Nigeria to Lose $4.5 Billion in Malabu Oil Deal .…As EFCC Receives Document from Experts
The Acting Chairman, Economic and Financial Crimes Commission, EFCC, Ibrahim Magu, has given assurances that the Commission is revving up its investigations into the Malabu Oil Scandal, and those complicit will be prosecuted. Magu gave the assurance while receiving some documents…
EFCC Nabs Lebanese with Over $2m at Abuja Airport
Operatives of the Economic and Financial Crimes Commission, EFCC has arrested one Abbas Lakis, a Lebanese for money laundering offence. Lakis was picked up at the Nnamdi Azikiwe International Airport, Abuja, following intelligence report that he had on him, undeclared huge sums o…
EFCC Expresses Concern Over Manner of Metuh’s Evidence
Sylvanus Tahir, counsel for the Economic and Financial Crimes Commission, EFCC in the ongoing trial of Olisa Metuh, expressed concerns about the manner Metuh is going about his prosecution before Justice Okon Abang of the Federal High Court Abuja. Metuh, a former Spokesperson for…
Anti-Graft War: EFCC, INTERPOL Sign MoU
The Economic and Financial Crimes Commission, EFCC, today, November 29, 2018 signed a Memorandum of Understanding, MoU, with the International Police, INTERPOL as part of collaboration aimed at tackling corruption in Nigeria. The MoU, I-24/7, is a global police communications sys…
$29 Million Fraud: The Case against Jyde Adelakun, MD, Torch of Fame, TOF, Energy Company Limited
The attention of the Economic and Financial Crimes Commission, EFCC has been drawn to a syndicated advertorial published in some sections of the media, on Monday, November 26, 208 titled, Deja Vu, EFCC Manipulates Court to Obtain Order, in which it was falsely alleged that “unrep…
Magu Charges Professionals, Businesses on Illicit Financial Flows
Ibrahim Magu, the acting Chairman, Economic and Financial Crimes Commission, EFCC, has called on critical stakeholders in the Nigerian financial landscape, to rally round the anti-graft agency in curbing illicit financial flows in the business sector. “Money Laundering and Terror…
N15billion Fraud: Appeal Court Reverses Gov. Tambuwal's Pardon ....Accused Persons Ordered to Stand Trial
A five-man panel of the Court of Appeal sitting in Sokoto and presided over by Justice Hannatu Sankey has, in two separate appeals, voided the state pardon granted to some former officials of the state who were prosecuted by the Economic and Financial Crimes Commission, EFCC at t…
EFCC Hands Over Forfeited 116 Cars, 20 Properties to First Bank
The Economic and Financial Crimes Commission, EFCC, on Wednesday, November 28, 2018, handed over 116 (One Hundred and Sixteen) cars and 20 (Twenty) landed properties in Edo, Rivers and Lagos States recovered from one Michael Obasuyi Osasogie to First Bank Plc. Trouble began for O…
Be Change Agents, Magu Charges Youths in Oyo, Edo, Delta
The Acting Chairman of the Economic and Financial Crimes Commission, EFCC, Ibrahim Magu has called on youths in the country to be change agents for the good of the society. Magu gave the charge at the NYSC Orientation Camp in Iseyin, Oyo State, on November 27, 2018. Represented b…
EFCC Warns Against Misuse of Public Funds for Elections
The Acting Chairman of the Economic and Financial Crimes Commission, EFCC, Ibrahim Magu has warned that as another election cycle approaches, the EFCC will not fold its hands and watch the nation’s commonwealth squandered by corrupt politicians. Magu made this known on Tuesday, W…
Appeal Court Jails UBEC Chairman 41 Years
A five-man panel of the Court of Appeal sitting in Sokoto and presided over by Justice Hannatu Sankey has sentenced the Chairman of the Zamfara State Universal Basic Education Board (SUBEB), Murtala Adamu Jengebe to a cumulative jail term of 41 years. Jengebe was convicted by the…
EFCC Charges Youths to be Anti-Corruption Ambassadors
Students of the International Relations Department, Obafemi Awolowo University, Ile-Ife, Osun State have been charged to be anti-corruption ambassadors and to own the anti-corruption fight for a better Nigeria. The charge was given to them during an excursion to the Economic and…
Senate Confirms Olukoyede as EFCC Secretary
The Nigerian Senate on November 28, 2018 confirmed Olanipekun Olukoyede as the Secretary to the Economic and Financial Crimes Commission, EFCC. The confirmation is in accordance with Section 2(3) of the EFCC Establishment Act 2004. Olukoyede who until today was the Chief of Staff…
EFCC Raids Astrax Autos, Seizes 29 Cars
The Economic and Financial Crimes Commission, EFCC, Lagos office, on Tuesday, November 27, 2018, seized a total of 29 exotic cars during a raid on the office of a Lagos-based car dealer, Astrax Auto Shop. The raid followed intelligence report received by the Commission on the act…
Man Bags Three Months Imprisonment For Fraud
Justice M. L. Owolabi of the State High Court, Oyo State on November 27, 2018 convicted and sentenced one Mufutau Ladoja to three months imprisonment for obtaining money under false pretence contrary to Section 419 of the Criminal Code Law, Cap 38, Laws of the Oyo State. Mufutau…
Senate Commends EFCC, Promises To Amend Laws For Better Operations
Chairman, Senate Committee on Anti-Corruption, Sen. Chukwuka Utazi has commended the efforts of the Economic and Financial Crimes Commission in the fight against corruption as he charged the Ibrahim Magu led management of the anti-graft agency to redouble its effort to save Niger…
Man Bags 24 years Jail Term
Justice M. L. Owolabi of the State High Court, Ibadan, Oyo State November 26, 2018 convicted and sentenced one Oladipo Olutope to twenty four years imprisonment and to restitute N10, 450, 000 (Ten Million, Four Hundred And Fifty Thousand Naira) only to the victim. The sentences a…
Alleged N29bn Fraud: How Two Died After Giving Statements in Nyako's Trial- Witness
A detective with the Economic and Financial Crimes Commission, EFCC, Adekunle Odofin, on Tuesday, November 27, 2018, told Justice Okon Abang of the Federal High Court, sitting in Maitama, Abuja, that two people who made "crucial statements" during the investigation into a N29bill…
N90 Million Fraud: Union Chairman, Three Others Docked
The Economic and Financial Crimes Commission, EFCC, Gombe office on Monday, November 26, 2018 arraigned the quartet of Abdulrahaman Barau, Chagba Abayol, Muhammad B. Dikko and Mrs. Ruth Magaji Shalli before Justice Hassan Dikko of Federal High Court, Bauchi, Bauchi State on a sev…
EFCC Re-Arraigns Ex- Gov. Yero, Three Others over N700m Diezani Bribe
The Economic and Financial Crimes Commission, EFCC has today Tuesday, 27th November, 2018 re-arraigned the former governor of Kaduna State, Mukhtar Ramalan Yero. Also re-arraigned with the ex governor were former Minister of State, Nuhu Somo Waya; former Kaduna State PDP Chairman…
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