Tag Archives: Economic and Financial Crimes Commission

Money Laundering: EFCC Places Fayose On Watch List

On Saturday, 15th September 2018 the Economic and Financial Crimes Commission (EFCC) announced that it had placed Ekiti State Governor, Mr. Ayodele Fayose, on the watch-list. This was contained in a letter written and signed by Chairman of the Commission, Mr. Ibrahim Magu, to the Comptroller-General of Customs dated September 12, 2018 titled: “Request for…

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Zenith Bank GMD Peter Amangbo Detained For Aiding Fraud, Corruption

The Group Managing Director of Zenith Bank Plc, Peter Amangbo, has been implicated in a money laundering scheme by the Economic and Financial Crimes Commission(EFCC) for allegedly aiding Rivers State Governor, Nyesom Wike, launder over a 100 billion naira since 2015 from the state’s treasury. Mr. Peter Amangbo was taken into custody over the weekend by the EFCC for failing to properly document the suspicious transactions…

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How Omokore, Diezani’s Ally Bought 23 Cars For Muazu, 25 For Secondus – Witness

The Economic and Financial Crimes Commission, on Thursday presented its fifth prosecution witness, Oloyede Olawale, in a $1.6billion fraud trial involving Jide Omokore, described as an ally of former Petroleum Minister, Diezani Allison Madueke, before Justice Nnamdi Dimgba of the Federal High Court sitting in Maitama, Abuja, According Vanguard. In the dock, Olawale told the…

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EFCC Arrests Former Amnesty Chief, Boroh, Seizes $9m From Residence

The Economic and Financial Crimes Commission, EFCC has detained Brig.-Gen Paul Boroh retd, the sacked Special Adviser on Niger Delta to the President as part of investigations into his tenure and seized $9 million (Nine million USD) from his Gwarimpa residence in Abuja, during a joint operation between officials of the agency and those from…

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Diezani Forfeits Two Ikoyi Luxury Penthouses To FG Following Court Order

Wednesday’s ruling of a Federal High Court has caused a former Minister of Petroleum Resources; Mrs. Diezani Alison-Madueke to finally forfeit two luxury penthouses in Banana Island, Ikoyi, linked her by the Economic and Financial Crimes Commission, EFCC. The court, presided by Justice Mojisola Olatoregun had on December 5, 2017, ordered an interim forfeiture of…

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Innoson & it’s CEO Innocent Chukwuma Withdraw Suit Against EFCC & GTBank

Innoson Nigeria Limited and its Chief Executive Officer/Managing Director, Mr. Innocent Chukwuma have withdrawn an ex parte application they filed against the Economic and Financial Crimes Commission and Guaranty Trust Bank. The other defendants in the ex parte application filed before the Federal High Court in Lagos are the Federal High Court, the Attorney General…

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EFCC Arrests Ngozi Olojeme, Finance Chief of Goodluck Jonathan’s Campaign Organisation

The Economic and Financial Crimes Commission (EFCC) has arrested Dr. Ngozi Olojeme, the Deputy Chairman, Finance Committee of the Goodluck Jonathan Campaign Organisation in the 2015 presidential election, over an alleged diversion of $48,485,127 from the accounts of the Nigeria Social Insurance Trust Fund (NSITF). Olojeme, widow to Felix Obuah, the late Chief Security Officer…

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EFCC Detains Former Secretary To Federal Government

Senator Anyim Pius Anyim, a former Secretary to the Government of the Federation, SGF, under the previous administration has been taken into custody by the Economic and Financial Crimes Commission, EFCC, in Abuja, Nigeria’s capital city. Anyim, who had also served as President of the Senate under the Olusegun Obasanjo administration, was still being held…

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Whistle Blower Will Go Mad If We Pay Him N860M At Once – Presidency

The Chairman, Presidential Advisory Committee Against Corruption, Prof. Itse Sagay (SAN), says the Federal government is hesitating to pay the whistle-blower who exposed the N13 billion found in an Ikoyi, Lagos apartment, by the Economic and Financial Crimes Commission, because he might go mad after receiving his N860 million entitlement. In an interview with Punch,…

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