Wednesday, September 26, 2018

Tag "EFCC"

    ‘I can’t steal blood money’ — NHIS ES speaks on allegations of theft

‘I can’t steal blood money’ — NHIS ES speaks on allegations of theft

Usman Yusuf, executive secretary of the National Health Insurance Scheme (NHIS), says allegations of the theft of N900 million from the scheme are false.In an interview with reporters in Kano at the weekend, Yusuf described the money at NHIS as "blood money".He accused some hospitals and insurance companies of ganging up against him for opposing some sharp practices.Yusuf alleged that [...]

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    Babachir Lawal breaks silence on his probe by EFCC, relationship with Buhari

Babachir Lawal breaks silence on his probe by EFCC, relationship with Buhari

Babachir Lawal, sacked secretary to the government of the federation (SGF), says he's happy with his ongoing probe by the Economic and Financial Crimes Commission (EFCC).In October 2017, Lawal was relieved of his position amid allegations of corruption.A senate ad-hoc committee had in December 2016 indicted him of fraud in a contract awarded for the clearing of invasive plant species in [...]

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    Ahead of APC convention, cleric seeks EFCC probe of Oshiomhole

Ahead of APC convention, cleric seeks EFCC probe of Oshiomhole

Osaldor Ochei, a cleric resident in Benin, Edo state, has filed an ex-parte motion seeking a court mandate on the Economic and Financial Crimes Commission to probe the administration of Adams Oshiomhole, ex-governor of the state.Oshiomhole is the favourite to be elected chairman of the All Progressives Congress (APC) at the national convention on June 23.In the suit filed at [...]

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    Secondus: EFCC now a willing tool for APC

Secondus: EFCC now a willing tool for APC

Uche Secondus, national chairman of the Peoples Democratic Party (PDP), says the Economic and Financial Crimes Commission (EFCC) is now a willing tool for the All Progressives Congress (APC).Ike Abonyi, media aide to the PDP chairman, quoted Secondus as saying this in a statement on Thursday.The PDP chairman alleged that the EFCC has deployed its operatives to harass contractors handling [...]

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    EFCC arraigns five health ministry employees for ‘$4m fraud’

EFCC arraigns five health ministry employees for ‘$4m fraud’

The Economic and Financial Crime Commission (EFCC), on Tuesday arraigned five employees of the ministry of health for an alleged $4 million fraud.Abimbola Abioye, Wuraola Adebayo, Zubairu Ibrahim, Faturiti Jacob and Azeez Aderemi, were arraigned before O.O. Goodluck, a judge of the federal capital territory (FCT) high court, Maitama.The defendants are said to be facing a six-count charge for “criminal [...]

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    Group wants Yusuf Lasun probed over N1.1bn water ‘scam’

Group wants Yusuf Lasun probed over N1.1bn water ‘scam’

The Civil Society Network Against Corruption (CSNAC) has asked the Economic and Financial Crimes Commission (EFCC) to probe the N1.1 billion contract scandal allegedly involving Yusuf Lasun, deputy speaker of the house of representatives.CSNAC is a coalition over 150 anti-corruption organisations.Lasun was alleged to have used Nur & Company Nigeria Limited, a company he owns, to secure contracts amounting to [...]

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    ‘Nigerians living in fear’, ‘A re-enactment of Abacha era’– five things Obasanjo told Buhari

‘Nigerians living in fear’, ‘A re-enactment of Abacha era’– five things Obasanjo told Buhari

Former President Olusegun Obasanjo dropped another bomb on Friday, five months after he accused President Muhammadu Buhari of incompetence.In a statement issued on his behalf by Kehinde Akinyemi, his spokesman, Obasanjo accused Buhari's government of plotting to hang a crime on him.He said he learnt from credible sources that his name has been placed on the watch list of different [...]

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    EFCC: A widow’s petition exposed Jolly Nyame

EFCC: A widow’s petition exposed Jolly Nyame

The Economic and Financial Crimes Commission (EFCC) says it got wind of the misappropriation of state funds of Jolly Nyame, ex-governor of Taraba, by chance.The federal capital territory high court handed a 14-year jail sentence to Nyame on May 30.The anti-graft agency had charged Nyame to court for allegedly diverting N1.64 billion when he served as governor between 1999 and 2007.The [...]

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    Magu: EFCC ready to assist banks on verge of collapse

Magu: EFCC ready to assist banks on verge of collapse

Ibrahim Magu, acting chairman of the Economic and Financial Crimes Commission (EFCC), says a number of Nigerian banks are on the brink of collapse due to huge debts owed by "unscrupulous customers".Magu spoke on Thursday at an interactive session with the Association of Chief Compliance Officers of Banks in Nigeria.In a statement released by Wilson Uwujaren, EFCC spokesman, Magu said [...]

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    CBN and forensic audit: Calling EFCC’s attention

CBN and forensic audit: Calling EFCC’s attention

BY NIK OGBULIEIt is on record that the Economic and Financial Crimes Commission (EFCC) has made more resounding successes in taming the growing rate of financial crimes in public institutions than have been recorded. This is because the regulations and guidelines on financial activities in the public sector are clearer. Moreover, the EFCC sees control and prosecution of public sector [...]

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    Junaid: EFCC at war with DSS, there’s terrible confusion in NIA

Junaid: EFCC at war with DSS, there’s terrible confusion in NIA

Junaid Mohammed, a second republic lawmaker, has alleged that there is infighting between the nation's security and anti-graft agencies.He said the Economic and Financial Crimes Commission (EFCC) is “at war” with the Department of State Services (DSS), and that there is "terrible confusion" at the National Intelligence Agency (NIA).Mohammed said this on Monday while speaking on Channels Television. President Muhammadu [...]

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    Report: EFCC begins probe of $16bn allegedly spent on power

Report: EFCC begins probe of $16bn allegedly spent on power

The Economic and Financial Crimes Commission (EFCC) has started investigating the alleged $16 billion spent on power during the administration of former president Olusegun Obasanjo.On Tuesday, President Muhammadu Buhari had queried the expenditure on power during the Obasanjo administration.The ex-president had subsequently replied by expressing his readiness for a probe.According to The Nation, an EFCC team is already gathering facts [...]

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    Innoson chairman: Judge who declared me wanted acted in bad faith

Innoson chairman: Judge who declared me wanted acted in bad faith

Innocent Chukwuma, chairman of Innoson Motors Nigeria Ltd, says he was declared wanted in bad faith.Mojisola Dada, a judge, declared him wanted on Thursday over his failure to make an appearance in court for his arraignment for the fifth time.Chukwuma is standing trial in a matter between his company and the Economic and Financial Crimes Commission (EFCC).He had failed to [...]

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    $16bn power project: Refer Obasanjo to EFCC, SERAP tells Buhari

$16bn power project: Refer Obasanjo to EFCC, SERAP tells Buhari

The Socio-Economic Rights and Accountability Project, (SERAP) has urged President Muhammadu Buhari to initiate probe against ex-President Olusegun Obasanjo for allegedly mismanaging $16 billion meant for power projects in the country.It asked the president to refer the allegation to the Economic and Financial Crimes Commission (EFCC) and the Independent Corrupt Practices and Other Related Offences Commission (ICPC) to be investigated [...]

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    $15.5m accounts freeze: Judge’s absence stalls Patience Jonathan’s suit

$15.5m accounts freeze: Judge’s absence stalls Patience Jonathan’s suit

The suit filed by Patience Jonathan, former first lady, at the federal high court, Lagos, challenging the freezing of her account, has been stalled.The case which was slated for continued hearing on Tuesday, could not proceed following the absence of Mohammed Idris, the judge handling it.According to NAN, the judge's absence was as a result of a workshop he was [...]

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    N5bn ‘fraud’: Supreme court asks Akingbola, ex-bank MD, to face trial

N5bn ‘fraud’: Supreme court asks Akingbola, ex-bank MD, to face trial

The supreme court has ordered Erastus Akingbola, to face trial at the federal high court, Lagos, over his alleged N5 billion fraud charge.The Economic and Financial Crimes Commission (EFCC) had arraigned Akingbola, ex-managing director of the former Intercontinental Bank Plc.On Friday, a five-man panel of the apex court affirmed the February 2015 judgment of the court of appeal in Lagos [...]

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Exchange Rates

September 24, 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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