Efforts by operatives of the Economic and Financial Crimes Commission, EFCC, to arrest the former Kogi State governor, Abubakar Audu, on December 11, 2012, failed as the ex-governor had fled his 32 Suleiman Barau street, Aso Villa, Asokoro Abuja residence. The attempted arrest of the former governor who is being tried for fraudulently enriching himself... Read More
by Isi Esene The siege laid on the businessman, Wale Babalakin, by security operatives at the Lagos University Teaching Hospital (LUTH), Idi-Araba, Lagos seem not to be abating. Sources say there is an increased number of Economic and Financial Crimes Commission (EFCC) operatives and riot policemen in the hospital premises. There are also speculations that... Read More
Despite a distinct lack of power to turn on the computers where they may exist in primary and secondary schools across the country, some egghead has decided to make ICT based exams compulsory for matriculation exams in Nigeria. Sad news yesterday, the mother of the coordinating minister for our economy has been kidnapped. This is... Read More
by Theophilus Ilevbare “Corruption has become a state of the Federation, drawing its weekly and monthly allowances from the Federation Account unabashedly” – Lawyer, Fred Agbaje Lately, the Nigerian media has been awash with opinion, analysis and editorials on the spiralling rate of corruption especially under the President Goodluck Jonathan led administration. The war against... Read More
by Akan Ido The Economic and Financial Crimes Commission has denied arresting businessman and chairman of Bi-Courtney Group, Wale Babalakin who is currently on admission at the Lagos State University Teaching Hospital, Idi Araba, Lagos. Speculations have been rife that the businessman, who is wanted by the EFCC over allegations of money laundering, has been... Read More
by Akan Ido The Bi-Courtney Group, has registered its displeasure at the conduct of the Economic and Financial Crimes Commission (EFCC) who have reportedly laid siege on the Lagos University Teaching Hospital (LUTH), Idi-Araba, Lagos, where its Chairman, Wale Babalakin is receiving treatment for an undisclosed ailment. The construction firm’s spokesman, Dipo Kehinde, says the... Read More
Citizens don’t idolise a nation that subtracts from their worth, or shuts the door of opportunity against them, or makes them a pariah at international borders. Nigeria’s Yahoo Yahoo image is killing her economy. Things are spiralling out of control and sociological wreckage is being wrought. It has often been said that Nigerians are not... Read More
by Isi Esene A building located in the Mabushi District of the Federal Capital Territory, Abuja, said to belong to the minister of Niger Delta Affairs, Godsday Orubebe, has become the centre of attention of the Federal House of Representatives as it sets up committees to look into the ownership of the building and report... Read More
James Ibori II? Bi-Courtney boss obtains court order stopping his arraignment, falls ill ‘overnight’
SaharaReporters has learned that while businessman Wale Babalakin’s lawyer was telling one court today that he was too ill to appear in court, he was in the Federal High Court in Lagos obtaining an administrative injunction to prevent the Economic and Financial Crimes Commission (EFCC) from laying a finger on him or infringing on his... Read More
by Isi Esene Two passengers were arrested over the weekend in possession of $2,073,160 and 20,300 Saudi Arabian Riyal (SAR) at the ‘E’ wing departure area of the Murtala Muhammed International Airport (MMIA). The suspects, identified as Talal Hammoud with passport number, A03599105 and Hassan Rmaiti, a Federal Airports Authority of Nigeria (FAAN) staff with... Read More
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 ‘fight’, according to analysts seems not to have left the runway for take-off. The current EFCC chairman, Ibrahim Lamorde, recently gave reasons why the commission... Read More
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 things will eventually define the administration of President Goodluck Jonathan: the power sector and the anti-graft war. Don’t misunderstand me – we need massive infrastructural... Read More
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, Fine Boy Swag (FBS) Entertainment . FBS Entertainment had in a press statement signed by its representative, Muhammad Nura, accused Naeto C of failing to... Read More
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 calibre criminals to justice. He said this while defending the commission’s budget before the Senate Committee on Drugs, Narcotics, and Financial Crime. This year alone,... Read More
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 charges were filed earlier today at a Lagos Court in Ikeja. The Federal Government had on Monday cancelled the contract awarded to his company for... Read More
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 of the Federal Republic of Nigeria Dr. Goodluck Ebele Jonathan GCFR The Honourable Minister of Petroleum, Mrs Deziani Allison Madueke Distinguished members of the Petroleum... Read More
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 on Petroleum Special Task Force is a toothless bulldog which is incapable of indicting anyone. The petroleum special task force was led by former Economic... Read More
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 Airport with $1.4m (N218m). Adetula was able to pass through Nigeria Customs Service and National Drug Law Enforcement Agency security checks because he was wearing... Read More
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. On Friday, the commission through its spokesman, Wilson Uwujaren disclosed that a team of investigators from the anti-graft agency made some shocking new discoveries. He... Read More
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. Abiru ruled that the suspects be held in the Economic and Financial Crimes Commission (EFCC) custody pending hearing on their bail application on October 19.... Read More
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 Ishaku, sentenced on Thursday to five years imprisonment without an option of fine by an Abuja High Court. The offenses for which they were arraigned... Read More
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 for trying to smuggle out $7 million (N1.12 billion). Sheriff is a bulk currency smuggler. He was arrested on Thursday for attempting to take the... Read More
Recent Comments