Tag Archives: EFCC

EFCC Uncovers Diezani’s $1.3bn Withdrawal From NNPC Accounts

There seems to be no end to the alleged mind-boggling financial misappropriation in the former President Goodluck Jonathan administration. In the centre of it all is, according to records unearthed by investigators, former Minister of Petroleum Resources Mrs. Diezani Alison-Madueke. Economic and Financial Crimes Commission (EFCC) detectives have just uncovered the withdrawal of $1.3billion from […]

Ikoyi Flat: Union Bank loses fight for dollar-filled flat

 Union Bank’s fight for the repossession of the cash-filled Flat 7B Osborne Towers Ikoyi has ended up in smoke. A Federal High Court in Lagos  dismissed the bank’s claim today, ridiculed the bank  as a busybody, just as the court ordered the permanent forfeiture of the property to the Federal Government of Nigeria. The flat attracted […]

$500m Abacha’s Loot Diverted

Controversy has emerged over the $500 million recovered from the late Gen. Sani Abacha’s family as report indicates that the money was diverted. The Economic and Financial Crimes Commission (EFCC) is said to be probing the location of the money which was recovered from the family of the late Head of State during ex-President Goodluck […]

I spent N3.5bn on sick children – Patience

Mrs. Patience Jonathan says her foundation Aruera Reachout Foundation, spent over N3.5bn for the treatment of 700 children and adults with heart-related ailments according to PUNCH. She, therefore, rubbished allegations by the Economic and Financial Crimes Commission that she used her foundation to launder stolen funds. Patience, who is the wife of former President Goodluck […]

Seized Oil Vessels, Products to be Auctioned – EFCC

As part of arrangement to auction forfeited petroleum products and vessels, which are proceeds of crimes seized from illegal oil bunkers the Economic and Financial Crimes Commission, EFCC, on Tuesday held a pre-bid meeting with shortlisted auctioneers at the EFCC Academy, Karu, Abuja. One of the vessels used in smuggling oil The Acting Chairman, EFCC, […]

EFCC Allegedly Traces $487.5 Million, N47.2 Billion to Diezani; See Full Details

Barely 48 hours after a court permanently forfeited a $37 million mansion at Banana Island Lagos owned by former Petroleum Minister Diezani Alison-Madueke to the Federal government, the Economic and Financial Crimes Commission, EFCC claimed it has traced over N47.2 billion and $487.5 million in cash and properties to the former minister. The EFCC says the above discoveries […]

AGF Demands Status Updates on Cases Handled by EFCC

The atmosphere at the Abuja headquarters of the Economic and Financial Crimes Commission (EFCC) was said to have been palpably tense on Wednesday following receipt of a letter from the attorney-general and minister of justice, Mr Abubakar Malami SAN. In the letter dated August 1, the AGF directed the EFCC under the leadership of its acting […]

EFCC to Use Statements from Andrew Yakubu, Others as Evidence Against Diezani in US, UK

  The Economic and Financial Crimes Commission (EFCC) is said to have declared its readiness to present evidence against a former minister for petroleum resources, Mrs Diezani Alison-Madueke for her trial set to commence in the United States (US) and the United Kingdom (UK). The anti-graft agency will also be presenting evidence against Diezani’s allies and alleged […]

National Intelligence Agency (NIA) Claims Ownership of $43 million Seized by EFCC

The National Intelligence Agency (NIA) is claiming ownership of the $43,449,947, £27,800 and N23, 218,000 seized Wednesday by the Economic and Financial Crimes Commission from Osborne Towers, a luxury residential complex in Ikoyi, Lagos, owned by Mr. Adamu Muazu, a former governor of Bauchi state and ex-National Chairman of the Peoples Democratic Party (PDP), THE WILL reports. […]

EFCC Transfers Femi Fani-Kayode to Kuje Prison

The ongoing trial of a former Minister of Aviation, Chief Femi Fani-Kayode, and two others for an alleged fraud of N4.9bn was stalled on Monday due to Fani-Kayode’s absence before the Federal High Court in Lagos. ‎Fani-Kayode’s lawyer, Mr. Wale Balogun, informed the presiding judge, Justice Muslim Hassan, that his client was unable to come […]
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