Tag: Economic and Financial Crimes Commission

EFCC makes history, launches first Anti-Corruption Radio in Africa

Aminu Imam
EFCC Radio

The Economic and Financial Crimes Commission (EFCC) has launched its Anti-Corruption Radio in Abuja, which is also the first of its kind in Africa. The ‘EFCC Radio’ 97.3 FM, was established to provide day-to-day information, enlightenment, entertainment and campaigns against corruption in the country. At the Inauguration of the Station, Minister of Information and National Orientation, Mohammed Idris, and EFCC boss, Ola Olukoyede, bared their minds on the menace of fake news, stressing that all efforts should be geared towards fighting it. Idris said: “As a Minister, we feel very…

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EFCC files fresh charges against Emefiele over printing of Naira notes

Aminu Imam
Emefiele EFCC

The Economic and Financial Crimes Commission (EFCC) has brought a fresh four-count charge against Godwin Emefiele, the former governor of the Central Bank of Nigeria, (CBN). The charges, which include accusations of “illegal” printing of naira notes, will be heard by a judge at the Federal Capital Territory (FCT) High Court, today, Wednesday. According to the charge sheet, the EFCC alleges that Emefiele “disobeyed the direction of law with intent to cause injury to the public” by approving the printing of naira notes without “strict approval” from former President Muhammadu…

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EFCC stops dollar transactions, asks embassies to charge in Naira

Aminu Imam
EFCC Naira

The Economic and Financial Crimes Commission, (EFCC), has read the Riot Act to foreign missions based in Nigeria, banning them from transacting in foreign currencies, and mandating the use of Naira in their financial businesses. The EFCC has also mandated Nigerian foreign missions domiciled abroad to accept Naira in their financial businesses. The move, the EFCC noted, is to tackle the dollarisation of the Nigerian economy and the degradation of the Naira. The anti-graft commission, in an advisory to the Minister of Foreign Affairs, Ambassador Yusuf Tuggar, titled: “EFCC Advisory to…

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EFCC denies releasing list of ex-Govs. under investigation

Aminu Imam
EFCC denies

The Economic and Financial Crimes Commission, (EFCC), has disassociated itself from a circulating report in the media alleging the release of a list of 58 former State governors under investigation for corruption, to the tune of N2.18 trillion. In an issued press statement yesterday, signed by EFCC spokesperson, Dele Oyewale, the Commission clarified that it has not issued any such list nor discussed the investigation of the former governors with any media outlet. According to the statement, the report, titled: ‘EFCC Releases Full List of 58 Ex-Governors that Embezzled N2.187…

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Olukoyede restructures EFCC, appoints Chief of Staff, 14 Directors

Aminu Imam
EFCC

Executive Chairman of the Economic and Financial Crimes Commission, (EFCC), Ola Olukoyede, has appointed Michael Nzekwe as his Chief of Staff. This is even as he also appointed Zonal Directors for each of the 14 Zonal Commands of the Commission. Nzekwe, a top-notch investigator, lawyer and former commander of the Ilorin Zonal Command of the EFCC, is a Course-1 officer of the anti-graft Commission. He has served in various departments in the Commission, including Legal and Prosecution Department, Department of Operations (now Department of Investigations), Department of Internal Affairs (now…

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EFCC targets former Buhari ministers over multi-billion Naira fraud allegations

Aminu Imam
EFCC

The Economic and Financial Crimes Commission (EFCC) is intensifying its investigations into several former ministers who served under President Muhammadu Buhari, over alleged involvement in multi-billion naira fraud cases. This development follows the growing scrutiny of prominent figures from the previous administration. According to EFCC sources, the former Minister of Aviation, Hadi Sirika, and the former Minister of Justice and Attorney-General of the Federation, Abubakar Malami, are among those under investigation. These individuals were key figures during Buhari’s tenure and are now facing allegations tied to massive financial irregularities. Reports…

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Alleged N80bn fraud: EFCC declares Yahaya Bello ‘wanted’

Aminu Imam
EFCC Yahaya Bello

The Economic and Financial Crimes Commission, (EFCC), has declared Yahaya Bello, former governor of Kogi State, as ‘wanted’. In a post on its official Facebook page, the anti-graft Commission said Bello is wanted in connection with alleged economic and financial crimes amounting to N80.2 billion. ”Anybody with information as to his whereabouts should report immediately to the Commission or the nearest Police Station”, EFCC wrote. Recall that Bello was whisked away from his Abuja home yesterday by his successor, Governor Usman Ododo, while EFCC operatives laid siege to his residence.…

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Corruption: “Arrests must follow Rule of Law” – EFCC boss tells operatives

Aminu Imam

Chairman of the Economic and Financial Crimes Commission, (EFCC), Ola Olukoyede, has urged officers of the anti-graft agency to follow the rule of law in carrying out arrests. Olukoyede stated this in his New Year address to staff, posted on the anti-graft agency’s official X account. Olukoyede noted that arrests and bail would henceforth be done in line with the rule of law. “The major objective of the war against corruption and financial crimes is to drive economic development and create wealth and job opportunities for the populace. We need…

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Alleged Fraud: EFCC arrests ex-minister over N3.6bn loan

Aminu Imam

…Grills Federal Character Commission Chair The Economic and Financial Crimes Commission, (EFCC) has arrested a former Minister of Commerce and Industry, Charles Ugwu, for alleged conspiracy and loan fraud to the tune of N3.6 billion. Recall that Ugwu was appointed minister by late President Umaru Yar’Adua and was sacked after a cabinet reshuffle that affected 19 other ministers. According to a statement by the Head of Media and Publicity of the commission, Dele Oyewale, on Monday, the ex-minister was arrested with Chief Geoffrey Ekenma on January 11, 2024, at No.2,…

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“Era of freezing accounts containing proceeds of fraud over” – EFCC Chairman

Aminu Imam

Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, says the era of placing ‘Post-No-Debit’ (freezing) on individual and companies’ accounts is over. The Chairman said this when the Small and Medium Enterprise Development Agency of Nigeria, (SMEDAN) paid him a courtesy visit at the EFCC headquarters, Abuja. According to Olukoyede, the Commission will separate proceeds of crime from legitimate funds to allow businesses to grow in the country.He said: “Businesses, as growing concerns, have to grow. We have to allow them to grow. These are people having…

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