$24bn Crude Swap: Ex-PPMC Boss To Forfeit Nine Dubai Properties

The Economic and Financial Crimes Commission has begun fresh moves to seize nine Dubai properties worth about N1.6bn, traced to a former Managing Director of the Petroleum Products Marketing Company, Mr. Haruna Momoh.
Already, the EFCC has obtained an interim forfeiture order from a Federal High Court in Lagos to seize Momoh’s properties

EFCC Said Some Of Govt Officials Diverting Money To Accounts Without BVN

 

The Acting Chairman of the Economic and Financial Crimes Commission, Ibrahim Magu, says some banks are helping corrupt government officials to operate secret accounts without Bank Verification Numbers.
Magu also lamented the non-compliance with regulations on money laundering and other related offences by some banks and financial institutions.

Again EFCC Traces N603m To Civil Servant’s Wife

The Economic and Financial Crimes Commission says it has traced N603m to Mrs Esther Habu, the wife of Mr Josiah Habu, who is the Director of the Bioresources Development Centre in Bayelsa State.

Established in 2003 by the National Biotechnology Development Agency under the supervision of the Federal Ministry of Science and Technology, BIODEC is an intervention programme of the Federal Government aimed at developing the natural resources of Nigeria for use in agriculture, health, environment and industry.

Finally, Senate To Screen Magu For EFCC Chairmanship

The Senate is finally set to screen the Acting Chairman of the Economic and Financial Crimes Commission, Mr. Ibrahim Magu, about six months after his nomination by President Muhammadu Buhari.
The upper chamber of the National Assembly is to conduct confirmation hearing on Magu’s appointment on Thursday.
Buhari had appointed Magu as acting Chairman of the EFCC in November 2015, following the removal of Ibrahim Lamorde, and has remained in the acting capacity for one year.

Patience Patience Jonathan Gets Permission To Amend Suit Against EFCC

 

The wife of President Goodluck Jonathan, Patience, has obtained a court’s leave to amend the N200m lawsuit she filed against the Economic and Financial Crimes Commission and six others.

Patience filed the suit to challenge the ‘No Debit Order’ placed by the EFCC on four bank accounts domiciled with Skye Bank Plc.

The four bank accounts were opened in the name of four companies linked with a former Special Adviser on Domestic Affairs to ex-President Jonathan, Waripamo-Owei Dudafa.

The EFCC froze the $15,591,700 found in the accounts in July while investigating Dudafa for money laundering.

EFCC Loses Case Against Human Rights Lawyer, Adegboruwa

The High Court of Lagos State, presided over by Justice A. Opesanwo has set aside and vacated the interim order of forfeiture by which the house and property of one Mr. Jonathan Udeagbala, was purported to have been attached by the Economic and Financial Crimes Commission, in August 2012.

In May, Lagos lawyer and human rights activist, Ebun-Olu Adegboruwa, was charged to court for allegedly dealing in property forfeited by order of court to the Federal Government through the EFCC.

EFCC to invite Mu’azu, Obanikoro over Omokore’s car gifts

The Economic and Financial Crimes Commission is set to invite the immediate past Chairman of the Peoples Democratic Party, Alhaji Adamu Mu’azu; and a former Minister of State for Defence, Senator Musiliu Obanikoro, over the car gifts they allegedly received from oil baron, Jide Omokore.

Already, the EFCC has detained the Deputy Chairman of the PDP, Prince Uche Secondus, since Tuesday for allegedly receiving 23 exotic cars (worth N302m) from Omokore.

However, a source within the PDP told our correspondent that the vehicles distributed by Omokore to several party leaders were far more than 23 as the vehicles were meant to be distributed across the country.

EFCC arraigns Chairman of Nadabo Energy for N761m fuel subsidy scam

The Economic and Financial Crimes Commission, EFCC, on Monday October 7th arraigned Abubakar Ali Peters and his company Nadabo Energy Limited before Justice S.S Ogunsanya of the Lagos State High Court, Ikeja on 21 count charge bordering on obtaining money under false pretence, diversion of Federal Government funds and forgery.

According to a statement from EFCC, 33 year old Abubakar Ali allegedly obtained the sum of N761,628,993.84 from the Federal Government of Nigeria under the Petroleum Support Fund for the

Whatt? EFCC To Investigate Goodluck Jonathan In N67.2Billion Fraud On Civil Service Society Petitions

The Civil Society Network against Corruption (CSNAC), has petitioned the Chairman of Economic and Financial Crimes Commission, Ibrahim Labored, to investigate the circumstances surrounding former President Goodluck Jonathan's authorization of withdrawal of a whopping N67.2billion.

The said amount was cashed out from the Central Bank of Nigeria between November 2014 and

EFCC Reopens Probe Into Immigration Job Scandal

      The Economic and Financial Crimes Commission has reopened investigations into the Nigerian Immigration Service recruitment tragedy in 2014, which led to the death of 19 young job seekers, The PUNCH learnt on Monday.

Operatives of the anti-graft agency on Monday quizzed the immediate past Comptroller General of the NIS, Mr. David Paradang, for over seven hours. Paradang was asked questions about the N555m

What? EFCC Probing Senator David Mark For Money Laundering Over Huge Cash Deposit Into His Bank Account

 

            An anonymous official of the Economic and Financial Crimes Commission (EFCC) disclosed to a reporter yesterday that the anti-graft agency has started probing former Senate President David Mark over an allegedly money laundering offence.
The probe which started in the first week of June borders “on a huge inflow into a bank account linked to Senator Mark, which was immediately flagged as suspicious transaction.”

EFCC Summons 120 Ogun Teachers Over N200m Loan

                   One hundred and twenty teachers in public secondary schools in Ogun State have been invited by the Economic and Financial Crimes Commission to answer questions on a N200m loan they allegedly took from one of the old generation banks (name withheld) since 2011. The loan has yet to be repaid.
They will be quizzed today (Monday) at the anti-graft agency’s Lagos office.
The teachers, our correspondent learnt, were invited through the state’s Teaching Service Commission.

EFCC Arrests Ikedi Ohakim, Ex-Imo Gov

 

                       Former Imo State governor, Ikedi Ohakim, has been arrested by operatives of the Economic and Financial Crimes Commission for alleged corruption while in office.
He was arrested around 8am on Thursday from his residence in Asokoro District of Abuja, after failing to honour an invitation from the commission on Wednesday.