Friday, August 9, 2019

Tag "Ibrahim Magu"

    EFCC hands over another Badeh’s asset to North-East Development Commission

EFCC hands over another Badeh’s asset to North-East Development Commission

The Economic and Financial Crimes Commission (EFCC) has handed over a 13 bedroom, one-story building, forfeited by the late Alex Badeh, former chief of defence staff, to the management of the North-East Development Commission (NEDC).On July 18, the EFCC had handed over one of the properties seized from the deceased to the Voice of Nigeria (VON).The anti-graft agency also explained [...]

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    Alaafin: Why senate under Saraki frustrated Magu

Alaafin: Why senate under Saraki frustrated Magu

Lamidi Adeyemi III, the alaafin of Oyo, says the senate under Bukola Saraki frustrated the confirmation of Ibrahim Magu as EFCC chairman because its members had something to hide.The alaafin’s comment was contained in a statement issued by Tony Orilade, EFCC spokesman, on Thursday.According to the statement,  the monarch made the declaration in his palace when Friday Ebelo, Ibadan Zonal [...]

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    Magu on anti-graft war: Collaboration with some countries has been fruitless

Magu on anti-graft war: Collaboration with some countries has been fruitless

Ibrahim Magu, acting chairman of the Economic and Financial Crimes Commission (EFCC), says the commission encounters difficulties in repatriating stolen funds.According to Tony Orilade, the commission’s spokesman, Magu said this when Joe Abah, director of DAI Nigeria, visited him at his office in Abuja on Friday.DAI is an international development firm implementing programmes covering governance in more than 100 countries worldwide.The [...]

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    Magu: UK too slow on Diezani… no kobo recovered from her $2.4bn loot

Magu: UK too slow on Diezani… no kobo recovered from her $2.4bn loot

Ibrahim Magu, acting chairman of the Economic and Financial Crimes Commission (EFCC), has accused the UK authorities of being too slow with the prosecution of Diezani Alison-Madueke, former minister of petroleum.Speaking on Wednesday while receiving a team of International Criminal Police Organisation (Interpol) at the commission's headquarters in Abuja, Magu said the case has festered for the past four years [...]

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    You are on a wild goose chase, Saraki replies EFCC

You are on a wild goose chase, Saraki replies EFCC

Bukola Saraki, former president of the senate, says the Economic and Financial Crimes Commission (EFCC) is on a "wild goose chase."Saraki spoke in response to a statement credited to the EFCC.On Sunday, the anti-graft agency alleged that the former Kwara governor is behind a media campaign against Ibrahim Magu, EFCC acting chairman.But in a statement on Monday, Yusuph Olaniyonu, Saraki's [...]

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    Campaign against Magu won’t save you, EFCC tells Saraki

Campaign against Magu won’t save you, EFCC tells Saraki

The Economic and Financial Crimes Commission (EFCC) says no amount of media campaign against Ibrahim Magu, its acting chairman, will stop the prosecution of Bukola Saraki, former president of the senate.In a statement on Sunday, Tony Orilade, EFCC spokesman, alleged that Saraki made a false claim against Magu.He said the anti-graft agency would not be distracted by such claims.“We wish [...]

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    Magu to students: Stay away from ‘Yahoo-Yahoo’

Magu to students: Stay away from ‘Yahoo-Yahoo’

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    Magu: Some governors promoting insecurity to inflate security vote

Magu: Some governors promoting insecurity to inflate security vote

Ibrahim Magu, acting chairman of the Economic and Financial Crimes Commission (EFCC), has accused governors of promoting insecurity in their states in order to inflate their security votes.Presenting a paper on Wednesday in Abuja at the just-concluded induction programme for the returning and newly elected governors by the Nigeria Governors Forum (NGF), Magu urged the governors to be transparent [...]

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    N5bn libel suit: DSS report on Magu inadmissible, court rules

N5bn libel suit: DSS report on Magu inadmissible, court rules

A high court sitting in Ikeja has declared as inadmissible, a copy of the Department of State Services (DSS) report to the Nigerian senate on Ibrahim Magu, acting chairman of the Economic and Financial Crimes Commission (EFCC).Doris Okuwobi, the presiding judge, gave the a ruling on Thursday during the ongoing N5 billion libel suit filed by Magu against the publishers [...]

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    Magu: Some bankers launder funds for terrorists

Magu: Some bankers launder funds for terrorists

Ibrahim Magu, acting chairman of the Economic and Financial Crimes Commission (EFCC), says some “fraudsters in banks are laundering public funds for corrupt politicians and terrorists".Magu made the assertion during a meeting with compliance officers of different banks in Port Harcourt, the Rivers state capital on Friday.According to him, apart from colluding with the corrupt politicians and "terrorists", the banks [...]

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    Saraki: Why Magu was never confirmed as EFCC chairman

Saraki: Why Magu was never confirmed as EFCC chairman

Senate President Bukola Saraki has explained why the senate did not confirm Ibrahim Magu as chairman of the Economic and Financial Crimes Commission (EFCC).Saraki gave the explanation on Monday at the orientation programme organised for senators-elect and house of representatives members-elect ahead of the inauguration of ninth national assembly in Abuja.The country’s number three citizen said having rejected Magu's nomination [...]

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    Magu ‘diverting attention from corruption under Buhari’

Magu ‘diverting attention from corruption under Buhari’

Reno Omokri, former aide of ex-President Goodluck Jonathan, says the claim that N1.3 trillion was stolen between 2011 and 2015 was untrue.In a statement on Tuesday, Omokri said the claim by Ibrahim Magu, acting chairman of the Economic and Financial Crimes Commission (EFCC), is an attempt to divert attention from a recent report of US State Department "which directly indicted" [...]

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    Magu: Over N1.3trn was stolen under Jonathan

Magu: Over N1.3trn was stolen under Jonathan

Ibrahim Magu, acting chairman of the Economic and Financial Crimes Commission (EFCC), says at least N1.3 trillion was stolen between 2011 and 2015.Magu said the money stolen during those years -- when former President Goodluck Jonathan was in power -- was by 32 entities, including private individuals and organisations.He said this during his keynote address at the 2019 first batch [...]

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    Timi Frank describes arrest of Atiku’s lawyer as witch-hunt

Timi Frank describes arrest of Atiku’s lawyer as witch-hunt

Timi Frank, former deputy spokesman of the All Progressives Congress (APC), has described the arrest of Uyiekpen Giwa-Osagie by the Economic and Financial Crimes Commission (EFCC), as a political witch-hunt by the APC.On Monday, the EFCC had arrested Giwa-Osagie, lawyer to Atiku Abubakar, presidential candidate of the Peoples Democratic Party (PDP), over alleged money laundering.In a statement on Tuesday, Frank [...]

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    Magu: Swiss govt has returned $1bn Abacha Loot since 1999

Magu: Swiss govt has returned $1bn Abacha Loot since 1999

Ibrahim Magu, acting chairman of the Economic and Financial Crimes Commission (EFCC), says the Swiss government has returned about $1 billion Abacha Loot to Nigeria since 1999.Magu made the disclosure on Thursday while speaking at the International Association of Anti-Corruption Authorities (IAACA) in Vienna, Austria.Tony Orilade, EFCC’s acting head of media and publicity, quoted Magu as saying the anti-graft commission [...]

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    EFCC: More corrupt persons will be jailed this year

EFCC: More corrupt persons will be jailed this year

Ibrahim Magu, acting chairman of the Economic and Financial Crimes Commission (EFCC), says the anti-graft body is working to secure more convictions in 2019.Tony Orilade, acting spokesman of the agency, quoted Magu as saying this while on a tour of the Lagos office of the commission on Thursday.The acting chairman said the commission would continue to rid the country [...]

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Exchange Rates

August 08, 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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