Financial Crimes

Innoson Group: I’m not aware of reasons for Chief Chukwuma’s arrest – AGF

The Minister of Justice and Attorney General of the Federation, (AGF) Abubakar Malami on Thursday said that he has not been briefed on why the Chairman of ...

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EFCC grants NFIU autonomy

Acting Chairman, Economic and Financial Crimes Commission (EFCC), Ibrahim Magu Wednesday told the Senate that the Nigeria Financial Intelligence Unit (NFIU) has been granted autonomy. ...

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Buhari promises more trouble for Ikoyi cash culprits

President Muhammadu Buhari on Tuesday said all those found culpable in the case of large amounts of foreign and local currencies recovered by the Economic and Financial Crimes Commission (EFCC) in a residential apartment ...

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UK set to return $85m Malabu oil loot to Nigeria

The United Kingdom (UK) has given the final clearance for Nigeria to draw down a whopping $85 million seized from entities embroiled in the controversial Malabu Oil scam ...

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Russian court jails ex-minister for bribery

A Russian court sentenced ex-economy minister Alexei Ulyukayev to eight years in prison on Friday after finding him guilty of taking a $2 million bribe ...

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Nigerian gets 18 years in prison for import scam

A Southern Vietnam court has sentenced a Nigerian  to 18 years in prison over a fake customs enforcement scam, state media reported on Friday. A ...

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EFCC/DSS clash: Senate grills Magu, Daura, others in secret

The Senate ad hoc committee set up to investigate the November 21, 2017, showdown between officials of the Department of State Services and the Economic ...

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Ikoyi whistle-blower leaves Nigeria as FG pays first tranche

The whistle-blower, who helped the Economic and Financial Crimes Commission (EFCC) recover the $43m, N23.2m and £27,800 (N13bn) from an Ikoyi apartment on April 12, 2017, has finally been paid his commission ...

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Corruption: Why FG yet to prosecute some treasury looters – Osinbajo

Vice-President, Yemi Osinbajo, on Monday said a couple of “strategic advice” from independent sources, anti-corruption committees and special panels set up for the recovery of assets that were allegedly looted by previous government ...

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Nigeria, US sign agreement on return of Abacha, Alamieyeseigha’s loot

The Attorney-General of the Federation and Minister of Justice, Mr. Abubakar Malami, has signed an agreement with the United States of America spelling out the roadmap for the return to Nigeria over $300m looted ...

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