• Obanikoro Returns N134m To EFCC, Promises To Repay N450m next year

    Obanikoro Returns N134m To EFCC, Promises To Repay N450m next year

    There are indications that a former Minister of State for Defence, Senator Musiliu Obanikoro, on Monday returned N30m to the Economic and Financial Crimes Commission.

     

     

    The latest refund brings the total amount of money he has returned to the EFCC to N134m.

    “Obanikoro came on Monday and presented a draft of about N30m. Initially we did not want to collect it because it is small compared to what he is supposed to have given us. However, the legal department advised us to […]

  • Trump alleges fraud in US popular vote, says millions voted illegally

    Trump alleges fraud in US popular vote, says millions voted illegally

    President-elect Donald Trump stressed that he would have won the US popular vote were it not for “millions of illegal” ballots, while dramatically, in Trump-style sharpening his criticism of a recount in Wisconsin, calling it “a waste of time.”

    With the recount threatening the legitimacy of Trump’s victory, Trump let out a series of early-morning tweets where he quoted Clinton about the need to respect the electoral process, while continuing to wage an extraordinarily public battle over the makeup of his […]

  • 50-year-old woman arraigned for fraud in Lagos

    50-year-old woman arraigned for fraud in Lagos

    A woman, Editha Alimario, 50, who allegedly defrauded her friend of 4,500 dollars, has been brought before a Tinubu Magistrates’ Court in Lagos Island.

    Alimario, who is faced a three count of conspiracy, fraud and theft, of Friday pleaded not guilty.

    According to the prosecutor, Insp. Nurudeen Thomas, the accused committed the offences between March 11 and May 30 at Cooper Road, Ikoyi, Lagos.

    He said that the accused defrauded her friend, one Abisola Kola-Daisi, of 4,500USD, which is equivalent to N1.8million, under […]

  • FUNAAB VC, others arraigned over alleged N800m fraud

    FUNAAB VC, others arraigned over alleged N800m fraud

    According to reports, the Federal University of Agriculture, Abeokuta, FUNAAB, Vice Chancellor, Prof. Olusola Oyewole, as well as the school’s Pro-Chancellor, Adeseye Ogunlewe, have been arraigned in court on an 18-count charge of financial misappropriation.

    The Economic and Financial Crimes Commission, EFCC, on Friday arraigned the two officials, alongside the bursar of FUNAAB, Moses Ilesanmi.

    The three suspects, who were driven to the court by EFCC operatives in a Nissan Urvan bus, entered the dock at High Court 6 in Abeokuta, Ogun […]

  • Neymar’s family maintains innocence on corruption charges

    Neymar’s family maintains innocence on corruption charges

    Neymar’s father company, NN Consultoria, has responded to the latest attempt by Spanish prosecutors, to jail the Barcelona forward and insist they will be cleared of any wrongdoing.

    The authorities want a two-year prison sentence and €10 million fine for the Brazil forward, as well as jail terms for his parents, for alleged corruption involved in his transfer to Barcelona from Santos in 2013.

    An investment group, DIS, which owned 40% of Neymar’s economic rights, claims it received less money than it […]

  • Fed. Poly Ado Ekiti workers demand Rectors sack over alleged fraud, unpaid allowances

    Fed. Poly Ado Ekiti workers demand Rectors sack over alleged fraud, unpaid allowances

    Federal Polytechnic, Ado Ekiti, has witnessed  a peaceful protest by the institutions workers, demanding removal of the rector, Dr. Taiwo Akande, over alleged fraudulent practices and non-payment of allowances.

    The workers, who have been on strike since October 10 over allegation of financial profligacy leveled against the management, disrupted vehicular movement along Ado-Ijan-Ikare road for several hours.

    Led by a leader of the institution’s branch of the Academic Staff Union of Polytechnics (ASUP), Mr. Tunji Owoeye, and his counterpart in the Senior […]

  • Dasuki’s aide, 8 others charged with fresh N36.8 billion fraud

    Dasuki’s aide, 8 others charged with fresh N36.8 billion fraud

    It was gathered that the Economic and Financial Crimes Commission, EFCC, on Wednesday arraigned the quartet of Nicholas Ashinze, a former special assistant to the embattled former National Security Adviser, Sambo Dasuki; an Austrian, Wolfgang Reinl; Edidiong Idiong and Sagir D. Mohammed before Justice Gabriel Kolawole of the Federal High Court, Abuja on a 13-count charge of corruption and money laundering to the tune of N36.8billion.

    Mr. Ashinze, a colonel, and his co-accused were arraigned alongside five companies accused of allegedly […]

  • EFCC arrests Edo SUBEB bosses over N1.5bn fraud

    EFCC arrests Edo SUBEB bosses over N1.5bn fraud

    According to reports, the Economic and Financial Crimes Commission, EFCC, Ibadan Zonal Office has arrested the Executive chairman and Director of Finance of the Edo State Universal Basic Education Board (SUBEB), Mr. Stephen Alao and Mr. Adams Osabuohien respectively, in connection with an alleged case of abuse of office, diversion and misappropriation of funds to the tune of one billion and five hundred million naira (N1.5bn).

    According to an EFCC source, the duo who are still being interrogated by the operatives […]

  • DSS arrests insurance commissioner over allegations of fraud and financial mismanagement

    DSS arrests insurance commissioner over allegations of fraud and financial mismanagement

    Operatives from the Department of State Services and the Nigerian Police Force on Wednesday arrested the Commissioner for Insurance, Alh Mohammed Kyari, over allegations of fraud and financial mismanagement.

    The operatives who were on joint operation were said to have arrived the headquarters of the National Insurance Commission where the office of Kyari is located at about 9am and arrested the CFI.

    Kyari who was putting on a dark blue traditional attire and a cap to match was whisked away by operatives […]

  • EFCC arrests FUNAAB VC over alleged financial fraud

    EFCC arrests FUNAAB VC over alleged financial fraud

    According to reports, the Economic and Financial Crimes Commission (EFCC) has arrested the Vice Chancellor, Federal University of Agriculture, Abeokuta, FUNAAB, Prof. Olusola Oyewole.

    A source at the commission told newsmen on Wednesday in Abuja that Oyewole was arrested for alleged financial fraud.

    According to the source, the Vice Chancellor will be arraigned in court on Friday.

    When contacted, the spokesman of the EFCC, Wilson Uwujaren, declined comment on the issue.

    “I don’t have that information yet,’’ he said.

    Oyewole was invited by the commission […]

  • Fresh evidence as panel uncovers N2.17 billion fraud in Defense Ministry

    Fresh evidence as panel uncovers N2.17 billion fraud in Defense Ministry

    The presidential committee investigating arms purchase to prosecute the counter-insurgency war in the North-East has uncovered a N2.175 billion fraud in one of the agencies of the Ministry of Defense even as it was given November 30 as deadline to submit its report.

    The money, meant for arms procurement, was allegedly diverted by some individuals.

    Members of the committee believed the short deadline may have been engineered by powerful forces who were indicted in the alleged fraud. The committee which was set up […]