Category: Financial Crimes

Corruption Investigation Stalled By Court Orders In 10 States – EFCC

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Corruption Investigation Stalled By Court Orders In 10 States – EFCC

The chairman of the Economic and Financial Crimes Commission, EFCC, Ola Olukoyede, has revealed that court orders are preventing the Commission from investigating corruption cases in 10 states. Olukoyede made this disclosure at the 6th EFCC/National Judicial Institute, NJI, capacity-building workshop for justices and judges on Monday in Abuja. The theme of the workshop was…

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Financial Crimes

Fresh Fraud Charges: Court Orders Public Summons Against Yahaya Bello

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Fresh Fraud Charges: Court Orders Public Summons Against Yahaya Bello

A High Court of the Federal Capital Territory (FCT) in Maitama has issued a public summon against immediate past governor of Kogi State, Yahaya Bello. The court ordered Bello to attend court and answer to a fresh 16-count charge pending against him. By the summons, Bello is to attend court on October 24 for his…

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Financial Crimes

ICPC Recovers Over N13bn Diverted Funds In September 2024 Alone

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ICPC Recovers Over N13bn Diverted Funds In September 2024 Alone

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has announced that over ₦13 billion in diverted public funds was recovered in September 2024 alone. The Chairman of the ICPC, Musa Aliyu, disclosed this during the launch of the commission’s 2024-2028 strategic action plan in Abuja on Wednesday. Aliyu, who emphasised that the anti-corruption…

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Financial Crimes

EFCC Arrests 33 Suspected Internet Fraudsters, Fake Dollars in Port Harcourt

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EFCC Arrests 33 Suspected Internet Fraudsters, Fake Dollars in Port Harcourt

Operatives of the Port Harcourt Zonal Directorate of the Economic and Financial Crimes Commission EFCC, have arrested 33 (Thirty-Three) suspected internet fraudsters in Port Harcourt, Rivers State. They were arrested in their hideouts around  Iwofe and Ogboro axes of Port Harcourt in a sting operation, based on credible intelligence on their suspected involvement in internet…

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Financial Crimes

EFCC Arraigns Former Governor, Perm Sec In Court

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EFCC Arraigns Former Governor, Perm Sec In Court

The Economic and Financial Crimes Commission (EFCC) on Monday arraigned former governor of Taraba State, Darius Dickson Ishaku and former permanent secretary, Bureau for Local Government and Chieftaincy Affairs in the state, Bello Yero, before Justice S. C. Oriji of the Federal Capital Territory High Court, Maitama, Abuja for fraud. The two are being prosecuted…

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Financial Crimes

Alleged 3.1bn Fraud: How I delivered $15.8m Cash to Suswam in his Residence – Witness

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Alleged 3.1bn Fraud: How I delivered $15.8m Cash to Suswam in his Residence – Witness

Abubakar Umar, the Sixth Prosecution Witness, PW6, in the trial of former governor of Benue State, Gabriel Suswam has narrated before the Federal High Court, Maitama, Abuja and presided over by Justice Peter Lifu how in 2014, he converted the sum of N3.1 billion, wired to him by Suswam as governor and delivered its equivalent of $15.8m in cash to him at his Maitama, Abuja residence. Suswan, alongside his then Commissioner of Finance, Omodachi Okolobia are facing 11-count amended charges of money…

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Financial Crimes

Alleged N3b Fraud: How Money Flowed from Kogi State Government to my Accounts – BDC Operator 

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Alleged N3b Fraud: How Money Flowed from Kogi State Government to my Accounts – BDC Operator 

Jamilu Abdullahi, an Abuja-based Bureau de Change operator and third prosecution witness in the trial of Ali Bello, on Thursday, September 26, 2024, gave a narrative of the financial transactions between him and the Kogi State government under former governor, Yahaya Bello before Justice Obiora Egwuatu of the Federal High Court, Maitama Abuja. The rundown includes how the former governor repeatedly paid school fees of…

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Financial Crimes

Alleged N33.8bn Fraud: Witness Narrates How Saleh Mamman Ordered Multiple Cash Transfers into 13 Unauthorized Entities

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Alleged N33.8bn Fraud: Witness Narrates How Saleh Mamman Ordered Multiple Cash Transfers into 13 Unauthorized Entities

The Economic and Financial Crimes Commission, EFCC, on Wednesday, September 25, 2024, commenced the trial of Ex-Minister of Power, Saleh Mamman, for an alleged N33.8billion fraud with the presentation of its first witness. Mamman was arraigned on Thursday, July 11, 2024, on 12-count charges bordering on conspiracy to commit money laundering to the tune of …

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Financial Crimes

₦110.4 Billion Fraud: FG Files Fresh 16 Count Charge Against Yahaya Bello

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₦110.4 Billion Fraud: FG Files Fresh 16 Count Charge Against Yahaya Bello

The federal government has filed a new 16-count charge against the former governor of Kogi State, Yahaya Bello, in a case that has intensified scrutiny of his financial dealings. The charges, submitted to a federal high court in Abuja on Wednesday, center around an alleged criminal breach of trust amounting to ₦110,446,470,089. This is in…

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Financial Crimes

Olukoyede Orders Investigation Of N15million Bobrisky’s Allegations Against EFCC Officers

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Olukoyede Orders Investigation Of N15million Bobrisky’s Allegations Against EFCC Officers

Executive Chairman of the Economic and Financial Crimes Commission, EFCC,  Mr. Ola Olukoyede has ordered immediate investigation of alleged bribery allegations imputed to some officers of the Commission by Idris Okuneye (a.ka.Bobrisky) in a viral video circulating across the country. Okuneye, an ex-convict had alleged in the video powered by Martins Vincent Otse (a.k.a VeryDarkMan)…

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Financial Crimes