Financial Crimes

Reps direct EFCC to arrest, prosecute Maina

The House of Representatives has written the Acting Chairman of the Economic and Financial Crimes Commission (EFCC) Mr. Ibrahim Magu to arrest and prosecute the former Chairman of the Pension Reform Task Team, Mr. Abdulrasheed Maina ...

Read More »

We’ll pay Ikoyi whistle-blower this month – Fed Govt

The Minister of Finance, Mrs Kemi Adeosun, on Sunday said that the whistle-blower who informed the Economic and Financial Crimes Commission (EFCC) of the N13bn recovered from an Ikoyi apartment in Lagos would be paid this month ...

Read More »

Ikoyi cash whistle-blower threatens to sue FG over non-payment of commission

Yakubu Galadima, the lawyer of the whistle-blower who informed the Economic and Financial Crimes Commission (EFCC) of the $43m, N23.2m and £27,800 (N13bn) recovered from an Ikoyi apartment, says his client is prepared to sue the Federal Government for fraud if he is not paid ...

Read More »

Ikoyi cash: EFCC yet to pay 5% commission to whistle-blower, says lawyer …it’s not our job to pay informants, says Magu

The whistle-blower that gave information leading to the recovery of N13bn from Flat 7B Osborne Towers, Ikoyi, Lagos, has denied having been paid five per cent of the recovered sum ...

Read More »

UK Court jails five Nigerians for £610,000 telephone banking fraud

An Inner London Crown Court has sentenced five Nigerians to various jail terms over the theft of £610,000 from business bank accounts. According to reports, ...

Read More »

Osborne Towers: Whistle-blower on Ikoyi money now a millionaire — EFCC

The Economic and Financial Crimes Commission (EFCC) says the “young man” who blew the whistle on the massive stash of money recovered from an apartment in Ikoyi, Lagos, is now a millionaire ...

Read More »

Recovered $43.4m: Court orders forfeiture of Ikoyi flat in Osborne Towers

The Federal High Court in Lagos has ordered the temporary forfeiture of Flat 7B Osborne Towers, Ikoyi, Lagos where the sums of $43,449,947, £27,800 and N23,218,000 were discovered stashed in iron cabinets ...

Read More »

Sales rep bolts with employer’s N13.6m

The trial of a 33-year-old sales representative, Olajumoke Coker, who allegedly defrauded her employer of N13.6 million, began on Wednesday at an Ikeja Chief Magistrates’ ...

Read More »

Jersey Island gives conditions for release of $300m Abacha loot

The government of Jersey Island yesterday insisted that about $300million Abacha loot would not be released to Nigeria if a third party representation is brought into the picture ...

Read More »

Diezani: EFCC traces N950m to two ex-governors, detains Idris Wada

The Economic and Financial Crimes Commission (EFCC) on Monday traced N860m to the immediate past governor of Kogi State, Idris Wada; and a former acting ...

Read More »