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Tag Archives: Economic and Financial Crimes Commission (EFCC)

NITDA ambushes MDAs on IT projects, seals partnership deal with EFCC

NITDA pantami

Barely 48 hours after it read the riot act to all Ministries, Departments and Agencies (MDAs), on the illegality of embarking on IT projects without recourse to it, the leadership of the National Information Technology Development Agency (NITDA), has played host to the Acting Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ibrahim Mustapha Magu and his management ...

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Fresh insight on why Alison-Madueke ran away since this administration emerges

Efcc magu

Contrary to earlier speculations that the former Minister of petroleum Resources, Mrs. Diezani Alison-Madueke had left the country immediately President Muhammadu won the 2015 presidential election on health ground, indications have emerged that her escape was in response to the fact that the promised fight against corruption will be too hot for her in particular. This stemmed from Thursday’s revelation ...

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Barely one month after, another Court orders final forfeiture of Diezani’s N7.6bn loot

Diezani

If anybody is making the news in the last one month in terms of forfeiture of looted or proceeds of criminal transactions, it is former Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke. On Monday, a Federal High Court, again, ordered final forfeiture of seized $21 million (about N7.6bn) from bank accounts linked to her. The former Minister had on hearing ...

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Bandits hit EFCC headquarters in Abuja, drop death note for investigator

Efcc magu

Around the early hours of Wednesday, precisely 5.00AM, yet to be identified armed gunmen arrived the narrow street hosting the headquarters of the Economic and Financial Crimes Commission (EFCC), office on Wuse Zone 7, Abuja. The heavily armed bandits who failed to gain access on arrival resorted to shooting and damaging parked cars both outside and within the fortified compound. ...

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EFCC recovers N553m stolen funds from S’East politicians in 7 months

Efcc magu

In continuation of ongoing review of regional performances by geo-political zones, the Economic and Financial Crimes Commission (EFCC), South East zone stationed at Enugu, on Tuesday, revealed that it recovered N553.77million from corrupt politicians in the South East in the seven months of investigative operations and recovery of stolen funds. According to the Zonal Head of Operations of the commission, ...

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EFCC may change direction to CCB against Diezani over asset declaration

Diezani

An indication is emerging that instead of approaching a Federal High Court in the pursuit of alleged looted funds and assets by the Economic and Financial Crimes Commission (EFCC), against the former Minister of Petroleum Resources, Mrs. Diezani Madueke, it may head to the Code of Conduct Bureau (CCB). The permutation is against the backdrop of new idea showing that ...

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EFCC recovers N328bn from 9 oil marketers’, expects more from diversions

nnpc truck near nnpc hqs

The Economic and Financial Crimes Commission (EFCC), working on a petition from petition against the leadership of the Nigerian National Petroleum Corporation (NNPC) and its subsidiary, the Pipelines and Product Marketing Company (PPMC), has recovered N328bn from Forte Oil, Oando, Total and six others. Other companies queried by the anti-graft agency that lead to the recovery include Conoil Plc, OVH ...

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Diezani’s Banana Island’s house, funds may go the way of NIA’s Ikoyi billions if…

Diez banana

Former Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, has up till August 7, 2017, to show up at the Lagos federal High Court to lay claims to listed properties and funds of about $2,740,197.96 and N84,537,840.70, said to be part of the rent collected on the property. This stemmed from the temporary forfeiture order on a property at Banana Island, ...

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NITDA runs to EFCC, reveals how MDAs siphon budgets using IT procurement

NITDA pantami

The digital watchdogs of the federal government, National Information Technology Development Agency (NITDA), has opened up on how MDAs were able to use the procurement of the IT products and services to perpetuate fraud because most of the projects passed through less scrutiny during budget defence at the National Assembly. During a recent visit to the Economic and Financial Crimes ...

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For recovery of N11.6bn, FG pays N375.8m to 20 W/Blowers after tax deductions

Kemi Adeosun

Fresh energy has been pumped to the effectiveness of the Whistle Blowing Policy following the payment of a total of N375.8m to 20 whistle blowers who aided the seamless recovery of N11.6bn. but this was after deducting taxes on the percentage due to them. In a statement on Wednesday by the Director of Information in the Ministry of Finance in ...

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