A Court of Appeal sitting in Lagos, on Friday ruled out four of the 10 count charges filed by the Economic and Financial Crimes Commission, EFCC against Akwa Ibom State Governor, Udom Emmanuel, Nigerian Bar Association, NBA, President, Paul Usoro, SAN and two others over alleged N1.4 billion fraud. Others mentioned in the charged include Akwa … Read more
Former president of the senate, Bukola Saraki, has disclosed how suspended acting chairman of the Economic and Financial Crimes Commission (EFCC), Ibrahim Magu, reacted to his rejection by the upper legislative chamber. Saraki said the embattled EFCC helmsman did not take his rejection in good faith and he became embittered afterwards. Saraki disclosed this while … Read more
In less than twenty-four hours after he was set free from police custody, the suspended interim chairman of the Economic and Financial Crimes Commission (EFCC), Ibrahim Magu, has written to the presidential committee looking into the allegation of mismanagement of the agency. In the letter addressed to the chairman of the panel, Ayo Salami, one … Read more
The Economic and Financial Crimes Commission (EFCC) decision to seek the final forfeiture of two houses in Ilorin belonging to former Senate President, Bukola Saraki to the federal government, was struck out by a Federal High Court in Lagos on Thursday July 16. Recall that the EFCC had obtained a court order for the interim … Read more
Economic and Financial Crimes Commission Coalition of South East Youth Leaders (COSEYL), a non-governmental organisation, on Thursday called for review of the Economic and Financial Crimes Commission (EFCC), Act to enable it to serve Nigerians better. COSEYL also asked for reforms in EFCC to ensure its competence and effectiveness in checking corruption. Read Also: BREAKING: … Read more
The suspended Acting Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ibrahim Magu on Wednesday wrote to the Justice Ayo Salami-led Presidential panel investigating a 21-point allegation of corruption and insubordination filed against him by the Attorney-General of the Federation and Minister of Justice, Mr. Abubakar Malami, asking for copies of the AGF’s … Read more
Suspended acting chairman of the Economic and Financial Crimes Commission (EFCC), Ibrahim Magu, has said the allegation against are targeted at smearing his reputation. Magu made this known in an interview with The Nation hours after he regained his freedom having spent nine days in detention. Magu said he was astounded when he read the … Read more
Ibrahim Magu, the suspended chairman of the anti-graft agency, EFCC, has been released. Mr Magu was released from detention on Wednesday evening. Read Also: Breaking!!! Hope Rekindles As Lagos Missing Nurse Is Discovered In Osun State He was arrested last week Monday and has been detained by the police since then. He has been appearing … Read more
The suspended acting chairman of the Economic and Financial Crimes Commission (EFCC), has been released on bail. He was arrested and detained on Monday, July 6, 2020, following a summons by the presidential panel probing his activities in office His probe is sequel to corruption allegations levelled against him by the attorney general of the … Read more
A former Nigerian Maritime Administration and Safety Agency (NIMASA) Executive Director (ED), Captain Ezekiel Bala Agaba, has been Convicted for laundering N1,541,408,666.00(billion). The presiding judge, Justice Ibrahim Buba, sent Agaba to fourty nine years in prison after finding him guilty of seven counts of conversion and criminal breach of trust filed against him by the … Read more
As the investigation of suspended Chairman of the Economic and Financial Crimes Commission garners momentum and more revelations laid bare, about twelve (12) Directors and highly placed staff of the Commission have been asked to embark on immediate suspension. The notice of suspension was made known to the Interim Chairman of the Commission, Mr. Umar, … Read more
In line with the current investigation into the shady activities of the suspended Boss of the Economic and Financial crimes Commission, EFCC, Mr Ibrahim Magu by the Presidential Committee on Audit of Recovered Assets (PCARA), the Federal government has directed intelligence agencies to build up surveillance on the headquarters of the commission and its branch … Read more
No fewer than 12 directors and top staff of the Economic and Financial Crimes Commission (EFCC) have been suspended with immediate effect. The affected officials are notified of the development in a letter to the Acting Chairman of the Commission, Mr. Mohammed Umar, on Tuesday night by the Office of the Attorney-General of the Federation. … Read more
The Presidential Committee on Audit of Recovered Assets (PCARA) has accused suspended acting chairman of the Economic and Financial Crimes Commission (EFCC) of turning the EFCC into a “glorified police station” for alleged selfish interests . The committee levelled the accusation against the embattled acting chairman of the EFCC in a report. President Muhammadu Buhari … Read more
Suspended acting chairman of the Economic and Financial Crimes Commission (EFCC), Ibrahim Magu has been accused of illegal selling off of 332 out of the 836 recovered real estate property in March 2018. In a report, the Presidential Committee on Audit of Recovered Assets (PCARA) said the property Magu unaccounted for is worth billions of … Read more
Economic and Financial Crimes Commission, EFCC has accused governorship candidate of the All Progressives Congress, APC, in Edo State, Pastor Osagie Ize-Iyamu for allegedly laundering the sum of N700m. The Commission has informed a Federal High Court in Benin City, that Ize-Iyamu and his fellow suspects took possession of about N700 million without any contracts. … Read more
Senior advocate of Nigeria (SAN), Femi Falana, has described as damming a newspaper report that he is a party to the corrupt practices of the suspended acting chairman of the Economic and Financial Crimes Commission (EFCC). The newspaper report claimed that Magu received laundered money from Ibrahim Magu. Magu is facing interrogation by a presidential … Read more
The Presidential Committee on Audit of Recovered Assets (PCARA) says Ibrahim Magu, suspended acting chairman of the Economic and Financial Crimes Commission (EFCC), allegedly used third parties to launder funds abroad. A report by the committee revealed that Magu is using a cleric as front to launder funds from the commission. Magu is currently being … Read more
The panel investigating Ibrahim Magu, suspended acting chairman of the Economic and Financial Crimes Commission (EFCC), has uncovered massive corruption and malfeasance in the commission. The panel indicted the anti-graft agency of re-looting some recovered loot, it disclosed that the suspended chairman, Magu, siphoned the commission’s money through various means and also received bribe from … Read more
The presidency has said probe of the suspended acting chairman of the Economic and Financial Crimes Commission (EFCC) Ibrahim Magu is a testament to the genuine effort of the president Muhammadu Buhari-led administration to tackle corruption head-on. The presidency, who defended the suspension of the embattled helmsman of the EFCC who’s being investigated for alleged … Read more