Tag "EFCC"

    EFCC arraigns FUTA VC, bursar for alleged N156m fraud

EFCC arraigns FUTA VC, bursar for alleged N156m fraud

The Economic and Financial Crimes Commission (EFCC), on Tuesday, arraigned Adebiyi Daramola, vice-chancellor of the Federal University of Technology Akure (FUTA), for alleged fraud. Daramola was arraigned alongside Emmanuel Oresegun, the bursar, before Justice SA Bola of the Ondo state high court Akure. According to a statement issued by Wilson Uwujaren, EFCC spokesperson, the duo is facing a nine-count charge of obtaining by false [...]

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    We have uncovered Diezani’s $37.5m Lagos mansion, says EFCC

We have uncovered Diezani’s $37.5m Lagos mansion, says EFCC

The Economic and Financial Crimes Commission (EFCC) says it has uncovered $37.5m property on Banana Island, Lagos, which Diezani Alison-Madueke allegedly acquired through a shell company. The anti-graft agency disclosed this in a statement it shared on Twitter on Saturday. https://twitter.com/officialEFCC/status/830409280150970369 A shell company is usually a dormant company used for questionable financial activities. Alison-Madueke, a former minister of petroleum, has been in the [...]

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    PHOTOS: The foreign currencies allegedly recovered from ex-NNPC boss

PHOTOS: The foreign currencies allegedly recovered from ex-NNPC boss

The Economic and Financial Crimes Commission (EFCC) has released pictures of the raid on the Kaduna residence of Andrew Yakubu, former group managing director of the Nigerian National Petroleum Corporation (NNPC). Ibrahim Magu, acting chairman of the commission, had revealed that the operation was conducted within the last two weeks. Below are pictures of the $9.8m and £74,000 allegedly recovered from Yakubu. [...]

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    EFCC: Yakubu, ex-NNPC GMD, claimed $9.8m, £74,000 found in his house were gifts

EFCC: Yakubu, ex-NNPC GMD, claimed $9.8m, £74,000 found in his house were gifts

The Economic and Financial Crimes Commission (EFCC) on Friday said Andrew Yakubu, former group managing director (GMD) of the Nigeria National Petroleum Corporation (NNPC), claimed that the sums of  $9.8m and £74, 000 found in his house were gifts. Wilson Uwujaren, EFCC spokesman, who disclosed this in a statement, said the monies were found in a hidden fire-proof safe. “A special operation [...]

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    Ozekhome: EFCC’s allegation is from the pit of hell… I’ve defeated them 5 times

Ozekhome: EFCC’s allegation is from the pit of hell… I’ve defeated them 5 times

Mike Ozekhome, a senior advocate of Nigeria (SAN), says the allegation of money laundering levelled against him by the Economic and Financial Crimes Commission (EFCC) is “insidious, odious and invidious and from the pit of hell”. According to Daily Trust, the lawyer said this on Thursday while addressing reporters in Ado-Ekiti, capital of Ekiti state. Earlier in the week, a federal high court [...]

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    The Abuja Inquirer: Kuku only trying to intimidate the media, we didn’t malign him

The Abuja Inquirer: Kuku only trying to intimidate the media, we didn’t malign him

Dan Akpovwa, publisher of The Abuja Inquirer has maintained that the publication did not malign Kingsley Kuku, former adviser to ex-President Goodluck Jonathan on amnesty programme. Ibrahim Magu, acting chairman of the Economic and Financial Crimes Commission (EFCC), may testify in a libel case instituted by Kuku. The newspaper described the suit by Kuku as frivolous, saying that it was aimed at intimidating media. Akpovwa [...]

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    Shema, ex-Katsina gov, weeps as EFCC rearrests him

Shema, ex-Katsina gov, weeps as EFCC rearrests him

Ibrahim Shema, former governor of Katsina state, broke down in tears after operatives of the Economic and Financial Crimes Commission (EFCC) rearrested him on Tuesday. Shema initially resisted the attempt to arrest him at a Katsina high court where he was arraigned. He is standing a 22-count charge bordering on alleged criminal breach of trust and misappropriation of public funds. There was a [...]

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    Plea bargain: Fani-Kayode, lawyer sing different tunes (updated)

Plea bargain: Fani-Kayode, lawyer sing different tunes (updated)

Femi Fani-Kayode, former minister of aviation, and Ahmed Raji, his counsel, are not on the same page regarding a case involving him at the federal high court in Abuja. On Monday, Raji had told the court to adjourn his client's case to allow him to explore other options of settlement. Raji made the application, saying since the money involved was "only N26m", he [...]

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    PDP collapsed, ‘nemesis’ Magu on the rise… 6 things that happened while Ibori was away

PDP collapsed, ‘nemesis’ Magu on the rise… 6 things that happened while Ibori was away

James Onanefe Ibori left Nigeria under controversial circumstances in April 2010. The Economic and Financial Crimes Commission (EFCC) had declared him wanted for refusing to honour its invitation in connection with alleged misappropriation of funds under his watch as Delta governor from 1999 to 2007. Rampaging youth foiled the plot of the anti-graft agency to arrest him in his hometown of [...]

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    Court grants ex-FCT minister’s son N100m bail

Court grants ex-FCT minister’s son N100m bail

A federal high court in Abuja has granted Shamsudeen Bala, son of former FCT minister, bail in the sum of N100m, and with two sureties in like sum. According to the court, the sureties  owners of property in Abuja or Lagos. Also, he is to deposit his international passport at the court. Bala is facing charges of money laundering to the tune of [...]

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    VIDEO: Akpobolokemi, ex-NIMASA DG, threatens to slap journalist in court

VIDEO: Akpobolokemi, ex-NIMASA DG, threatens to slap journalist in court

Patrick Akpobolokemi, former director-general of the Nigerian Maritime Administration and Safety Agency (NIMASA), recently threatened to slap a female journalist in the premises of the federal high court, Lagos. Akpobolokemi is standing trial for alleged corruption. The Economic and Financial Crimes Commission (EFCC) accused him of defrauding the federal government to the tune of N795.2million. In a video, which is now circulating on [...]

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    Shamsudeen, son of ex-FCT minister, remanded in Kuje prison

Shamsudeen, son of ex-FCT minister, remanded in Kuje prison

The federal high court, Abuja, on Wednesday ordered the remand of  Shamsudeen Bala, son of  the immediate past FCT minister, in Kuje Prison, pending ruling on his bail application. Bala was arraigned by the Economic and Financial Crime Commission (EFCC) on a 15-count charge of money laundering to the tune of N1.1bn. He pleaded not guilty to charges preferred against him. Nnamdi Dimgba, [...]

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    You must hate corruption, Magu tells EFCC staff

You must hate corruption, Magu tells EFCC staff

Ibrahim Magu, acting chairman of the Economic and Financial Crimes Commission (EFCC), has described corruption as the mother of all crimes, telling the cadets who just joined the commission that they must hate it. Maintaining that every evil is rooted in corruption, Magu admonished them to always shun acts capable of compromising their official duties. He identified courage, discipline, commitment and loyalty [...]

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    Junaid Mohammed: Whoever says Boko Haram is dead is telling lies

Junaid Mohammed: Whoever says Boko Haram is dead is telling lies

Anyone who says Boko Haram has been defeated is "telling lies", Junaid Mohammed, a former supporter-turned-fierce critic of President Muhammadu Buhari, has said. President Buhari had in December 2016 declared that the stronghold of Boko Haram in Sambisa forest had fallen and the insurgents crushed. "I want to use this opportunity to commend the determination, courage and resilience of troops of Operation Lafiya [...]

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    Magu: Men more involved in corruption than women

Magu: Men more involved in corruption than women

Ibrahim Magu, acting chairman of the Economic and Financial Crimes Commission (EFCC), has stirred a gender controversy about corruption. Speaking when the executive committee of the National Council of Women Society (NCWS) paid him a courtesy visit in Abuja, Magu said corrupt tendencies are more pronounced among males than females. “Looking at the number of people that have been apprehended by the [...]

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    Court orders return of Malabu oil block, OPL 245, to FG

Court orders return of Malabu oil block, OPL 245, to FG

The federal high court, Abuja, has given the federal government control of the controversial OPL 245, pending investigation into the $1.1 billion Malabu oil deal. John Tsoho, a judge, gave the order, following an ex parte motion filed by the Economic and Financial Crimes Commission (EFCC). The OPL245 was said to have been acquired from the federal government by Malabu Oil and Gas [...]

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