The Economic and Financial Crimes Commission, EFCC, has charged stakeholders in the Nigerian capital market to be transparent and operate by the rules guiding the market.Executive Chairman of the EFCC, Mr. Ibrahim Lamorde, gave the charge Tuesday at the Joint EFCC-Nigerian Stock Exchange Awareness Programme in Lagos.Lamorde, who spoke through the Commission’s Deputy Director, Public Affairs Osita Nwajah, observed that the Stock Exchange was the life wire of the ordinary Nigerian, who is daily investing in stocks and shares, and who must be assured that his investments are being handled with utmost integrity and transparency. “….the stock market is literally…
Author: Kunle Edun
The Economic and Financial Crimes Commission, EFCC, has closed its case against the Speaker of the Lagos State House of Assembly, Adeniyi Ikuforiji. Counsel to the EFCC in the N503 scam suit preferred against the Speaker, Godwin Obla, SAN, told a Federal High Court sitting in Lagos on Friday, that he had already presented two witnesses before the court and was satisfied with their testimony. “I am satisfied with the evidence brought so far, I will not be calling more witnesses”, he said. Counsel to Ikuforiji, Wole Olanipekun , SAN, prayed the court for a date in order to file…
Executive Chairman of the Economic and Financial Crimes Commission, EFCC, Mr. Ibrahim Lamorde has said that, cyber security is crucial to the quest for growth and development of the economy.He stated this on Thursday, while delivering a Keynote Address at the National Cybersecurity Forum held in Lagos. According to him, the increasing usage of internet by Nigerians, is heavily strengthening online economy, and buoying up other indices of development across the country. However, the security of the cyber space, he says, becomes imperative, not only to ensure the growth of the economy, but also to safeguard it against local and…
Justice O. A. Adeniyi of the High Court of the Federal Capital Territory, Abuja on Thursday, June 19, 2014, convicted and sentenced the duo of Abdulmalik Suleiman a.k.a Ndanussa Bello and Adabenege Abdulaziz a.k.a Comrade Patrick Ugo to 10 years imprisonment for impersonation, conspiracy, forgery and attempting to obtain money by false pretence.The convicts were arraigned in May 2009 on 11-count charge of attempting to defraud one John Bernand Yusuf of the National Institute for Cultural Orientation (NICO) Abuja by pretending to be operatives of the Economic and Financial Crimes Commission, EFCC. The convicts had asked Yusuf to pay five…
The Economic and Financial Crimes Commission, EFCC, today, June 18, 2014 arraigned one Kelechi Kingsley before Justice Dije Abdu Aboki of Kano State High Court on a four count charge of obtaining money by false pretense.The accused person allegedly hoodwinked one Adamu Ibrahim through a phone call to part with the sum of N370, 000 (Three Hundred and Seventy Thousand Naira Only) under the pretence of awarding him a contract to supply building materials One of the count reads: “That you Kelechi Kinsgley (a.k.a Ajogun Alvan) and Ejike (a.k.a Sulaiman BUK) (At large) sometime in November 2012 at Kano within the…
Justice F.A Ojo of the FCT High Court sitting in Maitama, Abuja today, June 18, 2014 granted bail to Mary Okoh alias Josephine Williams, a business woman who was arraigned by the Economic and Financial Crimes Commission, EFCC, for offences bordering on fraud and forgery.The accused person was granted bail in the sum of N5m (five million naira) and two sureties in like sum. The sureties must have landed properties within the Federal Capital Territory and must swear to affidavit of means. In addition, the accused person is to report to EFCC Head Office on every first and last Monday…
Eleven suspected oil thieves and their vessel were on Monday June 16, 2014 handed over to the Economic and Financial Crimes Commission, EFCC, for further investigation by theNigerian Navy.The suspects and a merchant tanker (MT PETROITTI), formerly known as MB VILVOORDER were handed over to the EFCC by Lieutenant Commander O. C Odaja, who represented the Commander of the Delta Naval Base, Warri. He said the suspects were arrested aboard the vessel sometime in May, 2014, with substances suspected to be crude oil.The suspected oil thieves include: Ephraim Akpan (the captain), Agadagba Ochuko, Clement Tommy, Oyayefa Abonne and Bousou Kereotu.…
A Federal High Court sitting in Lagos on Tuesday, June 17th, 2014 adjourned proceedings in the trial of a former Governor of Enugu State, Chimaroke Nnamani.Justice M.N. Yunusa, in granting the prayers of Counsel to the former Governor, Oluyele Delana, SAN, said that ill- health was an important issue normally considered in criminal matters. Earlier, Delana had informed the court that Nnamani was seriously sick. According to him, the former Governor had undergone “quadruple-bypass, an open heart surgery”. He also said that, “while there is relative success with regards to the heart surgery, he has to undergo slow recovery process”. “A…
The Economic and Financial Crimes Commission, EFCC, on Monday June 16, 2014, arraigned Clifford Nduka Nwachukwu and Jethrow Nigeria Limited before Justice Kudirat Jose of the Lagos High Court, Ikeja on one- count charge bordering on stealing.Nwachukwu’s problems began, sometime in January 2013, when Jethrow Limited, a company owned by him , was awarded a contract to refurbish, rehabilitate and re-install six (6) Steel Skirt Navigational Marking Buoys at Calabar Port, for a total sum of N27million( Twenty-Seven Million Naira only), by Abhal Ventures Limited through Alhaji Abu Mohammed. N15, 000,000(Fifteen Million Naira only) was reportedly given to Jethrow Nigeria…
The Nigerian Army on Friday June 13, 2014 handed over six suspected oil thieves and three vessels to the Economic and Financial Crimes Commission, EFCC, for further investigation and possible prosecution. The suspects; Benard Omoaiwua, Tony Okundia, Osahenrumwen Osaguona, Osaro Arasomwan, Aaron Idahosa Terry, and Blessed Goodluck were arrested by officers of the Guards Brigade, Nigerian Army at the Abaji Military check point, Abuja with three trucks, each loaded with thirty three thousand litres (33,000) of suspected crude oil.Colonel MT Usman said the suspects were arrested on May 31, 2014 on their way to Abuja, from Warri, Delta State.At the…