Category: Corruption
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…
Nigerian Government Confirms Binance Executive Found in Kenya
In a significant development in the ongoing investigation into financial irregularities, the Nigerian government has confirmed that Nadeem Anjarwalla, a top executive at Binance, who had escaped custody in Nigeria, has been located in Kenya. A source within the presidency, speaking on condition of anonymity, revealed that Anjarwalla had been traced to Kenya, prompting intensified…
EFCC Arraigns Former CBN Governor Godwin Emefiele for Fraud
The Economic and Financial Crimes Commission (EFCC) has brought charges against Godwin Emefiele, the former Governor of the Central Bank of Nigeria, for an alleged $4.5 billion and N2.8 billion fraud. Emefiele was arraigned alongside Henry Omoile on an amended 26-count charge before Justice R.A. Oshodi of the Special Offences Court in Lagos. The charges…
EFCC Recovers N30 Billion in Probe of Suspended Minister and Former CEO
The Economic and Financial Crimes Commission (EFCC) has made significant strides in its investigation into the suspended Minister of Humanitarian Affairs and Poverty Alleviation, Betta Edu, and the former CEO of the National Social Investment Programme (NSIPA), Halima Shehu. So far, the EFCC has recovered a staggering sum of N30 billion for the Federal Government….