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Economic and Financial Crimes Commission (EFCC)

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Buhari @ e-Nigeria 2018, says technology inclusion fast-tracking economic growth

President Muhammadu Buhari on Monday, hailed the performance of the National Information Technology Development Agency (NITDA), in monitoring and rolling out strategic technology policies in the nation’s march to knowledge economy. In his address to declare open the eNIGERIA 2018…

NCDMB to refer oil industry audit infractions to EFCC for action—Wabote

Going forward, the Nigerian Content Development and Monitoring Board (NCDMB), says it will henceforth refer serious fraudulent discoveries from the audit of oil and gas firms to the Economic and Financial Crimes Commission (EFCC) for further action. The development comes…

Court orders immediate release of UK Properties to Aiteo Boss, Benedict Peters

In a landmark ruling last week Friday at the Federal High Court in Abuja, has directed the immediate release of two properties located in the United Kingdom belonging to African Billionaire businessman and CEO of the Aiteo Group, Benedict Peters…

Buhari administration ignorant of reports, enquiries on $16bn spent on power—OBJ

Former President Olusegun Obasanjo has swiftly reacted to what he described as unsubstantiated accusation of his administration in lavishing $16bn on power without equitable results. In a statement signed by Media Aide to Chief Obasanjo, Mr. Kehinde Akinyemi, he gave…

CBN fixes April 3, 4 for MPC meeting based on Senate’s green light, but…

The Central Bank of Nigeria (CBN) is now on the mercies of the Nigerian Senate to either hold the first meeting of the Monetary Policy Committee (MPC) of 2018 tentatively on April 3 and 4th if the Senate puts paid…

Egmont: Onus now on Buhari to sign NFIU Bill into law, save Nigeria financial system

Chances that Nigerian financial system will still remain within the comity of nations by retaining its position and relevance within the Egmont Group can now be feasible if President Muhammdu Buhari goes ahead to assent the bill establishing the Nigeria…

Just in: Know Ahmed Abdulrahman; Buhari’s emerging EFCC boss

After months of stiff opposition by the Nigerian Senate on the confirmation of Mr. Ibrahim Magu as the substantive chairman of Economic and Financial Crimes Commission (EFCC), indications emerged Tuesday evening showing that all is set for the unveiling of…

EFCC arrested Innoson Motors boss, Chukwuma for jumping bail–Spokesman

More facts have been advanced by the rampaging Economic and Financial Crimes Commission (EFCC) for the forceful arrest of leading indigenous vehicle manufacturer in the South East, Dr. Innocent Chukwuma, owners of Innoson Vehicle Manufacturing (IVM), Nnewi, Anambra State. In…

$1tn paid in bribes, $2.6tn wired via corruption yearly—UN

…As US repatriates $150m, freezes $3.5bn in one year More revelations are still emerging from the recently marked International Anti-Corruption Day in parts of the world. In Nigeria, the Day which came with the theme: ‘United against corruption for development,…

Whistle-blower: ‘Between 2.5% and 5% cut structured to kill policy—Experts

The trending disagreement between the Ikoyi whistle-blower’s lawyer, Yakubu Galadima and the Ministry of Finance on the actual percentage due to his client has raised a serious issue of default in the structuring of the policy. The policy said whistle-blowers…