Monday, March 18, 2019

Tag "Ibrahim Magu"

    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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    EFCC: We’ll monitor campaign funds for 2019 elections

EFCC: We’ll monitor campaign funds for 2019 elections

Ibrahim Magu, acting chairman of the Economic and Financial Crimes Commission (EFCC), says the agency will monitor campaign funds donated to political parties for the 2019 elections as well as donors' identities.Magu said this on Wednesday while presenting a paper at a one-day retreat for 36 state governors and key election stakeholders.Represented by Olanipekun Olukoyede, his chief of staff, the [...]

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    EFCC ‘seizes’ over 20 houses from Diezani, five from Fayose, Dasuki

EFCC ‘seizes’ over 20 houses from Diezani, five from Fayose, Dasuki

Former governors, ex-ministers, top military officers and businessmen are among owners of the properties seized by the Economic and Financial Crimes Commission (EFCC).The highlights of the forfeiture were contained in a document obtained by The Nation.The document indicates that the EFCC is empowered by the law to place all suspicious assets under interim assets forfeiture – in line with sections 28 [...]

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    Is Magu still Nigeria’s most dangerous man?

Is Magu still Nigeria’s most dangerous man?

It’s a surprise that the acting Chairman of the Economic and Financial Crimes Commission (EFCC), Ibrahim Magu, is still standing.His appointment had been barely announced when some folks with very long memory of their unpleasant encounter with him in their earlier life stuck the knife in his back; they’ve been twisting it since.They have been at it now for three [...]

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    Magu to Nigerians: Whether you vote Buhari’s government or not — be vigilant in 2019

Magu to Nigerians: Whether you vote Buhari’s government or not — be vigilant in 2019

Ibrahim Magu, acting-chairman of the Economic and Financial Crimes Commission (EFCC), has asked Nigerians to be vigilant in 2019.Speaking in Gombe state on Monday, the anti-graft czar said vigilance is important whether Nigerians vote for the current administration or change leadership.He also appealed to every Nigerian to take ownership of the fight against corruption.“As we move closer to the general elections where [...]

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    Akpabio still under investigation, says Magu

Akpabio still under investigation, says Magu

Ibrahim Magu, acting chairman of the Economic and Financial Crimes Commission (EFCC), says Godswill Akpabio, former minority leader of the senate, is still under investigation.Akpabio, who left office as governor of Akwa Ibom state in 2015, had been grilled on several occasions by the EFCC over allegations of fraud.Leo Ekpenyong, a lawyer and activist, had petitioned the anti-graft agency, accusing [...]

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    Magu: No hiding place for defecting politicians

Magu: No hiding place for defecting politicians

Ibrahim Magu, acting chairman of the Economic and Financial Crimes Commission (EFCC), says politicians defecting from one party to another would not be shielded from prosecution by the anti-graft agency.There have been allegations that some politicians joined the ruling All Progressives Congress (APC) to prevent being prosecuted by the commission.But speaking during a parley with editors in Lagos on Wednesday, [...]

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    Harvest time at EFCC?

Harvest time at EFCC?

BY UCHE UGBOAJAHIf you are an avid social media follower, one of the sneering comments from those suspected to have been engaged to hound the acting chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ibrahim Mustapha Magu, a police commissioner, is one that portrays him as incapable of expressing himself. Although Magu would be the first to admit [...]

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    Magu: EFCC ready to assist banks on verge of collapse

Magu: EFCC ready to assist banks on verge of collapse

Ibrahim Magu, acting chairman of the Economic and Financial Crimes Commission (EFCC), says a number of Nigerian banks are on the brink of collapse due to huge debts owed by "unscrupulous customers".Magu spoke on Thursday at an interactive session with the Association of Chief Compliance Officers of Banks in Nigeria.In a statement released by Wilson Uwujaren, EFCC spokesman, Magu said [...]

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    Junaid: EFCC at war with DSS, there’s terrible confusion in NIA

Junaid: EFCC at war with DSS, there’s terrible confusion in NIA

Junaid Mohammed, a second republic lawmaker, has alleged that there is infighting between the nation's security and anti-graft agencies.He said the Economic and Financial Crimes Commission (EFCC) is “at war” with the Department of State Services (DSS), and that there is "terrible confusion" at the National Intelligence Agency (NIA).Mohammed said this on Monday while speaking on Channels Television. President Muhammadu [...]

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    Magu: We recovered over N500bn in two years

Magu: We recovered over N500bn in two years

Ibrahim Magu, acting chairman of the Economic and Financial Crimes Commission (EFCC), says the anti-graft agency has secured 486 convictions and recovered over N500 billion in two and half years.Magu said this on Tuesday at the commissioning of new headquarters of EFCC in Abuja.According to him, the EFCC is also making giant strides in high profile cases including the conviction [...]

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    PHOTOS: Buhari counts fake dollars at new EFCC head office

PHOTOS: Buhari counts fake dollars at new EFCC head office

It's not every day that Nigerians get to see their president holding dollars.But this was the amusing scene at the new head office of the Economic and Financial Crimes Commission (EFCC) in Abuja on Tuesday.After inaugurating the building said to be worth N25 billion, President Muhammadu Buhari went on inspection.When he got to the exhibition stand, he was shown fake [...]

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    Magu: Maina, Lawal, Oke still under investigation — no sacred cow

Magu: Maina, Lawal, Oke still under investigation — no sacred cow

Ibrahim Magu, acting chairman of the Economic and Financial Crimes Commission (EFCC), says there is no sacred cow in the anti-corruption war.He said Adbulrasheed Maina, former chairman of the Presidential Task Force on Pension Reforms (PTFP), Babachir Lawal, former secretary to the government of the federation (SGF), and Ayo Oke, former director-general of the National Intelligence Agency (NIA), are still [...]

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    Soyinka: Anti-corruption war won’t be won until some leaders pass through EFCC doors

Soyinka: Anti-corruption war won’t be won until some leaders pass through EFCC doors

Wole Soyinka, Nobel laureate, says the struggle against corruption will not be won until some of the country's leaders pass through the doors of the Economic and Financial Crimes Commission (EFCC).Soyinka said this on Monday while speaking at the opening ceremony of the 8th Commonwealth Regional Conference for Heads of Anti-Corruption Agencies in Abuja.The professor said the country had been [...]

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Exchange Rates

March 15, 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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