Ibeto Enters Plea Bargain, Returns N1.5bn In N4.8bn Fraud Case

Eko Hot Blog reports that the Economic and Financial Crimes Commission, EFCC, has told Justice Oyindamola Ogala of the Lagos High Court sitting in Ikeja that the Chairman of Ibeto Energy Development Company, Cletus Ibeto, has paid back N1.5 billion in two tranches in respect of the N4.8 billion fraud allegations for which he was … Read more

EFCC Cracks Down On ‘Dollarization’, Summons University Owners Over Dollar Fee Charges

Eko Hot Blog reports that the Economic and Financial Crimes Commission (EFCC) has disclosed that it has set up a Special Task Force in all its Zonal Commands to tackle the ‘dollarization’ of the economy. It added that it has invited proprietors of private universities and other institutions of higher learning in Nigeria charging fees … Read more

‘We’ll Go After Those Keeping Looted Funds Abroad’ – EFCC Vows

EFCC

EKO HOT BLOG reports that Economic and Financial Crimes Commission (EFCC) Chairman Ola Olukoyede, declared yesterday that there was no more hiding place for public fund looters. He said every stolen fund would be recovered to develop the country’s social systems. EDITOR’S PICKS Nigeria Will Clear FX Backlog – Tinubu Promises Ondo Commissioner Writes Aiyedatiwa, Alleges … Read more