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Tag Archives: EFCC

EFCC Nabs Lecturer for Squandering N19m Ph.D. Tetfund Scholarship

EFCC Nabs Lecturer for Squandering N19m Ph.D. Tetfund Scholarship

The Economic and Financial Crimes Commission, EFCC, Makurdi Zonal Office on Friday, June 7, 2019 arraigned one Moses Peter Adoga before Justice Simon O. Aboki of the Nasarawa State High Court sitting in Lafia, Nasarawa State. Adoga was arraigned on a one-count charge for dishonestly converting the sum of N19,765,200 (Nineteen Million, Seven Hundred and Sixty Five Thousand Two Hundred ... Read More »

AGF validates EFCC’s move to investigate Saraki for alleged corrupt activities

AGF validates EFCC’s move to investigate Saraki for alleged corrupt activities

The Office of the Attorney-General of the Federation has validated the move by the Economic and Financial Crimes Commission (EFCC) and any other law enforcement agency to investigate the outgoing Senate President, Dr Bukola Saraki, for alleged corrupt activities. Responding to the fundamental right enforcement suit filed by Saraki to stop his probe by the EFCC, the AGF office said ... Read More »

EFCC to arraign woman who claimed snake swallowed N35m in Benue

EFCC to arraign woman who claimed snake swallowed N35m in Benue

The Economic and Financial Crimes Commission (EFCC) says it is set to arraign an official of the Joint Admission and Matriculation Board, Philomina Chieshe, over the missing N35m in her custody, which she said was swallowed by a snake in Makurdi, Benue State. The EFCC’s acting Head, Media and Publicity, Tony Orilade, in a statement, said Chieshe would be arraigned ... Read More »

EFCC denies Rochas Okorocha’s arrest

EFCC denies Rochas Okorocha’s arrest

The Economic and Financial Crimes Commission has denied the arrest of the immediate past governor of Imo State Rochas Okorocha. The anti-graft agency spokesperson, Tony Oriade, in an exclusive chat with The Guardian said the report is “fake news”. Some local news platforms reported that the anti-graft agency operatives on Thursday evening stormed Ogboko to arrest Okorocha, his wife Nkechi ... Read More »

Breaking: Live ammunitions, guns, N60m, jeep recovered from Zamfara SSG’s brother

Breaking: Live ammunitions, guns, N60m, jeep recovered from Zamfara SSG’s brother

The Economic and Financial Crimes Commission, EFCC, Sokoto zonal office, on Tuesday, May 28, 2019 arrested one suspected politician with N60, 000, 000 (Sixty Million Naira) cash. The suspect Murtala Muhammad who is alleged to be a brother to Secretary to the Zamfara State Government, Professor Abdullahi Shinkafi, was arrested at No.145 Igala Hausing Estate, Off Byepass Road, Gusau, Zamfara ... Read More »

NAWOJ Wants EFCC to Release Investigation Report on NUJ Housing fraud

NAWOJ Wants EFCC to Release Investigation Report on NUJ Housing fraud

Chairperson of Nigeria Association of Women Journalist (NAWOJ) in Lagos, Hajia Sekinah Lawal, has called on the Economic and Financial Crimes Commission (EFCC) to release the outcome of its investigations into the over N150million Nigeria Union of Journalists (NUJ) housing scheme fraud. Hajia Lawal made the request at a news conference in Ikeja on Monday. She said that after two ... Read More »

EFCC arrests proprietor, students of ‘Yahoo Yahoo’ training school in Lagos

EFCC arrests proprietor, students of ‘Yahoo Yahoo’ training school in Lagos

The Economic and Financial Crimes Commission, EFCC, Lagos Zonal Office, has arrested Frank Chinedu, suspected to be the proprietor of a ‘Yahoo Yahoo’ training school in Lagos. EFCC spokesman, Tony Orilade, made the announcement in a statement on Tuesday. Chinedu, 22, was arrested alongside eight students of the unnamed training centre located at 14 Animashaun Street, Progressive Estate, Ojodu Berger, ... Read More »

EFCC re-arraigns Skye Bank Chair, Tunde Ayeni; MD, Oguntayo, over alleged N8bn fraud

EFCC re-arraigns Skye Bank Chair, Tunde Ayeni; MD, Oguntayo, over alleged N8bn fraud

The Economic and Financial Crimes Commission, EFCC, on May 27, 2019 re-arraigned a former Chairman, Board of Directors, Skye Bank Plc (now Polaris Bank), and the former Managing Director, MD of the Bank, Timothy Ajani Oguntayo, before Justice Ijeoma Ojukwu, of a Federal High Court, Abuja, on an eight-count charge bordering on money laundering to the tune of N8 billion. ... Read More »

EFCC Secures Conviction of Gombe Internal Revenue Chair, Three Others for N25m Fraud

EFCC Secures Conviction of Gombe Internal Revenue Chair, Three Others for N25m Fraud

By Adebola Owolola The Economic and Financial Crimes Commission, EFCC Gombe Zonal office on May 16, 2019 secured the conviction of Atiku Mu’azu Bayum, Mohammed Adi, Ibrahim Abubakar and Abubakar Usman on a two-count charge bordering on conspiracy and theft before Justice Beatrice Iliya of the Gombe State High Court, sitting in Gombe. They were alleged to have as Chairman, ... Read More »

Alleged N450m Fraud: EFCC Names Recipients Of N126.5m Disbursed By Belgore

Alleged N450m Fraud: EFCC Names Recipients Of N126.5m Disbursed By Belgore

By Adebola Owolola The Economic and Financial Crimes Commission, on Wednesday, May 15, 2019, told Justice Rilwan Aikwa of the Federal High Court sitting in Ikoyi, Lagos how Muhammed Belgore, a governorship candidate of the Peoples Democratic Party, PDP, in the 2011 Kwara State gubernatorial election, disbursed a sum of N126,500,000 (One Hundred and Twenty- six Million, Five Hundred Thousand ... Read More »

Certificate Forgery:  EFCC Presents 8th Witness Against Rep member

Certificate Forgery: EFCC Presents 8th Witness Against Rep member

By Owolola Adebola The Economic and Financial Crimes Commission, EFCC, has presented its eight witness against a serving member of the Federal House of Representatives, Nse Bassey Ekpeyong, who is facing trial on a ten- count amended charge bordering on forgery and uttering of documents, before Justice Ifeoma Ojukwu of the Federal High Court sitting in Uyo, Akwa- Ibom State. ... Read More »

EFCC arrests Galaxy Transport CEO Dalori over N7bn fraud

EFCC arrests Galaxy Transport CEO Dalori over N7bn fraud

The Economic and Financial Crimes Commission (EFCC) has arrested the Chief Executive Officer (CEO) of Galaxy Transportation and Construction Services Limited, Mr Babagana Dalori. Dalori was arrested for allegedly defrauding no fewer than 27, 400 Nigerians to the tune of about N7 billion through fake promises of mouth-watering returns on their investment in his companies. The commission’s Acting Publicity Secretary, ... Read More »

Why We Re-arrested Justice Ofili-Ajumogobia After Court’s Ruling-EFCC

Why We Re-arrested Justice Ofili-Ajumogobia After Court’s Ruling-EFCC

The Economic and Financial Crimes Commission, EFCC, on Tuesday, April 16, 2019, said it re-arrested Justice Rita Ofili-Ajumogobia to enable it to prefer a fresh criminal charge against her. The Commission pointed out that it re-arrested her in line with the decision of the Appeal Court, Lagos Division, in a case involving Justice Hyeladzira Nganjiwa, where it said that a ... Read More »

EFCC Presents Fresh Evidence Against Akingbola

EFCC Presents Fresh Evidence Against Akingbola

By Owolola Adebola The trial of Erastus Akingbola, a former Managing Director of the defunct Intercontinental Bank Plc, continued on April 5, 2019 with the Economic and Financial Crimes Commission, EFCC, presenting fresh evidence against him. Akingbola is standing trial on an amended 22-count charge bordering on abuse of office, conversion of funds belonging to Intercontinental Bank Plc, and stealing. ... Read More »

Magu Defends EFCC’s N22 Billion Budget

Magu Defends EFCC’s N22 Billion Budget

By Owolola Adebola The Acting Chairman of the Economic and Financial Crimes Commission, (EFCC), Ibrahim Magu on Thursday, April 4, 2019 defended the Commission’s 2019 budget proposal of N22, 070,514,431.00, (Twenty Two Billion, Seventy Million, Five Hundred and Fourteen Thousand, Four Hundred and Thirty One Naira) before the House Committee on Anti-corruption and Financial Crimes. In his presentation, Magu lamented ... Read More »

EFCC is Not Probing Outgoing APC Governors Amosun, Okorocha, Yari- Spokesperson

EFCC is Not Probing Outgoing APC Governors Amosun, Okorocha, Yari- Spokesperson

“The report is a figment of the imagination of the reporter as everything about the setting of the teams ended with the first paragraph without details of such teams being set up.” Press release: EFCC is Not Probing Outgoing APC Governors Amosun, Okorocha, Yari The attention of the Economic and Financial Crimes Commission, EFCC has been drawn to a lead ... Read More »

How PDP Chair, Others Were Bribed With N500m-Witness

How PDP Chair, Others Were Bribed With N500m-Witness

Mr. Owolanke Michael, a prosecution witness in the ongoing trial of Clement Faboyode, Chairman, Ondo State chapter of the Peoples Democratic Party, PDP, and Modupe Adetokunbo, former Director-General, Goodluck Jonathan/Namadi Sambo 2015 Presidential Organisation, on Friday, March 29, 2019 told Justice Saliu Saidu of the Federal High Court, sitting in Ikoyi, Lagos how he paid the defendants the sum of ... Read More »

Nigeria Lost N1.3 Trillion To Theft Under Jonathan – Magu

Nigeria Lost N1.3 Trillion To Theft Under Jonathan – Magu

Ibrahim Magu, the acting chairman of the Economic and Financial Crimes Commission (EFCC), has said that about N 1.3 trillion was stolen in government coffers between 2011 and 2015, a period that represents Goodluck Jonathan’s reign as Nigerian President. According to the EFCC’s boss, 32 entities carted away the said amount. While speaking to trainees of a programme organised by ... Read More »

EFCC arrests Kwara commissioners, Head of Service, Chief of Staff, others over withdrawal of N1 billion  before elections

EFCC arrests Kwara commissioners, Head of Service, Chief of Staff, others over withdrawal of N1 billion before elections

The Economic and Financial Crimes Commission has arrested six commissioners and government officials in Kwara State for allegedly withdrawing N1bn a week before the National Assembly and presidential elections held on February 23. The information is contained in an EFCC situation report released on Friday. Those arrested, according to the report, include the Commissioner for Finance, Nurudeen Banu; Accountant General, ... Read More »

CBN, EFCC Strategize Against Economic Crimes, May Bar Culprits From Operating Bank Accounts

CBN, EFCC Strategize Against Economic Crimes, May Bar Culprits From Operating Bank Accounts

Officials of the Central Bank of Nigeria (CBN) and their counterparts in the Economic and Financial Crimes Commission (EFCC) met on Thursday, March 7, 2019, with the aim of strengthening the country’s fight against economic crimes. The meeting, which took place at the Head Office of the CBN in Abuja, provided an opportunity for the two entities to share experiences ... Read More »