Tag: EFCC

“Yahaya Bello arrested in midnight sting operation; didn’t surrender” – EFCC

Aminu Imam
EFCC Yahaya Bello

Former Kogi State Governor Yahaya Bello is currently in custody at the Economic and Financial Crimes Commission (EFCC) headquarters in Abuja. The embattled politician is facing accusations of money laundering and financial misconduct amounting to N80.2 billion. According to reliable sources at the Commission’s headquarters, Bello was arrested in a midnight sting operation. A source familiar with the development stated that Bello, who had initially claimed to have voluntarily honoured the commission’s invitation, was trailed and arrested by EFCC operatives in Lokoja at midnight. “Former Governor of Kogi State, Yahaya…

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Fresh concerns emerge over EFCC’s plans to prosecute top bank executives

Aminu Imam
EFCC's plans on banks

There is growing unease within Nigeria’s banking sector following the Economic and Financial Crimes Commission (EFCC)’s announcement of its intention to target top bank executives as part of efforts to combat corruption in the public sector. This coming against the accusation that banks in the country have been identified as major facilitators and conduit pipe for the perpetration of corruption in Government and it’s agencies, which has severely undermined the country’s economy. The EFCC Executive Chairman, Olanipekun Olukoyede, stirred the hornet’s nest at the weekend, during the gathering of bankers,…

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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…

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“Most Nigerians hoarding monies at home over fear of ICPC, EFCC, others” – Ex-AGF, Agabi

Aminu Imam
Ex AGF, Agabi

Former Attorney-General of the Federation (AGF), Kanu Agabi, (SAN) has disclosed that the fear of the EFCC, the ICPC, the SSS, the FIRS, the NFIU and the Police has caused many Nigerians to horde their monies at home, instead of taking those monies to the banks. Agabi also said, the fear has now become a source of “distress to the nation’s economy,” noting that, “The cure is turning out to be worse than the disease.” Speaking at the maiden ICPC Conference with State Attorneys General on Strengthening ICPC’s Capacity for…

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Alleged N70bn theft: “Matawalle can’t escape probe”, EFCC assures Zamfara APC protesters

Aminu Imam
EFCC Matawalle

The EFCC has promised to continue its investigation into alleged stealing of N70bn by Nigeria’s deputy defence minister Bello Matawalle. The Minister of State for Defence, Bello Matawalle appears to be in deeper mess as the Economic and Financial Crimes Commission (EFCC) on Friday promised to continue with his investigation over alleged stealing of N70 billion between 2019 and 2023. The Commission said it does not close cases once it opens an investigation. The EFCC’s Acting Director of Public Affairs, Wilson Uwujaren, gave the assurance during a protest by members…

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EFCC detains NAHCON Chairman, recovers 314,098 Saudi Riyal

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FB IMG 1723737966402

Executive Chairman of the National Hajj Commission of Nigeria, (NAHCON), Jalal Arabi, as well as the Commission’s Secretary, Abdullahi Kontagora, are currently in the custody of the Economic and Financial Crimes Commission (EFCC) over the alleged mismanagement of the N90bn 2024 Hajj subsidy. In a document issued on Wednesday, the anti-graft agency said, “A total of Saudi Riyals (SR)314,098 was recovered” from the NAHCON chairman and other ranking officials. The EFCC said its investigation revealed that from the N90bn Hajj subsidy, Arabi, fraudulently overpaid himself and his accomplices the necessary…

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“Some religious organisations more corrupt than public offices” – EFCC Boss

Aminu Imam
EFCC Olukoyede

Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, says he has evidence to prove that some religious organisations are “more corrupt” than public offices in Nigeria. Speaking during a leadership conference organised by the Redeemed Christian Church of God (RCCG) in Lagos on Friday, Olukoyede accused religious leaders of pointing fingers at others rather than themselves. Olukoyede made the revelation during a one-day dialogue in Abuja, with the theme: “Youth, Religion, and the Fight against Corruption”, said: “Just this last week, I have had cause to recover…

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Alleged N80bn fraud: Yahaya Bello remains ‘wanted’ – EFCC

Aminu Imam
EFCC on Yahaya Bello

…Appeals to SSS, Police to capture him The Economic and Financial Crimes Commission (EFCC) says former Governor of Kogi State, Yahaya Bello, remains ‘wanted’, and that his arrest is a collective responsibility of all security agencies in Nigeria. “We have declared him as ‘wanted’; and he is still wanted,” Spokesperson for the anti-graft agency, Dele Oyewale, told newsmen yesterday. When asked why the fugitive former governor had not been arrested since he was declared wanted months ago, Oyewale said, “When a suspected is declared ‘wanted’ in law enforcement, the responsibility…

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Alleged N80.2bn fraud: EFCC uncovers Yahaya Bello’s plan to escape Nigeria

Aminu Imam
EFCC Yahaya Bello

…Immigration put him on watchlist The Economic and Financial Crimes Commission, (EFCC), has uncovered the plan of ex-Kogi governor, Yahaya Bello, to leave Nigeria for Morocco via Cameroun amid the N80.2 billion fraud allegation against him. Recall that Bello, who is currently on the run, faces a 19-count charge, including allegations of money laundering, breach of trust, and misappropriation of public funds amounting to about N80.2 billion. Despite denying the allegations, he has repeatedly failed to appear before Justice Emeka Nwite on scheduled dates. On Thursday, June 27, the defendant failed…

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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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