The Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ola Olukoyede, has announced the dismissal of two staff members for corruption, adding that more staff members will be prosecuted if found guilty of similar offenses. Olukoyede made this disclosure during the opening of the 6th Annual Criminal Law Review Conference in Abuja, a…
The Economic and Financial Crimes Commission (EFCC) has placed a restriction on the former Delta State Governor, Dr. Ifeanyi Okowa, from leaving the country following the seizure of his passport as part of his bail conditions. Okowa, who was reportedly detained by the EFCC last week over allegations of diverting N1.3 trillion in public funds,…
Tough days are ahead of Nigerian insurers that cut corners with the regulations and guidelines of the National Insurance Commission (NAICOM). The Executive Chairman of the Economic and Financial Crimes Commission (EFCC) Mr. Ola Olukoyede gave the warning in Abuja on Wednesday when a delegation of the management team of National Insurance Commission, NICOM, led…
The Economic and Financial Crimes Commission (EFCC) has summoned Ibrahim Mohammad, a Nigerien national, along with his family members and other wedding guests, over alleged naira abuse at his recent wedding to Amina Babagana Zannah in Kano. This action follows the circulation of a viral video showing individuals spraying naira notes at the event, sparking…
Barbara Bako, Abuja. In order to mitigate revenue leakages and ensure that lost or unremitted funds are recovered and deposited into the proper government coffers, Muhammad Bello Shehu, the Chairman of the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), has called for increased cooperation with the Economic and Financial Crimes Commission (EFCC). A statement from…
The Socio-Economic Rights and Accountability Project has filed a lawsuit against the governors of the 36 states of the Federation, and the Minister of the Federal Capital Territory, Nyesom Wike, over their failure to account for, and publish the agreements of the N5.9 trillion and $4.6 billion loans obtained by their states and the FCT,…
A Federal High Court in Abuja has granted the Economic and Financial Crimes Commission (EFCC) an interim order to freeze 1,146 bank accounts belonging to individuals and companies. This decision follows allegations of unauthorised foreign exchange dealings, money laundering, and terrorism financing. The ruling, delivered by Justice Emeka Nwite, comes after the EFCC’s ex-parte motion…
The Economic and Financial Crimes Commission has confirmed the receipt of the refund of $760,000 paid as advanced school fees by a former Kogi State Governor, Yahaya Bello for his children at the American International School, Abuja. The spokesperson for the EFCC, Dele Oyewale, confirmed the development to our correspondent in Abuja on Friday. “The…
A High Court sitting in Lokoja, Kogi State, has restrained the Economic and Financial Crimes Commission (EFCC) from infringing on the fundamental human rights of the immediate-past governor of Kogi State, Alhaji Yahaya Bello. Justice I.A Jamil of High Court IV gave the order in a two-hour judgement delivered in suit no HCL/68/M/2020 in Lokoja…
A high court sitting in Ikeja, Lagos, has granted bail to former governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, in the sum of N50 million. In his ruling on the bail application on Friday, the judge, Rahmon Oshodi, admitted Emefiele on bail with two sureties in like sum. Recall that Emefiele is…
