Tag: Alleged fraud

EFCC given 72 hrs to arrest el-Rufa’i over alleged misuse of ₦423bn

Aminu Imam
EFCC to arrest el Rufa'i

The Economic and Financial Crimes Commission (EFCC) has been given a 72-hour ultimatum to arrest former governor of Kaduna State,Nasir Ahmed el-Rufa’i over alleged misuse of over ₦423 billion while at the helm of affairs in the State. The Northern Christians Accord (NCA) behind the call, in a statement issued on Thursday, noted that it was long overdue for the EFCC to arrest and probe el-Rufa’i on the alleged committal of the infraction. Led by Gideon Jato, the group wondered why it would take the EFCC such a long time…

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Alleged N2.8bn faud: ‘Sirika awarded contract to unqualified coy’ – Witness

Aminu Imam
Alleged Sirika faud

The trial of former Minister of Aviation, Hadi Sirika, continued on yesterday, with the Fifth Prosecution Witness, (PW5), Musa Odiniyan informing Justice S. C. Oriji of the Federal Capital Territory (FCT) High Court that the company, Al-Buraq Global Investment was not qualified for the contract awarded for the repairs of Katsina Airport by the ministry under the leadership of the first defendant. The Economic and Financial Crimes Commission, (EFCC) is prosecuting Sirika and 3 others:  Fatima Hadi Sirika, Jalal Sule Hamma and Al Buraq Global   Investment on six -count amended…

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₦33.8bn fraud: “I recv’d more than ₦22bn from Power Ministry” – BDC Operator 

Aminu Imam
BDC Operator on Power Minister

The trial of former Minister of Power, Saleh Mamman continued yesterday at the Federal High Court, Abuja, presided over by Justice James Omotosho with the Economic and Financial Crimes Commission (EFCC) presenting its 8th witness. The witness, a Bureau de-change (BDC) operator, Abdullahi Suleman, narrated how more than ₦22 billion was allegedly siphoned from the Federal Ministry of Power while Mamman was Minister.  He said the Naira equivalent of the money was exchanged for United States dollars through his  business accounts.  Recall that Mamman is being prosecuted by the EFCC…

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₦12.3bn alleged fraud: EFCC to arraign Oba Otudeko, ex-First Bank MD, Onasanya on Monday 

Aminu Imam
EFCC to arraign2

The Federal High Court in Lagos has fixed Monday, January 20, 2025, for the Economic and Financial Crimes Commission, (EFCC), to arraign the Chairman of Honeywell Group, Chief Oba Otudeko and a former First Bank MD, Stephen Olabisi Onasanya, for allegedly looting ₦12.3billion from First Bank. Otudeko – former Chairman of First Bank of Nigeria (FBN) Holdings –  and Onasanya are to be arraigned alongside a former Board member of Honeywell, Soji Akintayo and a firm, Anchorage Leisure Ltd. connected to Otudeko. According to the EFCC, the four committed the…

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Kaduna: Court denies el-Rufa’i’s ex-aide, Jimi Lawal bail in money-laundering case

Aminu Imam
Court denies Jimi Lawal bail

A Kaduna State High Court has denied bail to Muhammad Bashir Sa’idu, the former Chief of Staff to Nasir el-Rufa’i, the immediate-past governor of the State, in a money-laundering case filed against him. The court delivered its ruling yesterday, refusing the bail application principally on the grounds  that a formal charge had been filed at the Kaduna State High Court II against Sa’idu. According to the Kaduna State Director of Public Prosecution, Samson Irimiya, “The bail application ruling was delivered refusing the bail application principally on the grounds that since…

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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 States 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-Generals 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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