Pension fund fraud: EFCC traces N1.1 billion money to female accountant’s account (PICTURED)

Police Pension Office official, six others to face trial today There seems to be no end to the Police Pension fund scandal. The Economic and Financial Crimes Commission (EFCC) said yesterday that about N1, 141, 309, 080.25 has been traced to a chief accountant in the Police Pension Office, Mrs. Uzoma Cyril Attang. The fraud... Read More

Accountant, cash, EFCC, Pension, woman

April 9, 2013

EFCC prosecutor withdraws from case against Lagos speaker, Adeyemi Ikuforiji

by Akan Ido A Economic and Financial Crimes Commission (EFCC) prosecutor, Godwin Obla has withdrawn from the money laundering case against the speaker of the Lagos State House of Assembly, Adeyemi Ikuforiji. Ikuforiji and his personal assistant, Oluyemi were dragged before the Federal High Court for allegedly accepting over N500m from the Assembly without passing... Read More

Adeyemi Ikuforiji, EFCC, Godwin Obla, House of Assembly, lagos, nigeria

March 27, 2013

Again court grants Wale Babalakin leave to travel abroad

by Rachel Ogbu The Chairman of Bi-Courtney Ltd., Wale Babalakin, was allowed to travel to South Africa for medical treatment after an Ikeja High Court on Wednesday, again granted him the permission to do so. On February 28, Justice Adeniyi Onigbanjo had granted Babalakin consent to travel abroad for his medical treatment. Yesterday while presiding on another... Read More

Chairman of Bi-Courtney Ltd., criminal conduct, Economic and Financial Crimes Commission, EFCC, Wale Babalakin

March 18, 2013

Opinion: Of state pardon and Ribadu’s frustrations

by Danlami Ibrahim Maikano The same government that showed this lackadaisical gait in dealing with this clear case of disservice for the nation is now reversing the good works Ribadu did many tears back. Nuhu Ribadu is a frustrated man. He is hardly a happy man, at least outside his small cycle of family and... Read More

bribe, corruption, Danlami Ibrahim Maikano, diepreye alamieyeseigha, EFCC, Goodluck Jonathan, graft, nuhu ribadu, pardon

March 16, 2013

Corruption allegation: ALGON drags Rochas Okorocha to the EFCC

by Isi Esene The Imo State branch of the Association of Local Government of Nigeria has dragged the state governor, Rochas Okorocha and other government functionaries to the Economic and Financial Crimes Commission (EFCC) for allegedly misappropriating public funds. ALGON, through its lawyer, C.O.C Akaolisa is accusing Okorocha of “criminal conspiracy, abuse of office, stealing,... Read More

ALGON, C.O.C Akaolisa, corruption, EFCC, imo state, nigeria, Rochas Okorocha

March 8, 2013

Former Governor Chimaroke Nnamani to appear in court again for money laundering

by Chi Ibe Former Governor of Enugu State, Chimaroke Nnamani, was re-arraigned before a Federal High Court Lagos earlier today in connection with money laundering, News Agency of Nigeria reports. The Economic and Financial Crimes Commission, EFCC, had re-arraigned Nnamani, his former aide, Sunday Anyaogu, and seven companies which included Rainbownet (Nig) Ltd, Hillgate (Nig) Ltd, Cosmos FM,... Read More

Chimaroke Nnamani, EFCC, Former Governor of Enugu State, money laundering

March 1, 2013

Free to go: Court releases Wale Babalakin’s passport for travel to South Africa

by Isi Esene The Lagos High Court has reportedly released the travel documents of Wale Babalakin, the chairman of Bi-Courtney Group to enable him travel to South Africa to receive adequate medical treatment. Babalakin’s passport was seized by the Court as he is being prosecuted by the Economic and Financial Crimes Commission for allegedly transferring... Read More

EFCC, James Ibori, Lagos High Court, Rotimi Jacobs, Wale Babalakin

March 1, 2013

Akintunde Oyebode: The labour of our heroes past (Y! FrontPage)

This is how our heroes are rewarded, shot like wild animals and left to die painfully; the much luckier ones die slowly, and watch helplessly as their pension and gratuity are looted by government officials. We were preparing for our Senior Secondary Certificate Examination when the news filtered that our classmate lost his dad, an... Read More

Abdulrasheed Maina, Akintunde Oyebode`, EFCC, John Yusuf, nigeria, Politics, Sani Shuaibu Teidi, Y! Frontpage

February 27, 2013

Sabella Abidde: Why can’t President Jonathan control the Dame?

by Sabella Abidde …it is hard, very hard to have compassion for someone – anyone for that matter– who is noted for being unkind and insensitive to the poor and the needy. Nigeria has never had a First Lady quite like this. Never! There were Flora Azikiwe, Victoria Aguyi-Ironsi, Victoria Gowon, Ajoke Mohammed, Esther Oluremi... Read More

Bayelsa, EFCC, Goodluck Jonathan, Patience Jonathan, sabella abidde, Turai Yaradua, Victoria Gowon

February 26, 2013

Bank fraud: Erastus Akingbola re-appears in court today

by Rachel Ogbu Former Managing Director of Intercontinental Bank Plc (now Access Bank Plc), Erastus Akingbola, will appear in court today, February 26. The Economic and Financial Crimes Commission, EFCC re-arraigned him for allegedly stealing the bank’s money. According to reports, in a statement on Monday, the EFCC said it had arrested Akingbola preparatory for his arraignment before... Read More

Access Bank Plc, Bank fraud, EFCC, erastus akingbola, Intercontinental Bank Plc.

February 1, 2013

‘Yahoo-Yahoo’: 20 men arrested by the EFCC in Edo (PICTURED)

The Economic and Financial Crimes Commission (EFCC), has arrested twenty suspects over alleged cyber crimes in Benin City, Edo State. A statement by EFCC spokesman, Wilson Uwujaren, said the suspects were arrested in a joint operation with officers from the 4 Brigade of the Nigerian Army, Benin. He said, “Following intelligence report on their activities.... Read More

arrest, Benin, Edo, EFCC, laptop, Siluko Road, Wilson Uwujaren

January 31, 2013

Analysis: Why the plea bargain system makes it lucrative to steal big

by Awenlimobor Sylvester How is the judgement and punishment expected to impact on the lives of thousands of police pensioners who have been adversely affected by Yakubu’s crime? Wednesday January 23rd 2013, an Abeokuta Magistrate court sentenced Mustapha Adesina to two years imprisonment for stealing N5,000 worth of vegetables. One week later an Abuja High... Read More

Abuja High Court, EFCC, Lucky Igbinedion, Mustapha Adesina, police pension, Rotimi Jacobs, Yakubu Yusuf

January 30, 2013

Double jeopardy? EFCC to re-arraign convicted police pension boss today

by Akan Ido The former Police Pension fund accountant, John Yakubu Yusuf, who was convicted on Monday by an Abuja High Court presided over by Justice Abubakar Talba has been re-arrested, yesterday, by operatives of the Economic and Financial Crimes Commission (EFCC). Yusuf, who was accused of misappropriating N23bn, was sentenced to two years in... Read More

Abubakar Talba, Ahmed Wada, Atiku Abubakar Kigo, EFCC, Esai Dangabar, John Yakubu Yusuf, Wilson Uwujaren

January 29, 2013

Just In: EFCC rearrests convicted pensions fund boss, John Yakubu

A Former Deputy Director in the Police Pension Office, John Yakubu, still has a lot to account for as he has just been rearrested by the Economic and Financial Crimes Commission (EFCC). Mr. Yakubu, who was convicted by an Abuja Federal High Court on a three count of criminally converting N23.3 billion Police pension fund... Read More

Danjuma Gele, EFCC, John Yakubu

January 28, 2013

EFCC arrests ex-presidential aspirant for running a recruitment racket, extortion, more (PICTURED)

A former presidential aspirant under the platform of the Nigeria Liberation Party, NPL, Osita Emmanuel Okereke, has been arrested and interrogated by the Economic and Financial Crimes Commission, EFCC, for operating an illegal task force, running a recruitment racket, extortion and obtaining money by false pretense. Okereke is allegedly the brain behind a syndicate whose... Read More

EFCC, National Task Force, Nigeria Liberation Party, NPL, Osita Emmanuel Okereke, presidential aspirant

January 26, 2013

Ibori spoils: Millionaire’s pad belonging to jailed former governor discovered in Lekki [DETAILS]

by Rachel Ogbu A luxury home in Lekki Lagos was recently identified as belonging to shamed former Delta State governor, James Ibori. Despite convicted in April 2012 and sentenced to a13-year jail term for corruption and money laundering, the Economic and Financial Crimes Commission, EFCC continues to find more evidence against the politician. On Friday said it... Read More

EFCC, Ibori, ibori's secret mansion, money laundering, the Economic and Financial Crimes Commission

January 18, 2013

In Nigeria, it’s garbage in, garbage out – and more, in today’s news round-up with Cheta Nwanze

by Cheta Nwanze Yesterday, PWC informed us that Nigeria will be the 13th biggest economy on the planet by 2050. Where will I be by 2050? Ah, yes, by 2050, I will be preparing to become the head of the Nigerian Ports Authority. To be honest, the Lance Armstrong shindig is the biggest story on... Read More

Alpha Jet, EFCC, lance armstrong, mali, Oprah Winfrey, police, Umaru Abdulrahaman, Wale Babalakin

January 17, 2013

Niger Delta militants indict Jonathan – and more, in today’s news round-up with Cheta Nwanze

by Cheta Nwanze I would suggest to his followers, eminent and concerned Nigerians, members and leadership of his party, to find a younger person and persuade the General to go play with his grandchildren and stay out of the news. Ateke Tom and Boyloaf have made the transition from being hired guns to being the... Read More

Ateke Tom, Cheta Nwanze, EFCC, General Boyloaf, Goodluck Jonathan, Muhammadu Buhari, nigeria, Wale Babalakin, Wilson Uwujaren

January 16, 2013

Money laundering: EFCC to arraign Babalakin tomorrow

Godwin Akanfe The Economic and Financial Crimes Commission (EFCC) will on Thursday arraign the Chairman of Bi-Courtney Ltd., Wale Babalakin, for an alleged N4.7 billion fraud. Babalakin was charged before Justice Adeniyi Onigbanjo of a Lagos High Court in Ikeja. He was charged alongside Alex Okoh, Stabilini Visioni Ltd., Bi-Courtney Ltd. and Renix Nigeria Ltd.... Read More

Adeniyi Onigbanjo, Akex Okoh, Bi-Courtney Group, EFCC, Luth, Rotimi Jacobs, Wale Babalakin

January 14, 2013

Fight back: Former lawmaker sues EFCC

Emmanuel Okubenji A former member of the House of Representatives, Napoleon Gbinije has dragged the Economic and Financial Crimes Commission (EFCC) before the High Court in Abuja over the alleged breach of his fundamental human rights. The EFCC had on January 8, 9 and 10 declared Gbinije wanted through press releases and advertorials in newspapers... Read More

Delta, EFCC, Napoleon Gbinije

January 12, 2013

Polymer notes scam: Soludo gets bail, passports seized; “No, I was invited, not arrested,” he claims

by Isi Esene The former governor of the Central Bank of Nigeria, Prof. Charles Chukwuma Soludo, who was on Thursday arrested by operatives of the Economic and Financial Crimes Commission has been granted administrative bail and instructed to return to the commission yesterday, Friday. Soludo was arrested in his Abuja home alongside several other senior... Read More

Abuja, CBN, Charles Chukwuma Soludo, Currency scam, EFCC, passport

January 11, 2013

Pesky journalists – and more, in today’s news round-up with Cheta Nwanze

by Cheta Nwanze Making use of his teeth, he separated the left ear of one of the journalists from the chap’s body. You see, human parts are also valuable. Journalists are a really annoying lot. I should know, I’ve worked with quite a few of them in the last three years. They ask too many... Read More

Abeokuta, Adebayo Alao-Akala, Bbatunde Fasshola, Charles Soludo, EFCC, HIV/AIDS, nafdac, nurtw, Oyo

January 11, 2013

Charles Soludo, others grilled by the EFCC over currency scam, to face prosecution soon

by Isi Esene The former governor of the Central Bank of Nigeria (CBN), Prof. Charles Soludo was yesterday night picked up by operatives of the Economic and Financial Crimes Commission (EFCC) over a controversial contract he allegedly awarded to an Australian firm for the printing of polymer currency notes while he waas head of the... Read More

australia, CBN, Charles Soludo, corruption, EFCC, Fraud, Securency International Pty, Wilson Uwujaren

January 9, 2013

Japheth Omojuwa: Nigeria’s number one problem remains the same (YNaija FrontPage)

Pay attention to the history of nations and corporations, wherever there was a monumental leap in the fortunes of a people, there was a leap in the class of leadership. In a country like Nigeria where everywhere you look you find problems resulting from problems of yesteryears, one is tempted to think these problems in... Read More

babatunde Fashola, EFCC, japheth omojuwa, Jim Collins, lagos, olusegun obasanjo, oshodi, Steve Jobs, YNaija Frontpage

December 27, 2012

Pastors charged to court for operating an illegal bank

A Federal High Court sitting in Asaba Delta State of Nigeria has reserved judgment till 7 January, 2013 in the case of the pastor of a Pentecostal Church alleged to have been operating illegal banking. The accused Pastor Glory Okeoghene Abrefera and his company Mustard Seed Micro Investment Limited were arraigned before the court sometime... Read More

Delta, EFCC, Mustard Seed, Pastor Glory Okeoghene Abrefera, Vincent Okpogo

December 22, 2012

Report: Wanted ex-governor evades EFCC arrest, flees to America

by Akan Ido Former Kogi State governor, Abubakar Audu, who was declared wanted by the Economic and Financial Crimes Commission (EFCC) has reportedly left the country for the United States of America via London. Audu was said to have arrived his home in Potomac, Maryland on Wednesday. The former governor was declared wanted by the... Read More

Abubakar Audu, EFCC, Kogi, maryland, Potomac, USA

December 18, 2012

Opinion: How will we drive investment and growth in Nigeria: Handcuffs or Reforms?

by Abimbola Agboluaje Corruption is a product of a deep architecture of politics. The pillars of this architecture include the use of identity codes and money by a network of regional Godfathers Nigeria generates about the same quantity of electricity that is consumed around Tokyo Airport. The problem is not the extreme sophistication of the technology or... Read More

EFCC, Electricity, Nigeria’s budget, petroleum industry bill

December 17, 2012

“It is indeed an act of stupidity” – Lawyers condemn payment of N50m pension to Ibori

by Hauwa Gambo Reactions have trailed the payment by the Delta government of N50 million into the account of James Ibori, who was former governor of the state. It would be recalled that Ibori was convicted of stealing the state’s funds, and sentenced to 13 years in a United Kingdom jail for laundering about $250... Read More

chike ogeah, delta state, EFCC, ibori pension, James Ibori

December 14, 2012

Tell us about it, sir: My son is not laundering money for me – Governor Lamido

by Hauwa Gambo Well, that explains it. The governor of Jigawa, Sule Lamido – whose son was arrested at the Aminu Kano Airport, Kano on Wednesday – has an explanation for the thousands of dollars that have now put his son in trouble. Aminu was arrested by the Economic and Financial Crimes Commission (EFCC) ... Read More

aminu lamido, EFCC, Governor Lamido, Jigawa, money laundering

December 13, 2012

Babalakin wants to escape – EFCC raises alarm, as his lawyer abandons him

by Rachel Ogbu The Economic and Financial Crimes Commission (EFCC) recently informed a Lagos High Court that the chairman of Bi-Courtney Nigeria Limited, Bolanle Olawale Babalakin was plotting to flee the country. The planned arraignment of Babalakin, who is in hospital and four others by the EFCC over an alleged N4.7 billion fraud, took a... Read More

Bi-Courtney, Bolanle Olawale Babalakin, Economic and Financial Crimes Commission, EFCC, Fraud, Wale Babalakin