Friday, April 26, 2019

Tag "EFCC"

    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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    Falana to EFCC: Sealing assets of suspects not the way to fight corruption

Falana to EFCC: Sealing assets of suspects not the way to fight corruption

Femi Falana, a senior advocate of Nigeria (SAN), has advised the Economic and Financial Crimes Commission (EFCC) to stop sealing off assets belonging to suspects of financial crimes.The lawyer gave the advice in Ikeja at the presentation of ‘Compendium of High-Profile Corruption and Financial Crimes Cases in Nigeria'.Falana said sealing of properties while cases were still pending in courts does [...]

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    ‘EFCC can’t probe lawyer-client relationship’ — NBA kicks against Usoro’s trial

‘EFCC can’t probe lawyer-client relationship’ — NBA kicks against Usoro’s trial

The Nigerian Bar Association, (NBA) says the Economic and Financial Commission (EFCC) lacks the power to meddle into client-lawyer contractual relationship.In a communique issued at the end of its national executive council (NEC) meeting in Abuja on Sunday, the NBA said the fees to lawyers by their clients is "not only a matter of privilege but also contractual."Paul Usoro, NBA [...]

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    Okupe: EFCC has summoned me for alleged cyber crime

Okupe: EFCC has summoned me for alleged cyber crime

Doyin Okupe, spokesman of the Atiku Abubakar presidential campaign council, says the Economic and Financial Crimes Commission (EFCC) has summoned him over allegations of cyber crime.Writing via his Twitter handle on Saturday, Okupe said operatives of the anti-graft agency stormed his house in Lagos over the allegations.He said operatives of the anti-graft agency insisted that he should follow them without [...]

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    Buhari right to reject electoral reform bill, says group

Buhari right to reject electoral reform bill, says group

The Africa Civil Rights Congress (ACRC) has thrown its weight behind President Muhammadu Buhari’s refusal to assent to the amended Electoral Act saying there should be a limit to which selfish personal interests should be allowed to push the country to the brink.Buhari declined assent to the bill, citing among other reasons the confusion that could arise as to what [...]

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    EFCC presents more evidence against Jang

EFCC presents more evidence against Jang

A Plateau state high court on Thursday admitted more exhibit in the N6.3 billion fraud trial against Jonah Jang, former governor of Plateau state.Jang is standing trial along with Yusuf Pam, a former government official in the state, on a 12-count charge bothering on diversion of public funds while serving as the governor.At the court on Thursday, the Economic and [...]

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    Magu: How can I get Diezani when she is being protected by forces abroad?

Magu: How can I get Diezani when she is being protected by forces abroad?

Ibrahim Magu, acting chairman of the Economic and Financial Crimes Commission (EFCC), has spoken on the challenges of the commission in arresting Diezani Alison-Madueke, former minister of petroleum resources.Reacting to the court order that the EFCC and other security agencies should produce Alison-Madueke with 72 hours, Magu said it would have been an easy task if she was not outside [...]

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    EFCC traces ‘houses worth N500m’ to Jang

EFCC traces ‘houses worth N500m’ to Jang

The Economic and Financial Crimes Commission ( EFCC) says it has traced properties worth N500 million to Jonah Jang, former Plateau state governor.Tony Orilade, acting spokesman, disclosed this in a statement on Sunday.According to the statement, the properties are located at No. 8 and 9 Gobarau Road Unguwan Rimi government residential area (GRA), Kaduna state.Orilade said preliminary investigations revealed that [...]

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Exchange Rates

April 25, 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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