Tuesday, November 13, 2018

Tag "fraud"

    Reps recommend sack of NEMA DG, indict Osinbajo-led board over ‘illegal’ approval

Reps recommend sack of NEMA DG, indict Osinbajo-led board over ‘illegal’ approval

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 [...]

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    N7.7bn fraud: Court gives Orji Kalu 7-day ultimatum to return to Nigeria

N7.7bn fraud: Court gives Orji Kalu 7-day ultimatum to return to Nigeria

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 [...]

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    EFCC arraigns Kano governorship candidate over ‘N100m fraud’

EFCC arraigns Kano governorship candidate over ‘N100m fraud’

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 [...]

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    EFCC grills Fayose over ‘N4.7bn fraud, kickbacks’ from contractors

EFCC grills Fayose over ‘N4.7bn fraud, kickbacks’ from contractors

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 [...]

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    Orji Kalu’s ‘medical trip to Germany’ stalls N3.2bn ‘fraud’ trial

Orji Kalu’s ‘medical trip to Germany’ stalls N3.2bn ‘fraud’ trial

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 [...]

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    Yero, ex-Kaduna governor, joins governorship race

Yero, ex-Kaduna governor, joins governorship race

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 [...]

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    EXTRA: EFCC gloats over Fayose’s loss in Ekiti — and hints at arrest

EXTRA: EFCC gloats over Fayose’s loss in Ekiti — and hints at arrest

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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    Court rejects Nyame’s bail application

Court rejects Nyame’s bail application

A federal high court sitting in Abuja on Wednesday dismissed the bail application filed on behalf of Jolly Nyame, ex-governor of Taraba state. Nyame is currently  in Kuje prison, Abuja, after a judge handed him a 14-year jail sentence on May 30.The Economic and Financial Crimes Commission (EFCC) had accused Nyame of criminally misappropriating the funds while he served as governor between 1999 and [...]

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    US arrests two Nigerians over ‘million-dollar cyber fraud’

US arrests two Nigerians over ‘million-dollar cyber fraud’

US authorities say eight people have been arrested for their alleged roles in an Africa-based cyber conspiracy defrauding companies and citizens of millions of dollars.Five of the defendants – a Mexican, two Americans, a Ghanaian and a Nigerian – were arrested in the US, the justice department said.The other three, two Ghanaians and a Nigerian, were arrested outside the US [...]

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    EFCC arraigns five health ministry employees for ‘$4m fraud’

EFCC arraigns five health ministry employees for ‘$4m fraud’

The Economic and Financial Crime Commission (EFCC), on Tuesday arraigned five employees of the ministry of health for an alleged $4 million fraud.Abimbola Abioye, Wuraola Adebayo, Zubairu Ibrahim, Faturiti Jacob and Azeez Aderemi, were arraigned before O.O. Goodluck, a judge of the federal capital territory (FCT) high court, Maitama.The defendants are said to be facing a six-count charge for “criminal [...]

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    N2.6bn ‘fraud’: Appeal court acquits Akpobolokemi, ex-NIMASA DG

N2.6bn ‘fraud’: Appeal court acquits Akpobolokemi, ex-NIMASA DG

Patrick Akpobolokemi, ex-director general of Nigerian Maritime Administration and Safety Agency (NIMASA), has been acquitted of a N2.6 billion fraud charge by the Lagos division of the appeal court.Yargatta Nimpar, judge of the appeal court, upheld the no-case submission filed by Akpolokemi, after it was dismissed by a high court in October 2017.The Economic and Financial Crimes Commission (EFCC) had in [...]

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    Ehindero, ex-IGP, arraigned for alleged fraud

Ehindero, ex-IGP, arraigned for alleged fraud

Sunday Ehindero, a former inspector general of police (IGP), on Thursday appeared before an Apo district high court, Abuja, over an alleged N578 million fraud.Ehindero was arraigned alongside a former police commissioner, John Obaniyi, on a six-count charge of allegedly misusing N557,995,065 donated by the Bayelsa state government for purchasing equipment for "proper policing of the state".A sum of N16 million, [...]

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    Buhari’s NPC nominee ‘remanded in prison’ over N182m fraud

Buhari’s NPC nominee ‘remanded in prison’ over N182m fraud

Saadu Alanamu, a nominee as commissioner of the National Population Commission (NPC), has been remanded in prison over an alleged N182m fraud.Alanamu was among the 23 nominees forwarded to the senate for confirmation by President Muhammadu Buhari.In August 2017, Vice-President Yemi Osinbajo, who was acting president at the time, named Alanamu as one of the nominees to the board of the Independent [...]

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    EFCC files ‘$6.8m fraud’ charge against Globacom

EFCC files ‘$6.8m fraud’ charge against Globacom

The Economic and Financial Crimes Commission (EFCC) has filed a fraud charge against Globacom Limited, telecommunications company, before the Lagos state special offences court.The firm was said to have carried out a transaction to the tune of $6,786,674.61 in 2008 under false claims that the benefits will be paid for whereas it is “with intent to defraud”.Listed as first defendant [...]

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    Reps panel: We’ve uncovered ‘N1.6bn fraud’ at NEMA

Reps panel: We’ve uncovered ‘N1.6bn fraud’ at NEMA

A house of representatives committee says it has discovered how Mustapha Maihaja, director-general of the National Emergency Management Agency (NEMA), allegedly misused the sum of N1.6 billion meant for the purchase of relief materials.The money, released to him by the federal government in July 2017, was for intervention purposes for flood victims in 16 states.But an investigative hearing organised by the [...]

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    Reps panel probes ‘massive importation fraud’ by companies

Reps panel probes ‘massive importation fraud’ by companies

The house of representatives committee on customs has commenced investigations into alleged massive fraud by some companies through breach of importation procedures.James Faleke, chairman of the committee, disclosed this to journalists on Tuesday.The alleged breach is said to have led to a huge loss of revenue accruing to the federation account.Faleke said the committee has invited the companies involved to [...]

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Exchange Rates

November 13, 2018USDGBPEUR
INTERBANK306397354
LAGOS359475418
KANO359476420
PH360476420
ABUJA359478419
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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