An employee of the First City Monument Bank (FCMB), Felix Diete, has been convicted and sentenced to four years imprisonment. Felix Diete was jailed on Monday, January 11, 2021 by Justice Jane Inyang of the Federal High Court sitting in Yenagoa, Bayelsa State after four years of diligent prosecution by the Port Harcourt zonal office…
The Lagos Zonal Office of the Economic and Financial Crimes Commission, EFCC on Thursday secured the jailing of two lawyers, Sogo Akinola and Feranmi Akinluyi for their involvement in fraudulent activities. The two lawyers were convicted and sentenced to two years’ imprisonment by Justice Oluwatoyin Taiwo of the Special Offences Court sitting in Ikeja, Lagos.…
The trial of a self-styled herbalist, Alfa Jamiu Isiaka, who allegedly impersonated the Special Adviser to the President on Media and Publicity, Femi Adesina and a former Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Maikanti Baru, to defraud a South Korean National, Keun Sig Kim to the tune of N30million, resumed on…
The Lagos Office of the Economic and Financial Crimes Commission, EFCC, has secured the conviction and sentencing of five illegal oil thieves. They were sentenced to one year imprisonment each before Justice Rilwan Aikawa of the Federal High Court sitting in Ikoyi, Lagos The convicts, who are all Indian nationals, are: Visal Guleria, Pranjal Singh,…
The Economic and Financial Crimes Commission, EFCC has denied claims that its investigators pressured former bankers, standing trial for allegedly defrauding of the Central Bank of Nigeria in the mutilated currency scam, for a bribe of N96 million for their release on bail. Three former bankers, Ayodele Adeyemi, Ishaq Akano and Ajiwe Adegoke had in…
A federal high court in Abuja has ordered that ex-chairman, Pension Reform Task Team, (PRTT), Abdulrasheed Maina be remanded in prison custody till the end of his trial. The judgment by Justice Okong Abang on Friday, December 4, 2020 come barely 24hrs after Maina was extradited to Nigeria following arrest in Niger. According to Abang,…
The second prosecution witness (PW2), Abdulrahman Arabo, in the ongoing trial of Paul Usoro, SAN, a former President of the Nigerian Bar Association, NBA, for alleged N1.4bn fraud, on Wednesday 3, 2020, told Justice Rilwan Aikawa of the Federal High Court sitting in Ikoyi, Lagos how the defendant received a sum of N1.1bn from the…
The trial of former Aviation Minister, Femi Fani-Kayode, before Justice John Tsoho of the Federal High Court, Abuja, for money laundering could not hold on Wednesday, December 2, 2020 due to his absence in court for the third consecutive time. Fani-Kayode is facing a five-count charge of money laundering to the tune of N26 million,…
Justice Adie A. Onyebueke of the Cross River State High Court, Akamkpa, has sentenced one Augustine Effiong Bassey to five years imprisonment for stealing N27 million, belonging to a microfinance bank, where he was a branch manager. He was prosecuted by the Enugu Zonal Office of the Economic and Financial Crimes Commission, (EFCC), on a…
An investigator with the Economic and Financial Crimes Commission, EFCC, Olamide Sadiq, has told Justice Mohammed Liman of a Federal High Court, Ikoyi, Lagos, that properties located at 17 and 17A McDonald Road, Ikoyi, Eti-Osa Local Government Area, owned by a former Senate President and ex-governor of Kwara State, Bukola Saraki, are believed to have…