• Home
  • Anti-Corruption
  • Fact-Check
  • Economy
  • National
    • Government
  • Security
  • Features
  • State
  • Event
    • PR Nigeria Award
  • E-Paper
Search
  • Home
  • About
  • Adverts
  • Contact
Sign in
Welcome! Log into your account
Forgot your password? Get help
Password recovery
Recover your password
A password will be e-mailed to you.
PRNIGERIA PRNigeria News
PRNIGERIA PRNIGERIA
  • Home
  • Anti-Corruption
    • ICPC Secures Conviction of Rector for Running Unaccredited Degree Programmes

      Engr Abba Babagana Dalori

      Engr Dalori Forfeits Galaxy Hospital, Petrol Station, Properties & Cash

      Chinese nationals jailed in Lagos

      Court Jails Nine Chinese Nationals for Cybercrime in Lagos

      ASUU

      Tackle Corruption, Institutional Decay – ASUU Charges FG

      EFCC Arraigns Bauchi Accountant General Over N8bn Fraud as Court Sentences…

  • Fact-Check
  • Economy
    • Tinubu Jets to Brazil After Japan Summit, Eyes Trade, Security Deals

      Comptroller-General of Customs, Bashir Adewale Adeniyi (MFR), hosted the Executive Chairman of FIRS, Dr. Zacch Adedeji,

      Customs and the “National Single Window” Project

      FG Earmarks N13bn to Boost Power Infrastructure in Lagos, Ogun

      Centre for Crisis Communication, CCC,

      CCC Reviews Keyamo’s Crisis Management in Aviation Disputes

      NITDA Applauds Tech Giants for Advancing Online Safety in Nigeria

  • National
    • PHOTOS: Finally, President Tinubu Confirms Pedro as NTA DG, Announces Three…

      FG, States, LGs Share N2.001trn for July, Says FAAC

      FG Unveils Personal Income Tax Calculator Under New Reform Laws

      ACF

      ACF Decries Worsening Insecurity in the North

      Saudi Arabia Conducts Life-Saving Cardiac Surgeries in Kano

    • Government
      • FG, States, LGs Share N2.001trn for July, Says FAAC

        FG Unveils Personal Income Tax Calculator Under New Reform Laws

        Saudi Arabia Conducts Life-Saving Cardiac Surgeries in Kano

        FG Subsidises Dialysis Cost to N12,000, Says Northwest Not Excluded

        Ibrahim Yahaya Dandakata of Arewa Economic Forum AEF

        Arewa Economic Forum Alleges Targeted Removal of NTA Chief, Calls for…

  • Security
    • CRUSHING BLOW: other Top Boko Haram commanders neutralized in Bita, Wigo

      DSP Ikenga Tochukwu, PPRO Anamabra State Police Command,

      Police Command Moves to Address Protest Concerns in Anambra

      Nigerian Military Refutes Misinterpretation of CDS Self-Defence Comment

      CDS, General Christopher Musa and Katsina lawmakers, led by Senator Abdulazeez Musa Yar’Adua,

      CDS, Katsina Lawmakers Strategize to Tackle Banditry

      CP Jimoh Moshood

      Lagos Police Intercept Vehicle Loaded with Cannabis

  • Features
    • The Arrest of Ansaru Kingpins Mahmud Muhammad Usman aka Abu Bara’a, and Mahmud al-Nigeri aka Mallam Mamuda

      Ribadu and the fall of Ansaru By Senator Iroegbu

      Fixing the Fault Lines in Nigeria’s Culture of Recognition, By Mukhtar…

      How Desperation Turns Nigerian Job Seekers Into Scam Targets By Tahir…

      Festus Keyamo Aviation Minister

      Rebuilding Trust in Nigeria’s Aviation Through Crisis Communication, By Mukhtar Ya’u…

      President Bola Ahmed Tinubu

      Citizen’s Diary: The message from the South-East to President Tinubu, by…

  • State
    • CRUSHING BLOW: other Top Boko Haram commanders neutralized in Bita, Wigo

      CP Jimoh Moshood

      Lagos Police Intercept Vehicle Loaded with Cannabis

      ACF

      ACF Decries Worsening Insecurity in the North

      Nigerian Navy Personnel

      Navy Hands Over Seized Smuggled Rice, Cannabis to Customs, NDLEA, Rescues…

      Inspector-General of Police Kayode Adeolu Egbetokun

      Police Creates 2 New Area Commands, Upgrades 5 Divisions in Benue…

  • Event
    • President Bola Ahmed Tinubu

      His Death is a National Loss, Tinubu Mourns Emir of Zuru

      Umar Lauya

      Umar Lauya Declares Candidacy for NYCN Presidency, Vows to Unite and…

      The Executive Secretary/CEO of the National Sugar Department Council (NSDC), Mr. Kamar Bakrin (L), with the CEO of Legacy Sugar Company, Alh. Abubakar Isa Musa (R), during the signing ceremony.

      NSDC, New Operators Seal Landmark Development Agreements, to Produce 400,000MT of…

      Regional Vice President Western and Central Africa at the World Bank, Mr Ousmane Diagana pays a courtesy visit to Baze University

      World Bank Vice President visits Baze University, Commends Educational Standards, Assures…

      NIPR President Ike Neliaku and a recently inducted PR professional from Kano

      PHOTOS: NIPR Inducts 80 New PR Professionals in Kano to its…

    • PR Nigeria Award
  • E-Paper
Home Anti-Corruption Senate Confirms Olukoyede as EFCC Secretary
  • Anti-Corruption

Senate Confirms Olukoyede as EFCC Secretary

By
Tony Orilade
-
November 28, 2018
Chairman EFCC, Olu Olukoyede
Chairman EFCC, Olu Olukoyede

Senate Confirms Olukoyede as EFCC Secretary

The Nigerian Senate on November 28, 2018 confirmed Olanipekun Olukoyede as the Secretary to the Economic and Financial Crimes Commission, EFCC. The confirmation is in accordance with Section 2(3) of the EFCC Establishment Act 2004.

Olukoyede who until today was the Chief of Staff to the EFCC Chair, Ibrahim Magu, was nominated by President Muhammadu Buhari on September 10, 2018 to replace Emmanuel Aremo, whose five-year tenure expired in July 2018.

A seasoned and erudite lawyer with several years of experience at the Bar, Olukoyede is a regulatory compliance consultant, who specialises in compliance management, corporate intelligence and fraud management. He is a certified fraud examiner who has led and managed investigation and civil litigation of fraud and financial crimes in International development project.

He is a widely traveled scholar who has attended a number of training programmes within and outside of Nigeria, focusing on fraud and corruption investigation. He also specialises in Anti-Corruption Research and Analysis, Corporate and Business Intelligence Gathering and Process.

He had his university educations at Lagos State University; University of Lagos; Institute of Arbitration ICC – Paris, France and University of Harvard (Kennedy School of Executive Education).

The new Secretary is a member of the Fraud Advisory Panel (UK) and also a member, Federal Government Technical Committee on the Repositioning of the Nigerian Financial Intelligence Unit.

He was born in Ikere-Ekiti, Ekiti State, on October 14, 1969.

Tony Orilade
Ag. Head, Media & Publicity
28th November, 2018
……………………………………………………

EFCC Warns Against Misuse of Public Funds for Elections

The Acting Chairman of the Economic and Financial Crimes Commission, EFCC, Ibrahim Magu has warned that as another election cycle approaches, the EFCC will not fold its hands and watch the nation’s commonwealth squandered by corrupt politicians.

Magu made this known on Tuesday, Wednesday, 28th November, 2018 in Abuja, while presenting a paper at a one-day retreat for 36 state governors and key election stakeholders.

The retreat, with the theme: “Institutionalizing Transparency, Accountability, And Anti-Corruption Issues In The Electoral Process In Nigeria”, was organized by Centre for Values In Leadership, CVL.

Magu, who spoke through Olanipekun Olukoyede, his Chief of Staff, said, “We shall keenly monitor the financial affairs of political parties to ensure that the use of public funds to finance political parties and prosecute campaigns at all levels of government is checked”.

He assured that henceforth, donations to political parties and the identities of the donors will be of massive interest to the Commission going forward.

“To minimize corruption and the use of public funds to fund political parties and finance elections, there is need for greater effectiveness in enforcing the provisions of the various electoral laws in Nigeria especially as it relates to penalties upon breach of their provisions.

“Political parties should be required to keep proper records of all incomes, contributions and expenditure, and to open their books for inspection by relevant security agencies after every electioneering cycle”, Magu said.

He continued; “In addition, politicians prosecuting campaigns must be required to keep proper records of all donations received by them including the identities of the donors; and to turn their books over to relevant security agencies, and to INEC for inspection after every electioneering cycle, including the costs of litigations arising from the elections and the source of funding for the litigations”.

Read Also:

  • CRUSHING BLOW: other Top Boko Haram commanders neutralized in Bita, Wigo
  • Police Command Moves to Address Protest Concerns in Anambra
  • PHOTOS: Finally, President Tinubu Confirms Pedro as NTA DG, Announces Three Female Executive Directors

While acknowledging that the work to be done is enormous, he explained that the EFCC cannot do it alone. “We do not have the manpower and other resources to confront this hydra headed monster alone. I implore fellow Nigerians to share credible intelligence with the Commission on the activities of criminal politicians, so that our tasks can be made easier”, he added.

The anti-graft czar commended the Centre for Values in Leadership (CVL) for providing a platform to share experiences on the subject of the electoral process in Nigeria and said “my hope is that the politicians here see that the reality of playing outside of the rules is that they become exposed to the consequences as stipulated by the law or to the caprices of their paymasters. Either way, they lose ultimately, the electorate loses and the system falters”.

While taking a retrospective look at the Dasukigate, Magu said “when you consider the fact that the money was disbursed for the purpose of procurement of arms to fight insurgency in the North, then the negative impact of funding elections with stolen government funds becomes real and relatable all at once”.

He said that President Muhammadu Buhari inaugurated the Presidential Committee on Review of Arms Procurement on 31 August 2015 with a mandate to investigate the procurement of ammunition to fight against insurgency during the administration of Goodluck Jonathan.

“The 13-man Committee, which I was a member of, analyzed how funds were transferred to the office of the National Security Adviser and the Nigerian Armed Forces in local and foreign currencies and subsequently disbursed.

“The committee observed that about $2.2 billion was disbursed for the procurement of ammunition to tackle insurgency, yet little or nothing was actually spent for the procurement of the arms for which the funds were disbursed. The committee discovered that failed contracts amounting to about $2,378,939,066.27 and ₦13,729,342,329.87 respectively were awarded by the NSA; who also approved payments in millions of dollars without documentation”, Magu said.

“While all these financial infractions were the order of the day, terrorists were allowed to run amok, students were kidnapped, raped and forcibly conscripted into Boko Haram, schools were closed, communities sacked and burnt down, lives were lost, Nigerians were turned into refugees in their own country, and soldiers were denied necessary equipments with which to confront and crush terrorism”, the EFCC Boss lamented. Adding, “This must never be allowed to happen again in Nigeria”.

According to him, anytime money is diverted by an administration to fund a political campaign, it is money already budgeted for an essential need which will never be met because of heartless and corrupt public officials.

“The money being misappropriated is either from health, security, education, road construction, personnel costs etc; the case of arms procurement by the NSA under President Goodluck Jonathan government is apposite”, he explained.

In his opening remarks, Rasheed Adegbenro, Senior Vice President, CVL, said the forum, which began in Lagos, was meant to sensitize the electorate on the coming elections.

“The preparation for this Forum began in Lagos on September 15, 2018 when CVL organized a 7-kilometre road walk tagged Walk The Talk to sensitize the electorate on the coming elections and encouraging them to collect respective PVCs having previously registered for same. The road walk admonished the electorate not to remain passive but register to vote during the elections. The huge success of the event was followed by special courtesy visits to some stakeholders in Abuja to emphasize and convey high expectation of the public concerning the 2019 polls”, he said.

Also speaking, Ibrahim Idris, the Inspector General of Police, who was represented by CP Kenneth Ebrimson, gave assurance that the Nigerian Police Force will ensure that the 2019 elections will be free and fair.

He said, “The Police play a very vital role in any election process. The Nigeria Police Force is ready to ensure that there is free, fair and credible 2019 general election”

The retreat had in attendance, Prof. Kingsley Moghalu, a presidential candidate; Euginia Abu, former Executive Director Programmes of the Nigerian Television Authority, NTA, amongst others.

Tony Orilade
Ag. Head, Media & Publicity
28th November, 2018

VISIT OUR OTHER WEBSITES
PRNigeria.com EconomicConfidential.com PRNigeria.com/Hausa/
EmergencyDigest.com PoliticsDigest.ng TechDigest.ng
HealthDigest.ng SpokesPersonsdigest.com TeensDigest.ng
ArewaAgenda.com Hausa.ArewaAgenda.com YAShuaib.com
  • TAGS
  • efcc
  • Ibrahim Magu
  • Olanipekun Olukoyede
Previous articleCorruption: Onamusi Arraigned for Executing Contracts while in Government
Next articlePolice Arrest Deji Adeyanju, Others for Public Disturbance
Tony Orilade
Tony Orilade
https://prnigeria.com
PRNigeria is the pioneer Press Release Distribution agency in Nigeria. A member of image Merchant Promotions limited, PRNigeria encourages individuals and organisations to be more transparent in their information management. with dedicated Editorial staffs, the PRNigeria ensures that information provided on its platforms are timely, factual and authoritative Read more at: //prnigeria.com/about/
Facebook Twitter

RELATED ARTICLESMORE FROM AUTHOR

CRUSHING BLOW: other Top Boko Haram commanders neutralized in Bita, Wigo

PHOTOS: Finally, President Tinubu Confirms Pedro as NTA DG, Announces Three Female Executive Directors

Nigerian Military Refutes Misinterpretation of CDS Self-Defence Comment

Anambra Police Nab Suspected Vandals, Recover Transformer Parts, High-Tension Cables

Tinubu Jets to Brazil After Japan Summit, Eyes Trade, Security Deals

Saudi Arabia Conducts Life-Saving Cardiac Surgeries in Kano

Chief of Defence Staff (CDS), Gen. Christopher Musa

CDS Musa Charges Citizens to Learn Combat Skills for Self-Defence

Counter-Terrorism: ​MNJTF, OPHK Commanders Assess Lake Chad Operations

CP Ikiouye Orutugu

Anambra Police Arraign Four Over Child Defilement

NSCDC: Interior Minister Decorates 22 Newly Promoted ACGs in Abuja

ARCHIVE: Bandits' Informant captured in katsina

Hunter, Farmer Killed as Villager Eliminates Armed Bandit in Separate Attacks in Northcentral

Third Estate visits CP Olohundare Moshood Jimoh

PHOTOS: Third Estate Salutes CP Jimoh’s Leadership in Transforming Lagos Policing

LEAVE A REPLY Cancel reply

Log in to leave a comment

Recent Posts

  • CRUSHING BLOW: other Top Boko Haram commanders neutralized in Bita, Wigo
  • Police Command Moves to Address Protest Concerns in Anambra
  • PHOTOS: Finally, President Tinubu Confirms Pedro as NTA DG, Announces Three Female Executive Directors
  • Nigerian Military Refutes Misinterpretation of CDS Self-Defence Comment
  • CDS, Katsina Lawmakers Strategize to Tackle Banditry
  • Home
  • About
  • Adverts
  • Contact
© 2020 PRNigeria. All Rights Reserved.
Latest News
CRUSHING BLOW: other Top Boko Haram commanders neutralized in Bita, WigoPolice Command Moves to Address Protest Concerns in AnambraPHOTOS: Finally, President Tinubu Confirms Pedro as NTA DG, Announces Three Female Executive DirectorsNigerian Military Refutes Misinterpretation of CDS Self-Defence CommentCDS, Katsina Lawmakers Strategize to Tackle BanditryFG, States, LGs Share N2.001trn for July, Says FAACLagos Police Intercept Vehicle Loaded with CannabisFG Unveils Personal Income Tax Calculator Under New Reform LawsACF Decries Worsening Insecurity in the NorthNavy Hands Over Seized Smuggled Rice, Cannabis to Customs, NDLEA, Rescues Trafficking VictimsPolice Creates 2 New Area Commands, Upgrades 5 Divisions in Benue to Boost SecurityAnambra Police Nab Suspected Vandals, Recover Transformer Parts, High-Tension CablesTinubu Jets to Brazil After Japan Summit, Eyes Trade, Security DealsTroops Eliminate 2 Top ISWAP Commanders, Others in BornoSaudi Arabia Conducts Life-Saving Cardiac Surgeries in Kano
X whatsapp