Tag: EFCC

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…

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$248m Probe: Investigators tighten the noose on el?Rufa’i

Aminu Imam
Investigators on el?Rufa'i 2

Investigators have reportedly  discovered that the Kaduna State capital project bank account remains linked to immediate-past governor, Nasir el-Rufa’i and some of his appointees while the current governor, Uba Sani, is not a signatory. Recall that the State House of Assembly, in June this year, adopted the report of its ad-hoc committee which indicted el-Rufa’i and requested his prosecution. The lawmakers accused the ex-governor of mismanaging about N423 billion from loans obtained for the state by his administration. The report alleged that the loans were not used for their intended…

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‘Emefiele, cronies acquired 753-duplex estate in Abuja with forex kickbacks’ – EFCC

Aminu Imam
EFCC on Emefiele

The Economic and Financial Crimes Commission (EFCC) has linked former Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, to a 753-duplex estate in Abuja allegedly acquired through forex kickbacks and other fraudulent activities. Court documents revealed that Emefiele and his associates used N2.2 billion, funneled through three companies, to purchase the property spanning 150,500 square meters in Lokogoma District. The EFCC claims the companies were used to launder proceeds of corruption, with payments split into N900m, N700m, and N600m. Justice Jude Onwuegbuzie, of the FCT High Court, recently ordered the…

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Iredia, Lai Moh’d, DSS DG, EFCC Chair to speak at IPI Nigeria conference

Aminu Imam
IPI Nigeria conference

Renowned media practitioner, Professor Tonnie Iredia will deliver a keynote address on: ‘Democracy, Media Freedom and the Imperative of Protecting Nigeria’s Civic Space, at the 2024 conference of the Nigeria Chapter of the International Press Institute, (IPI Nigeria). According to an issued statement yesterday by the IPIs Secretary, Ahmed I. Shekarau, the event will be held on December 11, at the Abuja Continental Hotel, (formerly Sheraton Hotel). The Institute will also hold its annual general conference, elect new leadership and host its members and supporters to a dinner on 12…

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Ex-AMCON MD, Ahmed Kuru, others on trial for alleged ?125bn fraud

Aminu Imam
Ex AMCON MD, Kuru, others on trial

The Economic and Financial Crimes Commission (EFCC) has filed 6-count criminal charges against several individuals and organisations, including former Managing Director of the Assets Management Corporation of Nigeria (AMCON), Ahmed Lawal Kuru, and the Union Bank of Nigeria Plc.  The charges, according to reports, alleged their involvement in the mismanagement of funds belonging to Arik Air Limited totalling a staggering 125billion. The charges, filed at the Ikeja Judicial Division of the Lagos State High Court, October 29, 2024 is between Federal Republic of Nigeria as Complainant and Kamilu Alaba Omokide,…

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EFCCs makes largest asset recovery since establishment

Aminu Imam
EFCC makes recovery

…As court orders forfeiture of Abuja estate with 753 duplexes  The Economic and Financial Crimes Commission, (EFCC), has achieved its largest single asset recovery since its establishment in 2003, following the final forfeiture of an estate comprising 753 duplexes and apartments in Abuja.  This was contained in an issued statement made available on the official X account of the Commission yesterday. The estate, covering 150,500 square metres in Lokogoma District, was forfeited to the federal government by order of the presiding judge, Justice Jude Onwuegbuzie yesterday, December 2, 2024. Justice…

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Yahaya Bello: Court to rule on bail application Dec. 10

Aminu Imam
Yahaya Bello court to rule

Defendant to remain in EFCC custody The Federal Capital Territory (FCT) High Court, has fixed December 10, 2024 for rulings on the bail applications by the immediate-past Governor of Kogi State, Yahaya Bello, and two others.  The presiding judge, Justice Maryann Anenih, fixed the date after taking arguments for and against the bail request by Bellos lawyer, Joseph Bodunde Dauda, (SAN) and the Prosecutions Counsel, Kemi Pinheiro, (SAN). Ex-Gov Bello and two others had, on Wednesday, pleaded ‘not guilty’ to the 16-count charges brought against them by the Commission.  Bello,…

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Alleged $35m fraud: EFCC detains NCDMB boss, Wabote

Aminu Imam
EFCC detains Wabote

…Confiscates traveling documents The Economic and Financial Crimes Commission (EFCC), on Wednesday, seized the traveling passport and detained a former Executive Secretary, Nigeria Content Development and Monitoring Board, (NCDMB), Timber Kesiye Wabote, for alleged $35 million Brass Project fraud. This is the second time in two weeks, that Wabote has been detained. His residence in Abuja was also reportedly  searched by operatives of the commission. A source within the EFCC said: Wabote appeared before the Commission for further questioning, and we decided to detain him in view of the evidence…

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S’Court dismisses States govs. suit challenging constitutionality of EFCC, ICPC, NFIU Acts

Aminu Imam
S'Court dismisses

The Supreme Court, on Friday, dismissed the suit instituted by 16 States of the federation against the Attorney-General of the Federation (AGF), challenging the constitutionality of the acts establishing the Economic and Financial Crimes Commission, (EFCC) and two others. The other agencies are the Independent Corrupt Practices and other related offences Commission (ICPC), and the Nigerian Financial Intelligence Unit, (NFIU). A 7-member Justices, in a unanimous judgment, held that the suit was unmeritorious. In the lead judgment by Justice Uwani Abba-Aji, the Supreme Court resolved the six issues raised for…

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Persistent Grid Collapse: EFCC probes contracts awarded in power sector

Aminu Imam
EFCC probes contracts

The Economic and Financial Crimes Commission (EFCC) has disclosed that it has initiated probe into contracts awarded in the power sector while attributing Nigerias unreliable electricity supply and persistent grid collapses to corruption within the sector. Chairman of the agency, Ola Olukoyede, disclosed this during the visit of the House Committee on Anti-Corruption and Financial Crimes to the Commissions headquarters in Abuja. According to Olukoyede, EFCC investigations revealed that contractors awarded projects to supply electrical equipment frequently resorted to substandard materials. He identified this as the primary reason for the…

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