Wednesday, November 21, 2018

Tag "fraud"

    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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    I’ll return to Nigeria ‘in a matter of days’, says Ibori

I’ll return to Nigeria ‘in a matter of days’, says Ibori

James Ibori, former Delta state governor, who was released from a UK prison in December 2016, says he will return to Nigeria “in a matter of days”.A UK court convicted Ibori of fraud in 2012, and he was in prison until December.In a statement issued on Tuesday, Tony Eluemunor, Ibori’s media assistant, said: “The British government had attempted to withdraw [...]

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    Fraud convict collapses in court before sentencing

Fraud convict collapses in court before sentencing

Adaoha Ugo-Ndagi, a convicted fuel subsidy fraudster, on Friday collapsed in court before she was sentenced.Ugo-Ndagi, managing director of Ontario Oil and Gas, and Walter Wagbatsoma, an oil marketer, were convicted of eight counts of fraud.The duo forged documents to receive N1.9bn from the government for petroleum products they did not supply.Delivering her judgment, Lateefat Okunnu, justice of the Lagos [...]

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Ibori does not have to report to the police ‘at all’, says aide

Tony Eluemunor, media aide of James Ibori, says the ex-governor is not under house arrest in the United Kingdom (UK), and does not have to report to the police.Ibori was released on Wednesday after serving a jail sentence in London.However, a few hours after his release some reports said the former governor of Delta state was put under house arrest.But [...]

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    Court ‘orders’ EFCC to remand Ngilari over ‘N167m fraud’

Court ‘orders’ EFCC to remand Ngilari over ‘N167m fraud’

Nathan Musa, justice of the Adamawa state high court, on Wednesday ruled that James Ngilari, former governor of Adamawa state, should be remanded in the custody of the Economic and Financial Crimes Commission (EFCC) for alleged violation of procurement laws in awarding a N167 million contract.EFCC announced this in a statement released on Wednesday in Yola by Gbenga Aroyehun, its spokesman for [...]

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    Patience Jonathan: $15m was for my medical bills

Patience Jonathan: $15m was for my medical bills

Patience Jonathan, wife of former president Goodluck Jonathan, says the money in the accounts of four companies with domestic servants as directors, are for her foreign medical bills and other private expenses, Punch reports.Patience, in a letter written by her lawyers to the Economic and Financial Crimes Commission, said she was the sole signatory to the four Skye Bank accounts that housed [...]

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    NDIC: Banks defrauded of N18bn in 2015 – but that’s better

NDIC: Banks defrauded of N18bn in 2015 – but that’s better

Banks in Nigeria lost N18.021 billion in 2015, representing a N7.59 billion or 29.63 per cent decrease from 2014, the Nigeria Deposit Insurance Corporation (NDIC) said on Tuesday.The number of fraud cases stood at 12,279 in 2015, a 15.71 per cent increase from the 10, 612 cases reported in 2014, the corporation said in a statement released on Tuesday in Lagos by its [...]

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    Court jails ex-Kogi lawmaker for 154 years

Court jails ex-Kogi lawmaker for 154 years

A federal high court in Kogi state has convicted Gabriel Daudu, a former member of the Kogi state house of assembly and ex-caretaker chairman of Ogori/Magongo local government area of the state, for N1.4bn fraud.Daudu, who was first arraigned in April 2010, was prosecuted by the Economic and Financial Crimes Commission (EFCC) on a 208-count charge bordering on money laundering [...]

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    FIRS director arrested for tax ‘fraud’

FIRS director arrested for tax ‘fraud’

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    EFCC declares Maina wanted for ‘pension fraud’

EFCC declares Maina wanted for ‘pension fraud’

The Economic and Financial Crimes Commission (EFCC) has declared Abdulrasheed Maina, former chairman of Pension Reform Task Team (PRTT), wanted for alleged fraud.Wilson Uwujaren, spokesman of the EFCC, confirmed the development to TheCable in a text message."EFCC has declared Abdulrasheed Maina, former chairman of Pension Reform Task Team, wanted," he said tersely. "It is in relation to the charge against [...]

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    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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November 16, 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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