Ibrahim Magu, acting chairman of the Economic and Financial Crimes Commission, EFCC is obviously in some sort of trouble. First, on Monday it was reported that he had been arrested by the Directorate of State Service, DSS. But the DSS later issued a statement denying the arrest. It said the anti-corruption boss was not in…
Magu, EFCC Chairman Arrested By DSS
Ibrahim Magu, the acting chairman of the Economic and Financial Crimes Commission, EFCC has been arrested by operatives of the Directorate of the State Services, DSS early Monday morning. Though the initial reports of the arrest indicated that he was arrested based on the allegations that dated back to 2010 and 2016, it is said…
EFCC Renews Call for Special Courts to Try Corruption Cases
As Benin Zonal Office recovers over N300 million, secures 88 Convictions, Forfeiture of 14 Exotic Cars. The acting Head of the Benin Zonal Office of the Economic and Financial Crimes Commission, EFCC, Ahmed Danmusa (PhD) has expressed frustration at the delay in the prosecution of corruption cases by the anti-graft agency and renewed the call…
War Against Corruption or War Against Opposition?
President Muhammadu Buhari’s war against corruption is yielding visible results yet more money is being looted from government treasury than ever while loyalists and core APC members appear exempted from prosecution. Five years into the eight President Muhammadu Buhari has to leave indelible marks on the sands of time, some loyalists are getting worried that…
N118bn Unlawful Withdrawals: Rivers State Insists on Not Releasing Officials to EFCC
Rivers State Government has insisted that it would not release any government official to the Economic and Financial Crimes Commission (EFCC) for any investigation. The Commissioner for Information and Communication, Paulinus Nsirim, said apart from the fact that the state government would not submit to a media trial of its officials by the EFCC, there…
EFCC Condemns Supreme Court Judgment on Orji Kalu
Says it is ready for immediate re-trial of case. The Economic and Financial Crimes Commission, EFCC, has swiftly reacted to the Supreme Court’s nullification of the conviction of Orji Uzo Kalu, former governor of Abia State, his firm, Slok Nigeria Limited, and Jones Ude Udeogo, finance director in government house, Umuahia, by a Federal High…
How EFCC, FBI Traced Over N.6 Bn to Suspected Female Cyber Fraudster
A joint operation by the Benin Zonal Office of the Economic and Financial Crimes Commission, EFCC, and the Federal Bureau of Investigation, FBI, has led to the arrest of a female suspected cyber fraudster to whom 185 Bitcoin with a market value of N656,371,490 had been traced. Disclosing this to newsmen Monday in Benin, Muhtar…
EFCC Seals Ponzi scheme office in PH
The owner of a Ponzi scheme company based in Port Harcourt, Neeni Swanu, is on the run following the closure of his office by the Economic and Financial Crimes Commission, EFCC, Port Harcourt’s Zonal Office. Operatives of the anti-graft agency, however, arrested 19 staff of the investment company. The EFCC said the company had defrauded…
Why EFCC Arraigned Ex-INEC Chair, Maurice Iwu
The Economic and Financial Crimes Commission, EFCC, on Thursday, arraigned a former Chairman of the Independent National Electoral Commission, INEC, Prof. Maurice Iwu, before Justice Chuka Obiozor of the Federal High Court sitting in Ikoyi, Lagos on a four-count charge bordering on money laundering to the tune of N1.2 billion. According to the EFCC, Iwu,…
Why FG Delays Payment of Whistleblower
The Federal Government has given reasons for the delay in fulfilling its obligation to the Whistleblower, who provided the tips that led to the recovery of funds stashed away in a property in Ikoyi, Lagos earlier this year. Finance Minister, Kemi Adeosun while giving reasons for the delay in payment, explained that the Ministry…