The Economic and Financial Crimes Commission, EFCC, Ibadan Zonal Command on Tuesday, October 12, 2021, arraigned one Toluwalade John Olateru Olagbegi before Justice Uche Agomoh of the Federal High Court one sitting in Ibadan on one count charge bordering on obtaining money by false pretence to the tune of Thirty Five Million Five Hundred Thousand…
Justice Okon Abang of the Federal High Court sitting in Abuja, today, Thursday, October 7, 2021, convicted and sentenced the son of former Chairman of the defunct Pension Reform Task Team, PRTT, Abdulrasheed Maina, Faisal, to 14 years imprisonment. The Court found Faisal guilty on a three-count charge of money laundering brought against him by…
The Senate has confirmed the appointment of five nominees as members of the Economic and Financial Crimes Commission (EFCC) Board. The confirmation followed the consideration of a report by the Committee on Anti-Corruption and Financial Crimes. The Senate received a request from President Muhammadu Buhari on September 21, 2021, to confirm the appointments of the…
Justice Chukwujekwu Aneke of the Federal High Court sitting in Ikoyi, Lagos, on Tuesday adjourned till October 15, 2021 for hearing of all applications in respect of the Kogi State N20bn salary bail-out account domiciled in Sterling Bank Plc. On August 31, 2021, Justice Tijani Garba Ringim had ordered the freezing of the account, following…
The Peoples Democratic Party has called for the immediate resignation and prosecution of the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele. The call is against the background of allegations made by the All Progressives Congress (APC) that Mr. Emefiele superintended over massive looting of funds in the Apex Bank. The party made…
Justice Sikiru Oyinloye of the Kwara State High Court sitting in Ilorin has imposed one-year imprisonment on one of the players of Ibrafix Football Club, Ilorin, Baraye Bamidele Saoban, for offences bordering on love scam. Baraye, 25, who hails from Ilorin, was jailed alongside one Adaraloye Ezekiel, a native of Osi, Ekiti Local Government Area…
The Economic and Financial Crimes Commission, EFCC, has warned hotel owners across the country to be wary of allowing internet fraudsters to congregate or hibernate around their facilities. The Commission gave the warning on Tuesday September 14, 2021 on the heels on an operation by the Ibadan Zonal Command of the agency that led to…
The Kaduna Zonal Command of the Economic and Financial Crimes Commission, EFCC, has arraigned two siblings for allegedly diverting donations of over N55m meant to assist cancer patients. The duo, Michael Yusuf Michael and Martha Daniel Yusuf were arraigned before Justice Hannnatu A.L Balogun on an eight count charge bordering on obtaining by false pretence.…
The Maiduguri Zonal Command of the Economic and Financial Crimes Commission, EFCC, on Tuesday, September 7, 2021 arraigned one Bukar Mohammed before Justice Aisha Kumaliya of the Borno State High Court, Maiduguri. He was arraigned on a one-count charge of obtaining by false pretence to the tune of N43, 328, 000.00 (Forty-Three Million, Three Hundred…
The Lagos State High Court sitting in Ikeja has ordered the freezing of the assets and funds to the tune of N19, 178, 253,050 belonging to a convicted former Managing Director of the defunct Bank PHB Plc, Francis Atuche. Justice Lateefat Okunnu gave the order on Tuesday, August 31, 2021, following an ex parte application…