The Economic and Financial Crimes Commission (EFCC) on Monday approached a Federal High Court in Lagos in a bid to seize funds in 15 bank accounts linked to the wife of former President Goodluck Jonathan, Mrs. Patience Jonathan. The funds, which the anti graft agency is seeking to seize, include a total of $8.44m and […]
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 performance of 2017 budget of his agency, promised to submit details of recovered loots […]
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 gathered that the […]
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 […]
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 said this in a […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
…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 spoke while delivering a […]
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. […]
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 […]
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 […]
.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 […]
• 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 […]
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 […]