EFCC arrest Abuja bank manager hoarding new naira notes

February 6, 2023 Rosemary Moribirin 0

The Economic and Financial Crimes Commission (EFCC), has arrested a manager of a leading commercial bank in Abuja central area on for refusing to load the Automated Teller Machines of the bank despite having N29million of the new naira notes in the branch’s vaults. This was disclosed in a statement by the head, media and publicity, EFCC, on Monday. He Read More

Flying Eagles escape EFCC arrest in Abuja

January 21, 2023 Editor 0

Nigeria’s Flying Eagle’s on Saturday came from behind to beat EFCC FC 2-1 in a friendly preparatory to 2023 U20 Africa Cup of Nations. The match was played at the FIFA goal project located inside package B of Moshood Abiola National stadium in Abuja. EFCC took the lead through their striker Masoud Danjuma, after he bulldozed his way through the Read More

DSS confirms Doyin Okupe’s arrest, hands him over to EFCC

January 12, 2023 Chizoba Ogbeche, Abuja 0

The Depatmemt of State Service (DSS), Thursday morning, intercepted Doyin Okupe in Lagos enroute London. DSS PRO, Dr Peter Afunanya, in brief statement in Abuja, said Okupe was arrested at the instance of the Economic and Financial Crimes Commission  (EFCC) and had  been handed over to the Commisson. The statement read, “Doyin Okupe was intercepted by the DSS at Terminal Read More

EFCC extends bids for some forfeited assets

January 10, 2023 Chizoba Ogbeche Abuja 0

The sale of forfeited real estate assets by the Economic and Financial Crimes Commission (EFCC) through sealed bids commenced, Monday January 9, 2023, at the premises of the National Open University, Jabi Abuja. Spokesmann of the EFCC, Wilson Uwujaren said, however, none of the properties in the three Lots (Lots 1, 2 and 3) slated for sale by competitive bidding, were Read More

How Buhari stopped EFCC from investigating me – Osinbajo reveals

December 24, 2022 Solomon Arowolo 0

The Vice President of Nigeria, Yemi Osinbajo, has opened up on how President Muhammadu Buhari stopped Economic Financial Crimes Commission (EFCC) from investigating him. Osinbajo, had been indicted by the governing board of the National Emergency Management Agency (NEMA) in 2018. Haven chaired the board, Osinbajo, was accused of illegally approving a N5.8 billion north-east intervention fund.Also in 2020, the vice Read More

Again, London court denies Ekweremadu bail

December 21, 2022 Rosemary Moribirin 0

The Central Criminal Court, London, popularly known as Old Bailey, has denied bail to former Deputy Senate President, Ike Ekweremadu. In the pre-trial hearing Tuesday, the court gave its verdict denying the bail on the grounds that he was a flight risk. The court cited the letter and assets forfeiture proceedings against the senator by the Economic and Financial Crimes Read More

EFCC and Kogi state: Cherry picking and poke nosing

December 19, 2022 Tahir Ibrahim Tahir 0

The Economic and Financial Crimes Commission, EFCC, having been created as a special purpose vehicle to fight corruption, especially financial/economic crimes, due to pressure from the international community, with Nigeria blacklisted back then, as un-cooperative in the fight against money laundering; has come under intense scrutiny over the years, as a special purpose vehicle for the persecution of a select Read More

CBN to meet with digital lenders, others on new innovations

December 13, 2022 Segun Odunewu Lagos 0

The Central Bank of Nigeria (CBN) has announced plans to meet with digital lenders, application developers, start-ups, and financial technology providers to identify new innovations that will enhance financial inclusion. The National Data Protection Bureau (NDPB) has disclosed that it is working with the Central Bank of Nigeria (CBN), the Independent Corrupt Practices and Other Related Offences Commission (ICPC), the Read More

Consumer Protection Commission and fight against illegal loan apps

December 8, 2022 Blueprint 0

A customer of an online money lender had taken to the social media to accuse the loan app of declaring him dead and designing and circulating his obituary to family members and friends. Not long after, another customer revealed, through a Facebook group how she was a victim of similar treatment from a loan app for defaulting in her repayment Read More

Redesign of ₦‎1000, ₦‎500, ₦‎200 banknotes: In whose interest?

November 24, 2022 Abdullahi M. Gulloma 0

President Muhammadu Buhari Wednesday, probably acting behind the scheduled date, launched the newly introduced Naira banknotes. The event happened shortly before the commencement of the Federal Executive Council (FEC) meeting. Launching the new banknotes, the President, who expressed delight with the developments, said the redesigned currencies are locally produced by the Nigerian Security Printing and Minting Company (NSPMC) Plc, which Read More

Kogi to sue EFCC for contempt of court, harassment of state officials

November 18, 2022 Oyibo Salihu Lokoja 0

The Kogi state government has accused the Economic and Financial Crimes Commission (EFCC) of illegal harassment of state officials “over a bail-out fund the Commission tried fruitlessly” to prove was stashed in an account, despite a court injunction restraining it. The government in a statement by the Commissioner for Information and Communications, Kingsley Fanwo, released in Lokoja on Friday, stated Read More

EFCC: Arewa Lawyers demand Bawa’s probe over ‘selective treatment of suspects’

November 18, 2022 Solomon Arowolo 0

Arewa Lawyers Progressives Forum has called for investigation of the chairman of Economic and Financial Crime Commission (EFCC) Abdulrasheed Bawa over what they described as “selective treatment of suspects”. The Forum alleged that the EFCC established by the law to investigate and prosecute economic and financial crimes, have in recent times derided into political persecution, media trial and selective treatment Read More

Naira gains: EFCC’s victory over treasury looters

November 14, 2022 Jerry Uwah 0

The International Monetary Fund (IMF) was the first to raise the red flag over the stampeded dollarisation of Nigeria’s tottering economy. The global lender warned that the stampede in Nigeria’s foreign exchange market would worsen the nation’s devastating hard currency deficit. Last week developments in the foreign exchange market proved that the IMF was tragically prophetic. Treasury looters reduced the Read More

‘Money laundering’: Matawalle offers to allow EFCC search property

November 10, 2022 Rosemary Moribirin 0

By Rosemary Moribirin Zamfara state governor, Bello Matawalle, has offered to allow the Economic and Financial Crimes Commission (EFCC), access and search the property its operatives allegedly found a certain amount of money for laundering through a cash payment of salaries. A statement signed, Thursday, by the governor’s Senior Special Assistant (SSA), on digital and new media, Hudu Yahaya, reads; Read More

Ganduje not fingered in EFCC report, govt demands apology from Sahara Reporters

November 6, 2022 Bode Olagoke 0

Kano state government has condemned in strongest terms insinuation by an online publication, Sahara Reporters that Governor Abdullahi Umar Ganduje is one the three governors fingered by the Economic and Financial Crimes Commission (EFCC) as having stashed away funds in their houses. A statement by the commissioner for information, Malam Muhammad Garba indicated that while the anti-graft agency did not Read More

N1.4bn fraud: EFCC nabs Kogi Assembly candidate, Ismaila Yusuf Atumeyi, with N326m, $610,500

November 1, 2022 Chizoba Ogbeche 0

The Economic and Financial Crimes Commission (EFCC) has arrested the Kogi State House of Assembly Candidate, Ismaila Yusuf Atumeyi, with N326 million and $140,500 cash. EFCC Head Media and Publicity, Wilson Uwujaren, in a press statement Tuesday in Abuja, said Atumeyi is seeking to represent Ankpa 11 Constituency in the Assembly on the platform of the New Nigeria Peoples Party (NNPP). Atumeyi Read More

197 EFCC drivers complete training at Edo school of transport

October 28, 2022 Chizoba Ogbeche Abuja 0

A total of 197 drivers of the Economic and Financial Crimes Commission (EFCC), Friday, completed their three months training programme at the Nigerian Army School of Supply and Transport, Benin City, Edo state. Speaking at the passing out ceremony which took place at the Muhammadu Buhari auditorium of the Nigerian Army School of Supply and Transport, the EFCC Chairman, Abdulrasheed Read More

Ex-Naval officer, Biu on the run over alleged N1.3bn theft – EFCC tells court

October 28, 2022 Solomon Arowolo 0

The Economic Financial Crimes Commission (EFCC) has said that the former Naval chief, Rear Admiral Tahir Yusuf Biu is on the run. EFCC revealed this before a Federal High Court in Abuja. The anti-graft agency said Biu went on the run after allegedly stealing N1.3 billion from the Nigerian Navy. The anti-graft agency said that all efforts to locate the whereabouts of Admiral Read More

Binani: The Electoral Hub alleges injustice over primary

October 26, 2022 Blueprint 0

The Electoral Hub has expressed it outrage at the injustice meted out to Aishatu Dahiru Binani who won the political primary with a whopping 430 votes defeating her closest rival Nuhu Ribadu a former Chairman of the Economic and Financial Crimes Commission (EFCC) who scored 288 votes and Jibrilla Bindow, former Governor of the state with a score of 103 Read More

Indians sabotaging, destroying our economy, Dilcon Plastics boss alleges…Fingers EFCC, FIRS staff

September 9, 2022 Muhammad Tanko Shittu 0

The chairman/chief executive of Dilcon Plastics, Hon. Leonard Dilcon, has accused some Indian expatriates of sabotaging the efforts of local manufacturers in Nigeria. Mr. Dilcon, who declared this at a press briefing held Friday in the boardroom of Dilcon Group of Companies, said his life was being threatened. “The Nigerian economy is being sabotaged, and destroyed by some Indian expatriates. Read More

‘N2.4bn fraud’: Court remands Ogun speaker, sets bail condition

September 6, 2022 Solomon Arowolo 0

A Federal High Court sitting in Lagos State has remanded Ogun State House of Assembly Speaker, Olakunle Oluomo, at the Economic and Financial Crimes Commission (EFCC) custody over alleged N2.475 billion money laundering. Presiding over the case, Justice Daniel Osiagor ordered that he should be remanded for one week in the EFCC’s custody, adding that if he failed to meet Read More

Breaking: EFCC arrests Ogun Speaker, Oluomo

September 1, 2022 Hakeem Adegbenro, Abeokuta 0

The speaker of the Ogun state house of assembly, Hon. Olakunle Oluomo, has been arrested by operatives of the Economic and Financial Crimes Commission (EFCC). Oluomo was arrested at Murtala Mohammed International Airport, Lagos at about 9am on Thursday September 1, 2022. His arrest was alleged to be in connection with financial crime surrounding the state house of assembly, which Read More

2023: Fear grips Ebonyi LG Chairmen as EFCC probes N2bn road contracts

August 29, 2022 Paul Okah, Abuja 0

Things are not looking good for the local government system in Ebonyi State as chairmen of the 13 local government areas (LGAs) have reportedly gone into hiding after receiving invitation to appear, in turns, before officials of the Economic and Financial Crimes Commission, (EFCC). The invitation is for them to answer questions concerning what a source called “allegations of monumental Read More