A Deputy Director at the Central Bank of Nigeria (CBN), Mr Olubukola Akinwumi, on Friday explained how Nigerians trading on Binance Holdings Limited’s platform use false names in the transactions. Olubukola, who is the Economic and Financial Crimes Commission (EFCC)’s 2nd prosecution witness (PW-2) in the ongoing trial...
EFCC
The Chairman of the Economic and Financial Crimes Commission (EFCC), Mr Ola Olukoyede, has described public corruption as the bane of development in Nigeria. Olukoyede expressed this view on Wednesday in Abuja while receiving the management team of the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) led by...
By EZEKIEL OBI, Abuja – The Economic and Financial Crimes Commission (EFCC), has urged parents and guardians to warn their children and wards not to partake in a planned protest by a “shadowy group” against its operations. EFCC Spokesperson, Dele Oyewale, gave the warning in a statement made available...
A group, ‘The Kaduna Citizens Watch for Good Governance’, has lodged a complaint with the EFCC and ICPC in Kaduna against the former Governor of the state, Malam Nasir El-Rufai. Mr Victor Duniya, Chairman of the group, made this known while addressing a press briefing on Wednesday in...
A Federal High Court, Abuja, on Wednesday, ordered the closure of two companies linked to the alleged 9.6 billion dollars Process and Industrial Development (P&ID) Ltd scandal. The News Agency of Nigeria (NAN) reports that the two companies are Trinity Biotech Nigeria Limited and Resorts Express Concept Nigeria...
An operative of the Economic and Financial Crimes Commission (EFCC), Mr Idi Musa, on Monday testified against a social media celebrity, Ismaila Mustapha popularly known as Mompha, charged with six billion Naira money laundering. Mustapha, still at large, is standing trial alongside his company, Ismalob Global Investment Ltd.,...
By OLA MUDOPE, Lagos – The Executive Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ola Olukoyede has raised a Disciplinary Team to look into the case of two errant officers of the Commission who allegedly assaulted a female staff of Regional Hotel, Ojo, Lagos. This is...
By EZEKIEL OBI, Abuja – Socio-Economic Rights and Accountability Project (SERAP) has urged Mr. Olayemi Cardoso, governor of the Central Bank of Nigeria (CBN), “to account for and explain the whereabouts of the over N100 billion ‘dirty and bad notes’ and ‘other large sum of cash awaiting examination’ which...
By JOY ADARA, Abuja – The Economic and Financial Crimes Commission (EFCC) has raised contempt counsel charges against two defence counsel in the N80.2billion alleged money laundering charges against a former governor of Kogi State, Mr. Yahaya Bello. Bello is facing prosecution alongside his nephew, Ali Bello, Dauda Suleiman...
The National Youth leader of the New Nigerian People’s Party (NNPP), Auwal Musa, has described the EFCC investigation on the former Kano State Governor, Dr Rabiu Kwankwaso, as a political witch-hunt. He told the News Agency of Nigeria (NAN) on Thursday in Kaduna that the action was instigated...
The immediate-past Governor of Kogi, Alhaji Yahaya Bello, has sought the transfer of his trial by the Economic and Financial Crimes Commission (EFCC) to the Federal High Court (FHC), Lokoja Division. Bello, who made the application in a letter to the Chief Judge (CJ) of FHC, Justice John...
A Federal Capital Territory (FCT) High Court in Gwagwalada, has sentenced a fake senator, Tom Makwe to two years imprisonment for swindling a Spanish of 47, 082 Euros. The Economic and Financial Crimes Commission (EFCC), had arraigned the convict on two counts of intent to defraud over the...
A Federal Capital Territory (FCT) High Court in Abuja on Tuesday adjourned until Oct. 21 for continuation of the trial of the suspended governor of Central Bank of Nigeria (CBN) Godwin Emefiele over alleged procurement fraud. Emefiele is charged with alleged 20-count amended charge, preferred against him by...
Two witnesses testified on Tuesday at a Federal High Court, Abuja as Economic and Financial Crimes Commission (EFCC) opened its money laundering case against former Governor of Anambra, Willie Obiano. A commercial banker staff, Mr Tochukwu Aloysius Nnadi, and an Onitsha-based business woman, Mrs Chinwe...
The Federal High Court in Lagos on Tuesday struck out a charge against celebrity bartender, Pascal Okechukwu, popularly known as Cubana Chief Priest, over alleged abuse of the naira. Justice Kehinde Ogundare struck out the charge following the adoption of terms of settlement between parties to the suit....
Justice Mohammed Liman of a Federal High Court in Lagos on Monday, acquitted a former speaker of the Lagos State House of Assembly, Adeyemi Ikuforiji and his former aide, Oyebode Atoyebi, of 54-counts of money laundering.. Delivering judgment, Justice Liman held that the prosecution failed to discharge the...
Mr Michael Agboro, a prosecution seventh witness alleged that the suspended governor of the Central Bank of Nigeria (CBN). Godwin Emefiele awarded contracts to companies belonging to his wife and a his brother-in-law. Emefiele is standing trial on an alleged 20-count amended charge, preferred against him by the...
By EZEKIEL OBI, Abuja – The Economic and Financial Crimes Commission (EFCC) has arrested two former staff of Union Bank in Makurdi over alleged stealing of N4,199,500 belonging to a deceased customer of the bank. EFCC spokesperson, Dele Oyewale, disclosed this in a statement on Saturday in Abuja. According...
Operatives of the Economic and Financial Crimes commission (EFCC) have arrested a syndicate of fake State House Staff in Abuja for alleged criminal conspiracy, false representation and employment scam. Its Spokesperson, Dele Oyewale said this in a statement on Saturday in Abuja. He said operatives of the commission...