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Tag: EFCC

Oil and Gas

Reps demand details on EFCC crude oil seizures

The House of Representatives’ Ad-hoc Committee on the Implementation and Oversight of the Naira-for-Crude-Oil Policy has demanded that the Economic and Financial Crimes Commission provide comprehensive details on crude oil seizures, sales, and disposal conducted under its supervision. The directive was issued by the Chairman of the committee, Rep. Emerengwa Sunday, during the resumption of […]

Scams

Court orders Mompha to open defence on ₦6bn fraud

An Ikeja Special Offences Court on Tuesday dismissed a no-case submission by internet celebrity, Ismaila Mustapha, popularly called Mompha, over alleged six billion naira money laundering charges. Justice Mojisola Dada ordered the defendant to begin his defence. The News Agency of Nigeria reported that the defendant is being prosecuted by the Economic and Financial Crimes […]

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Politicians switching to APC aren’t shielded – EFCC

The Economic and Financial Crimes Commission has vowed to pursue corruption cases without fear or favour, stating clearly that no politician or high-profile individual will be shielded because of party affiliation. Mr. Ola Olukoyede, the EFCC Chairman, made this declaration on Thursday in Abuja during a media briefing to mark his second year in office. […]

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Presidency denies selective justice as EFCC recovers ₦500bn under Tinubu

Vice President Kashim Shettima has disclosed that the Economic and Financial Crimes Commission has recovered assets worth over ₦500 billion and secured more than 7,000 convictions in the past two years. Shettima, who represented President Bola Tinubu on Monday at the opening of the 7th edition of the EFCC–NJI Capacity-Building Workshop for Judges and Justices […]

News

NACIWA re-elects EFCC chairman Olukoyede as president

The Network of Anti-Corruption Institutions in West Africa has re-elected the Chairman of the Economic and Financial Crimes Commission, Mr. Ola Olukoyede, as its President. This decision was contained in a communique issued on Wednesday in Abuja at the end of NACIWA’s 7th Annual General Assembly, which was signed by representatives of all ECOWAS member […]

Scams

EFCC warns businesses against tax evasion, financial malpractices

The Economic and Financial Crimes Commission has issued a stern warning that tax evasion, the submission of false declarations, and other financial malpractices are not just illegal but constitute a grave disservice to the nation. This was stated by the Commission’s Acting Zonal Director for the Kano Zonal Directorate, Sa’ad Hanafi, during a one-day sensitization […]

News

Two arrested at Lagos airport with undeclared foreign currencies

The Economic and Financial Crimes Commission has launched an investigation into two travellers, identified as Mamud Nasidi and Yahaya Nasidi, who were found in possession of undeclared foreign currencies totalling over $6,000 and £53,000 at the Murtala Muhammed International Airport, Terminal 2, in Lagos. The anti-graft agency confirmed the development in a statement posted on […]

EFCC faults fintech over fraud among unbanked and middle class
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EFCC arrests Kaduna fuel station manager for alleged N500m fraud

Operatives of the Kaduna Zonal Directorate of the Economic and Financial Crimes Commission have arrested Abdulazeez Gbadebo, a station manager with Emadeb Energy Service Limited, over allegations of diverting company funds amounting to N500 million. The arrest was triggered by a petition filed by the energy company after an external audit allegedly uncovered fraudulent practices. […]

Ex-finance minister Agunloye freed from prison
News

EFCC re-arraigns ex-minister Agunloye over $6bn Mambilla power contract

The Economic and Financial Crimes Commission has re-arraigned former Minister of Power and Steel, Olu Agunloye, before a Federal High Court in Abuja on fresh charges bordering on alleged fraud in the Mambilla Hydroelectric Power Project. Agunloye, who served as minister during the administration of former President Olusegun Obasanjo, is facing an amended seven-count charge […]

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‘Yahoo boys’ worsening visa restrictions for Nigerians — EFCC

The Economic and Financial Crimes Commission has raised alarm that the growing menace of internet fraud is worsening visa restrictions for law-abiding Nigerians seeking to travel abroad. EFCC Chairman, Ola Olukoyede, warned that cybercrime not only jeopardizes the future of those directly involved but also tarnishes Nigeria’s reputation on the global stage, leading to stricter […]

News

EFCC detains Sujimoto CEO over N5.7bn Enugu school projects

The Economic and Financial Crimes Commission has secured a court order to detain the Chief Executive Officer of Sujimoto Luxury Construction Limited, Sijibomi Ogundele, over an alleged N5.7 billion unexecuted contract. Ogundele is facing investigation following his alleged failure to deliver 22 Smart Green School projects in Enugu State after his company was reportedly paid […]

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JUST IN: EFCC grants ex-NNPCL boss Kyari bail

The Economic and Financial Crimes Commission has granted administrative bail to the former group chief executive officer of the Nigerian National Petroleum Company limited, Mele Kyari. Mele Kyari on wednesday honoured an invitation by EFCC over an alleged $7.2 billion dollar fraud during his tenure as the boss of the nation’s oil company. Kyari was […]

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