Okorocha spent N8bn Paris Club Refund on the eve of elections—EFCC
More details are beginning to emerge on how the outgoing governor of Imo State, Chief Rochas Okorocha, feasted on the state’s N8bn share of the Paris Club Refund approved and paid in by the Federal Government some months ahead of…
EFCC’s probe of NITDA’s contract issues may mar eNigeria summit
As the eNigeria Conference, put up by the National Information Technology Development Agency (NITDA) begins today in Abuja, several IT stakeholders from public and private sector may be preoccupied by the trending allegations and ongoing probe of the agency’s 2017…
Glo drags EFCC to Court over alleged interest in contractual matter, seeks N50m
Leading telecoms giant, Globacom Limited has approached a Lagos State High Court in Igbosere to stop the Economic and Financial Crimes Commission (EFCC) from further investigation and or any other form of involvement over a petition written against it by…
Again, Court orders forfeiture of 56 houses traced to Diezani Alison-Madueke
Barley less than one month after a Federal High Court in Lagos, ordered a permanent forfeiture of twin palatial condominiums situated in choicest part of Banana Island in Lagos on grounds of being proceeds of crime, on Tuesday, another Federal…
Ibadan on fire as EFCC nabs over 100 undergraduates for internet frauds
A scenario that can be interpreted to mean that Ibadan, the Oyo State capital may have taken over Lagos in terms of internet frauds and associated crimes has emerged. On Monday, the Ibadan office of the Economic and Financial Crimes…
EFCC steps up loot recovery in N’East, arrests 191 suspects, recovers N110,820m
Serious indications are continuing to emerge that the embattled chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ibrahim Magu is stepping up his service delivery quiescence. Otherwise, barely 24 hours after it secured a strategic judgment leading to…
Like Ikoyi dollars, Court orders permanent forfeiture of Diezani’s $37.5m property
In what can be assumed to mean that the present government is winning the war against corruption, a Federal High Court sitting in Lagos on Monday, ordered the permanent forfeiture of a $37.5m property on Banana Island in Lagos, allegedly…
Etisalat claims 42% debt cleared, chides reports of investigation on use of loan
In continuation of the drama and counter claims trailing the final fight for the soul of Etisalat Nigeria, the company claimed on Thursday that about 42 per cent (about $504 million) of the original loan package of $1.2 billion (about…
New twist as banks seek forensic investigation on how Etisalat used $1.2bn loan
Fresh strange developments seem to be trailing the ongoing determination of the destiny of embattled telecoms group, Etisalat this week. Latest on Wednesday indicates that the consortium of 13 banks, involved in Etisalat Nigeria’s $1.2bn loan has changed its game,…
Only Zenith Bank is free from N30trn Customs remittance infractions—Senate
Whereas the Senate Committee probing the Customs N30tn banks remittance infractions has given the Central Bank of Nigeria (CBN) seven days to recover all monies collected by banks on behalf of the agency without remitting them over the years, it…
