Tag: EFCC

26May

By adminNo Comments

Law Enforcement, News, Nigeria

Former EFCC Chairman Ibrahim Lamorde Passes Away at 61

Cairo, Egypt — Ibrahim Lamorde, the former chairman of Nigeria's Economic and Financial Crimes Commission (EFCC), has died at the age of 61. Mr. Lamorde passed away in Egypt, where he had traveled for medical treatment, according to a close associate who spoke to journalists on Sunday morning. Born on December 20, 1962, in Mubi, Adamawa State, Ibrahim Lamorde had a distinguished career in law enforcement. He attended Ahmadu Bello University in Zaria, where he graduated with a Bachelor of Arts Degree in Sociology in 1984. Following his graduation, he joined the Nigerian Police Force in 1986. Mr. Lamorde's career in the Nigerian Police Force spanned over three decades. He retired as a Deputy Inspector General of Police in 2021. Throughout his service, he was recognized for his dedicat...

Former Aviation Minister and Brother Face Fresh Charges: Abuse of Office Allegations Mount”

13May

By adminNo Comments

Aviation, Corruption, Finance, Judiciary, Nigeria, Transportation

Former Aviation Minister and Brother Face Fresh Charges: Abuse of Office Allegations Mount”

In the latest twist of events, former Minister of Aviation, Hadi Sirika, finds himself embroiled in yet another legal battle, this time alongside his brother Ahmad Abubakar. The duo is set to be arraigned by the Economic and Financial Crimes Commission (EFCC) on charges of abuse of office related to the awarding of contracts within the aviation ministry. The EFCC's decision to arraign Mr. Sirika comes shortly after he, along with his daughter Fatima and her husband, faced similar charges last week. This time, the allegations revolve around fraudulent awards of contracts amounting to billions of naira. Mr. Sirika, who served as the aviation minister throughout President Muhammadu Buhari's two terms, is accused of leveraging his position to improperly award contracts to a company with...

4May

By adminNo Comments

Corruption, Crime, Finance, Law Enforcement, News, Nigeria

58 Governors Looted N2.187 Trn in 25 Yrs – EFCC

The Economic and Financial Crimes Commission (EFCC) has made staggering allegations that suggest no fewer than 58 former governors of Nigeria have been involved in looting, embezzlement, laundering, or misappropriating a sum totaling N2.187 trillion over a span of 25 years. These revelations were disclosed by the EFCC, excluding seized properties across the globe and other assets under probe, which purportedly amount to billions of Naira. The alleged N2.2 trillion looting spree, as per EFCC's claims, is equivalent to the entire budget of Lagos State for the year 2024, which stands at N2.25 trillion. Moreover, it surpasses the combined budget of the South-East states for 2024, totaling N2.29 trillion. The sum is also notably higher than the 2024 budgets of the North-Central states and N...

Bobrisky Sentenced to Six Months in Jail for Naira Abuse

12Apr

By adminNo Comments

Economy, Judiciary, Lagos News, News, Nigeria

Bobrisky Sentenced to Six Months in Jail for Naira Abuse

Popular social media influencer and cross-dresser, Idris Okuneye, famously known as Bobrisky, has been sentenced to six months in custody for the abuse of the Nigerian currency, the naira. The verdict was delivered by Justice Abimbola Awogboro of the Federal High Court in Lagos. Bobrisky's legal troubles began when he was charged by the Economic and Financial Crimes Commission (EFCC) with multiple counts of naira abuse and money laundering. The charges stemmed from incidents where Bobrisky was seen spraying and flaunting wads of new naira notes at various social events. During the trial, Bobrisky pleaded guilty to the charges, admitting to tampering with large sums of Nigerian currency during social gatherings. The judge, after convicting him, emphasized that the sentence was intend...

Abdulkarim Chukkol Becomes Acting Chairman of EFCC

14Jun

By adminNo Comments

Law Enforcement, News, Nigeria

Abdulkarim Chukkol Becomes Acting Chairman of EFCC

In a recent development following the suspension of Mr. Abdulrasheed Bawa, the Executive Chairman of the Economic and Financial Crimes Commission (EFCC) by the Federal Government on Tuesday, June 14, 2023, Mr. Abdulkarim Chukkol has been appointed as the Acting Chairman of the Commission. Prior to assuming this new role, Mr. Chukkol served as the Director of Operations at the EFCC. With an impressive background, he is a pioneer staff of the Commission and a distinguished member of the EFCC Cadet Course One. Known for his expertise in cybercrime and money laundering investigations, Mr. Chukkol brings a wealth of experience to his new position. Throughout his career at the EFCC, Mr. Chukkol has held significant command appointments within the organization. From 2011 to 2016, he served...

Breaking News: EFCC Boss, Bawa, Suspended by Tinubu

14Jun

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Breaking News, Corruption, Economy, Justice, Law Enforcement, News, Nigeria

Breaking News: EFCC Boss, Bawa, Suspended by Tinubu

President Bola Ahmed Tinubu has taken the decision to indefinitely suspend AbdulRasheed Bawa, the Chairman of the Economic and Financial Crimes Commission (EFCC), from his position. The suspension comes as a result of serious allegations of abuse of office that have been leveled against Bawa. The President has deemed it necessary to initiate a thorough investigation into the conduct of the Chairman during his tenure. In an official statement released on Wednesday by Willie Bassey, the Director of Information at the Office of the Secretary to the Government of the Federation, the decision to suspend Bawa was announced. The statement clarified that the suspension was implemented to allow for an unbiased investigation into the allegations brought against him. As part of the suspension ...

<strong>EFCC Uncovers N13bn Illegal Fuel Subsidy Payments</strong>

4Jan

By Mary UgwuanyiNo Comments

Crime, Finance, News, Nigeria

EFCC Uncovers N13bn Illegal Fuel Subsidy Payments

The Economic and Financial Crimes Commission, EFCC, has recovered an estimated N13bn as proceeds of illegal payments made under the subsidy regime between 2017 and 2021. This was contained in the National inherent risk assessment of money laundering and terrorist financing in the Nigerian extractive sector document obtained by Punch from the website of the Nigeria Financial Intelligence Unit. The report partly read, “The Economic and Financial Crimes Commission, the agency responsible for the investigation and prosecution of fraudulent subsidies in the oil and gas in Nigeria recovered N12,998,963,178.29 as proceeds of illegal payment made under the subsidy regime between 2017 and 2021.” A breakdown of the figures shows that approximately N4.67bn was recovered in 2017, N4.29bn...

<strong>Buhari Stopped Me From Seeking EFCC Probe Of Corruption – Osinbajo</strong>

25Dec

By Mary UgwuanyiNo Comments

Corruption, News, Nigeria

Buhari Stopped Me From Seeking EFCC Probe Of Corruption – Osinbajo

Vice-President Yemi Osinbajo has said that President Muhammadu Buhari stopped him from directing the Economic and Financial Crimes Commission, EFCC, to look into fraud allegations against him. The House of Representatives ad hoc committee on emergency and disaster preparedness had in 2018 indicted the board of National Emergency Management Agency, NEMA. They accused the board chaired by the Vice-President of illegal approval of N5.8 billion north-east intervention fund. A member of the green chamber had claimed that some members of the house are collating signatures to start impeachment of the vice-president. In 2020, Osinbajo was reported to have collected N4 billion from Ibrahim Magu, former acting boss of the EFCC. The vice-president had labeled the claim “baseless” ...

2Dec

By Mary UgwuanyiNo Comments

Judiciary, News, Nigeria

Court Sentences YPP Guber Candidate To 42 Years Jail Term For Fraud

Bassey Albert, the governorship candidate of the Young Progressives Party, YPP, has been sentenced to 42 years in prison by an Akwa Ibom federal high court for fraud. Albert was arraigned in 2019 by the Economic and Financial Crimes Commission, EFCC, on a six-count charge of allegedly taking possession of six vehicles valued at N204 million when he was Akwa Ibom State finance commissioner. He reportedly obtained one of the cars from Jide Omokore, an associate of Diezani Alison Madueke, former minister of petroleum. See Also: Tweep Remanded In Prison For Criticizing Aisha Buhari It was gathered that Omokore had dealings with the oil-rich state when he gave Bassey the vehicle. The presiding judge, Agatha Okeke, while delivering judgment on Thursday found the accused gui...

<strong>How Naira Redesign May Crash Dollar To N200 – EFCC Boss</strong>

17Nov

By Mary UgwuanyiNo Comments

Economy, Finance, News, Nigeria

How Naira Redesign May Crash Dollar To N200 – EFCC Boss

Chairman of the Economic and Financial Crimes Commission, EFCC, Abdulrasheed Bawa has said that the value of the dollar against the naira may drop to N200 after the redesign of naira notes. The EFCC Chairman disclosed this on Wednesday in an interview with the Hausa service of Deutsche Welle (DW). Recall that the governor of the Central Bank of Nigeria, Godwin Emefiele, had on October 26, announced the plan to redesign the N200, N500, and N1,000 notes of the naira in an attempt to regulate money supply and help security personnel in battling illicit financial flows. The anti-graft agency boss lauded President Muhammadu Buhari for backing the naira redesign policy. Bawa said, “The law says the redesigning of naira notes should be done every eight years but we spent 20 years...