Three employees of the Central Bank of Nigeria, CBN and three staff of Wema Bank, were on Wednesday, remanded in Agodi Prison, Ibadan for defrauding the apex bank and Wema Bank Plc to the tune of N4,552,560,380.00( Four Billion, Five Hundred and Fifty-Two Million, Five Hundred and Sixty Thousand, Three Hundred Eighty Hundred Naira only).Their remand followed their arraignment by the Economic and Financial Crimes Commission, EFCC, before a Federal High Court, sitting in Ibaban, Oyo State on a 20-count charge bordering on conspiracy, fraud and stealing.The suspects: Kolawole Babalola, Olaniran Muniru Adeola, Toogun Kayode Philip ( all Ex-CBN Staff); …
Author: Kunle Edun
The Economic and Financial Crimes Commission, EFCC, on June 2, 2015 arraigned Friday Isodje before Justice U.N Agomoh of the Federal High Court, Port Harcourt on a 3-count charge bordering on conspiracy, Impersonation, Internet fraud and obtaining money by false pretence.The accused was arrested sometime in 2013 alongside one Eloho Akarah following intelligence report on their lifestyles. The suspect was with a laptop computer containing scam mails. One of the counts read, “That you Friday Isodje, on or about the 10th day of July, 2013, at Port Harcourt within the jurisdiction of this Honorable Court did conspired with one Eloho…
Three employees of the Central Bank of Nigeria and two staff of Sterling Bank of Nigeria, were on Tuesday remanded in prison custody after their arraignment before Justice N. Ayo Emmanuel of a Federal High Court sitting in Ibadan, Oyo State for defrauding the apex bank and two other banks a total sum of N1, 141,303,300( One Billion, One Hundred and Forty One Million, Three Hundred and Three Thousand, Three Hundred Naira only).The suspects: Kolawole Babalola, Olaniran Muniru Adeola, Toogun Kayode Philips- all former staff of the CBN and Salami Ibrahim and Oddiah Emmanuel, both staff of Sterling Bank Plc,…
The extradition process initiated against Franca Asemota, by the office of the Attorney General of the Federation before Justice A. Kafarati of the Federal High Court sitting in Maitama, Abuja came up for mention on Wednesday, May 27, 2015.Asemota is wanted by the UK government for trafficking of minors to Europe using London Heathrow airport as a transit hub. The suspect was arrested by the operatives of the Economic and Financial Crimes Commission, EFCC, on Wednesday, March 24, 2015 in Benin , Edo State on suspicion of money laundering offences. On arrest, checks on Asemota’s profile revealed that, she had…
Six staff of the Central Bank of Nigeria, CBN, implicated in an N8billion defaced and mutilated currency recycling scam, were today remanded in prison custody following their arraignment by the Economic and Financial Crimes Commission, EFCC, before Justice N. Ayo Emmanuel of a Federal High Court sitting in Ibadan, Oyo State.The suspects: Patience Okoro Eye; Afolabi Olufemi Johnson; Ilori Adekunle Sunday; Kolawole Babalola, Olaniran Muniru Adeola and Fatai Adedokun Yusuf, were arraigned on a five -count charge bordering on conspiracy, fraud and stealing. Specifically, the apex bank employees were alleged to have compromised the CBN’s Briquetting exercise, meant to mop…
The Economic and Financial Crimes Commission, EFCC, on Monday, June 1, 2015 arraigned one Mallam Kabiru Jibrin before Justice M.G. Umar of the Federal High Court sitting in Gombe, Gombe State on a three-count charge of obtaining money by false pretense to the tune of N1.56m (One Million Five Hundred and Sixty Thousand Naira).One of the charges read: “That you, Mallam Kabiru Jibrin (M), sometime in September 2013 or thereabout in Gombe, Gombe State, within the jurisdiction of this Honourable Court with the intent to defraud, committed an illegal act to wit: obtaining the cumulative sum of N810,000.00 only through…
As a prelude to the consolidation of all the charges against former Bayelsa State governor, Timipre Sylva, the Economic and Financial Crimes Commission, EFCC, on Monday, June 1, 2015, withdrew the six-count charge of fraud before Justice E. S Chukwu of the Federal High Court sitting in Maitama, Abuja.The withdrawal, according to the Commission, is to allow it consolidate the charges against the former governor, pending before two Federal High Courts in Abuja.In the charge which was withdrawn today, Sylva was being prosecuted by the EFCC for allegedly converting N2bn (Two Billion Naira) worth of properties and resources belonging to…
The Economic and Financial Crimes Commission, EFCC, on Monday, June 1, 2015 arraigned Orji Chidi Festus, an assistant director and head, internal audit, National Gallery of Art, Abuja before Justice Bello Kawu of the High Court of the Federal Capital Territory, Abuja on a 3-count charge of obstructing the Commission’s investigation activities, contrary to Section 38 (2) (a) 0f the EFCC Act 2004.Festus was docked for failing to produce some suspects whom he allegedly stood as surety for in a bid to secure their administrative bail. The suspects: Hazeez Agbaje Esther, Dayo Jimoh and Daniel Madu Bwala who are been investigated…
The Economic and Financial Crimes Commission, EFCC, on Tuesday, May 26, 2015 arraigned Julius Ola Peters, Emeka Iloegbunam, Ijeoma David Alanza, Dinijocs Nigeria Limited and Jonathan Wallang before Justice Ishaq U. Bello of the Federal Capital Territory High Court, sitting in Maitama, Abuja on a 12-count charge bordering on forgery and obtaining money under false pretences to the tune of N207, 000, 000,000 (Two Hundred and Seven Billion Naira).Peters and Iloegbunam, who were former President and Vice- President respectively of the NLNG Staff Bonny Co-operative Investment and Credit Society Limited, alongside Alanza and Dinijocs, allegedly obtained the sum of N1,…
The Economic and Financial Crime Commission, EFCC has concluded arrangement to arraign in court, five top executives of the Central Bank of Nigeria, CBN, implicated in a mega scam involving the theft and recirculation of defaced and mutilated currencies.The suspects drawn from various business units of the apex bank are to be docked by the anti-graft agency before a Federal High Court sitting in Ibadan, Oyo State, from Tuesday June 2, 2015 to Thursday June 4, 2015. They include Patience Okoro Eye( Abuja) , Afolabi Olufemi( Lagos), Kolawole Babalola( Ibadan), Olaniran Muniru Adeola(Ibadan), Fatai Yusuf, Adekunle( Head, Security, CBN, (Ibadan)…
A Federal High Court in Abuja presided over by Justice A. Y. Mohammed, on Wednesday, May 27, 2015 adjourned the N19.2bn fraud case brought by the Economic and Financial Crimes Commission, EFCC, against a former governor of Bayelsa State, Timipre Sylva till June 8, 2015.Sylva along with Francis Okokwo, Gbenga Balogun, and Samuel Ogbuku, are allegedly to have used three companies – Marlin Maritime Limited, Eat Catering Services Limited, and Haloween-Blue Construction and Logistics Limited to move about N19.2 billion from Bayelsa State coffers between 2009 and 2012, under false pretence of using the withdrawn money to augment salaries of…
The Economic and Financial Crimes Commission, EFCC, on May 27, 2015, arraigned one Elder Christopher Andrew Isibor before Justice Ibrahim Buba of the Federal High Court sitting in Lagos on a 3-count charge bordering on conspiracy and illegal dealing in stolen crude oil.The suspect was arraigned sequel to a petition by the Economic and Organized Crime Office, EOCO, Ghana alleging that the accused person is into piracy, stealing and money laundering alongside a Ghanaian marketer, Auxesia Energy Limited. During investigations it was discovered that some Nigeria companies, Earth Petroleum Development Limited, Spiral Oil and Gas Limited, hijacked a Vessel MT…
The Economic and Financial Crimes Commission, EFCC, today May 26, 2015, arraigned Mohammed Dogonyaro Audu (aka Abdullahi Dogonyaro Mohammed) and Yahaya Ayodeji,both staff of the Office of the Accountant General of the Federation, OAGF, before Justice Yusuf Halilu of the High Court of the Federal Capital Territory Jabi, Abuja, on a ten count charge bordering on criminal conspiracy and complicity in award of contact.The duo allegedly abused their offices by floating companies through which they cornered contracts emanating from the Economic Reform and Governance Project, ERGP, domiciled in the office of the Accountant General of the Federation. The accused persons…
The trial of Imaobong Akon Esu-Nte, an accountant with the Nigeria Prisons Service, who is being prosecuted alongside two others by the Economic and Financial Crimes Commission, EFCC, on charges bordering on conspiracy, forgery, abuse of office and money laundering, before Justice E. S Chukwu of the Federal High Court, Maitama, Abuja has been adjourned till June 10.At the resumed hearing of the case on May 25, 2015, Esu-Nte’s counsel, Titus Ashaolu, SAN, brought an application, seeking to quash the charges prferred against the accused. Ashaolu argued that, “the charges and proof of evidence does not disclose a prima facie…
The attention of the Economic and Financial Crimes Commission has been drawn to a report in The Sun newspaper of Tuesday, May 26, 2015, entitled, Jonathan Starved EFCC of Funds- Lamorde, in which the Executive Chairman of the Commission, Mr. Ibrahim Lamorde was quoted as indicting the out-going Jonathan administration of poor performance.The Commission takes exception to this report which is pure fabrication by the author for reason best known to him. In the first place, Lamorde who is currently out of the country did not speak with the media and could not have made the comments attributed to him…
Justice E. S. Chukwu of the Federal High Court sitting in Maitama, Abuja on Monday, May 25, 2015 adjourned hearing in the matter involving Emmanuel Okoyomon, a former Managing Director and Chief Executive Officer, Nigerian Security Printing and Minting Company, NSPM, sine die.Justice Chukwu had on May 4, 2015 ordered the extradition of Okoyomon to the United Kingdom to face charges of corruption and money laundering. Okoyomon’s extradition is being sought by the UK government over his alleged role in the bribery allegation involving officials of Central Bank of Nigeria , CBN, the Nigerian Security Printing and Minting Company, NSPM…
Two staff of the office of the Accountant General of the Federation, Yahaya Yusuf Ayodeji and Mohammed Dogon Yaro Audu, implicated in a N1billion World Bank Government Integrated Financial Management Information System, GIFMIS, fraud are to be arraigned before a Federal Capital Territory High Court, Jabi, Abuja, on Tuesday, May 26, 2015.According to facts emanating from the anti-graft agency, the EFCC, the duo allegedly took advantage of their offices by using the payment platform to award contracts to their companies and those of their cronies The World Bank GIFMIS Project is warehoused in the OAGF. The companies that were discovered…
The Economic and Financial Crimes Commission, EFCC, on Friday, May 22, re-arraigned Opeyemi Ajuah, Majope Investment, Abdullah Alao, Axenergy, and Olarenwaju Olalusi before Justice Lateefa Okunnu of the Lagos High Court sitting in Ikeja, on eight-count amended charge of conspiracy, forgery and obtaining money under false pretense.The suspects were first arraigned before the same court for allegedly obtaining the sum of N1,110,049,444.35( One Billion, One Hundred and Ten Million, Forty Nine Thousand, Four Hundred and Forty- Four Naira, Thirty- Five kobo) fraudulently as subsidy payments for 15,206,733 metric tons of Premium Motor Spirit (PMS) from the Federal Government.At Friday’s re-…
The case involving a former governor of Bayelsa State , Timipre Sylva, being prosecuted by the Economic and Financial Crimes Commission, EFCC, before Justice A. Y Mohammed of the Federal High Court, Abuja , has been adjourned till May 27, 2015.Sylva along with Francis Okokwo, Gbenga Balogun, and Samuel Ogbuku, allegedly used three companies – Marlin Maritime Limited, Eat Catering Services Limited, and Haloween-Blue Construction and Logistics Limited to move about N19.2 billion from Bayelsa State coffers between 2009 and 2012, under false pretence of using the withdrawn money to augment salaries of the state government workers. Since the matter began…
The alleged case of wrongful dismissal brought against the Economic and Financial Crimes Commission, EFCC, by two of its former employees: Juliet Ibekaku, former assistant director, Legal and prosecution and Michael Nzekwe, prosecutor in Legal and Prosecution Department, before Justice Babatunde A. Adejumo of the National Industrial Court, NIC, has been adjourned to May 27, 2015.It will be recalled that, the case was initially scheduled for Monday, May 18, 2015 but, had to be shifted to today for undisclosed reasons. This is the second time within a week, the case will suffer such shift in similar circumstance. Ibekaku and Nzekwe were…