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Tag Archives: Corruption

Alleged N40bn Fraud: Ekiti House of Assembly Gives EFCC 21-day Ultimatum to Investigate Fayemi, Others

EFCC-690x450

The Ekiti State House of Assembly has given the Economic and Financial Crimes Commission (EFCC), 21-day ultimatum to commence investigation into the allegation of N40 billion fraud made against the immediate past governor of the State and Minister of Mines and Steel Development, Dr Kayode Fayemi and others, or face legal action, accusing the anti-corruption commission of compromise. The House ...

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Keystone Bank, MD in trouble over N4bn illegal transaction

Keystone-Bank-Real-696x358

These are not the best of times for Keystone Bank Limited and its managing director/chief executive officer, Mr. Phillip Ikeazor as the House of Representatives on Monday urged the Economic and Financial Crimes Commission to commence investigation into an alleged illegal movement of N4 billion from the Industrial Trust Fund’s account domiciled with the lender. Rep. Ibrahim Baba, the Vice ...

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Court To Hear Suit Against Magu On February 13

Ibrahim Magu

Ibrahim Magu A Federal High Court in Lagos on Monday fixed Feb. 13 to hear a suit filed against Ibrahim Magu, challenging his continued stay in office as Chairman of the Economic and Financial Crimes Commission (EFCC). A lawyer and human rights activist, Ebun-Olu Adegboruwa, had urged the court to restrain Magu from parading himself as acting chairman of the ...

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EFCC Presses Charges Against Five Alleged Masterminds Of N143b Ghost Workers Scam

The Economic and Financial Crimes Commission has filed charges against five officials, who allegedly padded the Federal Government payroll with about 50,000 ‘ghost’ workers. The Federal Government had said the nation lost N143bn to the salary fraud. A reliable source in the EFCC told our correspondent on Sunday that the suspects had been charged to court but the case had ...

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Diezani Multi-million Mansions In Dubai (Photos)

Diez-Dubai-2

Following the handing over of evidence by the Economic and Financial Crimes Commission to the United Kingdom Crimes Agency,  exclusive photos of two Dubai mansions linked to former Nigerian Oil Minister, Diezani Alison-Madueke was obtained. The real estate properties located in Dubai’s high brow Emirates Hills marked as J5 Emirates Hills and E146 Emirates Hills are both valued at 74million ...

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Bank Chairman, Wale Adeduro Arrested Over Fraud

Wale Adeduro

Former chairman of Cashcow Microfinance Bank Ltd Igbosere Lagos island, Lagos State south West Nigeria, Dr Wale Adeduro who has eluded the police for over two years has been arrested by the men of the Nigeria Police Force from the Special Fraud Unit,of the Force Milverton Road,Ikoyi on the directive of the Inspector General of Police. The arrest of Dr ...

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EFCC Arrests Councilor, Six Others For Diverting IDPs’ Rice

EFCC Building

A supervisory councilor with Mafa local government area of Borno State, Umar Ibrahim, has been arrested by the Economic and Financial Crimes Commission, (EFCC) in Maiduguri over alleged diversion of 300 bags of rice meant for the Internally Displaced Persons (IDPs) in the area. Ibrahim, who supervises the local government’s agricultural department, was arrested alongside others named Bulama Ali Zangebe ...

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EFCC Gathers Fresh Evidence Against Patience Jonathan’s Cousin

Ex First Lady Patience Jonathan

The Economic and Financial Crimes Commission (EFCC) has discovered new evidence against Esther Oba, a cousin of former First Lady Patience Jonathan. The anti-graft agency began investigating Ms. Oba after revealing that she was the one of the owners of Mrs. Jonathan’s N9b bank accounts. “After we froze Patience Jonathan’s accounts a few months ago, we continued to investigate the ...

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N5 Trillion Projects Abandoned In Nigeria

The Nigerian National Assembly

The Nigerian National Assembly Dr Abbas Tajuddeen, member of House of Representatives, has said more than N5 trillion government projects were abandoned across Nigeria. Tajuddeen, representing Zaria Federal Constituency, told the News Agency of Nigeria (NAN) in Zaria, that the situation had caused huge losses. He said that the Bill for the amendment to the Public Procurement Act which he ...

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N500m Chibok School Funds Scandal: Invite Okonjo-Iweala For Questioning -SERAP Urges EFCC

Okonjo Iweala

Socio-Economic Rights and Accountability Project (SERAP) has petitioned Ibrahim Mustafa Magu, Chairman, Economic and Financial Crimes Commission (EFCC) requesting him to probe the N500m allocated to rebuild the Government Girls School in Chibok, Borno State. SERAP in its petition wants the EFCC to “urgently begin a thorough, transparent and effective investigation into allegation that N500 million Safe School funds for ...

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