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EFCC Arraigns Microfinance Bank MD for N316.9M Fraud

The Economic and Financial Crimes Commission, EFCC, on Friday January 20, 2017 arraigned one Fredrick Ogbueifun before Justice P.A. Ajoku of the Federal High Court, Benin, Edo State on a 33-count charge for alleged abuse of office to the tune of Three Hundred and Sixteen Million Nine Hundred and Seventy One Thousand, One Hundred and forty Six Naira. The accused as Acting Managing Director of Uda Community Bank now Uda Microfinance Bank, allegedly raised different over drafts at different times in favour of several account holders above the limit laid down by the law and the bank’s regulation. He pleaded not guilty to all the counts when they were read to him in court. One of the counts reads: “that you Fredrick Ogbuifun while being the Acting Managing Director of Uda Community Bank Nigeria Limited (now Uda Microfinance Bank Limited) on or about the 22nd of October 2007 within the jurisdiction of this honourable court did knowingly grant and approved an overdraft in the sum of Three Million, One Hundred and Fifty Thousand, Six Hundred Naira (N3, 150, 000, 600.00) in favour of Assurance Venture Ltd an account holder with account No. 1210200072 which said sum is above your limit as the Acting Managing Director of the bank as laid down by the law and in accordance with the bank’s regulation and thereby committed an offence contrary to Section 15(1)(a)(b) of the Failed Banks (Recovery of Debt) and Financial Malpractices in Banks Act CAP F2 of the Revised Edition (Laws of the Federation of Nigeria 2007 and punishable under Section 16(1)(a) of the same Act”.

Criminologist Jailed for Internet Fraud

Criminologist Jailed for Internet Fraud A graduate of Criminology and Security Services, Adeusi Demola Olatunji, was on Monday, May 13, 2019 sentenced to four months...

Presidential Panel Dragged to Court Over Illegal Take Over of Property

Presidential Panel Dragged to Court Over Illegal Take Over of Property The Special Presidential Investigation Panel on Recovery of Public Property (SPIP) has been dragged...

NBA Must not Allow Corruption to Kill Nigeria

Gentlemen of the noble and learned profession, I welcome you all to this meeting. I am indeed, highly honoured that the National Executive of...

EFCC Arraigns Four for $1m Fraud

The Economic and Financial Crimes Commission, EFCC, on Wednesday February 8, 2017 arraigned the quartet of Umar Audu Bida, Truth Igogori, Ifenyinwa Nwankwesiri and Ogechukwu Obaji before Justice Binta Nyako of the Federal High Court sitting in Maitama, Abuja on a 9-count charge bordering on conspiracy, forgery and obtaining by false pretence to the tune of $1million (One Million US Dollars). The accused were arraigned alongside four companies: Universal Contractors, Lambda Energy Services Limited, Double Wonder Concept Limited, and ICS Energy Services Limited. Bida and his co-accused sometime in 2014 allegedly conspired to defraud one Donald Latella of North Park LLC of $1million under the pretext of supplying about two million barrels of Bonny Light Crude Oil.

Anti-Corruption: EFCC Establishes Ilorin Branch to Serve Kwara People

Anti-Corruption: EFCC Establishes Ilorin Branch to Serve Kwara People Former President of the Appeal Court, retired Justice Isa Ayo Salami on Tuesday, May 28, 2019,...

Nigerian Court Jails Nine Foreigners for Illegal Oil Bunkering

.. Two Nigerians Also Bag Two Year Jail Justice Ibrahim Buba of the Federal High Court, Lagos today December 15, convicted and sentenced nine foreigners...

EFCC Graduates 331 Operatives

The Economic and Financial Crimes Commission, EFCC on January 13, 2017 graduated 331 cadets of the Detective Assistant Grade, trained alongside 1498 officers of the Nigerian Air Force at the Ground Training School, Nigerian Air Force Base, Kaduna. The colourful passing out parade climaxed 6 months of rigorous training to equip the officers with the relevant skills of law enforcement. Speaking at the occasion, the Chief of Air Staff, Air Marshall S. B. Abubakar, who doubles as the Reviewing Officer, congratulated the operatives of the EFCC for their gallantry and brilliance. “I want to congratulate the operatives, I am sure you will find the training useful in your career", he said.

Illegal Oil Bunkering: YOU HAVE A CASE TO ANSWER- Court...

Justice Ibrahim Buba of the Federal High Court sitting in Lagos, has told 14 foreigners,  arraigned by the Economic and Financial Crimes Commission, EFCC,...

ICPC Docks Ex-DG SMEDAN Masari over N119.8m Bribe

ICPC Docks Ex-DG SMEDAN Masari N119.8m Bribe The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has arraigned a former Director General of the...

Tuoyo Omatsuli’s N1.8bn Properties Forfeited by Court Order

Tuoyo Omatsuli’s N1.8bn Properties Forfeited by Court Order Justice Chuka A. Obiozor of the Federal High Court sitting in Ikoyi, Lagos, on Monday, December 10,...

Money Laundering: Magu Meets UAE Envoy

“The fight against graft requires the collaborative support of all and sundry, most especially the international community for it to be won”, Magu said. According to the EFCC boss, the present administration in the country is poised to recover the nation’s commonwealth looted and laundered in foreign countries by corrupt elements. He said the Commission has intelligence that the UAE is considered a safe haven by corrupt politically exposed persons in Nigeria.

Medical Director, Lawyer Arraigned for Offering Bribe To EFCC Operatives

The Economic and Financial Crimes Commission, EFCC, has arraigned the Chief Medical Director of Federal Medical Centre, Owo, Ondo State,  Dr Olufemi Omotosho and...

I Will Rid NPA of Corrupt Practices- MD Hadiza

I will not be cowed or intimidated into conforming to corrupt practices of cheating the Federal government of its revenues.

Anti-Graft War: EFCC Seeks Army Support

The Economic and Financial Crimes Commission, EFCC has called on the Nigerian Army to partner with it in the difficult task of fighting corruption...

Oil Theft: EFCC Arraigns Six, Vessel

The Economic and Financial Crimes Commission, EFCC, today February 25, 2015 arraigned Abu Sunday Smith, Albert Azasu, Lawal Abdul Akinola, Simeon Inatemi John, Sunday...

Finally, Metuh Provides Break-Down of N400m Media Campaigns

Finally, Metuh Provides Break-Down of N400m Media Campaigns Olisa Metuh, the former National Publicity Secretary of the People's Democratic Party, PDP, on Tuesday, May 28,...

Goje : More Exhibits Presented in Court

The trial of a former governor of Gombe State, Senator Danjuma Goje, along with three others, who are being prosecuted by the Economic and...

EFCC Arraigns Four Filipinos, Five Bangladeshis for Illegal Oil Bunkering

The Economic and Financial Crimes Commission, EFCC, today June 18, arraigned Nine foreigners and one vessel alleged to be involved in illegal oil bunkering...

EFCC Commends CJN Over Anti- Corruption Courts

EFCC Commends CJN Over Anti- Corruption Courts The Economic and Financial Crimes Commission, EFCC has described as a welcome development, the directive of the Chief...

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