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One of Nigeria’s conglomerates, BUA Group, has debunked claims that its headquarters was raided by the Economic and Financial Crimes Commission (EFCC) on Thursday. There were reports that EFCC operatives stormed the office of BUA cement in relation to an investigation on the forex transactions of the company. The reports followed a raid by the…
The Economic and Financial Crimes Commission (EFCC) has launched an investigation into the forex transactions of some companies in the country. The companies are being investigated for the forex allocations they got during the tenure of Godwin Emefiele as governor of the Central Bank of Nigeria (CBN). Some of the companies being investigated by the…
Sadiya Umar-Farouq, former Minister of Humanitarian Affairs, Disaster Management and Social Development under ex-president Muhammadu Buhari’s government, refused to honour the invitation by the Economic and Financial Crimes Commission probing an alleged N37.1 billion laundered during her tenure in office through a contractor, James Okwete. The former Minister was expected to appear before EFCC interrogators…
Read More “Alleged N37bn Fraud: Sadiya Umar-Farouk Shuns EFCC Summon” »
The former minister of Humanitarian Affairs, Disaster Management, and Social Development under the Buhari government, Sadiya Umar-Farouk, is expected to appear before the Economic and Financial Crime Commission, (EFCC), operatives on Wednesday (today) for questioning over alleged N37.1 billion fraud. The development comes as EFCC arrested the National Social Investment Programme Agency, Halima Shehu, on…
Read More “EFCC Quizes Sadiya Umar-Farouk Over N37bn Alleged Fraud” »
The All Progressives Congress (APC) in Bayelsa State has accused Governor Douye Diri of masterminding a conspiracy to incriminate the APC candidate in the last governorship election in the state, Chief Timipre Sylva, falsely using the Economic and Financial Crimes Commission (EFCC). In a statement on Monday by APC State Publicity Secretary, Mr. Doifie Buokoribo,…
Read More “Governor Diri Is Mounting Pressure On EFCC To Arrest Sylva – APC” »
A High Court of the Federal Capital Territory, sitting at Maitama, on Tuesday, commenced full-scale hearing in the case the Economic and Financial Crimes Commission, EFCC, preferred against the former Governor of the Central Bank of Nigeria, Mr. Godwin Emefiele. The first witness in the matter, Mr. Samsudeen Romanus, in his Evidence-in-Chief, told the court…
Read More “Alleged N1.2b Contract Fraud: Emefiele Not Owner Of Firm Awarded” »
The Economic and Financial Crimes Commission (EFCC) has advised Nigerians to be wary of ATM swap fraudsters, saying the commission has been inundated with a barrage of complaints from the public concerning the incident. The EFCC Head of Media and Publicity, Mr Dele Oyewale, gave the advice in a statement made available to newsmen on…
Read More “Beware of ATM swap fraudsters, EFCC alerts Nigerians” »
Operatives of the Economic and Financial Crimes Commission, EFCC have raided some students hostels in Oduduwa Estate near the Obafemi Awolowo University, Osun State, in the early hours of Wednesday, arresting over 70 students. According to an occupant and eyewitness who stays at Fine Touch Hostel, the officials came with official vehicles and EFCC jackets….
Read More “EFCC Arrests Over 70 OAU Students On Midnight Raid” »
Following his arrest, the Economic and Financial Crimes Commission (EFCC) has begun a no limits probe of the former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele. He is expected to help the anti graft organization’s investigation into an alleged $15 billion foreign debts and sleazes surrounding the new currency redesign. Emefiele will…
A suspected hacker identified as Michael Anan Onimisi was arraigned by the Economic and Financial Crimes Commission for allegedly developing a software code named: “Bee-Leaf” and “Real-Eve” to defraud First City Monument Bank Plc. He was arraigned before Justice R.M Aikawa of the Federal High Court, sitting in Kaduna on six-count charges bordering on internet…
Read More “Court Remands Suspect Arraigned By EFCC For Hacking, Developing App To Defraud Bank” »