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    At last, the Nigeria Financial Intelligence Unit (NFIU) will from June 1, this year begin monitoring of local government accounts, a statement signed by Ahmed Dikko, Acting Chief Media Analyst of NFIU has said. According to the statement, all transactions in all local government accounts must conform with provisions of the constitution, adding that erring ...
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    Three lawyers who allegedly assaulted an Economic and Financial Crimes Commission (EFCC) detective on Monday appeared in an Ikeja Chief Magistrates’ Court. Lateef Abdulsalam, 55, Evans Okwuede, 45 and a female, Abiodun Kolawole, 48, who are members of the Ikeja Branch of the Nigerian Bar Association (NBA), are accused of assaulting Mrs Patience Kalu, a ...
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    The Acting Chairman of the Economic and Financial Crimes Commission (EFCC) Mr Ibrahim Magu, has called for concerted efforts to combat illegal oil bunkering and theft in the South-South by applying stiffer penalties. EFCC spokesman, Mr Tony Orilade, said in statement on Wednesday that Magu stated this when he visited the Commander, Nigeria Navy Ship ...
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    Babachir Lawal, former Secretary to the Government of the Federation was on Tuesday arraigned in an FCT High Court Maitama on allegation of N544 million grass cutting fraud. He was arraigned alongside Hamidu Lawal, a director of Rholaviosion Engineering Ltd., Babachir’s company, Sulaiman Abubakar, a staff of the same company and Apeh Monday, a staff ...
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    The Economic and Financial Crimes Commission (EFCC) has cleared Zinox Technologies Ltd., Zinox Telecoms as well as Technology Distributions Ltd. (TD) and its staff of any infraction based on a series of petitions written by one Benjamin Joseph, the owner of Citadel Oracle Concept Limited, a company based in Ibadan, claiming that his authorized agent, ...
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    A former Minister of State for Defence, Sen. Musiliu Obanikoro, on Tuesday admitted before a Federal High Court in Lagos that he was investigated by the Economic and Financial Crimes Commission (EFCC) for being privy to illicit transfer of funds. Obanikoro made the statement while giving evidence in the criminal trial of the immediate-past Governor ...
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    The Economic and Financial Crimes Commission (EFCC), on Monday tendered in evidence 22 payment vouchers before the Federal High Court, Katsina, in the ongoing trial of ex-governor Ibrahim Shema. The court however rejected eight of the documents and admitted 14 as exhibits. Shema is accused of N5.7 billion fraud during his tenure involving SURE-P funds. ...
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    The Acting Chairman of the Economic and Financial Crimes Commission (EFCC), Mr Ibrahim Magu, has warned looters of the country ’s treasury to voluntarily return stolen funds and assets or face prosecution. Magu, who spoke with the News Agency of  Nigeria (NAN) in New York, described  corruption as “an evil that would not be tolerated.’’ He ...
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    If you think the Economic and Financial Crimes Commission (EFCC) would dig into the allegations of tax evasion and money laundering levelled against national leader of the APC, Bola Ahmed Tinubu, by Mr. Dapo Apara,  estranged ex-Managing Director/Chief Executive Officer of Alpha Beta, a consultancy owned by Bola Tinubu, perish the thought. The petition dated ...
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    June 22, 2018 The Economic and Financial Crimes Commission (EFCC), Benin Zonal office, said it secured nine convictions for various financial crimes within the last 12 months. Mr Mailafia Yakubu, zonal head of the Benin office comprising Edo, Delta and Ondo, disclosed this on Friday at an event to mark the first anniversary of the ...