Tag: EFCC

N80bn Found In P’Harcourt, Warri, Kaduna Refineries MDs’ Bank Accounts

Ganiyu Amodu

. Lies uncovered As EFCC deepens probe of Kyari, 13 senior ex-NNPCL officials In $3bn refinery fraud   The Economic and Financial Crimes Commission has arrested the recently sacked managing directors and some top officials of the Port Harcourt Refining Company, Warri Refining and Petrochemical Company, and Kaduna Refining and Petrochemical Company. The officials were arrested over alleged mismanagement of funds earmarked for the rehabilitation of the facilities. The total amount under investigation is $2,956,872,622.36. Findings by Saturday PUNCH showed that the EFCC is probing the sum of $1,559,239,084.36 allocated…

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How, Why EFCC Detained Popular Influencer VeryDarkMan

Ganiyu Amodu

Nigerian social media influencer Martins Vincent Otse, popularly known as VeryDarkMan, VDM, has been detained by the Economic and Financial Crimes Commission in Abuja. Activist lawyer Deji Adeyanju, confirmed this in a post on his official Facebook page on Friday evening. Earlier reports suggested that Guaranty Trust Bank ordered VDM’s arrest following his criticism of the bank after alleged unauthorised transactions were made from his mother’s account. In an update, Adeyanju stated that a team of lawyers led by the “Head of our firm @Marvin_Omorogbe just met VDM’s friend, who…

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CBEX Resumes Operations Amid SEC Ban, N1.2tn EFCC Probe

Ganiyu Amodu

The Crypto Bridge Exchange (CBEX) trading platform has resumed operations despite the probe launched by the Economic and Financial Crimes Commission (EFCC) over alleged N1.2 trillion digital fraud. The development was disclosed by two traders on Wednesday, who added that the platform announced fresh withdrawal options to restore investor confidence following the infamous crash of the platform. Per the report, CBEX quietly resumed operations, with new users now allowed to register, trade, and withdraw profits amid ongoing investigations by regulatory agencies. It was also gathered that existing investors who have…

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EFCC Summons Okoya’s Sons Over ‘Abuse Of Naira’

Ganiyu Amodu

The Economic and Financial Crimes Commission (EFCC) has once again demonstrated its unwavering commitment to upholding the law and ensuring that no individual, regardless of their social status or affluence, is deemed untouchable. In a bold move, the EFCC has invited Subomi and Wahab, the sons of billionaire industrialist Razaq Okoya, for interrogation in connection with alleged abuse of the naira. The invitation follows a viral video that surfaced, showcasing the Okoya brothers spraying naira notes while a police officer held stacks of the currency, in clear contravention of Section…

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Court Rejects Emefiele’s Jurisdiction Challenge In $4.5bn, N2.8bn Fraud Case

Ganiyu Amodu

An Ikeja Special Offences Court has dismissed the plea application filed by the former Governor of the Central Bank of Nigeria, Godwin Emefiele, challenging its jurisdiction to hear the $4.5 billion and N2.8 billion fraud case brought by the Economic and Financial Crimes Commission. Delivering the ruling on Wednesday, Justice Rahman Oshodi held that the court had jurisdiction over counts eight to 26, citing relevant legal authorities and evidence presented in the case file. However, the court struck out counts one to four, which centred on abuse of office through…

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EFCC Sacks 27 Officers For Fraudulent Activities, Misconduct

Ganiyu Amodu

The Economic and Financial Crimes Commission (EFCC) has dismissed 27 officers from its workforce. The action was taken to enforce integrity and rid the anti-graft agency of fraudulent elements. The officers were dismissed in 2024 for various offences bordering on fraudulent activities and misconduct. EFCC spokesman, Dele Oyewale, in a statement made available on Monday, January 6, 2025, stated that the officers’ dismissal, following the recommendation of the Staff Disciplinary Committee of the EFCC, was ratified by the Executive Chairman, Mr. Ola Olukoyede. Olukoyede reiterated the commitment of the Commission…

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Viral List Of ex-Govs Under Investigation Over Alleged Corruption False, Misleading – EFCC

ADEOLA YUSUF

The Economic and Financial Crimes Commission, EFCC has refuted a purported list of former governors under investigation for alleged corruption, which has now gone viral. There were reports in the media that 58 former governors were under the investigation of the anti-graft agency over alleged corruption. The former governors, according to reports, were accused of misappropriating N2.187 trillion over 25 years. The 58 former governors were being probed, while others have been investigated, and prosecuted. Reacting to the development, the EFCC spokesman, Dele Oyewale, in a statement on Sunday, described…

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Naira Abuse: EFCC, Cubana Chief Priest Opt For Out-of-Court Settlement

Ganiyu Amodu

Pascal Okechukwu, popularly known as Cubana Chief Priest, has opted for out of court settlement in the case of alleged Naira abuse against him. The case of money abuse was filed against the Cubana Chief Priest by the Economic and Financial Crimes Commission. At the resumed hearing of the case on Thursday, the legal team of the popular bar man told the court that there was a move to settle the issue out of court. READ ALSO Real Reason I Left Nigeria To Do Menial Jobs In UK – Sola…

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EFCC Arrests Ex-Aviation Minister Sirika’s Brother Over N8bn Aviation Contract

ADEOLA YUSUF

The Economic and Financial Crimes Commission (EFCC) has arrested Abubakar Ahmad Sirika, a younger brother of the immediate-past minister of Aviation, Hadi Abubakar Sirika. He was reportedly arrested by the anti-graft agency on Sunday, February 4, 2024, over ongoing investigation of the Aviation Ministry. He was alleged to have been arrested over N8billion aviation ministry probe under Sirika, when he was awarded contracts even though he is a civil servant, a deputy director on Level 16. Sirika is being accused of conspiracy, abuse of office, diversion of public funds, contract…

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Over 130 CSOs, Lawyers Resume ‘Bawa Must Go Campaign’

ADEOLA YUSUF

No fewer than 130 frontline anti-corruption Civil Society Organisations, CSOs have resumed their campaign for the sack of the Chairman of the Economic and Financial Crimes Commission, EFCC, Abdulrasheed Bawa, over alleged politicisation of the commission, disobedience of Court orders and infringement on human rights of Nigerians, among others. Joined by 20 Constitutional lawyers led by Mogbojuri Kayode of the Citizens Rights Advocacy Group, CRAG, the CSOs claimed the desperation of the EFCC chairman to remain in office had taken a laughable turn, insisting that no amount of “purchased CSOs’…

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