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Farooq

Posts Tagged "efcc"

HomePosts Tagged "efcc"

THE Whistleblowing Policy of the Federal Government has helped in the recovery of cash running into billions, Economic and Financial Crimes Commission (EFCC) Acting Chairman Ibrahim Magu has said. Speaking in Abuja yesterday at the unveiling of “Corruption Anonymous” of the Civil Society Whistleblower Support Initiative of the African Centre for Media & Information Literacy […]

The Economic and Financial Crimes Commission on Monday arraigned two oil marketers and their firms for an alleged fraud of N7.8bn. The defendants – Ogbor Eliot; Godwin Okoronkwo; Danium Energy Services Ltd.; and Petrosol Energy Ltd. – were arraigned on 10 counts before the Federal High Court in Lagos. In the charges, the EFCC alleged […]

The Economic and Financial Crimes Commission, EFCC, between January and August 2017 recovered about N409 billion and secured 137 convictions nationwide, the acting chairman, Ibrahim Magu said today. He spoke at an interactive meeting with media executives that held in Abuja. “Between January and August 30, 2017, the EFCC recovered N409,270,706,686.75; $69,501,156.67; 231,118.69 Pounds; 610,816.20 […]

The Asset Management Corporation of Nigeria (AMCON) says it is collaborating with the Economic and Financial Crimes Commission (EFCC) to check out some banks and its officials who facilitated the huge non-performing loans in AMCON’s portfolio. AMCON made this known in a statement after a meeting with the management of EFCC on Thursday in Lagos. […]

The Economic and Financial Crimes Commission (EFCC) on Wednesday uncovered yet another stash of foreign currencies and Naira notes in Lagos. At the end of counting, the sums stood at 43.4 million dollars, £27,800 and N23.2 million, the commission said in a statement on its Facebook page. This time, the monies were found in a […]

Eniola Akinkuotu and Ifeanyi Onuba, Abuja The Economic and Financial Crimes Commission has arrested two directors of the Central Bank of Nigeria for alleged forex manipulation and economic sabotage. Impeccable sources at the EFCC told one of our correspondents on Wednesday that the directors were still in custody as of press time at 7.30pm. It […]

ABUJA Feb 12 (Reuters) – Nigeria has recovered some $151 million and eight billion naira ($26.32 million) in stolen state funds in less than two months as part of an anti-graft drive, the government said on Sunday. The West African nation launched late in December a whistleblower scheme entitling those who help find stolen assets […]

LAGOS, June 28 (Reuters) – Two former Nigerian ministers have been charged with theft of over 4.9 billion naira ($17.4 million) of government funds and money laundering, the financial crimes agency said on Tuesday. Nenadi Usman and Femi Fani-Kayode served as finance and aviation ministers in the People’s Democratic Party (PDP) administration led by former president […]

ABUJA, June 4 (Reuters) – Nigeria’s government has recovered $9.1 billion in stolen money and assets, its information and culture minister said on Saturday, as its corruption crackdown continues against the backdrop of the country’s worst economic crisis in years. President Muhammadu Buhari, elected last year largely on his vow to fight corruption, has vowed […]

The Economic and Financial Crimes Commission, (EFCC) has recovered the sum of $3.1 billion, which is over N600 billion, in less than six months, the Chairman of the House of representatives Standing Committee on Financial Crimes, Hon. Kayode Oladele has said. This according to an article in the newspaper, Leadership. In a tweet apparently acknowledging […]