Category: Corruption
Former Binance CEO Changpeng Zhao Sentenced to Four Months in Prison
Former CEO of Binance, Changpeng Zhao, commonly known as CZ, has been handed a four-month prison sentence by a federal judge for violating U.S. money laundering laws. The ruling was delivered during a hearing held on April 30 at the U.S. District Court for the Western District of Washington, presided over by Judge Richard Jones….
Exclusive: EFCC Investigates Alleged Diversion of N7.5 Billion by NSCDC Contractors
In a startling revelation, an investigation by the Economic and Financial Crimes Commission (EFCC) is currently underway into the alleged diversion of N7.5 billion by contractors associated with the Commandant General of the Nigeria Security and Civil Defence Corps (NSCDC), Ahmed Abubakar Audi. According to a reliable source close to the investigation, the entire sum,…
American International School of Abuja Refunds $760,910 Allegedly Paid by Yahaya Bello
In a recent development surrounding the ongoing investigation into the alleged misuse of funds by former Kogi State Governor, Yahaya Bello, the American International School of Abuja has transferred $760,910.84 to the Economic and Financial Crimes Commission (EFCC). This refund comes out of the total sum of $845,852 in school fees that Bello is accused…
N4.6 Billion Traced to Bafarawa’s Son in ONSA Arms Deal Trial
In a courtroom revelation that sent shockwaves through the legal proceedings, a witness in the Office of the National Security Adviser (ONSA) arms deal trial has disclosed that a staggering sum of N4.633 billion has been traced to the account of Dalhatu Investment Limited, with connections to the son of former Sokoto State governor, Attahiru…
Yahaya Bello Allegedly Pays Over $845,000 in Tuition Fees for Children
In a shocking revelation, it has been reported that Yahaya Bello, the Governor of Kogi State, allegedly paid an astounding sum of over $845,000 (equivalent to over 1 billion naira) in tuition fees for his children at the American International School of Abuja. Documents obtained purportedly show receipts of the tuition fees paid by Bello…
EFCC Hands Over 14 Forfeited Properties to Enugu State
In a significant move aimed at fostering cooperation between the federal government and state governments, the Economic and Financial Crimes Commission (EFCC) has handed over 14 forfeited properties to the government and people of Enugu State. The ceremony, which took place on Wednesday, April 24, 2024, saw the Executive Chairman of the EFCC, Mr. Ola…
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,…