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EFCC Arraign 2 Firms On Alleged N47.9m, $300,000 Fraud

The Economic and Financial Crimes Commission (EFCC) on Tuesday arraigned two companies, JBA Advisory Ltd. and Platform Capital Investment Partners Ltd over alleged fraudulent retention of funds totaling N47.9 million and $300,000. EFCC arraigned the two companies before Justice Olubusola Okunuga on two-count charge bordering on retention of stolen property. One of the counts read…

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Alleged N33.2bn Arms Procurement Fraud: Re-arraignment Of Businessman Stalled

The re-arraignment of Olugbenga Obadina, Chairman and Chief Executive Officer (CEO), Almond Projects Limited, on Monday, by the Economic and Financial Crimes Commission (EFCC) suffered a setback. Obadina is being prosecuted over his alleged involvement in the misappropriation of N33.2billion meant for the purchase of arms by retired Col. Sambo Dasuki, a former National Security…

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