Sunday, August 4, 2019

Tag "EFCC"

    EFCC arraigns ex-bankers for defrauding late Ado Bayero

EFCC arraigns ex-bankers for defrauding late Ado Bayero

Three former bank employees Amina Magaji, Haruna Bulama Namadi and Muhammed Abdullahi were on Monday arraigned before Faruk Lawan, justice of the Kano state high court Kano for defrauding Ado Bayero, the late emir of Kano, to the tune of N17 million.A statement by the Economic and Financial Crimes Commission said that the principal accused person, Magaji, was appointed account [...]

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    Judge convicts Igbinedion’s brother for N25bn scam

Judge convicts Igbinedion’s brother for N25bn scam

J. Liman, a justice of the federal high court Benin, Edo state, on Wednesday convicted Michael Igbinedion, younger brother of Lucky Igbinedion, former Edo state governor, and Charles Eboigbodin for their involvement in a N25 billion scam.According to Wilson Uwujaren, spokesman of the Economic and Financial Crimes Commission (EFCC), the two alongside their companies – Gava Corporation Limited, Romrig Nigeria Limited, PML [...]

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    EFCC resumes N19.2bn fraud trial of Sylva

EFCC resumes N19.2bn fraud trial of Sylva

Timipre Sylva, former governor of Bayelsa state, will appear at the federal high court in Abuja on Tuesday to resume the trial of the alleged N19.2 billion money laundering instituted against him and his co-accused.The Economic and Financial Crimes Commission (EFCC) levelled the charges against Sylva, Francis Okoburo, Gbenga Balogun and Samuel Ogbuku.They were accused of using three companies – Marlin [...]

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    Nnamani to face N5bn corruption suit alone

Nnamani to face N5bn corruption suit alone

A federal high court in Lagos has granted a request by the Economic and Financial Crimes Commission (EFCC) to separately prosecute Chimaroke Nnamani , former governor of Enugu state, for alleged N5 billion fraud.Nnamani's trial, which began in 2007, had suffered monumental delays, partly owing to his frequent applications to travel abroad for medical treatment.Nnamani served as Enugu state governor from [...]

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    Soludo innocent of bribery allegations, says EFCC

Soludo innocent of bribery allegations, says EFCC

The Economic and Financial Crimes Commission (EFCC) has declared Chukwuma Soludo, former Central Bank of Nigeria (CBN) governor, innocent of complicity in an alleged scam involving the CBN, Nigerian Security Printing and Minting (NSPM) Plc and Securency Pty Limited of Australia.Soludo, alongside other officials of the CBN and NSPM, was accused of accepting bribes to effectuate the change of some [...]

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    Jonathan wants to arrest Tinubu, says APC

Jonathan wants to arrest Tinubu, says APC

The All Progressives Congress (APC) is alleging that the Goodluck Jonathan government has concluded plans to arrest Bola Ahmed Tinubu, its national leader, and other financiers of the party.The party, which made this allegation on Saturday through Lai Mohammed, its spokesman, said the Peoples Democratic Party (PDP) was plotting to “decimate the opposition and gain an undue advantage ahead of the [...]

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    Supreme court revives Dariye’s corruption trial

Supreme court revives Dariye’s corruption trial

The Supreme court has ordered Joshua Dariye, a serving senator and former governor of Plateau state, to submit himself for trial on corruption and money laundering charges.Sylvester Ngwuta, who led the five-man bench, ruled that the former governor’s appeal was lacking in merit and ordered Dariye to return to the federal capital territory high court in Abuja, to face his [...]

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    Court jails prisons deputy comptroller for theft

Court jails prisons deputy comptroller for theft

C O Ogisi, a justice of Delta state high court, Sapele, on Wednesday convicted and sentenced Diete Wure Wisdom, a former deputy comptroller in charge of Ogwashi-Uku prison in the state, and Ayamede Peter, a senior inspector of prison, to three years in prison.Their offence was stealing 27, 200 litres of automotive gas oil stored in exhibit trucks, left in [...]

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    EFCC declares Nyako, son wanted

EFCC declares Nyako, son wanted

The Economic and Financial Crimes Commission (EFCC) has declared Murtala Nyako, former governor of Adamawa state, and his son, Abdul Aziz, wanted.Wilson Uwujaren, the spokesman of the commission, announced this in a statement issued on Wednesday."The duo of Murtala Nyako, former governor of Adamawa state and Abdul Aziz Murtala Nyako, are wanted by the Economic and Financial Crimes Commission (EFCC) [...]

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    Babalakin’s firms ask court to quash charge in Ibori case

Babalakin’s firms ask court to quash charge in Ibori case

Two companies owned by Wale Babalakin – Stabilini Visioni Ltd and Bi-Courtney Limited – have asked a high court in Ikeja to quash the N4.7 billion fraud charge preferred against them.This is contained in separate preliminary notices of objection filed by the counsel to the companies before Justice Lateef Lawal-Akapo.They argued that the charge was defective, unconstitutional and an abuse [...]

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    $8.3m fraud: Separate trial for Ajudua’s co-accused

$8.3m fraud: Separate trial for Ajudua’s co-accused

A Lagos high court sitting in Ikeja has ordered a separate trial for a court registrar, Idowu Rosulu, who is standing trial alongside Fred Ajudua for allegedly defrauding Ishaya Bamaiyi, erstwhile chief of army staff, of about $8.39 million.The Economic and Financial Crimes Commission (EFCC) had charged Rosulu along with Ajudua (pictured) for defrauding Bamaiyi between November 2004 and June 2005 [...]

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    Ikuforiji free of N600m money laundering case

Ikuforiji free of N600m money laundering case

Adeyemi Ikuforiji, the speaker of the Lagos state house of assembly, has been cleared of the money laundering charges brought against him by the Economic and Financial Crimes Commission (EFCC).Justice Ibrahim Buba delivered the judgement at the federal high court, Lagos, on Friday.Supporters of Ikuforiji who were anxious while the judge was reviewing submission from counsels, erupted into joy when the [...]

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    2015: IG vows to disqualify ‘criminal candidates’

2015: IG vows to disqualify ‘criminal candidates’

The acting inspector-general of police, Mr Suleiman Abba, says politicians with criminal records will be stopped from contesting in  the 2015 general election.His pronouncement is bound to generate controversy as the supreme court had ruled in 2007 that only a court of law can stop a candidate from contesting in an election.Abba, at his maiden meeting with state commissioners of [...]

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    Clark opposes waiver for Ribadu

Clark opposes waiver for Ribadu

Elder statesman, Edwin Clark, has opposed the granting of an automatic waiver to Mallam Nuhu Ribadu to contest the October 11 governorship election in Adamawa state as candidate of the Peoples Democratic Party (PDP).Speaking during a press conference in Abuja, Clark said Ribadu does not deserve such privilege.He urged the leadership of the party not to grant the request because [...]

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    EXCLUSIVE: Stella Oduah to run for senate

EXCLUSIVE: Stella Oduah to run for senate

Former minister of aviation, Princess Stella Oduah, will contest for a seat in the senate in 2015, TheCable has learnt.Oduah, who was dropped from the cabinet early this year after the controversial purchase of bullet-proof cars, will contest for the Anambra north slot on the platform of the Peoples Democratic Party (PDP).However, she will first have to dislodge the current [...]

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    Ex-goalies support Ejide despite shocking Scotland display

Ex-goalies support Ejide despite shocking Scotland display

Former Super Eagles goalkeepers, Alloy Agu and David Ngodigha have backed under-fire goalie, Austin Ejide, despite his shambolic display against Scotland, which brought to light the match-fixing allegation that dominated the pre-match proceedings.The National Crime Agency, United Kingdom’s equivalent of the Economic and Financial Crimes Commission (EFCC), were reported to be investigating the potential case involving the Asian betting market.Nigeria [...]

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Exchange Rates

August 01, 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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