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All posts tagged "financial crimes"

  • Utomi denies funding presidential campaign with Bank PHB money

    Prof. Pat Utomi on Tuesday denied that he funded his 2007 election campaign with loans obtained from the former Bank PHB. Utomi, a former Executive Director of the bank, was also presidential candidate of the African Democratic...

    • Posted September 18, 2013
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  • Bank indicts EFCC over N2trn seized assets

    More facts emerged, yesterday, that the Economic and Financial Crimes Commission, EFCC, may have allegedly tampered with the N2 trillion seized assets and money recovered by the commission. The commission at the moment operates six different accounts,...

    • Posted July 17, 2013
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  • Customers issued N166bn dud cheques in 2012 – CBN

    The Central Bank of Nigeria, CBN, Wednesday, said banks’ customers across the country issue N166 billion worth of dud cheques in 2012. Commonly referred to as bounced or dishonoured cheques, dud cheques are cheques that banks cannot...

    • Posted July 11, 2013
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  • Ladipo Market ex-President accused of embezzling N46m, other funds

    Justice Olabisi Akinlade, of an Ikeja High court, was, yesterday, told how the embattled former president of Aguiyi Ironsi International Market, known as Ladipo Market, Jonathan Okoli, allegedly failed to remit the sum of N46million trade permit...

    • Posted July 3, 2013
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  • Govt to scrap BPE, NAPEP, NEIC, 217 other agencies

    The Federal Executive Council (FEC) has agreed to scrap the Bureau of Public Enterprises (BPE) and 219 other parastatals and agencies. There are about 540 of such agencies. Besides, the government is to merge the Economic and...

    • Posted July 2, 2013
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  • Subsidy fraud: How we got Arisekola’s son, others –EFCC

    The Economic and Financial Crimes Commission (EFCC), yesterday told a Lagos High Court sitting in Ikeja how the N1.1 billion subsidy fraud committed by Abdullahi, son of Aare Musulumi of Yorubaland, Alhaji Abdul-Azeez Arisekola-Alao and his company...

    • Posted May 15, 2013
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  • Akintola Williams, PPPRA responsible for subsidy overpayments – EFCC

    The Economic and Financial Crimes Commission has accused a leading accounting firm in the country, Akintola Williams Deloitte, and the Petroleum Product Pricing Regulatory Agency, of misleading the Federal Government to overpay some oil marketers under the...

    • Posted May 11, 2013
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  • Money Laundering: EFCC Raids Dubai estate firm

    The Special Control Unit Against Money Laundering, SCUML of Nigeria’s Economic and Financial Crimes Commission on Tuesday arrested officials of a real estate firm and two hotels in Abuja for non-compliance with extant regulations mandating Designated Non-...

    • Posted April 24, 2013
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  • N12billion pension scam: EFCC re-arrests ex-director, 9 others

    The Economic and Financial Crimes Commission, EFCC, yesterday, re-arrested the former Director of Pension Accounts in the Office of the Head of Civil Service of the Federation, OHCSF, Dr. Sani Teidi Shaibu, over his alleged complicity in...

    • Posted April 24, 2013
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  • EFCC arrests former Nigerian Security Printing and Minting Company boss, Ehi Okoyomon

    Former Managing Director of the Nigerian Security Printing and Minting Company, Ehi Okoyomon was arrested in Abuja   yesterday by operatives of the Economic and Financial Crimes Commission, EFCC. Okoyomon  who resigned recently following the  alleged  disappearance of...

    • Posted April 15, 2013
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