EFCC Traces N2.1 Billion To Patience Jonathan Mum’s Account

The Economic and Financial Crimes Commission has traced N2.114bn to the bank account of Magel Resort Limited, which was allegedly owned by Mrs. Patience Jonathan and her late mother, Mama Charity Oba. According to the EFCC, the total amount of money traced to Mrs. Jonathan is now N17bn. Patience, the wife of former President Goodluck Jonathan, had, last week, filed a N2bn fundamental human rights suit against the EFCC, accusing the anti-graft agency of subjecting her to psychological trauma, unnecessary persecution and going as far as freezing her late mother’s…

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House Of Reps Committee Orders Magu’s Arrest

THE House of Representatives Committee on Public Petitions, yesterday, issued a warrant for the arrest of acting Chairman of Economic and Financial Crimes Commission, EFCC, Ibrahim Magu, over his refusal to appear before it. The committee, disturbed by Magu’s deliberate refusal to appear over former First Lady, Patience Jonathan’s petition demanding that her bank accounts be unfrozen, issued a bench warrant for Magu’s arrest. House of Representatives Magu is consequently expected to appear before the committee on November 7, to defend the role his commission played in getting six bank…

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EFCC Says N47.2 Billion, $487.5 Million Cash And Properties Is Traced To Diezani

The Economic and Financial Crimes Commission said it had so far, through painstaking investigations by its operatives, traced N47.2bn and $487.5m in cash and properties to a former Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke. These, the anti-graft agency said, were apart from “boxes of gold, silver and diamond jewellery, worth several million British pounds sterling,” discovered during a search of   Diezani’s palatial residences in Abuja. The EFCC said it discovered several of Diezani’s landed properties scattered all over Lagos and other parts of the country in the course of…

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Court Orders Permanent Forfeiture of Diezani’s Mansion

The Federal High Court in Lagos has ordered that a $37.5m mansion on Banana Island, Lagos linked to a former Minister of Petroleum Resources, Mrs Diezani Alison-Madueke, be permanently forfeited to the Federal Government. The court also ordered that the sums of sums of $2,740,197.96 and N84,537,840.70 realised as rents on the property should equally be forfeited to the Federal Government. The orders were made on Monday by Justice Chuka Obiozor, following a motion on notice argued before him by the Economic and Financial Crimes Commission. The anti-graft agency had…

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Nigeria suspended by Egmont Anti corruption group

A major blow to the current anti-corruption war was given recently by an international group, Egmont Group of Financial Intelligence Units. The group is currently meeting in China. with this suspension, the group has effectively lent its voice to the push that the current Economic and Financial Crimes commission, EFCC, has lost it as far as anti corruption war is concerned. The current EFCC acting chairman, Ibrahim Magu, has been having a running battle with the Senate, who rejected his nomination twice, and has insisted that the he be dropped…

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EFCC Gives Reason for Storming Sun Office

Economic and Financial Crimes Commission (EFCC), says that its presence in the early hours of Monday, June 12, 2017 at the head office of the Sun Newspaper in Lagos was to ascertain the state of the assets of the publishing company which is subject of subsisting interim forfeiture order. Legal opinion as to whether the commission had the right to be at the property is however unclear as the newspaper maintains that the matter is still very much under determination in court. EFCC, however, says that its visit lasted for…

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EFCC Seizes Patience Jonathan’s Hotel

The Economic and Financial Crimes Commission has seized a hotel allegedly belonging to Mrs. Patience Jonathan, the wife of former President Goodluck Jonathan. The anti-graft agency also seized three other properties in Abuja allegedly belonging to Patience. The five-storey hotel is located near Setraco Construction Company, beside Mabushi Kado Expressway. Although the hotel has not been officially valued by the EFCC, some estate agents within the community told our correspondent that the property should be worth about N2bn. The property, which has not been officially opened, has between 50 to…

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EFCC Arraigns Three Ghost Workers Over N9.7 Million Fraud

The Economic and Financial Crimes Commission, EFCC, on Tuesday, June 6, 2017 arraigned the trio of Onukaogu Onyinyechi Esther, Ebenuwa Chinazo Jennifer and Onukaogu Joshua before Justice A. S. Adepoju of the FCT High court sitting in Wuse, Abuja, on a 13-count charge of conspiracy and obtaining by false pretence. Esther allegedly abused her office while being a staff of Soft Alliance, consultants to the office of the Auditor General of the Federation on IPPIS between 2012 and 2013, to input her name and two of her siblings (Jennifer and…

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Court orders interim forfeiture of N449.77m recovered by EFCC in a shop

A Federal High Court sitting in Lagos, yesterday, ordered an interim forfeiture of N449. 77milion recently uncovered by the Economic and Financial Crimes Commission, EFCC, in a shop at LEGICO Shopping Plaza, Victoria Island, Lagos. Trial judge in the matter is Justice R.M. Aikwa. The order followed an ex-parte application by Rotimi Oyedepo, an EFCC prosecutor, pursuant to Section 17 of the Advance Fee Fraud and Other Fraud Related Offences Act No. 14, 2006. In his ruling, Justice Aikawa ordered anyone interested in the money to appear before him at…

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Buhari: Two years on, Nigerian Economy gallops back to the past

On the second anniversary of the APC led government, critics and analysts are divided on how the economy will be rated-whether it can be rated as an economy that is going no where very fast, or one that is galloping backwards to the mid eighties. A third group of analysts, made up mainly of the core of Buhari Media Campaign group and some young and semi literate Northern iridentists,who seem to have graduated in the school of insults rather than reason, are sticking out their worn out reputation in defense…

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19 Billion Paris Club Scam: EFCC Reports Indicts Saraki, Others

By Akinwale Kasali Senate President, Bukola Saraki is presently enmeshed into another controversy, as he has been indicted the Economic and Financial Crimes Commission has submitted a report to President Muhammadu Buhari linking him and some of his aides to the diversion of about N19bn from the N522bn Paris Club refund. The report also fingered Mr. Robert Mbonu of Melrose General Services Limited. Mbonu is a former Managing Director of Societe Generale Bank of Nigeria, the commercial bank owned by the Saraki family which was later liquidated. The Federal Government…

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Court grants Andrew Yakubu, former GMD NNPC N300million bail

The former Group Managing Director of the Nigeria National Petroleum Corporation, NNPC, Andrew Yakubu, has been granted bail by an Abuja high court. He is to produce two sureties. He is to pay N300million as bail bond. It will be recalled that Yakubu was sacked by the Jonathan Administration for corrupt practices. Recently, the Economic and financial Crimes Commission, EFCC, found $9.8 million in his house which he claimed is his personal money.He was taken to court and later remanded in prison. Details late… Share on: WhatsApp

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EFCC discovers N11.75bn ($37.5m) in Diazani’s Lagos mansion

The Economic and Financial Crimes Commission in another breakthrough in Lagos said that it has discovered the sum of N11.75bn allegedly said to be that of former Minister of Petroleum Resources, Diezani Alison-Madueke. Also Mr Ibrahim Magu, Acting Chairman of Economic and Financial Crimes Commission (EFCC), on Thursday confirmed the recovery of 9.75 million dollars and 750,000 pounds from a residence in Kaduna state. According to the EFCC Diezani was said to have bought the building situated in Lagos popular bourgeoise island called Banana Island between 2011 and 2012 at…

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Janus Faced General

The double face of Alex Badeh, Nigeria’s former Defence Chief and Four Star General comes to the fore amidst scathing financial scandals By Bayo Bernard Faced with the ferocious and  more determined Boko Haram insurgency, former President GoodluckJonathan named Alex Badeh as his Defence Chief on Thursday, January 20, 2014. In the mind of the ex-president, Badeh would bring to bear his experience as one of the finest Air force officers in the country and a tested pilot, in sharpening the teeth of war on terror. On his assumption as…

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