Fraud: Magu must face prosecution – PDP insists

July 8, 2020 Abdulrahman Zakariyau 0

The Peoples Democratic Party (PDP) has demanded for the prosecution of the suspended acting Chairman of the Economic and Financial Crimes Commission, Ibrahim Magu. PDP in a statement issued by it National Publicity Secretary, Kola Ologbondiyan, Wednesday noted that the party took the position after reviewing the reported circumstances surrounding the investigation. The party said that “Magu’s indictment reinforces its Read More

Uncertainty as panel grills Magu in Aso Rock

Acting Chairman of Economic and Financial Crimes Commission (EFCC), Ibrahim Magu was Monday grilled in Aso Rock by the presidential panel probing the activities of the agency. The panel reportedly sat at the Banquet Hall wing of the Presidential Villa. Magu was reportedly stopped in traffic while moving out of the Wuse II Annex of the EFCC in Abuja where Read More

Economic crimes: Magu bags Ghana Lifetime Award for fostering int’l synergy

June 26, 2020 Chizoba Ogbeche 0

Ghana’s Chartered Institute of Public Resources Management and Politics (CIPRM&P), Friday, honoured the acting Chairman of the Economic and Financial Crimes Commission (EFCC), Ibrahim Magu, with a prestigious Lifetime Recognition Award for fostering international synergy towards fighting money laundering and other economic and financial crimes. A press statement by the EFCC Head Media and Publicity, Dele Oyewale, in Abuja, said Read More

EFCC storms ex-Abia dep gov son’s premises

June 26, 2020 Editor 0

Operatives of the Economic and Financial Crimes Commission (EFCC), on Tuesday stormed the premises of Engr. Enyinnaya Nwafor, son of late former deputy governor of Abia state, Dr. Chima Nwafor. Nwafor is the founder and chief executive officer of Tunnel End, and Rock Waters Integrated Services Ltd., two construction companies with headquarters in Aba. Some buildings in the company’s premises Read More

Abians react to Kalu’s Supreme Court verdict

May 8, 2020 Sam Obinna Ibe, 0

It was with mixed feelings that residents and indigenes of Abia state received the news of the Supreme Court’s judgement that nullified the conviction of the former Governor the state, Senator Orji Uzor Kalu, representing Abia North in the National Assembly. The embattled lawmaker was convicted on December 5, 2019, for a 12-year-term by a Federal High Court sitting in Read More

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Alleged extortion: I can’t be silenced – Shehu Sani

January 10, 2020 Editorial III 0

Shehu Sani, former senator representing Kaduna central, says the bribery allegation against him is an imaginative work of fiction crafted to silence him. The senator was arrested by the Economic and Financial Crimes Commission (EFCC) for alleged extortion. And he has been in the custody of the agency. The EFCC accused Sani of collecting money from Sani Dauda, owner of Read More

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Breaking: Mothers to ‘Yahoo Boys’ ‘ve now formed association – EFCC reveals

October 31, 2019 Editor 0

The acing Chairman of Economic and Financial Crimes Commission (EFCC) Ibrahim Magu has revealed that mothers of internet scammers popularly known as Yahoo in Lagos have formed an association, acting Chairman of the has revealed. Magu stated this at the commission’s Lagos Office during the ongoing EFCC stakeholders conference on crusade against cybercrime fraudsters. Details loading…

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Happening Now: EFCC quizzes Maina over N2.1bn fraud

October 2, 2019 Editor 0

Indications emerged, Wednesday night, that the former chairman of the Pension Reform Task Team, Abdulrasheed Maina, was being quizzed by operatives of the Economic and Financial Crimes Commissions (EFCC) over alleged  N2.1 million fraud. The Department of State Services (DSS) handed over Maina to the commission about three days after he was arrested, alongside his son, a final year student at Read More

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EFCC exposes Yahoo, yahoo boys in Lagos

August 31, 2019 Editor 0

The Economic and Financial Crimes Commission (EFCC) has arrested 12 suspected internet fraudsters at a ‘Yahoo school’ in Lagos. The suspects are: Oluwaseun Ogunbunmi Haruna Yusuf Olubori Hassan Wasiu Idowu Basit Adeniran Aina Olajuwon Okafor Joseph David Ado

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EFCC nabs man wanted by FBI in Ilorin

August 30, 2019 Editor 0

The Economic and Financial Crimes Commission (EFCC) has arrested a 36-year-old man on the Federal Bureau of Investigation (FBI) wanted list in Ilorin for alleged N60 million fraud. EFCC spokesperson Mr Wilson Uwujaren made this known in a press statement, Friday in Abuja. He said the commission’s zonal head in Ilorin Mr Isyaka Sharu, while addressing a press conference on Read More

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EFCC begins investigation into $8.9billion UK court award against Nigeria

August 24, 2019 Editor 0

The Economic and Financial Crimes Commission (EFCC) has commenced investigation into the circumstances leading to the $8.9billion arbitral award against Nigeria by a United Kingdom Court over alleged breach of gas contract agreement between it and Process and Industrial Development Limited. Chairman of the commission Ibrahim Magu made the disclosure, Friday in Abuja, playing host to a delegation from the Nigerian Read More

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Breaking: EFCC confirms investigation, searches Ambode’s house over N9.9bn ‘fraud’

August 20, 2019 Editor 0

The Economic and Financial Crimes Commission (EFCC) has confirmed investigation of former Lagos state Governor Akinwunmi Ambode. At the moment, their operatives are raiding his residence. Confirming the raid, Tony Orilade, EFCC spokesperson told TheCable that the commission is investigating the administration of Ambode over alleged N9.9 billion fraud. Ambode has since denied the allegation. Details loading

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Updated: Judge orders Atiku’s son-in-law, lawyer back in custody over alleged money laundering

August 14, 2019 Editor 0

Justice Nicholas Oweibo of the federal high court in Lagos, has ordered that Atiku’s son-in-law, Abdullahi Babalele, and lawyer Uyiekpen Osagie-Giwa, be remanded in EFCC’s custody until their bail application is looked into.  The duo who were arraigned in court by the Economic and Financial Crimes Commission on Wednesday were alleged for laundering $140,000 in the build-up to the 2019 Read More

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BREAKING NEWS: EFCC arraigns Atiku’s Lawyer, Babalele over alleged money laundering

August 14, 2019 Editor 0

Abdullahi Babalele, son in-law to former Vice President and Presidential Candidate of the People’s Democratic Party, in the 2019 general elections, Atiku Abubakar has just been arraigned by the Economic and Financial Crimes Commission (EFCC). Mr Babalele was arraigned on Wednesday morning before Justice Nicholas Oweibo at a Federal High Court in Lagos, on a two-count charge of alleged money Read More

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EFCC academy gets new commandant

August 7, 2019 Editorial III 0

The Economic and Financial Crimes Commission (EFCC) has appointed Ladi Hamalai, as the new Commandant, EFCC Academy, Karu, Abuja. The EFCC disclosed this in a statement signed by its spokesperson, Tony Orilade, in Abuja. The commission said Mrs Hamalai will succeed David Tukura who recently resigned his position. Mrs Hamalai retired in May, as the Director-General, National Institute for Legislative Read More

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EFCC arraigns bizman for N6m fraud

August 1, 2019 Editorial III 0

The Economic and Financial Crimes Commission (EFCC), Kaduna Zonal Office, has arraigned a busimess man, Magaji Mijinyawa and Shehu Mahamoud before Justice Darius Khobo of the State High Court sitting in Kaduna on a four-count charge bordering on fraud and obtaining money by false pretence. The commission’s acting Head Media and Publicity Mr Tony Orilade in a press statement, Wednesday Read More