Saturday, September 22, 2018

Tag "EFCC"

    ‘A dent on our democracy’ — Nigerians hit Magu for donning Buhari’s reelection lapel

‘A dent on our democracy’ — Nigerians hit Magu for donning Buhari’s reelection lapel

Nigerians have taken to social media to express their reservations over a campaign lapel of President Muammadu Buhai donned by Ibrahim Magu, acting chairman of the Economic and Financial Crimes Commission (EFCC).Magu had the lapel on him when he appeared on a programme on Channels Television on Tuesday.Reacting to Magu's action, a Twitter user @OlaniranMichae8, described the anti-graft czar as the "first [...]

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    Magu: We recovered over N500bn in two years

Magu: We recovered over N500bn in two years

Ibrahim Magu, acting chairman of the Economic and Financial Crimes Commission (EFCC), says the anti-graft agency has secured 486 convictions and recovered over N500 billion in two and half years.Magu said this on Tuesday at the commissioning of new headquarters of EFCC in Abuja.According to him, the EFCC is also making giant strides in high profile cases including the conviction [...]

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    Buhari: My first war against corruption landed me in trouble

Buhari: My first war against corruption landed me in trouble

President Muhammadu Buhari says his first attempt to fight corruption led to his removal from office.In 1985, Ibrahim Babangida, a former head of state, plotted a coup which led to the removal of Buhari, then a military head of state.Speaking while inaugurating the new Economic and Financial Crimes Commission (EFCC) headquarters in Abuja, the president said his administration is not [...]

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    PHOTOS: Buhari counts fake dollars at new EFCC head office

PHOTOS: Buhari counts fake dollars at new EFCC head office

It's not every day that Nigerians get to see their president holding dollars.But this was the amusing scene at the new head office of the Economic and Financial Crimes Commission (EFCC) in Abuja on Tuesday.After inaugurating the building said to be worth N25 billion, President Muhammadu Buhari went on inspection.When he got to the exhibition stand, he was shown fake [...]

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    Magu: Maina, Lawal, Oke still under investigation — no sacred cow

Magu: Maina, Lawal, Oke still under investigation — no sacred cow

Ibrahim Magu, acting chairman of the Economic and Financial Crimes Commission (EFCC), says there is no sacred cow in the anti-corruption war.He said Adbulrasheed Maina, former chairman of the Presidential Task Force on Pension Reforms (PTFP), Babachir Lawal, former secretary to the government of the federation (SGF), and Ayo Oke, former director-general of the National Intelligence Agency (NIA), are still [...]

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    Soyinka: Anti-corruption war won’t be won until some leaders pass through EFCC doors

Soyinka: Anti-corruption war won’t be won until some leaders pass through EFCC doors

Wole Soyinka, Nobel laureate, says the struggle against corruption will not be won until some of the country's leaders pass through the doors of the Economic and Financial Crimes Commission (EFCC).Soyinka said this on Monday while speaking at the opening ceremony of the 8th Commonwealth Regional Conference for Heads of Anti-Corruption Agencies in Abuja.The professor said the country had been [...]

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    EFCC raids top club in Lagos, arrests 12 ‘internet fraudsters’

EFCC raids top club in Lagos, arrests 12 ‘internet fraudsters’

The Economic and Financial Crimes Commission (EFCC) has arrested 12 suspected internet fraudsters in Lagos state.The suspects were arrested after the anti-graft agency raided Club 57, a club in the Ikoyi area of the state.The commission said some of the suspects abandoned their exotic vehicles and fled, disclosing that 10 cars were recovered in the operation."Operatives of the EFCC early [...]

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    ‘N4.7bn fraud’: Ladoja bought cars from proceeds of Oyo shares’ sale, says EFCC

‘N4.7bn fraud’: Ladoja bought cars from proceeds of Oyo shares’ sale, says EFCC

Abubakar Madaki, a prosecution witness, on Thursday told a federal high court in Lagos that Rasheed Ladoja, former governor of Oyo, admitted taking part of proceeds of the sale of the state's shares.Madaki, an Economic and Financial Crimes Commission (EFCC) operative, gave evidence in the trial of Ladoja and Waheed Akanbi, a former finance commissioner in the state, for N4.7 [...]

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    Magu: N24bn EFCC complex could have been built for N120bn 

Magu: N24bn EFCC complex could have been built for N120bn 

Ibrahim Magu, chairman of the Economic Crimes Commission (EFCC), has defended the use of N24 billion in building a new headquarters.Speaking with journalists during a tour of the complex in Abuja, on Wednesday, Magu said contrary to insinuations that the money is too much, the value of the building could have been five times the amount used.He said the EFCC [...]

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    Witness: Dokpesi paid me N68m for renovation, studio works

Witness: Dokpesi paid me N68m for renovation, studio works

One of the witnesses in the trial of Raymond Dokpesi, former chairman of DAAR Communications, has spoken on how he allegedly received huge sums of money from the media mogul.Testifying at the federal high court, Abuja, on Wednesday, Ayobami Oluwarinu, a prosecution witness, said Dokpesi paid him about N68 million for renovation and building work.He told the court he became [...]

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    Saraki to Magu: We’re together in the war against corruption

Saraki to Magu: We’re together in the war against corruption

Senate President Bukola Saraki has assured Ibrahim Magu, chairman of the Economic and Financial Crimes Commission (EFCC), that he is with him in the fight against corruption.Saraki said this on Tuesday while speaking with journalists after a tour the new headquarters of the commission in Jabi, Abuja.Saraki said he would continue to support efforts to build and strengthen the country's [...]

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    Report: EFCC traces $4.5m missing from Ibru’s properties to UK

Report: EFCC traces $4.5m missing from Ibru’s properties to UK

The Economic and Financial Crimes Commission( EFCC) has traced the  “missing” funds from sale of properties confiscated from Cecilia Ibru, former managing director/chief executive officer of Oceanic Bank, to the UK. About $4.5 million is said to be unaccounted for, out of the over $7 million recovered from the sale of 61 of such properties in Dubai.The properties were confiscated in [...]

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    Secondus writes EFCC: I never received any money from Dasuki

Secondus writes EFCC: I never received any money from Dasuki

Uche Secondus, the national chairman of the Peoples Democratic Party (PDP), has asked the Economic and Financial Crimes Commission (EFCC) to stop “vandalising” his name over allegations of looting.In a letter addressed to Ibrahim Magu, EFCC acting chairman, Secondus said he never collected any money from Sambo Dasuki, former national security adviser (NSA), as is being alleged.The former NSA is [...]

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    Report: $4.5m missing from confiscation of properties traced to Cecilia Ibru

Report: $4.5m missing from confiscation of properties traced to Cecilia Ibru

Some properties traced to Cecilia Ibru, former managing director/chief executive officer of Oceanic Bank, are reportedly entangled in controversy, years after they were confiscated.In 2010, a federal high court in Lagos convicted Ibru of money laundering and sentenced her to 18 months imprisonment.She was ordered to forfeit to the federal government N191 billion worth of assets located in Nigeria, US, and [...]

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    Magu appears before reps panel

Magu appears before reps panel

Ibrahim Magu, acting chairman of the Economic and Financial Crimes Commission (EFCC) is currently appearing before the house of representatives committee on emergency and disaster preparedness.The committee is investigating the alleged breach of public trust at the National Emergency Management Agency (NEMA).They are also investigating the alleged illegal suspension of six officials of the agency by its governing board. [...]

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    Report: N310m worth of cars bought for Secondus in 17 months

Report: N310m worth of cars bought for Secondus in 17 months

Uche Secondus, national chairman of the Peoples Democratic Party (PDP), allegedly received exotic cars worth over N310 million, according to the Economic and Financial Crimes Commission (EFCC).The cars were said to have been purchased for him between June 28, 2013 and November 2014, allegedly from the proceeds of "shady oil deals" under the administration of ex-President Goodluck Jonathan.Secondus became the acting [...]

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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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