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All posts tagged "EFCC"

  • Nigeria Ranked World’s Seventh In Money Laundering

    The quest by the Federal Government to tackle corruption squarely received another challenge as a recent report from the U.S based Strategic Study and Advocacy Group the Global Financial Integrity recently rated Nigeria in the first 10...

    • Posted December 14, 2012
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  • Crime Watch: EFCC Seized N15.5b at airports – Lamorde

    The Economic and Financial Crimes Commission (EFCC) Chairman Ibrahim Lamorde yesterday said this year alone the commission has intercepted N15.5 billion at the nation’s airports.   Speaking at the 2012 International Anti-Corruption Day celebrations, with the theme...

    • Posted December 11, 2012
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  • Crime Watch: EFCC Moves to Investigate Illegal Clearance of 35 Containers

    Officers of the Economic and Financial Crimes Commission (EFCC) are set to pounce on importers and clearing agents at the Lagos ports today to investigate the illegal clearance of 35 containers. The 35 containers were bound for...

    • Posted December 10, 2012
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  • Pro-Corruption Government?: FG Slashes N11.7 billion from EFCC’s 2013 Budget

      The Economic and Financial Crimes Commission (EFCC) might not be very effective in 2013 because the Federal Government has reduced its budget for 2013 by over N11.7 billion. This development was disclosed by the chairman of...

    • Posted December 4, 2012
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  • EFCC Debunks Rumours over Babalakin’s Trial

    The Economic and Financial Crimes Commission (EFCC) yesterday came out to clarify misconceptions that the court stopped EFCC from prosecuting the Chairman of Bi-Courtney, Dr. Olawale Babalakin. EFCC’s head of Media and Publicity, Mr. Wilson Uwujaren made...

    • Posted December 2, 2012
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  • EFCC Accuses Babalakin of Laundering N3.4b for Ibori through Mauritius

    The Economic and Financial Crimes Commission (EFCC) has accused the Chairman of Bi-Courtney, Dr. Olawale Babalakin, and four others for laundering money for former Delta Governor James Ibori through Mauritius. EFCC said Dr. Olawale Babalakin, Stabilini Vision...

    • Posted November 23, 2012
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  • A Subsidy Drama: The EFCC’s Romance with The Chairman’s Son

    In the war against terrorism, some countries refuse to negotiate with terrorists. These countries are the ones that are more successful than others. In the war against financial and economic terrorism or crass corruption, Nigeria always chooses...

    • Posted November 14, 2012
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  • Cash Smugglers: EFCC Arrests Two with $250,000, Solid Gold Nuggets Worth N34 Million

    The Economic and Financial Crimes Commission, EFCC has arrested two suspects over an attempt to smuggle more than $238,858 ( two hundred and thirty eight thousand, eight hundred and fifty eight United States Dollars) out of the...

    • Posted November 9, 2012
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  • Fuel subsidy fraud: EFCC Probes Eleven more marketers

    The Economic and Financial Crimes Commission (EFCC) yesterday probed over 11 marketers in connection with the N382 billion fuel subsidy fraud uncovered by the Presidential Committee on Verification and Reconciliation of Fuel Subsidy Payments.   EFCC acted...

    • Posted November 7, 2012
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  • EFCC Moves to tackle Money laundering and Terrorist Financing

    In a bid to tackle corruption and insecurity in the country, the Executive Chairman, Economic, and Financial Crimes Commission (EFCC), Ibrahim Lamorde has called for a strong political resolve to deal with money laundering and terrorist financing....

    • Posted October 25, 2012
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