EFCC Politics - New Nigerian Politics | New Nigerian Politics

How bank funded Akingbola’s foreign exchange transaction –EFCC

Posted by admin EFCC Politics Tuesday, June 26th, 2012

Economic and Financial Crimes Commission on Tuesday alleged that money belonging to Intercontinental Bank Plc (now Access Bank Plc) was used to fund a purchase of foreign exchange by former Managing Director of the bank, Dr. Erastus Akingbola. Counsel for the EFCC, Mr. Emmanuel Ukala, alleged that the series of transactions leading to the foreign […]

CBN engages EFCC on e-payment fraud •As US gives grant to CBN for shared services project

Posted by admin American Politics, CBN (Central Bank of Nigeria), EFCC Politics Monday, June 25th, 2012

To effectively check fraud in the electronic payment (e-payment) channels, the Central Bank of Nigeria (CBN) and relevant stakeholders have co-opted the Economic and Financial Crimes Commission (EFCC) into the Nigeria Electronic Fraud Forum (NEFF). According to CBN’s Head of Shared Services, Mr Chidi Umeano, the decision to involve EFCC in NEFF is to ensure […]

Suspected Italian fraudster dies in EFCC custody

Posted by admin EFCC Politics, Headlines Wednesday, June 20th, 2012

June 20, 2012 by Friday Olokor, Abuja A 52-years-old Italian, Mr. Mauro Zanin, was on Tuesday found dead in his detention room at the Economic and Financial Crimes Commission headquarters in Abuja two days before his planned arraignment. Spokesman for the EFCC, Mr. Wilson Uwujaren, confirmed the incident, saying the Italian was “found motionless in […]

EFCC arraigns 2 over N120m World Bank loan scam

Posted by admin EFCC Politics Friday, June 15th, 2012

THE Economic and Financial Crimes Commission (EFCC), on Thursday, arraigned Mr Adegboye London and Mr Sylvanus Benedict before an Abuja High Court for alleged criminal breach of trust and fraudulent conversion of funds totalling N120 million. The duo pleaded not guilty to the two-count charge tabled before Justice Idris Kutigi. Before taking their plea, the […]

Opinion: How to make Nigeria a bribery-free society

Posted by admin EFCC Politics, Headlines Friday, June 8th, 2012

Bribery is an all pervasive phenomenon; and most people in the country engage in it one way or another on a regular basis. It is the linchpin of all financial crimes, yet it is a highly elusive concept, so much that countries around the world have struggled to pin it down with any degree of […]

FG not implementing anti-corruption laws – US

Posted by admin American Politics, EFCC Politics, Latest Politics Friday, June 8th, 2012

LAGOS—The United States, yesterday, dismissed Nigeria’s war against corruption alleging “massive widespread and pervasive corruption affected all levels of government and the security forces”. In its 2011 Country Reports on Human Rights Practices, which was submitted to Congress by Secretary of State Hillary Rodham Clinton, it said the law provides criminal penalties for official corruption; […]

EFCC arraigns Sylva for N6.46 billion fraud

Posted by admin Bayelsa, EFCC Politics, Headlines, State News Tuesday, June 5th, 2012

Abuja -The Economic and Financial Crimes Commission (EFCC) on Tuesday arraigned Timipre Sylva, ex-governor of Bayelsa at the Federal High Court in Abuja. Sylva is standing trial for alleged misappropriation of N6.46 billion state funds. The anti-graft agency had in a suit number HC/ABJ/CR/23/2012, claimed that Sylva and others now at large and committed the […]

EFCC Docks Banker for N125m Scam

Posted by admin EFCC Politics Saturday, June 2nd, 2012

EFCC Chairman, Ibrahim Lamorde By Ike Abonyi The Economic and Financial Crimes Commission, EFCC, has arraigned a former female banker, Mrs. Marilyn-Joan Obiora before Justice Umar of the Federal High Court sitting in Umuahia, Abia State on a 15 count charge bordering on conspiracy and fraud. EFCC said the suspect is standing trial […]

Oil theft: Navy, EFCC hand over seized vessels to firm

Posted by admin Armed Forces, EFCC Politics Saturday, June 2nd, 2012

The Nigerian Navy, the Economic and Financial Crimes Commission and the Ministry of Petroleum Resources, have transferred two vessels, MT Beskid and MT Hope, impounded for oil theft to an indigenous firm, Fenix Impex Nig. Ltd. Our correspondent gathered that the ships were handed over on Wednesday to the firm by the Flag Officer Commanding, […]

EFCC, bank to pay guard N5m

Posted by admin EFCC Politics Friday, June 1st, 2012

NO fewer than 45 persons have been arraigned for post-presidential election violence that swept across some northern states. Kaduna State Attorney General and Commissioner for Justice, Jonathan Adamu, said on Thursday the 45 persons were among the 380 arrested by the police in connection with the crisis. He added that the police were still investigating […]