Justice Olukayode Adeniyi of an FCT High Court issued an order on Thursday directing the Economic and Financial Crimes Commission (EFCC) to immediately release the embattled former Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, or bring him before the court on November 6. The order was given following the court’s consideration Read More…
The Economic and Financial Crimes Commission (EFCC) has taken former Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, into custody shortly after his release from Department of State Services (DSS) detention, according to reports. Emefiele is currently undergoing interrogation at the EFCC’s headquarters in Abuja. Sources suggest that the anti-graft agency is investigating Emefiele over Read More…
Nigerian central bank governor Godwin Emefiele, currently suspended and detained, faces a 20-count indictment, including the charge of “conferring unlawful advantages,” as revealed by government prosecutors on Tuesday. President Bola Tinubu, a driver of substantial reforms within Africa’s largest economy in over a decade, has initiated an investigation into the central bank under Emefiele’s leadership. Read More…
From January to November 2022, the Economic and Financial Crimes Commission (EFCC) obtained 3,440 convictions for financial and cybercrimes around the nation. EFCC Chairman Abdulrasheed Bawa gave a message of goodwill at the beginning of a workshop on reporting financial crimes that the agency had organised. As the general elections in 2023 draw near, Bawa, Read More…
The conviction of Faisal for conspiracy and money laundering by the Court of Appeal on Thursday was affirmed. Faisal is the son of the imprisoned former Chairman of the disbanded Pension Reform Taskforce Team (PRTT), Abdulrasheed Maina. A three-member panel of the appellate court also lowered his sentence from 14 to seven years in prison Read More…
In a meeting with President Muhammadu Buhari on Thursday in Abuja, EFCC Chairman Abdulrasheed Bawa provided an update on the organisation’s recent endeavours. After meeting with the president, Bawa met with the State House media and said that the number of governors under investigation by the Commission for possible money laundering had climbed from the Read More…
Ayodele Fayose’s alleged money laundering trial has been postponed by the Federal High Court in Lagos till January 31 and February 1. Due to a scheduling error, the case’s trial was originally supposed to continue on October 26. A new trial date was to be decided by the parties and set by the court. The Read More…
Olasupo Shasore, SAN, a former Lagos State attorney general and commissioner for justice, will be charged by the Economic and Financial Crimes Commission (EFCC) on Friday before the Federal High Court in Abuja. Shasore will be charged with 14 counts of alleged money laundering along with a business, Middlesex Investments Ltd., before Justice Inyang Ekwo. Read More…
In an FCT High Court, Maitama, on Wednesday, the Economic and Financial Crime Commission (EFCC) re-arraigned suspended Accountant-General of the Federation Ahmed Idris and three other people for an alleged N109.5 billion fraud. Olusegun Akindele, Mohammed Usman, and Gezawa Commodity Market and Exchange Limited are additional defendants. They were initially charged with misappropriation of N109.5 Read More…
On Monday, two former employees of First Marina Trust Ltd. testified in a Federal High Court in Lagos about how they copied the emails of a number of customers and stole more than N1.3 billion from them. Adeyemi Oluwaseun and Suleiman Yusuf’s trial has been resumed, and Mr. Anthony Onyeoghane, a witness for the Economic Read More…
