Two owners of a nightclub have been arrested for alleged internet fraud in Lagos State, Nigeria’s commercial hub by the EFCC. The suspects – Boniface Odenigbo Amandianeze and Olasunmbo Olawale Winfunke – were nabbed by operatives of the Economic and Financial Crimes Commission (EFCC). EFCC spokesman, Wilson Uwujaren confirmed this via a statement issued onContinue Reading
President Muhammadu Buhari on Tuesday, February 16, announced the nomination of AbdulRasheed Bawa as the substantive chairman of the Economic and Financial Crimes Commission (EFCC). This nomination of Bawa was contained in Buhari’s letter of nomination to the Nigerian Senate for confirmation. “President Buhari has asked the Senate to confirm Mr. Abdulrasheed Bawa as substantive chairman of EFCC,” Presidency tweeted. According toContinue Reading
Embattled social media sensation, Mompha real name Ismaila Mustapha has reportedly filed a lawsuit against EFCC following his rearrest on Friday, August 14. 4wardwego gathered that Mompha has set in motion a N5 million lawsuit against the Economic and Financial Crimes Commission, EFCC over his recent arrest. Recall it was earlier reported that MomphaContinue Reading
The Economic and Financial Crimes Commission (EFCC) on Monday, August 3, secured the final forfeiture of N827, 679,098.32 from Flank Power Resources Limited, and GMFD Ventures Limited; both linked to contractors with the Niger Delta Development Commission (NDDC). This was contained in a statement issued by the EFCC Head, Media, andContinue Reading
The suspended acting chairman, Economic and Financial Crimes Commission (EFCC), Ibrahim Magu, on Thursday, July 16, refuted allegations that he gave N4 billion to Vice President Yemi Osinbajo. Magu lampooned the claims as an attempt to tarnish the image of the Vice President. The suspended EFCC boss, who was freed from detention onContinue Reading
There was apprehension yesterday at the headquarters of Economic and Financial Crimes Commission (EFCC) following the suspension of the commission’s secretary, Olanipekun Olukoyede and 12 directors. Their suspension was part of the recommendations by the presidential panel investigating allegations of graft and misconduct against the suspended EFCC acting chairman, IbrahimContinue Reading
Magu couldn’t account for interest on N550bn recovered loot – Panel. The suspended acting Chairman of the Economic and Financial Crimes Commission (EFCC), Mr Ibrahim Magu, may be facing fresh cases of alleged re-looting of funds recovered by the commission as well as bribery. The News Agency of Nigeria (NAN)Continue Reading
A report by the Presidential Probe Panel has revealed details of how the suspended acting Chairman of the Economic and Financial Crimes Commission (EFCC), Ibrahim Magu, allegedly used a pastor to launder funds abroad. 4wardwego reports that Magu is currently being interrogated by a panel headed by retired Justice Ayo Salami. TheContinue Reading
The Department of State Services (DSS) on Monday, July 6, slammed reports which went viral earlier in the day regarding the arrest of Mr Ibrahim Magu; the acting Chairman of the Economic and Financial Crimes Commission (EFCC). This was contained in a statement issued by the Service’s Public Relations Officer, Peter Afunanya. Due to inquiriesContinue Reading
Acting Chairman of the Economic and Financial Crimes Commission (EFCC), Ibrahim Magu,, has been arrested by the Department of State Services (DSS). Sahara Reporters say he was arrested over allegations that he owns four properties. He is also alleged to have transferred funds abroad through a third party. In 2016,Continue Reading