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November 25, 2012

Report: N5 trillion stolen on President Goodluck Jonathan’s watch

by Akan Ido The Goodluck Jonathan administration assumed office in 2011, with a firm commitment to fight corruption and win the war, but almost two years down the line, the…

November 25, 2012

Simon Kolawole: Jonathan, don’t drop the ball

Too much money is wasted or stolen, and you cannot but wonder how many more roads or schools or hospitals the loot could have built. Increasingly, it appears two major…

November 24, 2012

Kini big deal: Naeto C reacts to fraud allegations, threatens to sue promoter

by Akan Ido Storm Records, Naeto C's Record Label, has reacted to the allegation of fraud and breach of contract leveled against the rap artiste by a popular show promoter,…

November 23, 2012

Rambling: EFCC chairman attempts to explain why corrupt govt officials go free

by Akan Ido Ibrahim Lamorde, chairman of the Economic and Financial Crimes Commission (EFCC) on Thursday lamented the challenges faced by the commission in its efforts to bring perceived high…

November 21, 2012

It pours: Money laundering charges filed against Bi-Courtney boss, Wale Babalakin

by Isi Esene There are reports that the Economic and Financial Crimes Commission (EFCC) on Wednesday charged the chairman of Bi-Courtney Consortium, Wale Babalakin for money laundering. Sources say the…

November 18, 2012

For the Records: “Mr. President, truth is bitter but it will set us free” – Nuhu Ribadu

Full text of Chairman Nuhu Ribadu’s speech during the presentation of the report of the Petroleum Revenue Task Force to President Goodluck Jonathan on November 2nd. Your Excellency, the President…

November 16, 2012

Money Laundering: Former Union Bank MD Barth Ebong, others charged by EFCC

by Rachel Ogbu The Economic and Financial Crimes Commission, EFCC, has re-arraigned former managing director of Union Bank Plc, Barthlomew Ebong and five other executives of Falcon Securities Limited, a…

November 13, 2012

Visa fraud: Benin pastor arraigned by EFCC

by Rachel Ogbu Photo: Sahara Reporters Today, a 33 year old pastor was arraigned by the Economic and Financial Crimes Commission (EFCC) on a nine count charge bordering on obtaining…

November 9, 2012

Toothless bulldog – Presidency slams Nuhu Ribadu probe report

by Isi Esene Doyin Okupe, the special assistant to the president on public affairs, on Thursday in Abuja, organised a press conference announcing to the public that the contentious report…

November 5, 2012

“They tried to assasinate me twice… I still have bullet hole stains” – Ribadu

by Rachel Ogbu Nuhu Ribadu, former chairman of the Economic and Financial Crimes Commission (EFCC) recently went into details concerning his removal from the commission claiming it was in order…

October 31, 2012

#FuelSubsidyFraud: Ex PDP chairman’s son to stand trial in November

by Rachel Ogbu Justice Adeniyi Onigbanjo of an Ikeja High Court has adjourned the trial of Mamman Nasir Ali, son of the former national chairman of the Peoples' Democratic Party…

October 21, 2012

Money laundering? This FAAN official was caught by the EFCC with N218million in cash

by Reuben Daba On Saturday, an official of the Federal Airport Authority of Nigeria (FAAN), Akinyele Adetula, was apprehended by the Economic and Financial Crimes Commission at the Murtala Mohammed…

October 13, 2012

Sylva spoon: EFCC discovers N1billion Abuja mansions belonging to ex-governor Timipre Sylva

by Stanley Azuakola The Economic and Financial Crimes Commission (EFCC) might have gotten its most damning and compelling evidence yet on the case of looting involving ex-Bayelsa Governor Timipre Sylva.…

October 5, 2012

10 oil subsidy suspects remanded in EFCC custody

by Isi Esene Justice Habeeb Abiru of the Ikeja High Court earlier today remanded ten individuals allegedly involved in the misappropriation of oil subsidy funds obtained from the Federal Government.…

October 5, 2012

Caught red-handed: Two EFCC officials jailed five years each

by Stanley Azuakola The Economic and Financial Crimes Commission (EFCC), one of the bodies charged with fighting corruption in the country, had two of its officials, Douglas William and Abba…

September 29, 2012

“I am a courier for 20 people”: 24-year-old man headed for Dubai with $7m cash arrested at Lagos airport

by Stanley Azuakola The Economic and Financial Crimes Commission on Friday confirmed that it had arrested a 24-year old suspect, Abubakar Tijani Sheriff, at Murtala Muhammed International Airport in Lagos…

September 26, 2012

$15m Ibori bribe: “Return money to Delta State, sack EFCC boss” – Edwin Clark weighs in

by Isi Esene The self-styled godfather to the president, Chief Edwin Clark has called for the removal of the chairman of the Economic and Financial Crimes Commission, Ibrahim Lamorde over…

September 25, 2012

Remember Dimeji Bankole? His case stalled as Judge suddenly gets transfer letter on trial day

by Stanley Azuakola Dimeji Bankole We might just as well tag it as one of those things which happens in this country that no one can really explain but all…

September 16, 2012

EFCC set to arrest five judges accused of corruption

by Isi Esene The Economic and Financial Crimes Commission (EFCC) is reported to be investigating five judges; two chief judges and three judges of the Federal High Court, for keeping…

September 15, 2012

$15m Ibori bribe: Chibuike Achigbu arrested by the EFCC

by Isi Esene The Economic and Financial Crimes Commission (EFCC) yesterday arrested Chibuike Achigbu, the Lagos businessman who last week claimed ownership of the $15m allegedly offered to the former…

September 12, 2012

$15m Ibori bribe: Abuja court orders IG to investigate Uba and Achigbu

by Akan Ido An Abuja Chief Magistrate’s Court yesterday ordered the inspector general of Police (IGP) to comprehensively investigate the complicity or otherwise of both Senators Andy Uba and Chibuike…

September 11, 2012

N40 billion is what Akingbola got for insider shares dealing – Witness

by Akan Ido Former financial controller of Intercontinental Bank Plc. (now Access Bank Plc.), Akin Fabunmi, revealed in court yesterday that the bank paid N40bn to Tropics Securities, a stockbroking…

September 8, 2012

Fuel Subsidy Fraud: Olabisi, Jeldi, Nworgu declared wanted by the EFCC

by Isi Esene The Economic & Financial Crimes Commission (EFCC) yesterday declared three oil marketers wanted. The oil marketers were accused of obtaining billions of naira of the fuel subsidy…

September 6, 2012

“Stop treating Doyin Okupe with kid-gloves – prosecute him,” ACN tells EFCC

by Isi Esene The national publicity secretary of the Action Congress of Nigeria (ACN), Lai Mohammed has described the non-performance of the N2.3 billion contract awarded to presidential aide, Dr.…

August 17, 2012

EFCC seizes bunkering vessel carrying 300 metric tonnes of stolen diesel

by Stanley Azuakola Since January 1st when President Jonathan increased the pump price of fuel leading to a chain of events hardly anyone could have predicted just a year ago,…

August 2, 2012

In this together: GEJ’s Special Assistant stands surety for subsidy fraud suspect

by Stanley Azuakola One fact which has often been overlooked since news broke of the arraignment of certain individuals and companies on allegations of subsidy fraud concerns one of the…

August 1, 2012

EFCC withdraws suit against alleged oil thieves, says the charges were “filed by mistake”

by Isi Esene In a curious twist to the fuel subsidy saga, the EFCC yesterday dropped the suit filed against four of the fuel subsidy suspects saying the charges against…

July 31, 2012

“I will lock up any thieving official” – Gov. Theodore Orji

by Isi Esene The Abia State Governor, Theodore Orji, yesterday read the riot act to government officials who allegedly collect government revenues and convert same to personal use. He lamented…