Tag: Economic and Financial Crimes Commission

Graft: “For every N10 we recovered, more than N50 was stolen” – EFCC boss

Aminu Imam
EFCC boss on graft

Chairman of the Economic and Financial Crimes Commission, (EFCC), Ola Olukoyede, has that for every N10 recovered by the anti-graft agency, more than N50 has been stolen. The EFCC boss, who stated this on Wednesday  after he was conferred with the “Man of Valour” Award by Global Peace Movement International, (GPMI), an international organisation with presence in 27 countries, added that for any N10 to be recovered, the Commission will need approximately N2.50k. Spokesperson for the anti-graft Commission, Dele Oyewale, in an issued statement, said two other awards, ‘Winner’ and…

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EFCC received 14,000 petitions in one year – Olukoyede

Aminu Imam
EFCC Olukoyede

As a mark of public confidence in the credibility and integrity of operations of the Economic and Financial Crimes Commission, (EFCC), its Executive Chairman, Ola Olukoyede, has disclosed that the Commission had received 14,000 petitions from members of the public in the last one year.?The EFCC boss stated this in Abuja last week Tuesday, when the Special Envoy for West Africa, Dr. Charles Omini, paid him a courtesy visit at the corporate headquarters of the Commission. Olukoyede stated that the Commission’s relentless efforts in ridding the country of all forms…

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Alleged N423bn ‘fraud’: EFCC sets up team to investigate el-Rufa’i, others

Aminu Imam
EFCC El Rufa'i

The Economic and Financial Crimes Commission, (EFCC), has raised a team of operatives to probe alleged mismanagement of N423 billion by former Kaduna State governor, Nasir el-Rufa’i and some key members of his government. It was learnt that the former governor will soon be invited for questioning. Others slated for interrogation are those who served as Finance Commissioners from May 29, 2015, to May 29, 2023; all the Accountants-General in the eight years that his administration lasted, as well as the chairmen of the Kaduna State Internal Revenue Service (KADIRS)…

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EFCC seeks new forfeiture order on $4.7m, ?830m linked to ex-CBN Gov. Emefiele after court reversal

Aminu Imam
EFCC logo

After a Federal High Court in Lagos, presided over by Justice C.J. Aneke, had on May 14, 2024, vacated an interim forfeiture order sought by the Economic and Financial Crimes Commission (EFCC) on monies domiciled in Nigerian banks and properties allegedly linked to Godwin Emefiele, the former Governor of the Central Bank of Nigeria, (CBN), on December 4, 2023, Nigeria’s anti-graft agency has approached another Federal High Court in Lagos to secure another interim forfeiture order on the same sums of $4,719,054, N830,875,611, and properties allegedly linked to Emefiele. Certified…

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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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