Tag: Alleged fraud

Alleged Fraud: “How I collected $3m cash for Emefiele” – CBN employee

Aminu Imam
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A Central Bank of Nigeria (CBN) employee, Monday Osazuwa, yesterday, told an Ikeja Special Offences Court how the former apex bank governor, Godwin Emefiele, on different occasions, directed him to collect three million dollars cash in tranches. Osasuwa, while being led in evidence by the Economic and Financial Crimes Commission (EFCC) counsel, Rotimi Oyedepo (SAN), said he was a dispatch rider in Zenith Bank in 2001 before he joined the CBN in 2014. Osasuwa said he joined the apex bank as a senior supervisor in 2014. The witness said Emefiele…

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Alleged N1.2bn fraud: Tinubu suspends Rural Electrification Agency MD, 3 Directors

Aminu Imam

President Bola Tinubu has suspended the Managing Director/Chief Executive Officer of the Rural Electrification Agency, Ahmad Salihijo, alongside three Executive Directors of the Agency, indefinitely. In an issued statement, signed by Tinubu’s Special Adviser on Media and Publicity, Ajuri Ngelale, yesterday, the State House revealed that “this followed new findings unearthed during a comprehensive investigation into the financial activities of the Rural Electrification Agency”. The statement is titled, ‘President Tinubu suspends Rural Electrification Agency managing director and team from office’. Aside from Salihijo, the President also suspended the Executive Director,…

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Alleged N40bn fraud: Obiano asks court to quash charges against him

Aminu Imam

The immediate-past Governor of Anambra State, Willie Obiano, has asked the Federal High Court in Abuja to quash the N40bn corruption charges brought against him by the Federal Government. His request is contained in a new motion on notice filed before Justice Inyang Ekwo and brought pursuant to provisions of the 1999 Constitution and the Administration of the Criminal Justice Act 2015. In the grounds for the motion, Obiano claimed that there is a subsisting appeal by the Anambra State government challenging the authority of the Economic and Financial Crimes…

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Alleged N7.6bn Fraud: Appeal Court strikes out FG’s suit seeking ex-Abia Gov. Kalu’s retrial

Aminu Imam

The Court of Appeal in Abuja has struck out bid by the Federal Government to begin fresh prosecution of a former Abia State governor, Orji Uzor Kalu, in the N7.6 billion fraud and money laundering case brought against him. The appellate court threw away the Government’s move in a judgment delivered in Abuja by Justice Joseph Oyewole yesterday. Oyewole held that the record of appeal brought by the Federal Government was incompetent and unreliable for any court to use to grant its request. Among others, Justice Oyewole said that the…

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Alleged N4bn theft: Obiano challenges Abuja court’s jurisdiction

Aminu Imam

The Abuja Division of the Federal High Court has fixed March 7 to hear a Motion filed by former Anambra State governor, Willie Obiano. Obiano is challenging the court’s jurisdiction to hear the alleged N4 billion fraud charge filed against him by the Economic and Financial Crimes Commission, (EFCC). The former governor was arraigned on January 24 on a nine-count charge bordering on alleged money laundering to N4 billion. Obiano, however, pleaded ‘not guilty’ to all counts when the charge was read to him. At the resumed hearing of the…

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N70bn Zamfara Govt. fraud: EFCC to revisit case against Bello Matawalle

Aminu Imam

The Economic and Financial Crimes Commission (EFCC) says it will, under the present leadership, revisit N70 billion money laundering case against former Zamfara State Governor, and Minister of State Defence. The Commission specifically said all high-profile cases left behind by the former EFCC chairman, Bello Matawalle, have been reviewed. EFCC Acting Director of Public Affairs, Wilson Uwujaren, disclosed this yesterday, when a group, under the aegis of Zamfara Alternative Forum (ZAF) protested at the Commission’s headquarters in Abuja. The Zamfara Alternative Forum yesterday, stormed the EFCC Headquarters in protest, urging…

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Alleged N37.1bn fraud: EFCC detains Buhari’s ex-humanitarian affairs minister, Sadiyya

Aminu Imam

The Economic and Financial Crimes Commission (EFCC) has detained a former Minister of Humanitarian Affairs, Disaster Management and Social Development, Sadiyya Umar-Farouq, for questioning over allegations of corruption in the handling of N37.1 billion social intervention funds during her tenure. Mrs. Umar-Farouq arrived at the headquarters of the Commission in Abuja to honour an earlier invitation over the pending case yesterday morning. She posted via her X handle at 10.17 a.m. on Monday that she had just arrived at the commission’s office. “I have, at my behest, arrived at the…

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NIPOST N10bn restructuring funds missing; Senate orders probe

Aminu Imam

The N10 billion naira earmarked by the Federal Government to restructure Nigeria’s Postal Service, (NIPOST), has allegedly gone missing. This has led to the Senate ordering a probe into the missing restructuring funds released by the Federal Ministry of Finance. The Senate allegedly discovered that illegal transfers were made to private individuals from two subsidiaries (NIPOST Properties and Development Company and Transport and Logistics Services Limited). The resolution reads: “The sum of N10 billion released by the Ministry of Finance for the proposed NIPOST restructuring and recapitalisation be investigated and the…

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EFCC invites Buhari minister, Umar-Farouq over alleged N37bn fraud

Aminu Imam

Days after expressing willingness to defend her actions while serving as minister of Humanitarian Affairs, Disaster Management, and Social Development, the Economic and Financial Crimes Commission (EFCC) has invited Sadiyya Umar-Farouq for questioning. The invitation os part of an ongoing investigation into the N37,170,855,753.44 allegedly laundered under her watch through a contractor, James Okwete. According to a document, Ms Umar-Farouq was asked to appear before interrogators at the EFCC headquarters, Jabi, Abuja on Wednesday, January 3, 2024, to explain the alleged fraud. The document read in part: “The commission is…

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Alleged N187bn fraud: 4 Buhari’s ministers under probe, as EFCC arrests FG’s contractor

Aminu Imam

The Economic and Financial Crimes Commission (EFC ) has arrested a contractor, James Okwete, in connection with the ongoing probe into the N37bn allegedly laundered by the Ministry of Humanitarian Affairs, Disaster Management, and Social Development under former Minister, Sadiyya Umar-Farouk. A top EFCC official, who confided to newsmen on Sunday, said the contractor had made useful statements concerning Umar-Farouk and former Directors-General of the ministry. The development coincides with the probe of three other ministers, who served under former President Muhammadu Buhari, for graft estimated at N150 billion. “It…

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