The Economic and Financial Crimes Commission (EFCC) has begun preliminary moves to launch a probe into the controversy surrounding the $16 billion allegedly spent on power projects during the administration of former President Olusegun Obasanjo.
Sources close to the probe say the anti-graft...
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A report by the auditor-general of the federation seen by TheCable, revealed that the huge sum of money found at a residence in Ikoyi, Lagos state, was taken from Nigeria’s joint venture (JV) cash call account at the American bank, JP Morgan Chase.
Also, there was no official documentation for...
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ikoyi looted cash
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The Economic and Financial Crimes Commission (EFCC) has re-arrested the former Minister of Aviation, Mr. Femi Fani-Kayode.
Mr. Fani-Kayode was on Friday arrested by operatives of the anti-graft body, as he left the Federal High Court premises in Lagos.
Prior to Friday arrest, Fani-Kayode had...
Governor Ayodele Fayose of Ekiti State has fired back over claims that the former Minister of State for Defence, Mr. Musiliu Obanikoro allegedly told the anti-graft agency that he received money for his election from him.
Fayose, who denied the allegations in a statement, said rather than...
The federal government has initiated a fresh charge of money laundering against former Aviation Minister, Femi Fani-Kayode before the Federal High Court in Abuja.
The new charge marked: FHC/ABJ/CR/140/2016, which has Femi Fani-Kayode as the sole defendant, was filed by the Economic and...
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The Economic and Financial Crimes Commission has summoned some officials of the Department of State Services, who were attached to Dame Patience Jonathan, the wife of former President Goodluck Jonathan, for interrogation.
The invitation was part of investigations into the $15m frozen in four...
Following the guilty plea of 4 companies to money laundering, a senior EFCC official has stated that it would apply for full forfeiture of the $15m ex First Lady Patience Jonathan is laying claim to.
“The four companies, in whose accounts the monies were lodged, have pleaded guilty to money...
A Federal High Court in Abuja, has denied bail application for the former Deputy Governor of Osun state, Iyiola Omisore.
Omisore is presently in the custody of the Economic and Financial Crimes Commission (EFCC) for alleged fraud of 60 billion Naira.
Ruling on the former Deputy Governor’s bail...
Former Publicity Secretary of the Peoples Democratic Party, Olisa Metuh has disclosed that talks have begun between his legal team and officials of the Economic and Financial Crimes Commission to facilitate his return of N400million traced to him from defence funds.
The funds which were...
The Economic and Financial Crimes Commission has arraigned a former Chief of Air Staff, Adesola Amosu, before a Federal High Court in Lagos.
Mr. Amosu, a retired Air Marshal, was arraigned alongside Jacob Adigun, an Air Vice Marshal, and Gbadebo Olugbenga, an Air Commodore on a 26-count of...
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Former Kaduna state Governor, Alhaji Lamaran Yero have been arrested by the Economic and Financial Crimes Commission (EFCC).
Yero was arrested Monday in connection with the Deizani’s N23bn campaign fund.
According to DailyTrust, he spent the night at the commission zonal office in Kano, Daily...
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A Nigerian court on Friday jailed 14 foreign sailors from Russia, Ukraine, Philippine and Japan between two and five years for unlawful dealing in petroleum products in the country.
The federal high court in Lagos found the suspects guilty of illegally transporting 1,738 tonnes of crude oil and...