Tag "Ibrahim Magu"

    ‘Next question!’ — Magu snubs inquiry on Tinubu bullion van petition

‘Next question!’ — Magu snubs inquiry on Tinubu bullion van petition

Ibrahim Magu, acting chairman of the Economic and Financial Crimes Commission (EFCC), snubbed a question on the petition against Bola Tinubu over alleged cash-laden bullion vans linked to him.Tinubu is the national leader of the All Progressives Congress (APC).In February, viral pictures on social media showed two bullion vans being driven into Tinubu’s Bourdillon residence in Lagos on the eve [...]

0 comment Read Full Article
    ‘He operates 51 Nigerian bank accounts’ — Magu says Mompha’s arrest an achievement

‘He operates 51 Nigerian bank accounts’ — Magu says Mompha’s arrest an achievement

Ibrahim Magu, acting chairman of the Economic and Financial Crimes Commission (EFCC), says the arrest of Ismaila Mustapha better known as Mompha and Hamza Koudeih, his associate, is a landmark achievement.Mompha was arrested in Abuja on October 18 while Koudeih was arrested in Lagos state on Tuesday.Mompha and Koudeih are alleged to have been involved in internet-related fraud and money [...]

0 comment Read Full Article
    ‘They can be useful in future’ — Magu on rehabilitating ‘Yahoo boys’

‘They can be useful in future’ — Magu on rehabilitating ‘Yahoo boys’

The Economic and Financial Crimes Commission (EFCC) says it is considering rehabilitating internet fraudsters, better known as Yahoo Yahoo boys.Ibrahim Magu, acting chairman of the agency, made this known while delivering a paper entitled, 'Strategic change administration and innovation to curb corruption in Nigeria', at the third all administrators national conference of the Chartered Institute of Administration, in Lagos, on [...]

0 comment Read Full Article
    EFCC: Why we are still keeping funds recovered from NHIS

EFCC: Why we are still keeping funds recovered from NHIS

The Economic and Financial Crimes Commission (EFCC) says it retained recovered funds from the National Health Insurance Scheme (NHIS) scheme for safety reasons.The EFCC had assisted the scheme in recovering funds from certain persons and institutions who had improper custody of such funds.In a statement on Saturday, Ayo Osinlu, NHIS spokesman, said Ibrahim Magu, chairman of the EFCC, gave assurance [...]

0 comment Read Full Article
    Magu: NGOs moving cash in north-east must get clearance from EFCC

Magu: NGOs moving cash in north-east must get clearance from EFCC

Ibrahim Magu, acting chairman of the Economic and Financial Crimes Commission (EFCC), says all non-governmental organisations (NGOs) moving cash in areas affected by Boko Haram must first be cleared by the anti-graft agency.He said this when he visited the theatre command of Operation Lafiya Dole in Maiduguri, Borno state capital, during the weekend, according to a statement by the commission.Represented [...]

0 comment Read Full Article
    EFCC: We received complaints on social investment programmes NOT N-SIP

EFCC: We received complaints on social investment programmes NOT N-SIP

The Economic and Financial Crimes Commission (EFCC) says it received complaints from some zones on social investment programmes, particularly the anchor borrowers' programme coordinated by the Central Bank of Nigeria (CBN). The commission said it never alleged there was corruption in the national social investment programme (N-SIP) coordinated by the office of the vice-president.In a statement issued on Wednesday, Wilson Uwujaren, [...]

0 comment Read Full Article
    Magu: People bagging sand as fertiliser under CBN’s anchor borrowers’ programme

Magu: People bagging sand as fertiliser under CBN’s anchor borrowers’ programme

Ibrahim Magu, acting chairman of the Economic and Financial Crimes Commission (EFCC), says some persons are bagging sand as fertiliser under the anchor borrowers' programme coordinated by the Central Bank of Nigeria.Speaking at the 15th anti-corruption situation room organised by the Human and Environmental Development Agenda (HEDA) in Kaduna, on Tuesday, the EFCC chief, who was represented by Wilson Uwujaren, [...]

0 comment Read Full Article
    EFCC investigating N-SIP ‘fraud’ in Borno, Yobe

EFCC investigating N-SIP ‘fraud’ in Borno, Yobe

Ibrahim Magu, acting chairman of the Economic and Financial Crimes Commission (EFCC), says the commission is working on fishing out those who use the National Social Investment Programmes in Borno and Yobe states for fraudulent activities.Magu spoke during a Hausa programme on Peace FM, a Maiduguri-based radio station.The N-SIP is coordinated by Maryam Uwais, special adviser to the president on social [...]

0 comment Read Full Article
    Magu: I’ve been fighting corruption without political interference

Magu: I’ve been fighting corruption without political interference

Ibrahim Magu, acting chairman of the Economic and Financial Crimes Commission (EFCC), says he has been fighting corruption without political interference.Wilson Uwujaren, EFCC spokesman, quoted Magu as saying this on Tuesday while speaking at the 49th annual conference of the Institute of Chartered Accountants of Nigeria (ICAN) in Abuja.The theme of the conference was “Building Nigeria for Sustainable Growth and [...]

0 comment Read Full Article
    Buhari: I will not interfere in EFCC’s operations

Buhari: I will not interfere in EFCC’s operations

President Muhammadu Buhari has pledged not to interfere with the operations of the Economic and Financial Crimes Commission (EFCC) as it strives to uncover and prosecute corrupt public officials.The president made the pledge at the graduation of 328 cadets of the detective superintendent course 8 of the EFCC, on Saturday, in Kaduna state.Buhari, who was represented by Boss Mustapha, secretary to [...]

0 comment Read Full Article
    Who do ‘Magu boys’ work for, EFCC or an emperor? 

Who do ‘Magu boys’ work for, EFCC or an emperor? 

A scathing detraction to professionalism in Nigeria is the customisation of public offices. Institutions are built around personalities rather than on principles and service.The corrugation of Nigeria’s public offices and institutions has a long history. But of significance is the brazen privatisation and deployment of public office to insular ends by Michael Aondooakaa, attorney-general of the federation (AGF) under Umaru [...]

0 comment Read Full Article
    Nigerians react as EFCC describes top officials of the commission as ‘Magu boys’

Nigerians react as EFCC describes top officials of the commission as ‘Magu boys’

The Economic and Financial Crimes Commission (EFCC) has come under criticisms on social media for tagging some of its operatives as 'Magu boys'.In a tweet on Thursday night, the anti-graft agency shared a photo of Mohammed Rabo, head of EFCC operations in Lagos state, and some other agents.In the tweet, the agency said the operatives were on the move to [...]

0 comment Read Full Article
    EFCC on FBI list: We arrested 28, recovered N486m

EFCC on FBI list: We arrested 28, recovered N486m

The Economic and Financial Crimes Commission (EFCC) says it arrested 28 persons and recovered N486 million in connection with the online scam being investigated by the Federal Bureau of Investigation. Speaking at a press conference in Lagos on Tuesday, Ibrahim Magu, chairman of the EFCC, said collaboration between the commission and the FBI led to the recovery of the funds.The FBI [...]

0 comment Read Full Article
    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 [...]

1 comment Read Full Article
    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 [...]

0 comment Read Full Article
    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 [...]

0 comment Read Full Article
Advertisement
Advertisement
Advertisement

Advertisement

Exchange Rates

November 06, 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.
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement