Tag: EFCC Bawa

Stashed funds: “Number of governors on EFCC watchlist has increased’ – Bawa

Aminu Imam

Chairman of the Economic and Financial Crimes Commission, (EFCC), AbdulRasheed Bawa, has revealed that the number of governors on their watchlist for alleged money laundering has increased. According to reports, Bawa had said three serving governors are being monitored over their alleged moves to launder stashed billions of naira through payment of salaries to workers. Speaking yesterday, after a meeting with President Muhammadu Buhari in Abuja, Bawa said the Commission is keeping a close eye on the governors. The EFCC chairman, however, declined to mention the number of governors under…

Read More

EFCC demands full disclosures of NNPCL joint venture, oil industry deal

Aminu Imam

…Seeks transparency in sector The Chairman of the Economic and Financial Crimes Commission, AbdulRasheed Bawa, has demanded full disclosures of the joint venture deals in the Nigerian National Petroleum Company Limited (NNPCL), and the oil sector in general. The EFCC boss made his call while speaking at the Legislative Transparency and Accountability Summit organised by the House of Representatives Committee on Anti-Corruption in Abuja, on Wednesday. Bawa, who was represented by Head of Operations, EFCC, Michael Wetcas, noted that the complexities in the oil and gas industry render the sector…

Read More

2023: EFCC to monitor sources of candidates, parties funds – Bawa

Aminu Imam

The Economic and Financial Crimes Commission, (EFCC), has said it would monitor campaign finances, including the legitimacy of funds used to purchase political parties’ nomination forms ahead of the 2023 general elections. The EFCC chairman, AbdulRasheed Bawa, stated this when he featured on a television programme on Friday. According to Bawa, the Commission would be working with the Independent National Electoral Commission, (INEC), and other election-related organisations to track the sources of the money spent on the purchase of nomination of forms. Recall that in the past weeks, the high…

Read More

EFCC grants Obiano bail after spending days in custody

Aminu Imam

The Economic and Financial Crimes Commission, (EFCC), has granted the former governor of Anambra State, Willie Obiano, and one Akpokuedike Aguleri, bail after spending five days in its custody. Disclosing this yesterday, the Chairman of the Commission, AbdulRasheed Bawa, said: “He has been granted bail and we are waiting for him to perfect the bail conditions and everything is going well”. Recall that Obiano was arrested at the Murtala Mohammed International Airport, Lagos, last Thursday, a few hours after he handed over to his successor, Governor Chukwuma Soludo. The anti-graft…

Read More

EFCC blasts Northern Govs. for N60bn cash withdrawal

Aminu Imam

The Economic and Financial Crimes Commission has flagged a Northern Governor for personally withdrawing cash of N60 billion from his state treasury. The EFCC, which broke the story today in its latest EFCC Alert, said the governor is from the North-Central part of the country but didn’t give his name. The EFCC Chairman, Abdulrasheed Bawa, who spoke in the latest edition of the magazine said, “I can tell you for free that the new Department of Intelligence that we have created is working wonders. “They have come up with a…

Read More

Diezani Alison-Madueke: Absence of EFCC counsel stalls ex-Petroleum Minister’s trial

Aminu Imam

The absence of counsel to the Economic and Financial Crimes Commission, (EFCC), and the former Minister of Petroleum Resources, Diezani Alison-Madueke, in court yesterday stalled the money laundering trial. Recall that a Federal High Court, Abuja, had fixed today, Nov. 3, for the EFCC to give a report on its effort at extraditing Alison-Madueke to the country to stand her trial, and for possible mention of the case. Justice Ijeoma Ojukwu was the presiding judge in the matter; however, the case was reassigned to Justice Bolaji Olajuwon, following the transfer…

Read More

Asset declaration: “We’re not witch-hunting, but sanitising banking sector”, says EFCC

Aminu Imam

The Economic and Financial Crimes Commission, (EFCC), has explained that its directive to bankers to declare their assets is aimed at sanitising the banking sector. The EFCC chairman, Abdulrasheed Bawa, stated this yesterday in Abeokuta, the Ogun State capital, at the opening of a 2-day capacity-building workshop for security agencies. Recall that the EFCC had, in March, directed all bank executives to declare their assets latest by June 1. Represented by the EFCC Lagos zonal commander, Mohammed Ghali, Bawa said a clarification became necessary because many people had misconstrued the…

Read More

Insecurity: FG spent N6tr on terrorism war, lost N5.4tr to tax evasion – EFCC Chairman

Aminu Imam

The Chairman of the Economic and Financial Crimes Commission, (EFCC), Abdulrasheed Bawa, has disclosed that the federal government has spent N6 trillion on the war against insurgency since 2018 and lost N5.4 trillion to tax evasion by multi-national corporations operating in the country between 2011 and 2021. This was stated on Friday by the EFCC chairman, while presenting a paper entitled: ‘Combating of crime, corruption and implication for development and security’, at the 38th Cambridge international symposium on economic crime, organised by the Centre for International Documentation on Organised and…

Read More

EFCC launches mobile app for reporting financial crimes

Aminu Imam

Nigeria’s Anti-Graft Agency, the Economic and Financial Crimes Commission (EFCC) has launched a Mobile App, “Eagle Eye,” designed to ease the process of reporting economic and financial crimes in the country. The Executive Chairman of the EFCC, AbdulRasheed Bawa, described the application, being the first of its kind by any law enforcement agency in Nigeria, as a product of ingenuity that was conceived, designed and developed by the Commission. According to him, the initiative is a clear demonstration of his pledge on the assumption of office, to run an agency…

Read More

“Those threatening EFCC boss will have to deal with us first” — Arewa Groups

Aminu Imam

A northern group, Arewa Youth Assembly, (AYA), has said it is ready to fight anybody that threatens the Chairman, Economic and Financial Crimes Commission, (EFCC), Abdulrasheed Bawa. It comes days after Bawa said he had been receiving death threats from high-profile figures since he became head of the anti-graft agency.  At a press conference, the speaker of the Arewa Youth Assembly, Mohammed Salihu Danlami, said Bawa must not be deterred from doing the right thing.  “Any attack or threat on the Chairman is a threat on us and we will…

Read More