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A court has sentenced a top Vietnamese property tycoon to death in one of the biggest corruption cases in history, with an estimated $27 billion in damages. Truong My Lan, chair of major developer Van Thinh Phat, was found guilty of swindling cash from Saigon Commercial Bank (SCB) over a decade. A panel of three…
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The Kano State High Court sitting in Kano, has fixed April 17 for the arraignment of former Governor, Abdullahi Ganduje, his wife, Hafsat Umar, Umar Abdullahi Umar and five others over the allegations of bribery and diversion of public funds. Recall that Kano State Government dragged Ganduje, his wife, Hafsat and six others to court…
The Economic and Financial Crimes Commission, EFCC, says it has recovered N30 billion in the ongoing investigation of suspended Minister of Humanitarian Affairs and Poverty Alleviation, Betta Edu and former Chief Executive Officer of the National Social Investment Programme Authority, NSIPA, Halima Shehu. The anti-graft agency also disclosed that it has placed 50 bank accounts…
Read More “EFCC Recovers N30bn As 50 Bank Accounts Are Under Investigation Over Betta Edu Scandal” »
Kano State Governor, Alhaji Abba Kabir Yusuf has challenged the Economic and Financial Crimes Commission, EFCC, to hasten the release of the forensic reports on alleged Dollar video clip involving the All Progressives Congress, APC, National Chairman and a former governor of Kano State, Dr Umar Abdullahi Ganduje. Governor Yusuf insisted that the release of…
The Economic and Financial Crimes Commission (EFCC) says it is reviewing the developments leading to the discharge of Bello Adoke in the fraud case involving the controversial Oil Prospecting License (OPL) 245, widely known as the Malabu Oil deal. Mr Adoke, who was the Attorney-General of the Federation and Minister of Justice in the former…
Read More “Malabu Oil Deal: EFCC Dis-satisfied With Adoke’s Discharge, To Review Case” »
The Economic and Financial Crimes Commission (EFCC) has filed fresh charges, including alleged fraudulent foreign exchange allocation of $2 billion, against former Central Bank of Nigeria (CBN) Governor Godwin Emefiele. In the fresh 26-count charge filed at the Lagos State High Court in Ikeja, the anti-graft agency said Mr Emefiele while being CBN governor arbitrarily…
Read More “More Troubles For Emefiele, Faces 26-Count Fresh Fraud Charges” »
AS the controversy over the recent embarrassing escape from custody of an executive of the cryptocurrency exchange, Binance, Nadeem Anjarwalla through the Nnamdi Azikwe International airport rages on, key players across the country’s aviation sector have described the development as confirmation of the lack of synergy amongst security agents at the airports. Nadeem Anjarwalla, the…
Read More “‘How Failure of Airport Intelligence Aided Escape of Binance Official’” »
Men of the Ibadan Zonal Command of the Economic and Financial Crimes Commission, EFCC, on Thursday, arrested seventy-four (74) suspected internet fraudsters in Ogun State. The anti-graft agency said the alleged fraudsters were arrested at Government Residential Area, G.R.A, Shagamu, in Ogun State. According to the Commission in a statement on its Twitter page, their…
Binance Holdings Limited alongside two of its senior executives, Tigran Gambaryan and Nadeem Anjarwalla, have been slammed with charges of $35,400,000 in money laundering, by the Economic and Financial Crimes Commission, EFCC. The EFCC, having taken over the case from the Office of the National Security Adviser, has detained Gambaryan and secured a court warrant…
Nadeem Anjarwalla, one of the two Binance executives detained in Nigeria for alleged tax evasion and other offences, has escaped from lawful custody, PREMIUM TIMES have reported. According to the report, “sources said Mr Anjarwalla, 38, escaped on Friday, 22 March, from the Abuja guest house where he and his colleague were detained after guards…
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