Tag: EFCC Olukoyede

EFCC sacks 27 officers for fraudulent activities, misconduct

Aminu Imam
EFCC sacks officers

In its quest to enforce integrity and rid its fold of fraudulent elements, the Economic and Financial Crimes Commission, (EFCC) has, dismissed 27 officers from its workforce in 2024. According to a statement  issued by the Commission  yesterday, “The officers were dismissed for various offences bordering on fraudulent activities and misconduct.  Their dismissal, following the recommendation of the staff Disciplinary Committee of the EFCC, was ratified by the Commission’s  Executive Chairman, Ola Olukoyede. The statement further said, “Olukoyede reiterated the commitment of the Commission to zero-tolerance for corruption, warning that…

Read More

Court orders preventing EFCC from investigation in 10 States’ – Chairman, Olukoyede

Aminu Imam
EFCC Olukoyede

Chairman of the Economic and Financial Crimes Commission (EFCC), Olanipekun Olukoyede, has said that the Commission is unable to carry out investigations in 10 States in Nigeria, as a result of court orders restraining it. Olukoyede disclosed this yesterday, during the on-going 6th ‘EFCC-NJI Capacity-Building Workshop For Justices and Judges, at the National Judicial Institute’ in Abuja. Although, the EFCC Chair, who described the workshop theme: “Integrating Stakeholders in Curbing Economic and Financial Crimes as apt, did not disclose the States involved, he, however, lamented that the EFCCs activities have…

Read More

Kogi Assembly calls for EFCC Chair, Olukoyede’s immediate sack

Aminu Imam
Kogi Assembly calls

Alleges assassination attempt on Gov. Ododo, Yahaya Bello Kogi State House of Assembly has called for the immediate removal of the Chairman of the Economic and Financial Crimes Commission, (EFCC), Ola Olukoyede, over his unprofessional handling of the case against the immediate-past State governor , Yahaya Bello. The legislators, during plenary in Lokoja, the state capital, yesterday, condemned what they described as the EFCC operatives unprovoked attack on the Kogi State Government Lodge, saying it was an attack on the Governor of Kogi State, Ahmed Usman Ododo, and the entirety…

Read More

Money Laundering: EFCC to prosecute top bankers for economic, financial crimes

Aminu Imam
EFCC to prosecute

The Economic and Financial Crimes Commission (EFCC) is preparing to prosecute some top bankers in Nigeria for their involvement in money laundering and other financial crimes. The development was disclosed by the EFCC Chairman, Olanipekun Olukoyede, during the 17th Annual Banking and Finance Conference, organised by the Chartered Institute of Bankers of Nigeria (CIBN), held in Abuja yesterday. Olukoyede revealed that the Commission has completed its investigations into the activities of certain banks and their top officials and that it is set to move forward with prosecutions. It is sad…

Read More

“Anti-corruption enforcement will never work in Nigeria” – EFCC Boss

Aminu Imam
EFCC Olukayode

Says jailing corrupt Nigerians will worsen problem Economic and Financial Crimes Commission (EFCC) Chairman, Ola Olukoyede, has said Nigerias anti-corruption fight focused on enforcement will never work, warning that prosecuting and jailing corrupt people will only worsen the situation. Olukoyede, who hosted the management team of the National Orientation Agency, (NOA), led by its Director-General, Lanre Issa Onilu, at EFCC’s corporate headquarters in Jabi, Abuja, on Wednesday, said the anti-graft agency under his watch is interested in financial crimes prevention because enforcement has never worked in the past 20 years.…

Read More

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…

Read More

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 Commissions relentless efforts in ridding the country of all forms…

Read More

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…

Read More

Alleged N80bn Fraud:” I’ll resign If Yahaya Bello escapes prosecution”, EFCC Chair, Olukoyode

Aminu Imam
EFCC Yahaya Bello

The Chairman of the Economic and Financial Crimes Commission, (EFCC), Ola Olukoyede, has said he will resign from office if former Kogi State governor, Yahaya Bello, is not eventually prosecuted for the fraud allegations levelled against him. The EFCC boss, who disclosed this yesterday, during an interactive session with media executives at the EFCC Headquarters, Abuja, said, Im so passionate about the need for us to move forward in this country. The particulars of his case are there. It is before the court. He removed money directly to a Bureau…

Read More

Nigerian banking sector becoming cesspool of fraudulent activities – EFCC warns

Aminu Imam

The Economic and Financial Crimes Commission, (EFCC), has warned that the Nigerian banking sector was becoming a cesspool of fraudulent activities, which undermines the nation’s economy and its financial sector. EFCC Chairman, Ola Olukoyede, who stated this in Abuja yesterday at the annual conference of the Association of Audit Executives of Banks in Nigeria, ACAEBIN, said rising fraudulent activities in the sector is raising considerable challenges and concerns to the commission. The conference has the theme: The role of internal auditor in promoting stability in the financial services sector and national…

Read More