Alleged N109bn Fraud: Court Grants Ex-Accountant General, Idris Ahmed, 2 Others Bail
Six days after he was remanded in prison custody, an Abuja High Court sitting at Maitama, on Thursday, granted bail to the former Accountant-General of the Federation, AGF, Ahmed Idris, to the tune of filing this report. The court, in a ruling that w...
Oyo State Governor’s Aide In Court Over Alleged Fraud
The Ibadan Zonal Command of the Economic and Financial Crimes Commission, EFCC, on June 23, 2022 arraigned one Babawale Daniel Olayinka before Justice Uche Agomoh of the Federal High Court sitting in Ibadan, Oyo State, on five count charges which bor...
Court Jails Senator Nwaoboshi 7 Years For Money Laundering
The Court of Appeal sitting in Lagos, Friday, convicted and sentenced Senator Peter Nwaoboshi, senator representing Delta North senatorial district at the National Assembly, to seven years imprisonment and ordered that his two companies, Golden Tou...
Gowon Denies Looting Half Of CBN Describes Allegations As “Rubbish”
Yakubu Gowon, a former military head of state, has described allegations that he looted half of the Central Bank of Nigeria as “rubbish”. Tom Tugendhat, a member of the United Kingdom parliament, had accused Gowon of looting Nigeria’s treasury when he left office. Speaking at the UK parliament committee debate on a petition on the #EndSARS crisis, Tugendhat had urged the...
Court Rejects EFCC’s Document In Ex-NNPC GMD Yakubu’s Trial
The Federal High Court in Abuja, on Monday, refused to admit as exhibit a document tendered by Economic and Financial Crimes Commission, EFCC, in the ongoing trial of a former Group Managing Director of the Nigerian National Petroleum Corporation, Andrew Yakubu. Yakubu is being prosecuted by the EFCC on charges bordering on the cash sums of $9,772, 800, and £74,000...
DSP Abba Kyari Reacts To Corruption Allegations Against Him
Abba Kyari, head of the Inspector General of Police Intelligence Response Team, says he is unperturbed by allegations against him. There have been accusations that he was involved in corrupt practices and executions. A businessman, Afeez Mojeed, on October 29 petitioned the Lagos State Judicial Panel of Inquiry investigating the disbanded Special Anti-Robbery Squad (SARS) He alleged that in 2014, Kyari, then...
Stop Congratulating Me, EFCC Boss Warns
The Economic and Financial Crimes Commission, EFCC, says it has observed the increasing number of messages published in the print media by groups and individuals, congratulating Mr. Abdulrasheed Bawa on his well-deserved appointment as the Executive Chairman of the Commission. While the open exhibition of affection and solidarity may be salutary in our cultural milieu, and indeed appreciated, it is...
EFCC Arrests Former Akwa Ibom Commissioner Over N1.4bn Fraud, Keeps Okorocha
Operatives of the Uyo Zonal Office of the Economic and Financial Crimes Commission, EFCC have arrested a former Attorney-General and Commissioner for Justice, Akwa Ibom State, Uwemedimo Nwoko. Nwoko, an alleged accomplice in the N1.4bn money laundering charge against Paul Usoro, a former President of the Nigerian Bar Association had been at large for over two years. A source said the...
Appeal Court Upholds Forfeiture Of Diezani’s $40m Worth Of Jewellery
The Court of Appeal sitting in Lagos has upheld the final forfeiture order on the $40 million worth of jewellery seized from the premises of the former Minister for Petroleum, Diezani Allison-Madueke. Justice Festus Obande, who read the judgment on Friday, held that there was no substance in Alison-Madueke’s bid to overturn the lower court’s order and subsequently dismissed the...
Money Laundering: EFCC Arraigns Mompha In Lagos (Photos)
The Lagos Command of the Economic and Financial Crimes Commission, EFCC, on Wednesday, January 12, 2022, arraigned Ismaila Mustapha, also known as Mompha, and Ismalob Global Investment Limited before Justice Mojisola Dada of the Special Offences Court sitting in Ikeja, Lagos on eight counts bordering on conspiracy to launder funds obtained through unlawful activities, retention of proceeds of criminal...
