Tag: Alleged fraud

Katsina: Audit uncovers alleged N511m fraud by ex-Finance Director

Aminu Imam
Katsina bandits attack2

The 2023 Katsina State audit report has revealed alleged financial misconduct by a former director of finance at the Katsina State Independent Electoral Commission, Aliyu Abubakar. Abubakar reportedly withdrew N511.8 million in cash without corresponding value and transferred N34.4 million without a trace. The case is pending with the State’s attorney general. The report also flagged other irregularities, including: An outstanding N203 million owed by 14 university staff sponsored for studies but yet to refund their bonds. Also, a stalled N1.99 billion contract awarded to Kaibo International Nigeria Limited in…

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‘Emefiele, cronies acquired 753-duplex estate  in Abuja with forex kickbacks’ – EFCC

Aminu Imam
EFCC on Emefiele

The Economic and Financial Crimes Commission (EFCC) has linked former Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, to a 753-duplex estate in Abuja allegedly acquired through forex kickbacks and other fraudulent activities. Court documents revealed that Emefiele and his associates used N2.2 billion, funneled through three companies, to purchase the property spanning 150,500 square meters in Lokogoma District. The EFCC claims the companies were used to launder proceeds of corruption, with payments split into N900m, N700m, and N600m. Justice Jude Onwuegbuzie, of the FCT High Court, recently ordered the…

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Ex-AMCON MD, Ahmed Kuru, others on trial for alleged  ₦125bn fraud

Aminu Imam
Ex AMCON MD, Kuru, others on trial

The Economic and Financial Crimes Commission (EFCC) has filed 6-count criminal charges against several individuals and organisations, including former Managing Director of the Assets Management Corporation of Nigeria (AMCON), Ahmed Lawal Kuru, and the Union Bank of Nigeria Plc.  The charges, according to reports, alleged their involvement in the mismanagement of funds belonging to Arik Air Limited totalling a staggering 125billion. The charges, filed at the Ikeja Judicial Division of the Lagos State High Court, October 29, 2024 is between Federal Republic of Nigeria as Complainant and Kamilu Alaba Omokide,…

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AuGF uncovers N14bn tax fraud in over 30 MDAs under ex-President Buhari

Aminu Imam
AuGF uncovers N14bn tax fraud

A report by the Auditor-General of the Federation has unearthed tax irregularities amounting to N14.33bn across more than 30 Ministries, Departments, and Agencies, (MDAs). The findings, disclosed in the Auditor-General’s annual report on ‘Non-Compliance and Internal Control Weaknesses’, highlight serious lapses in tax deductions, remittances, and compliance with financial regulations between 2020 and 2021. The report revealed that six MDAs were responsible for N129.34m in under-deduction of taxes. Paragraphs 234 and 235 of the Financial Regulations (2009) mandate accounting officers to ensure that all applicable taxes, such as Value-Added Tax…

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Alleged $35m fraud: EFCC detains NCDMB boss, Wabote

Aminu Imam
EFCC detains Wabote

…Confiscates traveling documents The Economic and Financial Crimes Commission (EFCC), on Wednesday, seized the traveling passport and detained a former Executive Secretary, Nigeria Content Development and Monitoring Board, (NCDMB), Timber Kesiye Wabote, for alleged $35 million Brass Project fraud. This is the second time in two weeks, that Wabote has been detained. His residence in Abuja was also reportedly  searched by operatives of the commission. A source within the EFCC said: “Wabote appeared before the Commission for further questioning, and we decided to detain him in view of the evidence…

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Alleged N1.3tr diversion: EFCC arrests Delta ex-Gov. Okowa

Aminu Imam
EFCC arrests Okowa

Operatives of the Economic and Financial Crimes Commission (EFCC) have arrested former governor of Delta State, Ifeanyi Okowa, over alleged diversion of N1.3trillion State funds. Okowa was arrested yesterday for the alleged diversion of the funds, said to be part of the 13% Derivation Funds earmarked for oil-producing States. Sources at the Commission said that the former governor was being investigated for alleged diversion of funds to acquire estates in Abuja and Asaba in Delta State. EFCC Spokesperson, Dele Oyewale, confirmed Okowa’s arrest to newsmen yesterday night. Officials said that…

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Alleged N27bn Fraud: EFCC arrests former Taraba Gov. Darius Ishaku

Aminu Imam
AIT IMAGES 43

The Economic and Financial Crimes Commission (EFCC) has arrested the immediate-past governor of Taraba State, Darius Ishaku. The former Governor was arrested at his Abuja residence in the early hours of Friday, over alleged N27 billion fraud. Spokesman of the EFCC, Dele Oyewale, confirmed the development. It was gathered that Ishaku was detained after he could not provide satisfactory explanations for financial impropriety under his watch as Taraba State governor. Meanwhile, a source within the EFCC said the anti-graft agency has filed at least 6-count charges bothering on criminal breach…

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FBI charges top NNPC official over $2.1m bribes to help Addax Petroleum escape $2.4bn liability to Nigeria

Aminu Imam
NNPC FBI agents

A senior Nigerian National Petroleum Corporation (NNPC) official has been slammed with bribery and tax-related charges in the United States, court filings have revealed. A jury recently returned a three-count indictment against Paulinus Iheanacho Okoronkwo after the Federal Bureau of Investigation, (FBI), found that he used his position as a general manager in NNPC’s upstream department to obtain at least $2.1 million in bribes. The alleged bribe was to assist Addax Petroleum escape its $2.4 billion liability to Nigeria as part of an oil-lifting contract that began in 2001, the…

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Alleged N80bn fraud: Yahaya Bello remains ‘wanted’ – EFCC

Aminu Imam
EFCC on Yahaya Bello

…Appeals to SSS, Police to capture him The Economic and Financial Crimes Commission (EFCC) says former Governor of Kogi State, Yahaya Bello, remains ‘wanted’, and that his arrest is a collective responsibility of all security agencies in Nigeria. “We have declared him as ‘wanted’; and he is still wanted,” Spokesperson for the anti-graft agency, Dele Oyewale, told newsmen yesterday. When asked why the fugitive former governor had not been arrested since he was declared wanted months ago, Oyewale said, “When a suspected is declared ‘wanted’ in law enforcement, the responsibility…

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Alleged N33bn fraud: Court remands Buhari’s ex-power minister, Mamman in prison

Aminu Imam
Court remands minister Mamman

…Minister faints outside the courtroom Former Minister of Power, Saleh Mamman, yesterday collapsed outside the Federal High Court in Abuja.  Recall that the Economic and Financial Crimes Commission (EFCC) has filed a 12-count charge bordering on money laundering to the tune of N33,804,830,503 against Mamman. Before proceedings, Mamman’s counsel, Femi Ate, informed the presiding judge, James Omotosho, that his client had fainted due to ill health. When hearing resumed, the ex-minister walked into the courtroom and stepped into the dock. However, his clothes were partly drenched. The judge then asked…

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