Another Lagos Court orders forfeiture of N449m found in Island BDC shop
Barely one week after a Federal High Court in Lagos ordered interim forfeiture of all the $43m recovered by the Economic and Financial Crimes Commission (EFCC) from Osborne Towers in Ikoyi, another court on Wednesday gave similar order on the…
Finally, FG suspends SGF for IDPs contract complications, NIA’s Oke for Ikoyigate
As part of smart face saving moves, President Muhammadu Buhari Wednesday suspended Mr David Babachir Lawal, Secretary to the Government of the Federation (SGF), and ordered an investigation into the allegations of abuse of due process made against him in…
FG mute on Ikoyi $43m, shifts attention to how looters bury stolen funds in cemeteries, forests
Not up to one week after the Ikoyi House $43 million dollar recovery by the anti graft agency, latest strategy used by looters of public funds has emerged. But in a statement on Sunday, the Federal Government smartly shielded comments…
Court orders interim forfeiture of $43m, £27,800, N23m found in Ikoyi House to FG
In what can be described as galloping rise in star performance on the side of the Economic and Financial Crimes Commission (EFCC) since the Acting Chairman, Mr. Ibrahim Magu failed integrity test at the Nigerian Senate, the agency, yesterday secured…
Court vacates order freezing Patience Jonathan’s account in Skye Bank
After about six months of legal battle, a Federal High Court in Lagos on Thursday issued an order unfreezing the Skye Bank account of a former First Lady, Patience Jonathan. The Economic and Financial Crimes Commission (EFCC) had in November…
90% of recession causative factors linked to corruption—Magu
Even though he failed to secure the anticipated confirmation at the Senate plenary Wednesday, the embattled Acting Chairman of Economic and financial Crimes Commission (EFCC), Mr. Ibrahim Magu during his response at the floor of the red chambers revealed that…
Unnamed State Governor returns N500m of Paris Debt money
It was not very easy to classify the gesture as ‘Self Whistle Blowing’ or escape from imminent danger as a Nigerian serving state governor weekend returned N500 million found in his account to the Economic and Financial Crimes Commission (EFCC)….
Space for settlement abounds as Court adjourns forfeiture order in MTN Vs. FG sine die
Whereas Phutuma Nhleko, MTN group chairman, had said last week that accusations that the group moved funds illegally out of Nigeria had no basis, signals are emerging that serious discussion on the possible use of out of court settlement or…
Police continues prosecution of alleged Zinox Technologies blackmailer
The Nigerian Police is to continue the prosecution of a case involving Benjamin Joseph, an Enugu indigent and self-acclaimed Managing Director of an Ibadan-based company, Citadel Oracle Concepts Ltd., who is alleged to have resorted to blackmail and threats against…
