Gov. Bello Matawalle of Zamfara has offered to allow the Economic and Financial Crimes Commission (EFCC) to search the property it alleged to have discovered “humongous amount of money for laundering through cash payment of salaries.” Matawalle made the offer on Thursday in a statement issued In Gusau by...
EFCC
A 51-year-old man, Daniel Ogbonna, was on Wednesday docked in a Yaba Chief Magistrates’ Court in Lagos for alleged N1. 4 million ponzi scam. The police charged Ogbonna with conspiracy, obtaining by false pretences, breach of public peace and theft. He however, pleaded not guilty to the charge. The...
Two lawyers have urged the Economic and Financial Crimes Commission (EFCC) to stop making blanket statements against other professionals. The lawyers gave the advice on Tuesday while reacting to the allegation made by the commission’s chairman, that lawyers were involved in using their law firms to aid politicians launder...
A Federal High Court in Abuja is to hear a preliminary objection filed by Sen. Rochas Okorocha, praying for an order quashing the Economic and Financial Crimes Commission (EFCC)’s N2.9 billion charge against him on Nov. 22. Justice Inyang Ekwo adjourned the matter to allow EFCC’s counsel, G.K. Latona,...
A Federal High Court, Abuja, on Friday, ordered an interim forfeiture of 40 landed property linked to Sen. Ike Ekweremadu, former Deputy Senate President. Justice Inyang Ekwo following an ex -parte motion filed and moved by Ibrahim Buba, lawyer to the Economic and Financial Crimes Commission (EFCC). The News...
An Ikeja Special Offences Court on Thursday admitted an oil marketer, Adeleke Fayose, to bail in the sum of N50 million for alleged N66.5 million fraud. The News Agency of Nigeria (NAN) reports that Fayose is charged alongside his company, Brooks and Knight International Ltd, with on three counts...
A head of internal audit in First Bank, Mr Chris Owai, on Wednesday told an Ikeja Special Offences Court how two former staff of the bank, Stella Oyeluyi and Noel Benjamin allegedly falsified the account number of Chevron Cooperative by debiting N41.5 million to pay debt to another bank...
The absence of a business mogul, Abdulsalam Abdulkarim-Zaura, in court on Monday stalled his arraignment for alleged 1.30 million dollars fraud. The Economic and Financial Crimes Commission (EFCC) filed a criminal conspiracy and obtaining money by false pretence to the tune of 1.3 million dollars charged against Abdulkarim-Zaura. The...
The trial of the former Minister of Aviation, Femi Fani-Kayode and three others continued today with the testimony of an Investigating Officer, with the Economic and Financial Crimes Commission, (EFCC), Mr. Shehu Shuaibu. He told a Federal High Court sitting in Lagos that the sum of N4.6 billion allegedly...
An Ikeja Special Offences Court on Thursday remanded an oil marketer, Adeleke Fayose, for alleged N66.5 million oil fraud. The News Agency of Nigeria (NAN) reports that Fayose was arraigned by the Economic and Financial Crimes Commission (EFCC) alongside his company, Brooks and Knight International Ltd. They are standing...
The trial of a former Governor of Ekiti, Ayodele Fayose, for alleged money laundering could not proceed on Wednesday before a Federal High Court in Lagos, following a mix up in date The case which was earlier scheduled for continuation of trial, could however, not proceed due to the...
The Chairman of the Economic and Financial Crimes Commission (EFCC), Mr Abdulrasheed Bawa, said that the commission had secured 2,781 convictions as at Oct. 24 on some persons arrested for various financial crimes. Mr. Bawa stated this on Tuesday in Lagos during a one-day workshop on financial crimes’ reporting...
An Ikeja Special Offences Court on Friday fixed Dec.6 for trial of of the former Attorney-General of Lagos State, Olasupo Shasore, SAN, charged with corrupt offers to public officers. Shasore served as the Attorney-General of Lagos State and the Commissioner for Justice during the tenure of Mr Babatunde Fashola...
The Federal High Court, Abuja on Wednesday, insisted that Mr Kanu Agabi (SAN) was the counsel on record representing former Governor of Adamawa, Muritala Nyako in his ongoing alleged N29 billion money laundering case. The trial judge, Justice Okon Abang said this in a short ruling following the announcement...
The Federal High Court in Gusau adjourned until Oct. 27 for definite hearing”, the suit filed by a group: Northern Youth Assembly and other against Gov. Bello Matawalle and three others for alleged perjury. The group in the suit, alleged that there were discrepancies in the academic and birth...
A Federal High Court in Lagos on Monday heard that two former employees of First Marina Trust Ltd. cloned emails of several customers and defrauded them to the tune of over N1.3 billion. Mr Anthony Onyeoghane, a witness for the Economic and Financial Crimes Commission (EFCC) which is prosecuting...
By BARBARA KALU, Enugu – The Economic and Financial Crimes Commission (EFCC) has arrested no fewer than arrested twelve bankers for suspected insider fraud in Enugu State. The EFCC spokesman, Mr Wilson Uwujaren, who disclosed this in a statement issued on Saturday, said the suspects were arrested on Friday....
A Kwara High Court sitting in Ilorin on Friday convicted one Basheeru Seyi, a student of Kwara Polytechnic, Ilorin for offences bordering on internet fraud. The Presiding Judge, Justice Adebayo Yusuf, in his judgment, sentenced the defendant to six months imprisonment with N200,000 as option of fine. Yusuf also...
A Federal High Court, Abuja, on Friday, retrained the Economic and Financial Crimes Commission (EFCC) from confiscating six property traced to Zamfara Governor, Bello Matawalle. Justice Inyang Ekwo, in a judgment, hinged the order on Section 308 of the 1999 Constitution which grants absolute immunity to serving governors from...
A Federal High Court sitting in Dutse, Jigawa on Thursday struck out a N36 billion corruption case against the former governor of Jigawa, Alhaji Saminu Turaki. Delivering a ruling, Justice Hassan Dikko, struck out the case for want in diligent prosecution by the Economic and Financial Crimes Commission (EFCC)....