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
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
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
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
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
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
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
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
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
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
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
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
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
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
The chairman of the EFCC, Abdulrasheed Bawa, has said he has appealed against the court verdict which ordered his remand in Kuje prison. Speaking with Journalists in Abuja, Bawa said he would allow the natural course of the law to take its effect, having filed an appeal against the remand verdict “We have appealed against it already so we will Read More
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
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
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
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
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
The Seventh Technical Session of The Electoral Forum has called on banks and anti-corruption agencies such as ICPC and EFCC to be fully involved in monitoring campaigns even as they urged the media to beam its spotlight more on policy-based campaigns by candidates and parties ahead of the 2023 general elections. The Forum noted at the just concluded meeting to Read More
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
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
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
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
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