Operatives of the Economic and Financial Crimes Commission have stormed the home of a former Minister of Aviation, Chief Femi Fani-Kayode, for receiving N840m from the Director of Finance, Goodluck Jonathan Campaign Organisation, Senator Nenadi Usman. Fani-Kayode wrote on his official Facebook page, “Today the EFCC invited me to come their office on Monday. I […]
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The Economic and Financial Crimes Commission (EFCC) yesterday arrested the Chairman of the Peoples Democratic Party(PDP) in Cross River State, Mr. Ntufam John Okon, in connection with the alleged N23.29b poll bribery scandal, The Nation report. The agency has also quizzed Senator Chris Anyanwu and a Senior Advocate of Nigeria (SAN), Mike Ahamba, on the […]
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An Economic and Financial Crimes Commission (EFCC) witness, Mrs. Olamide Odusanya, yesterday testified that ex-Nigeria Maritime and Safety Agency’s (NIMASA’s) Director-General Patrick Akpobolokemi approved N498,200,000, which was paid into various accounts. According to The Nation, Odusanya, a NIMASA assistant director in the Financial Services Department, testified before Justice Raliat Adebiyi in a N754,740,680 fraud suit […]
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Officials of the Central Bank of Nigeria’s Compliance Unit on Tuesday stormed the headquarters of Fidelity Bank Plc in Lagos in connection with the ongoing investigations into the $115m (N23bn) scam involving the Managing Director of the bank, Mr. Nnamdi Okonkwo, and the former Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke. A top executive of […]
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Fidelity Bank Plc yesterday appointed an Acting Managing Director, Alhaji Mohammed Lawal Balarabe in place of its troubled Chief Executive Officer, Nnamdi Okonkwo. The bank’s Board of Directors which approved the appointment, said the development followed the absence of the substantive Managing Director/Chief Executive Officer. While announcing Balarabe, who prior to the appointment was the […]
Read More In a continuation of the probe into how the Peoples Democratic Party allegedly bribed some officials of the Independent National Electoral Commission before the 2015 presidential election, the Economic and Financial Crimes Commission has arrested an oil tycoon, Mr. Laitan Adesanya, for his alleged role in the $115m (N23bn) bribe funds. It was learnt on […]
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The Economic and Financial Crimes Commission has obtained a remand order to keep the Managing Director of Fidelity Bank Plc, Mr. Nnamdi Okonkwo, and the bank’s Head of Operations, Mr. Martins Izuogbe, pending the outcome of investigations. A reliable source at the EFCC told our correspondent on Friday that the EFCC had been given permission […]
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The Economic and Financial Crimes Commission (EFCC) has decided to send evidence linking former Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, to the $115million (N23, 299,705,000billion) poll bribe to the National Crime Agency (NCA) in the UK. The commission also yesterday grilled and detained an oil chief, Leno Olaitan Adesanya, in connection with the ongoing […]
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[su_dropcap]M[/su_dropcap]ore arrests are on the way in the probe of the huge cash some oil companies pumped into the failed bid to change the 2015 presidential election results. Some of the cash has been recovered, The Nation report. The Economic and Financial Crimes Commission (EFCC) has arrested some bankers. It plans to haul in some […]
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A Federal High Court in Abuja heard Wednesday how former Chief of Defence Staff, Alex Badeh allegedly deployed public funds to acquire N320million house in Abuja for his 28-year old last son, Kam. A retired Air Commodore, Aliyu Yishau, who said he served as former Director of Finance and Account of the Nigerian Air Force […]
Read More The Economic and Financial Crimes Commission has seized two houses belonging to Senator Nenadi Usman who was the Director of Finance of the Goodluck Jonathan Campaign Organisation, Punchng report. It was learnt that the two houses seized were located in Abuja. The EFCC had arrested Usman last week after it was established that N2.5bn was […]
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The Economic and Financial Crimes Commission (EFCC) has seized jewelries including wristwatches worth over £2 million from former Minister of Petroleum Resources, Diezani Alison-Madueke and wife of Mr. Jide Omokore, the Chairman of Atlantic Energy Drilling Concepts Nigeria Limited. A top official in EFCC said the commission seized a wristwatch worth £1.4m from Omokore’s wife, […]
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