Warehouse is a company registered by the Central Bank of Nigeria (CBN) to carry out cash movement as well as currency processing.The company on Sunday said its employees were arrested [...]

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    EFCC on seized $2.8m: Union Bank refused to honour our invitation

EFCC on seized $2.8m: Union Bank refused to honour our invitation

The Economic and Financial Crimes Commission (EFCC) says an investigation is ongoing on the seized $2.8 million at Akanu Ibiam International Airport, Enugu.Tony Orilade, EFCC acting spokesman, made this known in an interview with NAN in Abuja.Union Bank claimed ownership of the money on Saturday, describing the incident as a "legitimate operation".Orilade said: "Upon their arrests, they were caught with consignments [...]

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    EFCC files 59-count money laundering charge against Okupe

EFCC files 59-count money laundering charge against Okupe

This is coming after Okupe failed to return about N100million he allegedly received from the office of the national security advise (ONSA).He said the N100 million was paid in two tranches and that the former president authorised Dasuki to pay him N50 million from his security votes. [...]

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    2019: Opposition versus state institutions

2019: Opposition versus state institutions

By the time Nigeria conducts its elections in February and March next year, it will be almost 20 years since its current experiment with liberal democracy – the longest period the country has been under a civilian rule since gaining flag independence from the British in 1960.As we inch towards 2019, growing apprehensions sit side-by-side with growing optimism. For the [...]

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    EFCC arraigns 24 students over internet fraud

EFCC arraigns 24 students over internet fraud

The Economic and Financial Crimes Commission (EFCC) has arraigned 24 students who were arrested over alleged involvement in cyber crime.The 24 students from Olabisi Onabanjo University and the National Open University of Nigeria were reportedly caught when the commission tracked their activities.In a statement on Wednesday, Tony Orilade, EFCC’s spokesman, said 10 of the suspects were arraigned on Monday and [...]

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    Report: EFCC raids Atiku’s sons apartment in Abuja

Report: EFCC raids Atiku’s sons apartment in Abuja

An apartment in a building occupied by Aliyu Abubakar and Mustapha Abubakar, sons of Atiku Abubakar, presidential candidate of the Peoples Democratic Party (PDP), was searched by operatives of the Economic and Financial Crimes Commission (EFCC) in Abuja on Saturday.According to Premium Times, the building, which is in Maitama neighbourhood, also houses an apartment occupied by Chiemeka Orji, son of [...]

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Exchange Rates

January 16, 2019USDGBPEUR
INTERBANK306397354
LAGOS362463411
KANO361465413
PH361462412
ABUJA362462413
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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