Oil theft: Nigerian Army Hands Over Tugboat and Barge to EFCC
The Economic and Financial Crimes Commission, EFCC, today May 3, 2018 took delivery of a tugboat (MV Omar Success) and a Barge (EBIs 1) allegedly used for illegal oil bunkering for further investigation and prosecution. The tugboat was handed over by Sector 1, Operation Delta Saf…
MTN Foundation: EFCC Docks Three For N4.5m Fraud
The Economic and Financial Crimes Commission, EFCC, Lagos Zonal office, on Thursday, May 3, 2018, arraigned the trio of Owolabi Kayode Samuel, Esther Olubukola Mate and Abimbola David-Orugun before Justice Hakeem Oshodi of the Lagos State High Court sitting in Ikeja, on a three-c…
Man Bags 3Years Jail Term for N.8m Fraud
The Economic and Financial Crimes Commission, EFCC, Gombe zonal office, today secured the conviction of one Danladi Joshua before Justice Beatrice Iliya of Gombe State High Court, on a two count charge bordering on criminal breach of trust and theft. The case was triggered by a p…
Court Orders Final Forfeiture of Properties, N11.4m
Justice M. S. Hassan of the Federal High Court sitting in Ikoyi, Lagos, on Thursday, May 3, 2018, ordered the final forfeiture of two different properties and the sum of N 11,040,000.00( Eleven Million, Forty Thousand Naira) belonging to two Naval officers and their company to th…
Magu Unveils EFCC FC Jersey
Ibrahim Magu, Acting Chairman, Economic and Financial Crimes Commission, EFCC, has accentuated the need to adopt proactive measures such as sports in order to effectively fight corruption. “Football as a sport is not new and we take delight in various sporting activities, this is…
$2.1bn ONSA Fraud: Dasuki Faces Fresh Charges
The Economic and Financial Crimes Commission, EFCC, has filed fresh charges against Col. Sambo Dasuki (retd), former National Security Adviser, who is accused of criminal diversion of funds to the tune of $2.1billion. The money was part of funds earmarked by the Federal Governmen…
EFCC Arrests Real Estate Agent for Impersonating Magu
Operatives of the Economic and Financial Crimes Commission, EFCC, have arrested one Felix Idowu, a real estate agent and graduate of Political Science, for impersonating Ibrahim Magu, the agency’s Acting Chairman. Idowu had in the assumed capacity swindled unsuspecting victims of…
Court Orders Interim Forfeiture Of N204.2m Ikoyi Property
Justice Chuka Austin Obiozor of the Federal High Court, Lagos has ordered the interim forfeiture of a property worth the sum of N204, 200,000 (Two hundred and Four Million, Two Hundred Thousand Naira) only to the Federal Government. The property, which is located at 20, Cameron S…
EFCC Pledges to Fight Terrorism Financing
Ibrahim Magu, Acting Chairman, Economic and Financial Crimes Commission, EFCC, has expressed the preparedness of the Commission to go after any operator of Designated Non-Financial Institutions, DNFIs, found to be aiding or abetting money laundering and terrorism financing in the…
Appeal Court Affirms Okays Forfeiture of Andrew Yakubu's Cash
The Kaduna Division of the Court of Appeal today affirmed the decision of the Federal High Court Kano which ordered the interim forfeiture of the money found in a house in Kaduna belonging to former Group Managing Director of NNPC Engineer Andrew Yakubu. It would be recalled that…
Courts Grants Senator Nwaoboshi Bail
Justice Mohammed Idris of the Federal High Court sitting in Ikoyi, Lagos, on Friday, April 27, 2018, granted Sen. Peter Nwaoboshi, who represents Delta North in the National Assembly, bail on self recognition. Nwaoboshi, who was arraigned on April 25, 2018, is being prosecuted by…
EFCC Docks Ekiti Varsity Final Year Student for Internet Fraud
The Economic and Financial Crimes Commission, EFCC, Ibadan zonal office, on Thursday, April 26, 2018 arraigned one Ilesanmi Babatunde Yemi, a final year accounting student of Ekiti State University, before Justice Joyce Abdulmalik of the Federal High Court sitting in Ibadan, Oyo…
$1.6bn Oil Fraud: How Omokore, Diezani’s Ally, Bought Cars for Friends, Associates - Witness
The trial of Jide Omokore, an ally to former Minister of Petroleum Resources, Diezani Allison-Madueke, in an alleged case of $1.6billion oil fraud continued on Thursday, April 26, 2018 before Justice Nnamdi Dimgba of the Federal High Court, Abuja, with the seventh prosecution wit…
N102m Oil Fraud: Oil Magnate, Owoicho Loses Bid To Quash Charge
Justice Peter Affen of the Federal Capital Territory High Court sitting in Maitama, Abuja has ordered Emmanuel Owoicho, Managing Director, Owoema Resources Limited, to enter his defence in respect of an alleged oil fraud to the tune of N102million preferred against him and two ot…
EFCC Gets No Share on Assets Recovered - Magu
Ibrahim Magu, Acting Chairman, Economic and Financial Crimes Commission, EFCC, on Wednesday, April 25, 2018 told the House Committee on Public Accounts and Finance that the Commission does not generate revenue or get any percentage on assets recovered or forfeited to government.…
N359m Fraud: Court Orders Interim Forfeiture of Jos Provost, Etukudo’s Properties
Justice D. D. Longi of the Plateau State High Court, Jos, has ordered the interim forfeiture to the Federal Government of a duplex, two parcels of land and four flats allegedly acquired by the Provost of Federal School of Medical Laboratory Technology, FSMLT, Jos, Plateau State,…
N805m Fraud: Sen. Nwaoboshi Arraigned, Remanded in Prison
The Economic and Financial Crimes Commission, EFCC, on Wednesday, April 25, 2018, arraigned Sen.Peter Nwaoboshi before Justice Muhammed Idris of the Federal High Court sitting in Ikoyi, Lagos on a two-count charge bordering on money laundering and fraud to the tune of N805million…
N1.1bn Fraud: Ex-FCT Minister’s son’s Trial Adjourned to June 12
The trial of Shamsudeen Bala, son of a former FCT Minister, Bala Mohammed, in a case of alleged money laundering to the tune of N1.1billion continued on Tuesday, April 24, 2018 before Justice Nnamdi Dimgba of the Federal High Court, Abuja, with the cross-examination of Ishaya Dau…
EFCC Arraigns Front Desk Officer For N14m
The Economic and Financial Crimes Commission, EFCC, has arraigned one Ojone Ogwu, a Front Desk Officer with the Cable African Network Television, Port Harcourt, Rivers State before Justice F. O. G Ogunbanjo of the Federal High Court, sitting in Port Harcourt, on a 22-count charge…
Alleged N5.8bn Fraud: EFCC Docks Shema, Remands Him in EFCC Custody
The Economic and Financial Crimes Commission today April 24, 2018 arraigned the former governor of Katsina State, Ibrahim Shehu Shema before Justice Babagana Ashgar of the Federal High Court sitting in Katsina on a 26 count charge of Conspiracy and Money Laundering to the tune of…
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