Tag: EFCC - Page 2 - African News Today

EFCC Arrests Kogi House Of Assembly Candidate With N326m, $140,500 Cash

2Nov

By Mary UgwuanyiNo Comments

Crime, Finance, News, Nigeria

EFCC Arrests Kogi House Of Assembly Candidate With N326m, $140,500 Cash

The Economic and Financial Crimes Commission, EFCC, has nabbed a Kogi State House of Assembly candidate of the New Nigeria Peoples Party, NNPP, identified as Ismaila Yusuf Atumeyi with about N326million and $140,500 in cash. This was contained in a statement issued by Wilson Uwajaren, the Head, Media and Publicity of the commission, on Tuesday. See Also: EFCC Recovers 1.4 Billion Naira Meant for The NHIS The antigraft agency said the NNPP candidate who is vying for the Ankpa II Constituency in the Kogi State House of Assembly, was arrested on Sunday. Atumeyi was arrested alongside an alleged serial scammer identified as Joshua Dominic, in an operation carried out at Macedonia Street, Queens Estate, Karsana, Gwarinpa area of Abuja. According to the commission, the arre...

17Aug

By Osaretin BalogbanNo Comments

Law Enforcement, News, Nigeria

EFCC Recovers 1.4 Billion Naira Meant for The NHIS

The Economic and Financial Crimes Commission, EFCC, reveals that a sum of N1.4 Billion which was meant for the National Health Insurance Scheme (NHIS), has been recovered. The commission made a statement on its official Twitter page which said the sum was included in the funds that some commercial banks wrongly refused to remit to the Treasury Single Account since 2015. See Also: Osun Elections: EFCC Deploy Operatives To Checkmate Vote Buying EFCC also reveals something similar occurred on the 10th of February 2022 and a further N1.5 billion was recovered. The statement says the funds had been rightly disbursed to the NHIS on the 5th of August 2022. Source: Daily Post

Naira Pegged at N680/$1 as Currency’s Depreciation Continues

11Aug

By Osaretin BalogbanNo Comments

Economy, Finance, News, Nigeria

Naira Pegged at N680/$1 as Currency’s Depreciation Continues

The Naira further devalues as it hits N680 per $1 at the parallel section of the foreign exchange market. According to the Bureaux De Change operators also known as ‘abokis’, the naira has depreciated by N15 or 2.3 percent trading at N680 per dollar in the parallel market. As of last week, the naira was devalued to N665 per dollar as the buying price and N680 per dollar as the selling price at the street market. See Also: Bakers on The Verge of a Nationwide Strike “Demand is high, and there is no dollar. If you tell a customer to sell a dollar to you for N650, he will tell you that he saw it online for N670 or N675. We also have to make our gain. We are buying and selling to make a profit,” a trader at the Ikeja market told The Cable. However, On the official marke...

EFCC: Car Dealer Sentenced to Five Years in Prison

23Jul

By Osaretin BalogbanNo Comments

Crime, Law Enforcement, News, Nigeria

EFCC: Car Dealer Sentenced to Five Years in Prison

Umar Muhammad was sentenced to five years in prison by a Federal High Court in Sokoto for violating the regulations of the Economic and Financial Crimes Commission (EFCC). The offender was found guilty by the court for failing to present his declaration of activities. This is required by the EFCC for customer identification and elaboration of returns on transactions to the Special Control Unit against Money Laundering (SCUML). See Also: Osun Elections: EFCC Deploy Operatives To Checkmate Vote Buying The defendant pleaded guilty to the charge as the Judge, Justice Ahmed Mahmud noted that the pleas of the offender were considered as it was his first time committing such an offence. However, the defendant was given an option to relinquish the jail term by paying a fine of N12...

Okorocha Yet To Meet Bail Conditions, May Miss APC Presidential Screening

31May

By Obiajulu Joel NwoluNo Comments

Elections, News, Nigeria

Okorocha Yet To Meet Bail Conditions, May Miss APC Presidential Screening

The embattled former Governor of Imo State and one of the presidential aspirants of the ruling All Progressives Congress (APC), Senator Rochas Okorocha, is still in the custody of the Economic and Financial Crimes Commission (EFCC) as he has not been able to meet his bail conditions. Justice Inyang Ekwo of the Federal High Court on Monday granted Okorocha, who was arrested by the anti-graft agency over alleged N2.9 billion fraud, bail of N500 Million with a surety in the same amount. However, while the screening of the APC presidential aspirants which started on Monday is expected to end on Tuesday (today), EFCC’s Public Relations Officer, Wilson Uwujaren, told Punch that the former governor who paid N100 million for the party’s presidential expression of interest and nomination...

EFCC Operatives Storm Okorocha’s Abuja Residence, Arrest Him

25May

By Obiajulu Joel NwoluNo Comments

Corruption, Finance, News, Nigeria

EFCC Operatives Storm Okorocha’s Abuja Residence, Arrest Him

Economic and Financial Crimes Commission (EFCC), yesterday, arrested the former Imo State governor and presidential aspirant, Rochas Okorocha, at his Maitama, Abuja residence. Though the security operatives met stiff resistance from the supporters of the former governor, tear gas was fired to disperse them to effect the arrest. The anti-graft agency said it laid siege to the home of the former governor to arrest him, accusing him of jumping bail granted him by the commission. EFCC’s spokesperson, Wilson Uwujaren, in a statement, said the move followed the refusal of Okorocha to honour invitations after jumping the administrative bail earlier granted him by the commission. Read Also: EFCC Arrests Accountant General, Idris For Alleged N80b Fraud According to Uwujaren, th...

EFCC Arrests Accountant General, Idris For Alleged N80b Fraud

17May

By Obiajulu Joel NwoluNo Comments

Corruption, Finance, News, Nigeria

EFCC Arrests Accountant General, Idris For Alleged N80b Fraud

EFCC Operatives of the Economic and Financial Crimes Commission (EFCC) have arrested serving Accountant General of the Federation (AGF), Ahmed Idris, in connection with diversion of funds and money laundering activities to the tune of N80 billion. He was arrested yesterday in Kano State and was immediately moved to Abuja last night. EFCC spokesperson, Wilson Uwujaren, confirmed the arrest in a statement. He said the funds were allegedly laundered through real estate investments in Kano and Abuja. “The Commission’s verified intelligence showed that the AGF raked off the funds through bogus consultancies and other illegal activities using proxies, family members and close associates,” Uwujaren said. According to sources, after progress was made in the investigation, Idris was su...

EFCC Grills Cubana Chief Priest On Tax Fraud, Money Laundering Allegations

3Apr

By Chinedu IbeakanmaNo Comments

Law Enforcement, News, Nigeria

EFCC Grills Cubana Chief Priest On Tax Fraud, Money Laundering Allegations

EFCC The Economic and Financial Crimes Commission has reportedly arrested popular socialite, Pascal Okechukwu, known better as Cubana Chief Priest for alleged tax fraud and money laundering. Okechukwu, who was arrested at the Lagos airport on Thursday, is being quizzed by anti-graft operatives while the agency was said to be on the hunt for his accomplices. It was gathered that only his wife and family members were allowed to see him since he was taken into custody. Read Also: EFCC Punishes Officer Behind Leaked Video Of Willie Obiano Reports say that he may be granted administrative bail this week. The EFCC spokesman, Wilson Uwujaren, could not be reached for comment on Sunday. Okechukwu’s arrest is coming weeks after his acolyte, Obinna Iyiegbu, known as Obi Cubana,...

Obiano Meets Bail Conditions, May Regain Freedom Today

24Mar

By Chinedu IbeakanmaNo Comments

Corruption, News, Nigeria

Obiano Meets Bail Conditions, May Regain Freedom Today

The former governor of Anambra State, Willie Obiano, may soon regain his freedom from the custody of the Economic and Financial Crimes Commission. A source told The Guardian that the former governor has met the administrative bail conditions given to him by the anti-graft agency. A senior official at the commission told The Guardian that a thorough verification of some of the documents Obiano submitted in fulfilment of the bail terms was being carried out by operatives of the commission. It was gathered that the former governor had been ordered to produce two directors on grade level 17 in the Federal Civil service as one of his bail conditions. Another condition is that the two Federal directors must be landlords in Maitama, Asokoro or the Wuse district of Abuja. “We a...

23Mar

By Chinedu IbeakanmaNo Comments

Corruption, Crime, Information Technology, News, Nigeria

EFCC Arrests 33 Internet Fraud Suspects

Operatives of the Lagos and Enugu Zonal Commands of the Economic and Financial Crimes Commission on Tuesday arrested 33 internet fraud suspects in separate sting operation. Seventeen of the suspects were arrested in Lagos while 16 others were nabbed at Enugu. The 17 suspects arrested in Lagos are Adefila Ayobami Ezekiel, Anamene Somtochukwu, Nzeako Kosisochukwu Anthony, Afolabi Ayomide Henry, Olatona Ayodeji Ebenezer, Obioho Ikenna Raphael, Famolayo Femi Hammed, Mintah-Joshua Oluwafemi, Martins Victor Onuoha, Babatunde Haruna Oluwaseyi, Taiwo Bolaji Kehinde, Ibeakolam Goodluck, Onaolapo Iyanu Samuel, Jamiu Damilola Lawal, Adeyanju Fawaz, AdejideSamuel and Obioho Obinna. They were arrested in an Estate around the Ikota axis of Lagos following credible intelligence received by ...