Category: Corruption
EFCC Files Fresh Charge Against Godwin Emefiele: Alleges Printing of N684.5m with N18.9bn
In a dramatic turn of events, the Economic and Financial Crimes Commission (EFCC) has filed a fresh charge against the former governor of the Central Bank of Nigeria (CBN), Godwin Emefiele. The charge, lodged at the High Court of the Federal Capital Territory, accuses Emefiele of approving the printing of a staggering N684,590,000 at the…
Kogi State Assembly Calls for Removal of Yahaya Bello’s Name from EFCC’s Wanted List
In a surprising turn of events, the Kogi State Assembly has formally requested the removal of former Governor Yahaya Bello’s name from the list of individuals wanted by the Economic and Financial Crimes Commission (EFCC). This comes amidst Bello’s refusal to appear before the anti-graft commission and his reported resistance to arrest, following accusations of…
Minister of Power Vows to Address Non-Performing Contracts and Improve Power Distribution
The Minister of Power, Chief Bayo Adelabu, has expressed concern over the non-performance of contracts within the power sector, particularly highlighting the case of Messr Zigglass. The company, awarded a contract worth $200 million (equivalent to N32 billion) in 2021 to supply three million meters, has failed to deliver a single unit. Speaking on the…
Yahaya Bello Declines EFCC’s Invitation for Interrogation: EFCC Chairman Reveals
In a startling revelation, the Executive Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ola Olukoyede, disclosed how former governor of Kogi State, Mr. Yahaya Adoza Bello, declined invitations for interrogation regarding his alleged involvement in money laundering. Addressing media executives at the EFCC Corporate Headquarters in Abuja on Tuesday, April 23, 2024,…
Banks Retain N530 Billion CBN Funds Amidst Temporary Halt in Support Schemes
Amidst a temporary suspension of all Central Bank of Nigeria (CBN) support funds by the current governor, Olayemi Cardoso, banks in the country continue to retain over N530 billion in unutilized intervention funds. According to recent financial statements reviewed, nine banks still hold substantial amounts of intervention funds designated for distribution to various recipients. Leading…
EFCC Declares Former Kogi State Governor Yahaya Bello Wanted
The Economic and Financial Crimes Commission (EFCC) has officially declared former Kogi State Governor, Yahaya Bello, wanted for alleged economic and financial crimes amounting to N80.2 billion. In a statement released by the agency, it was revealed that Yahaya Bello is wanted in connection with offenses related to economic and financial crimes, specifically involving the…
EFCC Set to Arraign Ex-Governor Yahaya Bello for Alleged N80.2 Billion Money Laundering
The Economic and Financial Crimes Commission (EFCC) has announced plans to arraign former Governor of Kogi State, Yahaya Adoza Bello, before a Federal High Court in Abuja on Thursday, April 18, 2024. Bello will face trial alongside three other suspects – Ali Bello, Dauda Suleiman, and Abdulsalam Hudu – on 19-count charges related to money…
EFCC Warns Against Obstruction of Operations
The Economic and Financial Crimes Commission (EFCC) has issued a stern warning to the public against obstructing its officers from carrying out their lawful duties, emphasizing that such actions constitute a criminal offence. According to Section 38(2)(a)(b) of the EFCC Establishment Act, it is illegal to impede officers of the Commission in the discharge of…
Federal High Court Grants EFCC Warrant to Apprehend Ex-Governor Yahaya Bello
In a significant development, the Federal High Court in Abuja has granted the Economic and Financial Crimes Commission (EFCC) authorization to apprehend former Governor Yahaya Bello of Kogi State. This decision comes ahead of his scheduled court appearance on Thursday. Justice Emeka Nwite approved the warrant earlier today in response to the EFCC’s request. The…
EFCC Sets the Record Straight on Humanitarian Ministry Investigations
The Economic and Financial Crimes Commission (EFCC) has addressed the swirling speculations and opinions surrounding its ongoing investigations into alleged financial misappropriation within the Ministry of Humanitarian Affairs, Disaster Management, and Social Development. Initiating investigations, the EFCC summoned past and suspended officials of the Humanitarian Ministry, leading to revelations of substantial fraud amounting to N32.7…