Tag: Corruption - Page 10 - African News Today

Presidency Speaks on the Arrest of Suspended EFCC Acting Chairman, Magu

12Jul

By Obiajulu Joel NwoluNo Comments

Corruption, News, Nigeria, Press Statement

Presidency Speaks on the Arrest of Suspended EFCC Acting Chairman, Magu

STATE HOUSE PRESS RELEASE A series of documented allegations were made against the Ag. Chairman of the Economic and Financial Crimes Commission (EFCC). Following a preliminary review of the allegations leveled against the Ag. Chairman and several other members of his staff, there were grounds for a detailed investigation to be conducted. Hence, an investigative panel was constituted in compliance with the extant laws governing the convening of such a body. As is the proper procedure, when allegations are made against the Chief Executive of an institution, and in this case an institution that ought to be seen as beyond reproach, the Chief Executive has to step down from his post and allow for a transparent and unhindered investigation. The EFCC does not revolve around the person...

Nigeria’s AGF, Malami Debunks Buying ₦300 million Abuja Mansion for Newly Wedded Son

12Jul

By Obiajulu Joel NwoluNo Comments

Corruption, News, Nigeria

Nigeria’s AGF, Malami Debunks Buying ₦300 million Abuja Mansion for Newly Wedded Son

Nigeria’s Attorney General of the Federation (AGF) and Minister of Justice, Abubakar Malami (SAN) has debunked acquiring a N300 million mansion for his, Abdulazeez who just wedded, in Abuja. The denial was contained in a statement issued by Malami’s media aide, Umar Gwandu where he equally denied reports on social media that COVID-10 protocols were disregarded during Abdulazeez’s wedding ceremony that took place in Kano. Malami tagged the report mischievous, deceitful, perfidious and “a clear violation of ethical journalism practices on verification of facts and authentication of claims.” He dared his accusers to come forth with the name of the seller of the alleged mansion and its location and to make public the title documents. “God knows that I did not purchase any house for...

EFCC Saga: IG of Nigerian Police Force Withdraws Officers Attached to EFCC, Magu’s Security Details

11Jul

By Obiajulu Joel NwoluNo Comments

Corruption, Crime, Judiciary, News, Nigeria, Security

EFCC Saga: IG of Nigerian Police Force Withdraws Officers Attached to EFCC, Magu’s Security Details

Mobile Police officers attached to the Economic and Financial Crimes Commission (EFCC) have been withdrawn on the order of the Inspector-General of Police, Mohammed Adamu. The order was communicated through a communique to the Inspector General, Police Mobile Force, PMF Squadrons one to 79, Force Secretary and Commissioners of Police of all state commands and the Federal Capital Territory (EFCC), also instructed that the equal number of personnel withdrawn be replaced. The IGP in the order said, “Only staff of EFCC should be allowed access into the premises while withdrawn police personnel from PMF 21, 44, 45, 46 and 50 must report to the Force Headquarters by 8am on Monday.” It was also reported that personnel of the police force manning the residence of the ousted Acting EFCC bo...

Magu Makes A Laughing Stock Of Buhari’s Anti Corruption War, Vindicates The 8th Assembly

10Jul

By Obiajulu Joel NwoluNo Comments

Corruption, Finance, News, Nigeria

Magu Makes A Laughing Stock Of Buhari’s Anti Corruption War, Vindicates The 8th Assembly

By being accused of the same crimes he was saddled with the responsibility of fighting against, Magu has dented, soiled and in the process, ridiculed President Muhammadu Buhari's anti-corruption war. There is a proverbial saying that he who comes to equity must come with clean hands. This is almost obviously not the case with the embattled and now ousted chairman of Nigeria's number one anti-corruption agency, the Economic and Financial Crimes Commission (EFCC). The term 'almost' was used because Ibrahim Magu despite being widely accused of financial misappropriation is yet to be found guilty by a court of competent jurisdiction. While we wait for the whole process to be initiated and concluded, we cannot but believe that by being accused of the same crimes he was saddled wit...

Two Nights After Arrest, Suspended EFCC Boss, Magu, Still in Detention

8Jul

By Obiajulu Joel NwoluNo Comments

Corruption, Crime, Justice, News, Nigeria

Two Nights After Arrest, Suspended EFCC Boss, Magu, Still in Detention

Suspended Acting Chairman of the Economic and Financial Crimes Commission (EFFC), Ibrahim Magu has spent a second night in detention after his arrest on Monday in Abuja. A joint team of operatives of the Department of State Services and men of the Nigeria Police Force picked up Magu in Abuja on Monday and took him to the Presidential Villa where he was questioned for hours. Magu who has been serving as EFCC chairman in Acting capacity was questioned for long hours on Tuesday while security operatives searched his Abuja home. The troubled EFCC official passed the night at the Area 10 Force Criminal Investigation Department in Abuja. Source: Sahara Reporters

Hushpuppi Responsible for £2 million SS Lazio Scam- FBI

5Jul

By Obiajulu Joel Nwolu1 Comment

Corruption, Crime, Finance, Justice, News, Nigeria

Hushpuppi Responsible for £2 million SS Lazio Scam- FBI

The Federal Bureau of Investigation (FBI) has accused scam kingpin Hushpuppi and his crew of perpetrating a £2 million scam of Italian Serie A team Lazio. Lazio was reported to have paid the last installment of defender Stefan de Vrij’s transfer fee to scammers instead of the Dutch club Feyenoord in 2018. Italian newspaper Il Tempo alleged that Lazio was defrauded after paying £1.75 million into an account in Holland operated by fraudsters who had knowledge of the transaction. The fraudulent transaction took place through mail after the Serie A side received a mail believed to be from Feyenoord requesting, they pay the balance into an account provided. United States Department of Justice equally revealed that Hushpuppi and his gang nearly scammed a premier league club prior to ...

Dubai Police Extradites Hushpuppi and Woodberry to the US

2Jul

By Obiajulu Joel NwoluNo Comments

Corruption, Crime, Justice, News, Nigeria

Dubai Police Extradites Hushpuppi and Woodberry to the US

Fraud suspects Hushpuppi and Woodberry who were arrested in Dubai by Dubai police have been extradited to the United State (US) to answer for allegations of financial crimes. The Dubai police confirmed this in a tweet on Thursday, acknowledging the appreciation of the FBI for their good work. Ramon Igbalode popular known as Hushpuppi and Olalekan Jacon Ponle alias Woodberry will be facing charges of multiple money-laundering and cyber-crimes in the US. The Dubai police had earlier revealed details of their arrest in a documentary. The operation codenamed ‘Fox hunt’ led to the arrest of the duo and 10 other suspects. The 4 months planned raid resulted in the arrest of the suspects and recovery of over N150 billion in cash and 13 luxury cars worth around N3.7 billion. Du...

Hushpuppimania: The Tragedy of a Bad Influencer

27Jun

By Obiajulu Joel Nwolu3 Comments

Corruption, Crime, Life, Lifestyle, News, Nigeria

Hushpuppimania: The Tragedy of a Bad Influencer

Rarely do you meet a Nigerian youth who is active on social media who does not know and admire Raymond Igbalode Abbas popularly known as Hushpuppi. The socialite rose to limelight sometime in 2017 when he spent over 11 million naira in a single shopping spree. Hushpuppi is not one who is shy to flaunt his wealth and hush whoever he believes is less influential. However, news broke out on June 10, of how Hushpuppi and eleven members of his gang were arrested by what was believed to be Interpol in Dubai, United Arab Emirates (UAE). He was arrested alongside popular social media figure Olalekan Jacob Ponle, widely known as Woodberry. Hushpuppi and Woodberry are notorious personalities who pride in their luxurious and extravagant lifestyle for the camera. Their arrest did not come as ...

CBN’s Targeted Credit Facility for Covid-19 – Fraud or Incompetence?

22Jun

By adminNo Comments

Corruption, Covid-19, Economy, Features, Finance, News, Nigeria

CBN’s Targeted Credit Facility for Covid-19 – Fraud or Incompetence?

When the CBN (Central Bank of Nigeria) announced that it was going to be making about N50 billion available as loans to businesses in what it called the "Targeted Credit Facility for Covid-19", a lot of business owners saw it as a lifeline with which to revive their failed or failing businesses. It's no longer news that most businesses were hard hit by the lock down instituted by different governments as a result of the global pandemic. When the program was rolled out, it was introduced by Nirsal Micro Finance Bank, the bank that handles most of CBN's public loan programs, as "a stimulus package to support households and Micro, Small and Medium Enterprises (MSMEs) affected by the Covid-19 pandemic." Month's after this program supposedly kicked off, we are wondering how many Niger...

Zimbabwe Drags Health Minister to Court over COVID-19 Medical Supplies Corruption Allegation

20Jun

By Obiajulu Joel NwoluNo Comments

Corruption, Covid-19, Zimbabwe

Zimbabwe Drags Health Minister to Court over COVID-19 Medical Supplies Corruption Allegation

The health minster of Zimbabwe has been charged to court on grounds of criminal abuse of power as a government officer, alleged to have awarded a COVID-19 medical supplies contract running into millions of dollars to an obscure company at bloated prices. The company had sold $28 face masks to government at bulging prices. Anti-craft agency on Friday arrested the health minister- Obadiah Moyo after a public outcry and the contract was annulled. President Mnangagwa’s son issued a statement debunking any involvement with the said firm after pictures of the Zimbabwean representative of the firm enjoying company of the president, his wife and sons at ceremonies surfaced in the media. Delish Nguwaya, the representative is charged with criminal dealings alongside some bigwigs of the nati...