Author: Kunle Edun

The Economic and Financial Crimes Commission (EFCC) has called the attention of the general public to the activities of a band of fraudsters who have been extorting head of ministries, departments and agencies, claiming they were acting at the behest of Ibrahim Magu, acting Chairman of the Commission. No fewer than three ministers have in the last few weeks drawn the attention of the Commission to the activities of this gang of criminals. This information points to a worrisome trend in which criminal groups now use the good name of the chairman of the EFCC to con unsuspecting members of…

The Economic and Financial Crimes Commission (EFCC) has reiterated its commitment to Asset Management Corporation of Nigeria (AMCON), in its drive to recover toxic assets and boost for the nation’s economy. The Acting Chairman of the Commission, Ibrahim Magu delivered the pledge on Thursday, August 3, 2017 while playing host to Ahmed Lawan Kuru, Managing Director, AMCON and his team in his office. According to Magu, “it is in the interest of this country that we support you and work with AMCON.” He blamed the incidence of bad loans especially in the banking sector on insider dealings, adding that it is…

The Economic and Financial Crimes Commission (EFCC) corruption prevention project, Creative Youth Initiative against Corruption (CYIAC) has concluded plan to launch anti-corruption movement in the Diaspora. The event tagged “Diaspora Nigeria Action Against Corruption Initiative (DNA Action)” is earmarked for flag–off on October 1, 2017 to coincide with Nigeria’s national day celebration in collaboration with the Association of Nigerian Professionals in Ireland, Dublin. DNA Action is expected to broaden the coalition of groups abroad committed to tackling corruption, improving Nigeria’s global image with a view to improving the country’s rating on the Transparency International’s Corruption Perception Index, CPI. The group…

Economic and Financial Crimes Commission (EFCC) has called on Nigerian Youths to see the fight against corruption as a course needed to be taken with utmost priority, in order to sustainably address the issue of unemployment and poverty bedeviling the country. John Sendere, Head of Operation, Economic and Financial Crimes Commission (EFCC), Gombe Zonal Office, gave the charge while making a presentation on Thursday, July 27, 2017 at a function organized by the EFCC Anti-Corruption CDS Group in Damaturu, Yobe State. He said: “It is stating the obvious that our country has massive corruption problems that have eroded almost all…

The Economic and Financial Crimes Commission (EFCC)’s Acting Chairman, Ibrahim Magu, has stressed the role of stakeholders as critical to winning the war against corruption in Nigeria. “The fight against corruption is not for EFCC alone, but for all humanity and lovers of good governance because we may all be affected directly or indirectly”, he said. Magu gave the charge in a statement of objective at the opening of a European Union funded project on “Support to Anti-Corruption in Nigeria” at the Chelsea Hotel, Abuja on Thursday, July 27, 2017. The project tagged “Corruption and Human Rights in Nigeria: Realizing…

Joseph Nwobike, SAN is being prosecuted by the Economic and Financial Crimes Commission (EFCC) on 11 counts bordering on perverting the course of justice and offering gratification to public officials. In his ongoing trial before Justice Raliat Adebiyi of the Lagos State High Court sitting in Ikeja continued on Wednesday, July 26, 2017, with the prosecution further confronting him with text messages he had sent to a court official in order to influence some of his cases before the court. At the resumed hearing on Thursday, July 27, the prosecution counsel, Rotimi Oyedepo, tendered a Compact Disc marked exhibit P21…

In the trial of a former governor of Adamawa State, Murtala Nyako, on Thursday, July 27, 2017, a prosecution witness, Evoigbe Chidi had narrated how the former governor of Adamawa State, used own companies to divert state funds during his tenure. The prosecuting counsel, Rotimi Jacobs, SAN, who led the witness in evidence tendered documents detailing the movement of the funds which were admitted as exhibits by the court. Nyako is being prosecuted by the Economic and Financial Crimes Commission, EFCC, on a 37-count charge of conspiracy, stealing, abuse of office and money laundering to the tune of N29billion before…

The Economic and Financial Crimes Commission (EFCC) today July 28, 2017 secured the conviction of one Umar Kabir Danbaba before Justice Nasiru Saminu of the Kano State High Court on a one count charge of Cheating. The convict fraudulently obtained the sum of N1,470,000 (One Million, Four Hundred amd Seventy Thousand Naira )  from the complainant for the purpose of securing and allocating mining site in Zamfara State but instead diverted the money to his personal use. Upon his intial arraignment on 16th June 2017, the convict pleaded not guilty to the nine count charge brought against him by the…

The Economic and Financial Crimes Commission (EFCC) Acting Chairman, Mr. Ibrahim Magu, has called on Civil Society Organizations (CSOs) in the South-South, to brace up in monitoring the integrity and execution of contracts by the Niger Delta Development Commission (NDDC). He made the call on Monday in Port Harcourt, Rivers State at an interactive meeting with leaders of Civil Society Groups in Rivers and Bayelsa States.  According to Magu, the only modality of fighting the evils of  abandonment and poor contract execution of contracts is to be involved in thier monitoring. ‎ “We must monitor how contracts are being given…

Nigeria’s anti-corruption czar, Economic and Financial Crimes Commission (EFCC) through her Kano Office has recovered a sum of N328,988,296,990.62 (Three Hundred and Twenty Eight Billion, Nine Hundred and Eighty Eight Million, Two Hundred and Ninety Six Thousand, Nine Hundred and Ninety Naira, Sixty Two Kobo) from nine major oil marketers across the country. The recovery was sequel to a petition against the leadership of Nigeria National Petroleum Corporation, NNPC and its subsidiary, Pipelines and Product Marketing Company, PPMC. The petition alleged that a whooping sum of N40billion had been diverted by the major oil marketers in connivance with the leadership…

The Economic and Financial Crimes Commission (EFCC) yesterday returned a parcel containing a Camcorder to the Federal Office of Criminal Investigation, Germany, also known as BKA, for onward delivery to a German, David Muehling. The Canon E0S C100 Camcorder was returned to the BKA through its representative in Lagos, Damilola Adewale, by the Head of Operations, EFCC Lagos zonal office, Garba Dugum. The Commission recovered the parcel, following a petition received from the BKA on July 20, 2017. The BKA had notified the Commission about the encounter of a German businessman, David Muehling, who was allegedly duped by a Nigerian…

The Federal High Court sitting in Ikoyi, Lagos on Wednesday, July 26, 2017 and presided over by a vacation judge, Justice Chuka Obiozor, has granted an application filed by a former Federal Capital Territory (FCT) Minister, Olajumoke Akinjide, for the release of her international passport to enable her travel abroad for medical treatment. kinjide and one Olanrewaju Otiti had been arraigned on June 22, 2017 before Justice J.O. Abdul-Malik of the Federal High Court sitting in Ibadan, Oyo State on an amended 12-count charge bordering on money laundering to the tune of N650million. The accused allegedly conspired to receive the…

The ongoing trial of Joseph Nwobike, a Senior Advocate of Nigeria, SAN, before Justice Raliat Adebiyi of the Lagos State High Court sitting in Ikeja continued Friday July 21, 2017, with the prosecution confronting him with various text messages he sent to a court official in order to influence the cases he was handling. Nwobike is being prosecuted by the Economic and Financial Crimes Commission (EFCC) on 11 counts bordering on perverting the court of justice and offering gratification to public officials. One of the counts reads: “That you Nwobike, on the 19th day of March, 2015 in Lagos, within…

Justice J.E. Oyefeso of the Lagos State High Court sitting in Ikeja, Lagos has convicted and sentenced a businessman, Segun Oyekanmi, Managing Director, Loben Investment Co-operative Multi-purpose Society Limited, to five years imprisonment for N30million fraud. The convict alongside his company and  one Ade Bosede ( still at large) had been arraigned on October 26, 2016 on a three-count charge bordering on stealing, conspiracy to steal and issuance of dishonoured cheques to the tune of N30 million. The convict had collected the sum of N30m (Thirty Million Naira) from one Olufunke Dada, with an assurance that he wanted to give…

A suspected credit card fraudster, who allegedly masterminded the theft of $5,400 Canadian Dollars from  a catering entertainment outfit in Brantford, Canada has been arrested by the Economic and Financial Crimes Commission (EFCC). The fraud came to light after a young Nigerian undergraduate of Thompson Rivers University in British Columbia,Tony Ifeoluwa Adebero  was arrested in Toronto, Canada on charges of wire fraud. The youngster who was expecting to receive his tuition from his dad, Mr Adebero Oyewole, did not suspect fraud when his account was credited by his bank. He however became worried when few days after, he got a…

The Economic and Financial Crimes Commission (EFCC) is to appeal the July 20, 2017 Court of Appeal ruling, which acquitted a former Adamawa State governor, Bala Ngilari, of the five-count charge of corruption, which the state’s High Court had on March 6, 2017 found him guilty of, and sentenced him to five years in jail. Ngilari was arraigned before Justice Nathan Musa on a 17-count charge in September 2016, and after going through 52 exhibits tendered by the EFCC, as well as the testimony of six witnesses, the trial judge found him guilty of five out of the counts, and…

The assistance of the Economic and Financial Crimes Commission (EFCC) has been sought by the Nigerian Products Marketing Company (formerly Pipelines and Products Marketing Company), a subsidiary of the Nigerian National Petroleum Corporation (NNPC) in tackling sundry financial malpractices in the downstream sector of the Nigerian oil industry. Umar Adiya, the managing director of the company made the plea when he led senior management staff of the organization on a courtesy visit to the EFCC head office on Friday July 21, 2017. Adiya lauded the Commission for its giant strides towards eradicating corruption in the country. He said the visit…

The Nigeria Social Insurance Trust Fund (NSITF) led by Barrister Adebayo Somefun has expressed its determination to identify with the anti-corruption drive of the Economic and Financial Crimes Commission (EFCC). Somefun, during a visit to the Commission on Thursday, July 20, 2017 said that, “the new management of NSITF is solidly behind the EFCC in its bid to change the country for better, as change itself is inevitable”. According to him, “In order for Nigeria to rise above the present gloomy economic times, Nigerians need to view problems as the optimistic who sees opportunities in difficulties in contrast to the…

The management of the National Youth Council of Nigeria (NYCN) on July 20, 2017 expressed its willingness to partner with the Economic and Financial Crimes Commission (EFCC) in its bid to promote the anti-corruption initiative in Nigeria. Haruwa Okatahi, Director of Employment, Social Security and Skill Acquisition, NYCN, made this known when he led a team of management staff on a visit to the Abuja head office of the EFCC. According to him, “The NYCN is an umbrella body which represents youths across the 36 States including FCT with strong presence in the Local Government Areas and numerous wards nationwide.…

The Court of Appeal in Lagos today dismissed the appeal brought by Government Ekpemupolo alias Tompolo against the Economic and Financial Crimes Commission (EFCC) over the Bench Warrant issued against him by Justice Buba of the Federal High Court in Lagos. It will be recalled that on 15 December, 2015 the EFCC instituted a Criminal Charge against Tompolo and 9 others. The Commission, through its counsel Festus Keyamo, could not serve Tompolo personally with the summons. On January 12, 2016 Keyamo applied and obtained an order for substituted service of the said summons by pasting same on Tompolo’s last known…