Tag: Alleged fraud

EFCC detains AMCON official over N120bn fraud in Arik Air

Aminu Imam

The Economic and Financial Crimes Commission, (EFCC) has detained the Receiver Manager appointed by the Assets Management Corporation of Nigeria, (AMCON) for Arik Nigeria Ltd, Kamilu Omokide, over alleged misappropriation and diversion of about N120billion. It wad gathered that that the EFCC detained Omokide alongside one Captain Samuel Caulcrick in connection with alleged illegal sale and tearing down of a $41m CRJ 1000 aircraft, which was operated by Arik Air. Documents obtained by our correspondent on Friday revealed that the detention of the two top executives was sequel to a…

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Alleged N22bn Fraud: EFCC arrests ex-power minister, Sale Mamman

Aminu Imam

Former Minister of Power, Sale Mamman, been arrested and detained by the Economic and Financial Crimes Commission (EFCC) in connection with an alleged N22 billion fraud. According to sources, Mamman, who was minister under President Muhammadu Buhari from 2019 to 2021, was arrested in the early hours of yesterday, and is being detained at the headquarters of the anti-graft agency in Abuja. The arrest is connected to investigations into alleged corruption in the execution of some power projects. Mamman is accused of conspiring with staff of the ministry in charge…

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Alleged N4.6bn fraud: EFCC to begin fresh proceedings against Fani-Kayode, others

Aminu Imam

The Economic and Financial Crimes Commission (EFCC) says it will commence fresh the prosecution of Femi Fani-Kayode, a former Minister of Aviation, and three others at the Federal High Court, Abuja on alleged misappropriation of N4.6bn and money laundering. Counsel for the EFCC, Rotimi Oyedepo, on Tuesday, told Justice Daniel Osiagor, of the Federal High Court in Lagos, that this move became necessary following last week’s judgement of the Court of Appeal, Lagos Division, which quashed the charges. According to Oyedepo, in view of the judgement of the Court of Appeal, all…

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N146bn fraud allegation rocks North-East Development Commission

Aminu Imam

Two transparency groups have threatened to drag the leadership of the North-East Development Commission, (NEDC), to the Economic and Financial Crimes Commission, (EFCC) and the Independent Corrupt Practices Commission, (ICPC) over the alleged mismanagement of N146.19 billion. The groups, People Advocacy for Transparency and Accountability (PATAI) and Al-Mushaid Initiative for Transparency and Accountability (AITA) gave the NEDC up to March 15 to respond to the allegations. PATAI executive chairman, Francis Bassey, and AITA president, Aminu Majidadi, issued the ultimatum during a joint news conference on Thursday in Abuja. According to them,…

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N3bn Fraud: Yahaya Bello’s nephew granted bail

Aminu Imam

..Gov”s wife remains at large The Abuja Division of the Federal High Court admitted Ali Bello, Governor Yahaya Bello’s nephew, and three others to N500 million bail each in an alleged N3 billion fraud trial. According to Justice Obiora Egwuatu’s ruling, the charges against the defendants are bailable. The judge also said the bail was to enable defendants charged with an offence to prepare adequately for their trial. Recall that the Economic and Financial Crimes Commission, (EFCC) had, on February 8, arraigned Bello alongside Abba Adauda, Yakubu Siyaka Adabenege, and…

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Missing N109bn Public funds: Ex-AG-F, Ahmed Idris, voluntarily returned $900,000 cash – Witness

Aminu Imam

A High Court of the Federal Capital Territory, FCT, in Maitama, Abuja has been informed by a witness that the suspended Accountant-General of the Federation, Ahmed Idris, voluntarily returned about $900,000 in cash. According to the witness, the returned cash was part of the public funds allegedly diverted by the embattled Idris. Recall that the former Accountant-General is standing trial for alleged missing N109 billion public funds under his watch. The court also heard how N84.7 billion was taken from the $2.2 billion due to the nine oil-producing States, and…

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Alleged Corruption: NSITF accuses termites of ‘eating’ vouchers, as Senate probes N17.1bn spending

Aminu Imam

Present and past management of the Nigeria Social Insurance Trust Fund ( NSITF), have been under fire from the Nigerian Senate for failing to justify spending of N17.158 billion in 2013 with required evidential documents, some of which were alleged to have been ‘eaten-up’ by termites. The N17.158 billion, as stated in the 2018 Audit report, was the total amount of money transferred by NSITF from its Skye and First Bank accounts into various untraceable accounts belonging to individuals and companies from January to December 2013. The Auditor-General’s office had…

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Alleged Subsidy Frauds: States poised for showdown, demand petrol consumption records from NNPC

Aminu Imam

The Federation Account Allocation Committee (FAAC) has asked the Nigerian National Petroleum Company (NNPC) Ltd. to submit state-by-state consumption of Premium Motor Spirit (PMS), otherwise known as petrol, to its ad-hoc committee. The directive is contained in the FAAC Post Mortem Sub-Committee (PMSC) final report submitted to the whole house at its July 2022 meeting in Abuja. Consumption of PMS has been a major concern to members and it was raised severally at the FAAC plenary. “Therefore, in order to ascertain the consumption, the Sub-Committee also requested the relevant Agencies…

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EFCC probes Supreme Court secretary Gambo Saleh over N10 billion loot, federal racketeering

Aminu Imam

The Economic and Financial Crimes Commission, (EFCC), has launched a probe into the alleged racketeering by Supreme Court Chief Registrar, Ahmed Gambo Saleh, said to have gobbled up over N10 billion in bribes from court contractors and other persons with criminal cases with the judiciary. According to sources familiar with the matter who spoke with newsmen, said the probe was prompted by the tip-off from a whistle-blower who petitioned EFCC to look into the activities of Saleh, accused of feeding fat on the court’s funds and leaving vital projects to…

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N109.5bn Fraud: How suspended Accountant-General, Idris compromised TSA, IPPIS, for personal gains – EFCC

Aminu Imam

The Economic and Financial Crimes Commission, (EFCC) yesterday revealed fresh facts on how former Accountant-General of the Federation, (AGF), Ahmed Idris, compromised the Treasury Single Account, (TSA), Government Integrated Financial Management Information System, (GIFMIS), Integrated Payroll and Personnel information system, (IPPIS), and carted away billions of naira belonging to the Government. EFCC spokesperson, Wilson Uwujaren, made the revelation in an issued statement yesterday, in Abuja. Idris and his co-defendants: Godfrey Olusegun Akindele and Mohammed Kudu Usman are standing trial in an N109 billion fraud case before Justice A. O. Adeyemi…

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