The acting Chairman of the Economic and Financial Crimes Commission (EFCC), Ibrahim Magu, has called on Nigerian universities to review their curriculum to include a course focusing specifically on anti-corruption. He added that the agency is ready to sponsor research work at doctorate level for the next 10 years. “From January 2018 the EFCC will sponsor up to 20 Ph.D. researchers on any aspect of corruption every year, for the next 10 years,” he said, adding that, “we shall also support the publication of research papers relevant to teaching of anti-corruption courses.” Magu, who made this known during a visit to the National…
Author: Kunle Edun
The Federal High Court sitting in Ikoyi, Lagos presided over by a vacation judge, Justice Chuka Obiozor, on Monday, August 7, 2017, ordered the final forfeiture of a $37.5m (N11.75bn) property on Banana Island, Ikoyi, Lagos allegedly belonging to a former Minister of Petroleum Resources, Diezani Alison-Madueke. The order came following an exparte application filed on July 17, 2017 by the Economic and Financial Crimes Commission, EFCC. At the last sitting on July 19, 2017, counsel to the EFCC, A.B.C. Ozioko, while moving the ex-parte application, had urged the court to order the forfeiture of the total sum of US$2,…
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…