News

EFCC has granted autonomy to NFIU – Magu

Ihesiulo Grace 21 December 2017 0

The Acting Chairman, Economic and Financial Crimes Commission (EFCC), Ibrahim Magu Wednesday told the Senate that the Nigeria Financial Intelligence Unit (NFIU) has been granted autonomy. Magu, who appeared before the Senate Committee on Anti-Corruption and Financial Crimes, to defend the

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EFCC arrest Innoson Motors Chairman, Chukwuma

Ihesiulo Grace 20 December 2017 0

Operatives of Economic and Financial Crimes Commission (EFCC) on Tuesday arrested the Chairman/Managing Director of Innoson Vehicle Manufacturing (IVM), Chief Innocent Chukwuma in Enugu.‎ The heavily armed operatives of the anti-graft agency stormed Chukwuma’s residence at Savage Crescent, GRA, Enugu at about 7:30am on Tuesday to effect his arrest. ‎ Daily Times

News

N450m fraud: EFCC re-arraigns Belgore, Suleiman for money laundering

Ihesiulo Grace 29 November 2017 0

For the third time in a row, the Economic and Financial Crimes Commission (EFCC) on Tuesday re-arraigned a Senior Advocate of Nigeria, Dele Belgore and a former Minister for National Planning, Prof. Abubakar Sulaiman before a Federal High Court, Ikoyi, Lagos. The two defendants who were alleged to have laundered the sum of N450 million […]

Business

EFCC, NITDA collaborate on procurement, transparency

Ihesiulo Grace 27 November 2017 0

The National Information Technology Development Agency (NITDA) says it is collaborating with the Economic and Financial Crimes Commission (EFCC) to ensure that Ministries, Departments and Agencies (MDAs) comply with the clearance of Information Technology projects’ procurement. According to the News Agency of Nigeria (NAN), the Director-General of NITDA, Dr. Isa Pantami

News

There are no 222 properties to share – EFCC tells Senate

Ihesiulo Grace 25 November 2017 0

The Economic and Financial Crimes Commission, EFCC, has denied ‘sharing’ any of the 222 properties seized from alleged pension fund thieves in its custody. The EFCC also said it is not in custody of any of the said properties. The commission stated this while denying the allegation raised by Senate Emmanuel Paulker, chairman of Senate […]

Headlines News

EFCC arraigns ex- NSITF MD, Abubakar, 4 Others over N18bn fraud

Ihesiulo Grace 24 November 2017 0

The Economic and Financial Crimes Commission (EFCC) on Thursday arraigned former Managing Director of the Nigeria Social Insurance Trust Fund (NSITF), Umar Munir Abubakar and four other top officials of the fund before an Abuja High Court in Apo over an N18billionfraud. Other defendants are Henry Ekhasomi Sambo, Adebayo Adebowale Aderibigbe, Chief Richard U. Uche […]

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Senate faults inter-agency rivalry between EFCC, DSS, NIA

Ihesiulo Grace 23 November 2017 0

The Senate on Wednesday condemned the crisis between the Economic and Financial Crimes Commission (EFCC) with both the Directorate of State Security, (DSS) and the National Intelligence Agency (NIA), following both attempt to arrest the former Director General of the DSS, Mr. Ita Ekpeyong and his counterpart in NIA, Mr. Ayo Oke. The federal lawmakers […]

News

How Goje Diverted N1bn Agric Loan- EFCC Witness

Ihesiulo Grace 22 November 2017 0

The trial of Senator Danjuma Goje, a former governor of Gombe State, on charges of alleged conspiracy and money laundering, continued on Tuesday with the Economic and Financial Crimes Commission (EFCC) presenting four more witnesses, who testified as the 19th, 20th, 21st and 22nd witnesses. Goje is standing trial along with Aliyu El-Nafaty, S.M. Dokoro […]

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Diezani’s N23bn poll: EFCC quizzes ex-Gov Suswam over cash

Ihesiulo Grace 2 November 2017 0

THE Economic and Financial Crimes Commission, EFCC on Thursday questioned and detained a former Benue Governor, Gabriel Suswam, for allegedly collecting the sum of N450 million from the former Petroleum Minister, Alison Madueke. A top anonymous source who confided in the Daily Times said that Suswam was invited to explain his role in the sharing […]

News Politics

Attempt to stop fraud investigation: Court dismisses Globacom suit against EFCC

Ihesiulo Grace 30 October 2017 0

Peter Fowoyo A Lagos High Court, Igbosere on Monday dismissed a N50 million suit filed by the telecommunication giant, Globacom Limited, against the Economic and Financial Crimes Commission (EFCC). Globacom Limited and its Head of Marketing Department, Mr. Ashok Israni filed the suit against EFCC, seeking to stop investigation on a petition written against it […]

Headlines News

Charge Maina to court now, Falana tells EFCC

Ihesiulo Grace 23 October 2017 0

Andrew Orolua, Abuja. Human rights activist and senior lawyer, Mr Femi Falana (SAN), has asked the Economic and Financial Crimes Commission (EFCC) to quickly prefer a criminal charge against Mr. Abdulrasheed Maina before a competent court following his N100bn corruption indictment. Maina was declared wanted by the EFCC in 2015, following his indictment in a […]

Headlines News

EFCC v Govs Forum: Court forfeits N1.4bn Paris Club refund in 2 banks

Ihesiulo Grace 14 October 2017 0

Peter Fowoyo A Federal High Court, Ikoyi, Lagos on Friday, ordered that the total sum of N1.442,384,857.84 billion, which formed part of unrefunded Paris and London Club Loans, domiciled at Access Bank Plc and Guaranty Trust Bank (GTBank), be temporary forfeited to the Federal Government. Joined as respondents in the suit are: Melrose General Services […]

Headlines News

Whistle blowing policy, potent weapon in the fight against corruption- Magu

Ihesiulo Grace 13 October 2017 0

…Says EFCC recovers N527.6m, $53.2m, £21.2m,€547,730 …Calls for collaborative efforts amongst Nigerians to curb menace …Francesca Iwambe- Abuja Acting Chairman, Economic and Financial Crimes Commission, EFCC, Mr. Ibrahim Magu, has said that the Federal Government whistle-blowing policy has remained a potent weapon in the fight against corruption in Nigeria. Magu who

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EFCC seeks to auction forfeited Petroleum products, vessels

Ihesiulo Grace 11 October 2017 0

Andrew Orolua, Abuja. The Economic and Financial Crimes Commission (EFCC), on Tuesday held a pre-bid meeting on how to auction forfeited products and vessels that were seized as proceeds of crimes from criminals. It said the pre-bid meeting with shortlisted auctioneers at the EFCC Academy, Karu, Abuja was part of arrangement to auction the items. […]

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N1.2bn NEXIM Bank fraud: EFCC launches fresh probe of Sen Nwaoboshi

Ihesiulo Grace 22 September 2017 0

The Economic and Financial Crimes Commission, EFCC, is to launch a fresh probe against Senator Peter Nwaoboshi, over his alleged involvement in the diversion of about N1.2Bn facility loan granted to him in 2014 by NEXIM Bank under the Local Industrial Growth Scheme. A top anonymous source who confided in the Daily Times revealed that […]

News

Bailout fund: My books are open to EFCC, ICPC, others, says Benue Gov

Ihesiulo Grace 21 September 2017 0

The Benue State Governor, Dr. Samuel Ortom, on Tuesday said that operatives of the Economic and Financial Crimes Commission (EFCC) and Independent Corrupt Practices and other related offences Commission (ICPC), are free to come and check the financial books of his State, pointing out that he has nothing to hide. Gov. Ortom threw the challenge […]

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Magu gives account as EFCC recovers N434.76bn in 8 months

Ihesiulo Grace 31 August 2017 0

.Says agency has secured 137 convictions .’I mean no harm, have no issues with anybody’ .Wants Nigerians to own fight against corruption The Acting Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ibrahim Magu, has given an account of his stewardship, saying that the agency under his watch has recovered a whopping N434.76billion […]

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Diezani loses 56 properties worth N2.6bn to FG

Ihesiulo Grace 23 August 2017 0

• 16 four-bedroom terrace at PH valued at N928m • 13 three-bedroom at Abuja valued at N650m • 6 flats of three-bedroom at Ikoyi valued at N805million • 21 housing units in Yaba, Lagos valued at N937million The Federal High Court in Lagos on Tuesday ordered that 56 properties in Lagos, River States, Abuja which […]

News Politics

Court dismisses EFCC’ s appeal against Fayose over unfrozen Accounts

Ihesiulo Grace 1 February 2017 0

The Federal High Court sitting in Ado-Ekiti, Ekiti State capital on Tuesday, has dismissed an Appeal filed before it by the Economic and Financial Crimes Commission (EFCC) for stale of Execution of the judgment delivered on December 13 ordering the EFCC to unfreeze the governor’s accounts. The EFCC had on June 21, 2016 frozen Governor […]

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Wagbatsoma jailed for oil subsidy fraud

Ihesiulo Grace 26 January 2017 0

Convicted fuel subsidy fraudsters Mrs. Ada Ugo-Ngadi, Managing Director of Ontario Oil and Gas Limited and Walter Wagbatsoma, the company’s chairman, were today sentenced to 10 years imprisonment by Justice Lateefa Okunnu of the Lagos High Court for defrauding the Federal Government of N754 million in oil subsidy claims. The Economic and Financial Crimes Commission […]