The National Dug Law Enforcement Agency (NDLEA), yesterday, said it had seized five consignments of the deadly psychotropic substance, Tramadol, illegally imported into the country through the Murtala Muhammed International Airport (MMIA), Ikeja, Lagos. Commander of the NDLEA at the Murtala Muhammed International Airport Command, Mr. Garba Ahmadu, who briefed journalists in Lagos on Wednesday […]
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Operatives of the Economic and Financial Crimes Commission (EFCC) on Friday arrested 12 suspected internet fraudsters in an early morning swoop on a club in Ikoyi, Lagos. Also seized during the raid were 10 exotic cars abandoned by their fleeing owners. “Operatives of the EFCC early this morning raided Club 57 in Ikoyi, Lagos, acting […]
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The Nigerian banking community is now in panic mode following threat by Egmont Group to suspend the country from its network. If the threat is carried out, millions of Nigerian visa and master cards holders will no longer be able to handle international transactions with their cards. Egmont Group is a united body of 155 […]
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Some Senators, on Thursday, slamed the Presidency and Ministries, Departments and Agencies (MDAs) of the Federal Government, for violating the constitution and other laws of the nation by not submitting their audited reports to the office of the Auditor General of the Federation (AGF). Senators’ allegation was made by the Chairman, Senate Public Accounts Committee […]
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The Economic and Financial Crimes Commission (EFCC) has asked the Federal High Court in Lagos to order the temporary forfeiture of $8,435,788.84 and ₦7.35 billion suspected to be owned by Mrs. Patience Jonathan, The Nation report. The EFCC yesterday told Justice Mojisola Olatoregun that the funds, which it believes came from Bayelsa State, were found […]
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Former Chairman of the Nigeria’s Economic and Financial Crimes Commission (EFCC), Mallam Nuhu Ribadu, has described the foundation and configuration of the Nigerian banking system as one that is susceptible to abuse by corrupt minds. According to Sunnews, Ribadu made the assertion yesterday in Abuja, at the launch of a book titled, ‘Improving Anti-money Laundering […]
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The Economic and Financial Crimes Commission (EFCC) has frozen about ₦905, 941,696.87 in an account traced to a sole proprietorship company Rivlink International. The huge inflows into the suspected slush account allegedly came from the Rivers State Environmental Sanitation Authority The owner of the company, Christian Robinson, is deceased. A man, Kenneth Koroma, made futile […]
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The Economic and Financial Crimes Commission, EFCC, has said that it has recovered over four hundred and nine billion Naira (₦409) and another sum of sixty nine million, five hundred thousand U.S dollars ($69.5m) from looters nationwide between January and August 2017. The commission also said that it has secured a total of 137 convictions […]
Read More Fast losing their time-honoured identity as citadels of learning, many of the country’s universities have found new uniqueness in corruption, Punchng writes. One of such is the ₦480,000 monthly furniture allowance that vice-chancellors of some federal universities collect. The Executive-Secretary of the National Universities Commission, Abubakar Rasheed, who revealed this, recently, said it was indefensible. […]
Read More Acting Executive Chairman of the Economic & Financial Crimes Commission (EFCC), Mallam Ibrahim Magu, has urged the stockbroking community on the platform of the Nigerian Chartered Institute of Stockbrokers to join in the fight against corruption by whistle blowing, whenever they suspect attempts to launder proceeds of corruption or fraud through the stock market in […]
Read More The Economic and Financial Crimes Commission says it has recovered ₦328.988 billion from nine major oil marketers in Kano. The Head of EFCC’s Operation in the North West, Dr Hamisu Dan-Musa, disclosed this at a news briefing in Kano on Tuesday. He told journalists that the amount was recovered from the marketers between July 2016 […]
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Nigeria has been told by a court it can permanently seize a $37.5 million apartment block owned by a former oil minister who is wanted for money laundering. The property belongs to former petroleum minister Diezani Alison-Madueke, who was in office between 2011 and 2015. It had previously been seized temporarily. Alison-Madueke’s whereabouts are unclear, […]
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