The Executive Chairman of the Economic and Financial Crimes Commission (EFCC), Mr Ola Olukoyede has tasked the 10th National Assembly on transparency and fiscal integrity. Olukoyede gave the charge on Tuesday at the ongoing National Conference on Public Accounts and Fiscal Governance, organised by the Senate and House of Representatives Public Accounts Committees. The News…
The Economic and Financial Crimes Commission (EFCC) has commenced investigation into the case of one Ahmad Salisu, arrested by the Nigeria Customs Service (NCS) over an alleged concealment of foreign currency at Kano port of entry. EFCC spokesperson, Dele Oyewale, said this in a statement on Tuesday in Abuja. Oyewale said Salisu was intercepted by…
The Economic and Financial Crimes Commission (EFCC) on Monday arraigned Abel Sokari and Nkeiruka Chukwuma, before an Ikeja Special Offences Court for allegedly attempting to fraudulently obtain €49 million from First Bank of Nigeria (FBN). Sokari and Chukwuma were arraigned alongside a company, Zakah Global Investment Ltd., on a six-count charge bordering on attempted fraud,…
The Federal High Court in Abuja on Wednesday, granted the application by the Economic and Financial Crimes Commission (EFCC) to freeze the United Bank for Africa (UBA) account of Cyriacus Njoku, a Nigerian, based in Germany, , over alleged criminal breach of trust. Justice Ekerete Akpan granted the request after EFCC’s lawyer, G.I. Ndeh, moved…
Counsel to the Economic and Financial Crimes Commission (EFCC), Dr Wahab Shittu (SAN), on Tuesday alleged misleading media reports of the fraud trial of a former Managing Director of Asset Management Corporation of Nigeria (AMCON), Ahmed Kuru, and four others. Kuru and the others are charged with fraud and theft to the tune of N76…
The Economic and Financial Crimes Commission (EFCC) has recovered a gun and other materials from 74 suspected internet fraudsters arrested in Abuja. Its Spokesperson, Dele Oyewale, said this in a statement on Monday in Abuja. ”Items recovered from them include 86 phones, one rifle pistol and three motorcycles,” he said. According to him, the suspects…
A constitutional lawyer, Joshua Ijaodola, has urged the Federal High Court in Abuja to nullify the Acts enabling the Economic and Financial Crimes Commission (EFCC) and the Nigeria Security and Civil Defence Corps (NSCDC) as being unconstitutional. Ijaodola, in two fresh suits, argued that the acts violated Section 214 of the 1999 Constitution (as amended)…
Witnesses in the trial of ex-Kogi State Governor Yahaya Bello have testified that no payments were made by the defendants into the company accounts involved in a disputed real estate transaction. Bello, along with co-defendants Umar Oricha and Abdulsalami Hudu, is facing 16 charges brought by Nigeria’s anti-corruption agency, the EFCC, relating to allegations of…
An Ikeja Special Offences Court has ordered the Economic and Financial Crimes Commission (EFCC) to provide an investigative report and e-statement of Keystone Bank with the Central Bank of Nigeria (CBN). Justice Rahman Oshodi made the order on Tuesday in the ongoing N20 billion fraud trial involving the former Managing Director of the Asset Management…
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…
