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Tag Archives: EFCC

N8.1billon Debt : Court Restrains Stella Odua From Operating Company Account in 21 Banks

Stella Oduah

A federal high court sitting in Lagos south west Nigeria has restrained Senator Stella Ada Oduah and Sea Petroleum and Gas Company Limited and his directors from making any withdrawal whatsoever from the account of the company and three other Limited Liability companies, Sea Shipping Agency Limited, Rotary Engineering Services Limited, and Tour Afrique Company Limited domicile with 21 commercial ...

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How EFCC Found $9.2m In Ex-NNPC GMD Kaduna Home

Engr Andy Yakubu

Mr Ibrahim Magu, Acting Chairman of Economic and Financial Crimes Commission (EFCC), on Thursday told a committee of the House of Representatives that $9.2 million and 750,000 pounds were recovered from a residence in Kaduna state. Although he did not indicate precisely when the raid by EFCC operatives was carried out, NAN has learnt that the foreign money was recovered ...

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


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


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)


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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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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Oil Subsidy Fraud: Court Adjourns Trial Of Oil Marketer, Olaniran Ogundipe Till March 8.

Olaniran Ogundipe

A Lagos Federal High Court, has adjourned till March 8, the continuation of the trial of a petroleum marketer, Olaniran Ogundipe, and his company, Petroleum Broker Nigeria Limited, who standing trial before the court on alleged N1.323, 162, 160.76 billion fuel Subsidy fraud. Olaniran Ogundipe and his company were arraigned before the court 19th of March, 2014. The court presided ...

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Court Restrains Emeka Offor, Three Others From Operating Bank Account Over Unpaid Debt

Emeka Offor

A Federal high court sitting in Ikoyi,Lagos Nigeria has restrained Nigerian business Mongol,Sir Emeka Offor, rand three others who are directors of a limited liability company KAZTEC ENGINEERING LIMITED from withdrawing or dealing with any part of the sum of United States Dollar 8,450,000 or any monies whatsoever, standing to the credit of the company account domiciled with any of ...

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