The Economic and Financial Crimes Commission (EFCC) has arrested Babagana Dalori, chief executive officer of Galaxy Transportation and Construction Services Limited, for allegedly defrauding Nigerians through a ponzi scheme.The commission said 27,400 Nigerians lost N7 billion through fake promises of high returns on their investment in Dalori's companies.In a statement, Tony Orilade, EFCC spokesman, said Dalori was discovered to have [...]
Tag "fraud"
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A federal capital territory (FCT) high court has discharged Mounir Gwarzo, suspended director-general of the Securities and Exchange Commission (SEC), in the N115 million fraud suit filed against him.In his ruling on Tuesday, Hussein Baba-Yusuf, the judge, held that the prosecution could not establish any prima facie case against the defendants.Zakwanu Garba, the co-defendant and executive commissioner of the commission, [...]
Paul Manafort, American lobbyist and former chairman of the 2016 campaign of President Donald Trump, has been jailed for mortgage fraud.The charges came less than an hour after Manafort was handed a prison sentence of seven years for federal crimes.Attorney Cyrus, Manhattan district attorney, on Wednesday, charged Manafort with 16 counts charge on mortgage fraud, falsifying business records and conspiracy.The [...]
The Economic and Financial Crimes Commission (EFCC) has arraigned Tunde Ayeni, a former chairman of the board of directors, Skye Bank Plc, before a federal high court in Abuja over money laundering to the tune of about N25 billion.Ayeni was arraigned on Thursday along with Timothy Oguntayo and two companies, Control Dredging Company Ltd and Royaltex paramount Ventures Ltd.They [...]
A federal high court, sitting in Jalingo, Taraba, has ruled that the fraud case by the Economic and Financial Crimes Commission (EFCC) against Sani Danladi, former acting governor of the state, lacks merit.Danladi, alongside Mark Useni, a former speaker of the Taraba state house of assembly, and Joel Ikenya, former minister of labour and productivity, were facing trial on a two-count [...]
Lawal Ibrahim Dankaba, an ex-chairman of Association of Local Governments of Nigeria (ALGON), says the Economic and Financial Crimes Commission (EFCC) made him an accomplice in a multi-billion fraud for failing to indict Shehu Shema, a former Katsina governor, for money laundering.Dankaba said this on Wednesday while testifying at a high court in Katsina.Shema, Sani Hamisu Makana, Lawal Ahmad Safana [...]
The federal government has charged Modibbo Kawu, director-general of the Nigerian Broadcasting Commission (NBC), to an Abuja federal high court over an alleged N2.5 billion fraud.Pinnacle Communications Limited; its founder, Lucky Omonuwa, and Dipo Onifade, its managing director, were also included in the suit.The charges were filed following an investigation by the Independent Corrupt Practices and Other Related Offences Commission [...]
The Economic and Financial Crimes Commission (EFCC) has arraigned Doyin Okupe, a spokesman of the Atiku Abubakar presidential campaign organisation, over allegations of fraud.The comission arraigned Okupe before a federal high court sitting in Abuja on Monday, on a 59-count charge bordering on alleged money laundering and diversion of funds to the tune of N702 million.Okupe, who was a media [...]
Every month, the federal government spends about N15 billion as stipends on 500,000 volunteers of the N-Power scheme, a component of the National Social Investment Programmes (N-SIP). Dubbed as the largest post-tertiary employment programme in Africa, the Muhammadu Buhari government sees the scheme as one of its major achievements. Although some critics have said the programme is non-existent, this investigation that [...]
The house of representatives has indicted the governing board of National Emergency Management Agency (NEMA) chaired by Vice-President Yemi Osinbajo over "illegal approval of N5.8 billion north-east intervention fund."The lawmakers also recommended the dismissal of Mustapha Maihaja, director-general of NEMA, over alleged fraud.At plenary on Thursday, the lower legislative chamber adopted a report of its committee which also recommended the prosecution of [...]
A federal high court in Lagos has ordered Orji Kalu, former governor of Abia state, to return to Nigeria in seven days to face trial for the N7.7 billion fraud he allegedly committed as governor.Kalu, who is standing trial, was absent in court on Monday.On Friday, Kunle Oyewunmi, his spokesman, had said the former governor flew to Germany last Monday [...]
The Economic and Financial Crime Commission (EFCC) has arraigned Abdulkarim Abdulsalam, governorship candidate of the Green Party of Nigeria (GPN) in Kano state.Abdulsalam was arraigned alongside one Ebere Nzechukwu, at a federal high court sitting in the state over alleged N100 million fraud.Lewis Allagoa, the presiding judge, had ordered the anti-graft commission to produce all the defendants.However, Johnson Ojogbane, the [...]
The Economic and Financial Crimes Commission (EFCC) is said to have interrogated Ayodele Fayose, ex-governor of Ekiti state, over allegations of N4.7 billion fraud.Vanguard is reporting that the commission accused Fayose of retaining a part of the money which he allegedly received from the office of the national security adviser (ONSA) during the past administration.He was alleged to have received [...]
A federal high court in Lagos state has adjourned the trial of Orji Uzor Kalu, a former governor of Abia state, till September 20 and 21 due to his absence in court.Goddy Uche, Kalu's counsel, attributed his absence to a trip to Germany for a medical surgery.Led by Awa Kalu, the defence, had on May 28 filed a no-case submission [...]
Ramalan Yero, a former governor of Kaduna state, has declared his interest to run for the state's governorship election in 2019.Yero presented his letter of intent to contest the election at the state chapter of the Peoples Democratic Party (PDP)’s secretariat on Monday.The former governor is currently under investigation by the Economic and Financial Crimes Commission (EFCC), for alleged fraud.In [...]
The Economic and Financial Crimes Commission EFCC) on Sunday hinted that it is dusting off its shelves the case of the integrated poultry project against Ayodele Fayose, governor of Ekiti state.The anti-graft agency filed the N1.3bn fraud case against Fayose in 2005.The case led to his impeachment from office in 2006."The parri is over; The cloak of immunity torn apart, and [...]
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