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EFCC Recovers ₦802m, Returns Funds to First Bank After Fraud Probe

The Economic and Financial Crimes Commission (EFCC) has handed over ₦802.42 million recovered by its Benin Zonal Directorate to First Bank of Nigeria Plc. The EFCC spokesperson, Mr. Dele Oyewale, disclosed this in a statement issued on Tuesday in Abuja. According to him, the funds were recovered from a suspect, Mr. Ojo Kingsley, who unlawfully […]

FG Files 16-Count ₦1.014bn Money Laundering Charge Against Malami, Son

The Federal Government has filed a 16-count charge bordering on alleged money laundering involving the sum of ₦1.014bn against a former Attorney-General of the Federation and Minister of Justice, Mr. Abubakar Malami, SAN, and his son, Mr. Abubakar Abdulaziz Malami, before the Federal High Court in Abuja. Also named as a co-defendant is Mrs. Bashir […]

Court Grants Emefiele Leave to Forensically Examine WhatsApp Messages, iPhone Evidence

The Special Offences Division of the Lagos High Court, Ikeja, has granted former Central Bank of Nigeria (CBN) Governor Godwin Emefiele permission to engage forensic experts to examine WhatsApp conversations and a mobile device marked “iPhone 2” tendered as evidence in his ongoing trial. In his ruling, Justice Rahman Oshodi held that the defendant was […]

Court Freezes Four Bank Accounts Linked to Ex-NNPCL GMD Kyari

The Federal High Court in Abuja has ordered the temporary freezing of four Jaiz Bank accounts linked to the immediate past Group Managing Director (GMD) of the Nigerian National Petroleum Company Limited (NNPCL), Mr. Mele Kyari, over allegations of fraud. Justice Emeka Nwite issued the order on Tuesday after counsel for the Economic and Financial […]

Otudeko, Onasanya Cleared as EFCC Fraud Case Ends in Courtroom Closure

Justice Chukwujekwu Aneke of the Federal High Court in Lagos has struck out the N12.3 billion fraud case filed by the Economic and Financial Crimes Commission (EFCC) against Honeywell Group Chairman, Dr. Oba Otudeko, and three others, following a settlement between the parties. The EFCC had accused Otudeko, former First Bank MD Olabisi Onasanya, ex-Honeywell […]

EFCC Arrests Former NNPCL Executives Over $7.2bn Refinery Scandal

Operatives of the Economic and Financial Crimes Commission (EFCC) have arrested a former Chief Financial Officer (CFO) of the Nigerian National Petroleum Company Limited (NNPCL), Umar Isa, in connection with an alleged $7.2 billion fraud related to the rehabilitation of the Kaduna, Warri, and Port Harcourt refineries. Also in EFCC custody is Jimoh Olasunkanmi, a […]

EFCC Reports Record-Breaking Asset Recovery, Over 4,000 Convictions in 2024

The Economic and Financial Crimes Commission (EFCC) recorded its highest performance in 2024, with recoveries amounting to ₦364.6 billion and equivalent sums in various foreign currencies. According to statistics released by the anti-graft agency, recovered assets included over 750 properties, 173 vehicles, and various cryptocurrencies. The EFCC also secured 4,011 convictions, with Lagos recording the […]

Akwa Ibom Gov: Allegations Against Udom Emmanuel Are Baseless and Misleading

The Governor of Akwa Ibom State, Umo Eno, has distanced the state government from the ₦700 billion fraud allegations levelled against his immediate predecessor, Udom Emmanuel, by the Network Against Corruption and Trafficking, currently being investigated by the Economic and Financial Crimes Commission (EFCC). “I do not know where they are getting these figures from […]

Ex-Governor Udom Emmanuel Interrogated Over Alleged ₦700bn Corruption Scandal

Operatives of the Economic and Financial Crimes Commission (EFCC) have arrested former Akwa Ibom State Governor, Udom Emmanuel, over allegations of a ₦700 billion fraud. Emmanuel was taken into custody on Tuesday after voluntarily honouring an invitation from the EFCC to respond to allegations of money laundering and fund misappropriation levelled against him by the […]

Former AMCON Boss, Others Face Court Over Alleged Multi-Billion Fraud Against Arik Air

The Economic and Financial Crimes Commission (EFCC) yesterday arraigned five individuals, including the former Managing Director of the Asset Management Corporation of Nigeria (AMCON), Ahmed Kuru, for allegedly defrauding Arik Air of ₦76 billion and $31.5 million. The other defendants include the former Receiver Manager of Arik Air, Kamilu Omokide; the airline’s CEO, Captain Roy […]

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