#Economic and Financial Crimes Commission (EFCC

[saynaija]

Alleged 19m Fraud: EFCC Presents More Witness Against Defendant

Alleged 19m Fraud: EFCC Presents More Witness Against Defendant The Economic and Financial Crimes Commission, EFCC, on Tuesday, October 15, 2024, presented its third prosecution witness, PW 3, Felicia Paul, an operative of the EFCC, in the trial of one Murtala Adebayo for an alleged N19m fraud before Justice Mojisola Mojisola Dada of the Special Offences Court sitting in Ikeja, Lagos. Adebayo…

[niscompress]

(via ANTI GRAFT WAR: How The IGP Ordered The Immediate Withdrawal Of 11 Policemen Attached To Yahaya Bello.)

[touchaheartnews]

Dangote Speaks On EFCC’s Visit To Its Headquarters

Management of Dangote Industries Limited has doused the concerns of stakeholders following the visit to its Head office in Lagos by officials of the Economic and Financial Crimes Commission (EFCC) saying it was ready to assist the Commission in its investigations. The foremost indigenous conglomerate in a statement disclosed that it received a letter from the EFCC on December 6, 2023, requesting…

[legalattorneyblog]

EFCC Warns Against Unauthorized Use of Operational Identities in Skits and Social Media Content

The Economic and Financial Crimes Commission (EFCC) has again cautioned skit makers and social workers against the unlawful and irresponsible use of the Commission’s operational identities. This warning comes in response to a video titled “EFCC and Army Wahala” circulating on social media. In a statement issued on Wednesday, the spokesperson of the anti-graft agency, Dele Oyewale, emphasized…

[premimtimes]

Again, court jails convicted Mama Boko Haram of fraud

Again, court jails convicted Mama Boko Haram of fraud

The Borno State High Court in Maiduguri has sentenced Aisha Wakil widely known as Mama Boko Haram to 10 years imprisonment for fraud. According to a statement by the Economic and Financial Crimes Commission (EFCC) on Thursday, the court jailed Ms Wakil on Wednesday, making it her third conviction and sentencing for fraud this year. In the latest judgement in the series of fraud cases involving…

[bcc-24news]

EFCC declares Leno Adesanya, promoter of Sunrise Power, wanted

ABUJA – Leno Adesanya has been declared wanted by the Economic and Financial Crimes Commission (EFCC).

Adesanya is the promoter of Sunrise Power and Transmission Ltd.

In a notice issued on Tuesday, the EFCC said Adesanya is wanted “in an alleged case of conspiracy and corrupt offer to public officers”.

Adesanwa was mentioned in three out of the seven-count charges preferred against Olu Agunloye, former minister of power and steel.

The EFCC is prosecuting Agunloye over the $6 billion Mambilla hydropower contract.

Reported that EFCC traced some suspicious payments made by Sunrise Power and Transmission Ltd to Agunloye’s bank accounts.

In one of the counts, the EFCC alleged that on August 10, 2019, Agunloye “corruptly received the sum of N3,600,000.00” through his Guaranty Trust Bank account no.0022530926 from Sunrise Power and Transmission Company Limited (SPTCL) and Leno Adesanya for approving the Mambilla Hydroelectric Power Station project.

Former President Olusegun Obasanjo had challenged Agunloye to tell Nigerians where he derived the authority to award a $6 billion contract to Sunrise for the Mambilla hydropower project in 2003.

Sunrise Power is in arbitration with Nigeria at the International Chamber of Commerce (ICC), Paris, France, alleging a breach of contract.

The company said it was awarded a $6 billion build, operate and transfer (BOT) contract in May 2003 by the Obasanjo administration but that the federal government repudiated the agreement.

Sunrise is asking for a compensation of $2.3 billion, claiming it had spent millions of dollars on financial and legal consultants before the contract was jettisoned.

In its defence at the arbitration, the Nigerian government is alleging fraud and corruption of public officials in the award of the contract.

The matter is similar to the P&ID case in which a UK court nullified an $11 billion award against the country for the same reasons.

[hardynwa]

EFCC debunks 2023 recruitment rumour online

The Economic and Financial Crimes Commission, EFCC, has denied reports that it is currently recruiting. The anti-graft agency in a tweet on Monday urged the public to disregard information circulating on social media An online report had claimed that the commission commenced 2023 recruitment on July 4th, 2023. But the security agency warned prospective applicants that the information is false and misleading. In a statement, it said, ”The information, which is obviously the handiwork of fraudsters, advises prospective applicants to click a link (https//spukd.com/EFCC-2023-Recruitment-Portal).” The Commission warned the public against clicking any link that cannot be found on its website (http://efcc.gov.ng). ”We also use this opportunity to urge members of the public to cross-check any EFCC employment information in the social media with the Commission by email to : info@efcc.gov.ng or call 08093322644.” it added Read the full article

[streetreporters]

Okowa And EFCC: The Facts, The Fiction, And The Fairy Tale

By Olisa Ifeajika We have observed the desperate attempt by some dubious elements and a section of the media to malign His Excellency, Senator, Dr Ifeanyi Okowa, the immediate past Governor of Delta State, over his recent invitation by the Economic and Financial Crimes Commission (EFCC). With few exceptions, the media reports and commentaries have been mostly sensational, mischievous, and gross…

[saynaija]

EFCC’s Arrest At Urban Radio Enugu: Facts of the Matter

EFCC’s Arrest At Urban Radio Enugu: Facts of the Matter On Monday, October 14, 2024 a team of operatives of the Enugu Zonal Directorate of the Economic and Financial Crimes Commission, EFCC, comprising four officers were at Urban Radio 94.5FM, Enugu to invite one Favour Ekoh, host of Prime Time, a programme running at the Station. Ekoh is being investigated by the Enugu Zonal Directorate of the…

[buddyverse]

How Smart Contracts Could Transform Governance in Nigeria

This innovation could combat corruption, enhance public spending transparency, and foster a culture of accountability. Embracing blockchain now could transform Nigeria’s governance, setting a new standard in transparency and efficiency for the continent.

The need for local government reform in Nigeria has reignited a crucial debate. Often seen as extensions of state governors rather than independent entities, local governments are plagued by concerns about fund mismanagement and inefficiency. Corruption cases involving former governors, like those pursued by the Economic and Financial Crimes Commission (EFCC), underline the urgency of finding a…

[legalattorneyblog]

Analysis of Barrister Monday Ubani's Insights on the Appointment of the EFCC Chairman.

In a recent interview, Barrister Monday Onyekachi Ubani, Special Adviser to the Serving Senate President, provided a comprehensive analysis of the appointment of Mr. Ola Olukoyode as the chairman of the Economic and Financial Crimes Commission (EFCC) in Nigeria. With an emphasis on legal considerations, ethical challenges, and the expectations for the EFCC’s future operations, Barrister Ubani…

[premimtimes]

PenCom will never succumb to blackmail, Director General says

PenCom will never succumb to blackmail, Director General says

The National Pension Commission (PenCom) is ready open its books for scrutiny because it has nothing to hide, Aisha Dahir-Umar, the organisation’s director-general, has said. In a statement issued at the weekend, Mrs Dahir-Umar said PenCom is aware of a co-ordinated plan to bring the commission into disrepute with frivolous petitions to the anti-graft agencies in collaboration with disgruntled…

[iconsedge1]

Nigeria Withdraws Charges Against Binance Executive Amid Health Concerns

Nigeria's anti-corruption agency has decided to withdraw money-laundering charges against a senior executive from Binance, enabling him to seek medical care abroad. Tigran Gambaryan, a U.S. citizen, had been detained during a business trip to Nigeria in February and faced accusations, alongside Binance, of laundering $35.4 million—a claim they both refuted.

Gambaryan, who managed financial crime compliance for Binance, was implicated in a case that linked the platform to the instability of Nigeria's currency. Authorities alleged that Binance’s activities, including exchange rate manipulation and currency speculation, contributed to economic challenges.

The charges were part of a broader crackdown by Nigerian officials on cryptocurrency firms, amid concerns that digital platforms were facilitating illegal activities such as money laundering and terrorism financing. Additionally, tax evasion allegations against Binance remain active as authorities continue their legal pursuit.

Gambaryan’s family had expressed concerns about his health, citing deteriorating conditions while he was detained at Kuje Correctional Centre, which aggravated a pre-existing back injury. Despite two previous requests for bail being denied due to perceived flight risks, authorities have now opted to drop the charges against him, following concerns over his health.

The case was complicated by the earlier escape of Nadeem Anjarwalla, Binance’s Africa regional manager, who fled the country after being detained with Gambaryan. Anjarwalla remains at large and is wanted by Nigerian authorities.

The decision to dismiss the charges against Gambaryan was confirmed by the Economic and Financial Crimes Commission (EFCC) in a recent court session. The tax evasion case against Binance, however, is still proceeding. Meanwhile, the platform has faced legal troubles in the U.S. as well, with its founder Changpeng Zhao stepping down last November and subsequently serving a brief prison sentence over money-laundering violations.

Read More: https://www.iconsedge.com/news/nigeria-withdraws-charges-against-binance-executive-amid-health-concerns-nid-80.html

[newsbreak365blogs]

They were prosecuted on separate one-count charge, bordering on money laundering, impersonation and cybercrime. Seven fraudsters have been jailed after being arrested by the Kaduna Zonal Directorate of the Economic and Financial Crimes Commission, EFCC. The seven suspects were convicted by Justices R.M.Aikawa and Hauwa’u Buhari of the Federal High Court, Kaduna and Justice A. […]

[saynaija]

Olukoyede Scores EFCC's Holding Facilities High

Olukoyede Scores EFCC’s Holding Facilities High The Executive Chairman of the Economic and Financial Crimes Commission, EFCC, Ola Olukoyede has described the Commission’s detention facilities as one of the best in the country and conforming with global standards. He stated this in Abuja few days ago at a roundtable on “Access to Justice for Young People,” organized by the Senior Special…

[freebornabraye]

BREAKING: Former Delta Governor, Ifeanyi Okowa Arrested By EFCC Over Alleged Diversion Of N1.3trn

By Freeborn Abraye Operatives of the Economic and Financial Crimes Commission (EFCC) have arrested a former Governor of Delta State, Ifeanyi Okowa, for alleged diversion of N1.3 trillion 13% derivation fund from the federation account between 2015 and 2023. Okowa was arrested on Monday, November 4, 2024, in Port Harcourt, Rivers State, when he reported at the Port Harcourt Directorate of the…