Tag: EFCC

EFCC arrests ex-Kwara governor, Abdulfatah Ahmed over fraud allegations

Aminu Imam

The Economic and Financial Crimes Commission, (EFCC), has arrested the immediate past Governor of Kwara State, Abdulfatah Ahmed, over alleged diversion of N9 billion by his administration. According to reports, sources stated that the former governor has been under interrogation for the past seven hours at the EFCC headquarters in Jabi, Abuja. Ahmed was said to have arrived at the EFCC headquarters at about 10 am yesterday, in response to the invitation extended to him by the agency. The EFCC spokesman, Wilson Uwujaren, confirmed that the former governor responded to…

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“We’ve recovered $153m from Diezani” — EFCC Chairman

Aminu Imam

…Says he won’t pay allegiance to individuals in the govt. The Chairman of the Economic and Financial Crimes Commission, (EFCC), AbdulRasheed Bawa, said on Tuesday that the Commission has recovered a whopping $153 million from former Petroleum Minister, Diezani Alison Madueke, who has been staying in Britain since leaving office in 2015. He said apart from that, no fewer than 80 choice properties valued at $80 million has also been seized from her and handed over to the Federal Government. Bawa, who disclosed this, also served a notice that he…

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Reps order probe of NNPC, CBN, FIRS, EFCC, others over illicit financial flows

Aminu Imam

The House of Representatives has ordered the probe of various departments and agencies of the Federal Government over illicit financial flows in the country. At the plenary yesterday, the House specifically mandated its Committees on Finance; Anti-Corruption; Financial Crimes; Banking and Currency; and Insurance and Actuarial Matters to “investigate the phenomenon of illicit financial flows and appraise the Federal Governments current policy framework to curb the continuous loss of Nigeria’s revenues to illicit financial flows”. The House also mandated the Committees on Finance; National Planning and Economic Development; Anti-Corruption; Financial…

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‘Stop investing in forex trading, bitcoin’, EFCC Warns Nigerians

Aminu Imam

The Economic and Financial Crimes Commission, (EFCC), has warned Nigerians against investing in fraudulent investment schemes that promised high returns with little risk. In a statement issued on Monday by its Head, Media and Publicity, Wilson Uwujaren, the Commission asked Nigerians to stop investing in Ponzi schemes, forex trading, and most recently, bitcoin trading. The EFCC expressed worry that despite the enforcement and public enlightenment interventions from it and other stakeholders, such investment scams had continued to thrive. It urged Nigerians to desist from taking an uncalculated risk in desperation…

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Again, EFCC grills Ex-Zamfara Gov., Yari

Aminu Imam

The Economic and Financial Crimes Commission, (EFCC), yesterday interrogated former Zamfara State governor, AbdulAzeez Yari, over his alleged handling of transactions relating the Paris Club Fund refund while he served as chairman of Nigeria Governors’ Forum, (NGF). Yari was said to be facing questions over other allegations of corruption. Spokesman of the EFCC, Wilson Uwujaren, confirmed that the former governor was invited by the commission’s office in Sokoto. “We extended an invitation to him; He has been with interrogators in our Sokoto office”, he said. However, he could not confirm…

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Imo: “I was invited by EFCC, not arrested”, says Okorocha

Aminu Imam

Former governor of Imo State, Rochas Okorocha, yesterday said that he was not arrested by the Economic Financial Crimes Commission, (EFCC), contrary to the speculations making the rounds. Okorocha, in a statement by his spokesperson, Sam Onwuemeodo, disclosed that he only honoured an invitation by the anti-graft agency. Recall that an on-line platform yesterday reported that the anti-graft agency had repeatedly invited the former governor to its Abuja headquarters in connection with multiple corruption allegations against him. Stating that the EFCC facility is not “a slaughterhouse”, the statement disclosed that…

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“I will resign if…”, says EFCC Boss, Bawa

Aminu Imam

The Chairman of the Economic and Financial Crimes Commission (EFCC), Abdulrasheed Bawa, has threatened to resign from the position, if he is asked to compromise. Bawa said this when he featured in a television programme on Friday. His words were posted in a statement on the EFCC’s official Twitter handle. According to Bawa, “We need to change our attitudes in Nigeria. We are in the habit of worshipping people that have money in the society, but never bother to ask questions about their source of income. He said, “In winning…

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EFCC to prosecute whistleblowers who provide false information

Aminu Imam

The Economic and Financial Crimes Commission (EFCC) has disclosed that it will prosecute whistleblowers who mislead the agency through false information. This warning was contained in a statement released on Friday, and signed by the spokesperson of the anti-graft agency, Wilson Uwujaren. Recall that the whistleblower policy is an anti-corruption programme that was launched in December 2016. It encourages individuals to report cases of financial mismanagement or stolen funds. According to the EFCC chairman, despite due diligence by the EFCC, scarce investigative resources have been wasted by the agency in…

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EFCC gives all financial operators and bankers deadline to declare their assets

Aminu Imam

The Economic and Financial Crimes Commission, (EFCC), has said that it expects all operators in the Nigerian financial system, especially bankers, to declare their assets latest June 1, 2021. According to a press statement issued by the EFCC’s Head, Media & Publicity, Wilson Uwujaren, the Commission’s Executive Chairman, AbdulRasheed Bawa, dropped this hint yesterday, while speaking with journalists at the State House, Abuja after a meeting with President Muhammadu Buhari. The EFCC boss said the directive, which is pursuant to the Bank Employees, ETC. (Declaration of Assets) Act 1986, is…

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EFCC nabs ex-power minister Mohammed Wakil over PHCN payments

Aminu Imam

The operatives of the Economic and Financial Crimes Commission, (EFCC), have nabbed a former Minister of State for Power, Mohammed Wakil, in his residence in Abuja. A source told newsmen that the former minister will be arraigned in the High Court of the Federal Capital Territory (FCT) today, Monday, over some payments involving Power Holding Company Limited (PHCN). The anti-corruption agency had in 2018 arraigned Wakil, and four others at the Federal High Court, Maiduguri, Borno State for another case of an alleged collection of $115 million from a former…

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