Tags: efcc

Ex-Bankers Indicted in CBN Mutilated Currency Scam Lied About Bribe Demand from EFCC

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…

Maina To Remain In Prison Till End Of Trial

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,…

How Ex-NBA President, Usoro Received N1.1bn From Akwa Ibom Govt – EFCC Witness

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…

Absence of Fani-Kayode in Court Stalls Trial

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,…

Bank Manager Bags Five Years for N27m Theft

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…

EFCC Insists Saraki’s Ikoyi Property Funded from Kwara Coffers

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…

EFCC Seeks Interpol’s Support on P&ID, Extradition of Treasury Looters

The Economic and Financial Crimes Commission, EFCC, has sought the assistance of the International Police Organisation (Interpol), on the extradition of Nigerian treasury looters and cybercrime suspects, hibernating abroad as well as the fleeing officials of Process and Industrial Developments Nigeria Limited (P&ID). The Acting Chairman of the EFCC Mohammad Umar Abba, made the appeal…

Maina Paid $1.4m for Abuja Property, Pocketed N146m DTA- Witness Reveals

The trial of Abdulrasheed Maina, former chairman, Pension Reform Task Team (PRTT) before Justice Okon Abang of the Federal High Court, Abuja continued in his absence on Tuesday, November 24, 2020 with the prosecution presenting two witnesses. Maina is facing a 12-count charge of operating fictitious bank accounts, corruption, and money laundering to the tune…

EFCC Urges Court to Dismiss Mompha’s No-Case Submission in N32.9bn Fraud Trial

The Economic and Financial Crimes Commission (EFCC) has urged Justice Mohammed Liman of the Federal High Court, sitting in Ikoyi, Lagos to dismiss the no-case submission filed by a suspected internet fraudster, Ismail Mustapha, alias Mompha. Mompha is standing trial over an alleged N32.9 billion fraud. He was re-arraigned on Wednesday, March 4, 2020 alongside…