Thursday, May 23, 2019

Tag "Ibrahim Magu"

    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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    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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Exchange Rates

May 16, 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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