Monday, September 10, 2018

Tag "fraud"

    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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Exchange Rates

September 10, 2018USDGBPEUR
INTERBANK360.45480.18420.32
LAGOS360485425
KANO361483423
PH362482423
ABUJA362481423
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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