The House of Representatives Committee on Drugs, Narcotics, Financial Crimes and Anti-Corruption on Friday, January 27th, 2012 called for enhanced funding of the activities and operations of the Economic and Financial Crimes Commission, EFCC. Chairman of the Committee, Honourable Jagaba Adams Jagaba made this call at a meeting where the Acting Chairman of the EFCC, Mr. Ibrahim Lamorde presented the Commission’s budget proposal to it.  ...

A Federal High Court sitting in Ikoyi, Lagos State, has sentenced an electrician, Adeniran Sikiru Adekunle, 39 to three years imprisonment over a case of unlawful possession of foreign fake cheques. In a summary trial, Adekunle pleaded guilty to an amended three count charge preferred against him by the Economic and Financial Crimes commission upon which Justice Tsoho pronounced him guilty as charged and sentenced him accordingly.  ...

Justice Charles Achibong of the Federal High Court, Lagos has adjourned to January 31, hearing in the application brought by the Economic and Financial Crimes Commission, EFCC seeking to disqualify the trial judge from handling the case involving Erastus Akingbola, former managing director/chief executive officer of Intercontinental Bank Plc.  ...

Against the backdrop of rising expectations of Nigerians from the Economic and Financial Crimes Commission, EFCC, the American Ambassador to Nigeria , Mr. Terence McCulley, on Wednesday, January 25th, 2012, expressed the desire of the American government to continue to collaborate with the EFCC in its task of fighting economic and financial crimes. Ambassador McCulley said this while paying a courtesy visit to the Acting Chairman of the EFCC, Mr. Ibrahim Lamorde at the EFCC’s corporate headquarters in Abuja . He explained that the United States has interests in deepening relationships with the EFCC under the leadership of Mr. Lamorde. “We are ready to work with EFCC under your leadership. We commend your efforts to regain the credibility that EFCC has lost in the past”, McCulley said.  ...

The Economic and Financial Crimes Commission Tuesday, January 24, 2012 arraigned four persons – Saturday Ovie, (aka David Makos, Olu Shola, Dr. Segun Obasanjo), Udugba Benson, Boyo Oritsetimiyn Bobby and Ovisco-Link Nigeria Limited before a Federal High Court sitting in Ikeja, Lagos for allegedly obtaining various sum of money ($67,740 Dollar and N104, 366.69) under false pretence from one Filip Disanza, a German national. The accused persons were arraigned on a 7 count charge before Justice Stephen Adah.  ...

The Senate CoAAmmittee on Drugs, Narcotics, Financial Crimes and Anti-Corruption on Tuesday, January 24, 2012, decried the reduction of government’s allocation to the Economic and Financial Crimes Commission, EFCC in the 2012 budget estimates. Chairman of the Committee, Senator Victor Lar, expressed this reservation at a Senate Committee meeting where the Acting Chairman of the EFCC, Mr. Ibrahim Lamorde presented the EFCC’s budget proposal to it.  ...

The Economic and Financial Crimes Commission, EFCC, on January 23rd, 2012, told an FCT High Court, sitting in Abuja , that a former Speaker of the House of Representatives, Dimeji Bankole and his Deputy, Usman Nafada, have a case to answer in the on-going case of N38 billion fraud and criminal breach of trust instituted against them. This submission was made in response to an application for a no-case submission filed by Bankole and Nafada’s counsel on the ground that the EFCC has no sufficient evidence to prosecute their clients.  ...

An Ogun State High Court, sitting in Abeokuta , on January 20, 2012, dismissed an application filed by a former governor of the state, Gbenga Daniel, to stop his trial. Daniel is being prosecuted by the Economic and Financial Crimes Commission, EFCC, on a 43 count-charge of stealing, fraudulent conversion by trustee, failure to declare assets as well as corruptly obtaining public property while in office as governor.  ...

The trial of former governor of Ogun State, Otunba Gbenga Daniel on charges of criminal embezzlement of funds and diversion of properties and lands belonging to the Ogun State government, brought against him by the Economic and Financial Crimes Commission, resumed Thursday 19th January, 2012 at the Federal High Court, Abeokuta, Ogun State, with the accused person challenging the jurisdiction of court and seeking to quash the charges preferred against him.  ...

The Chairman, Pension Reform Task Team, Alhaji Abdulrasheed Maina on Thursday, January 19th, 2012, disclosed that a whooping N151billion fraud had been un-covered in pension offices across the nation, through the assistance and intervention of the Economic and Financial Crimes Commission, EFCC. He stated this while on a courtesy visit to the Acting Chairman of the EFCC, Mr. Ibrahim Lamorde.  ...

A Lagos High Court sitting in Ikeja, Lagos state, has sentenced a foodstuff seller, Samuel Nelson Nwankwo to two and half years imprisonment over a case of impersonation and obtaining the sum of $243,500 .00 under pretences from a businessman. Justice Habeeb Abiru, delivering judgment in a case of conspiracy, forgery, impersonation and obtaining money under false pretence preferred against Nwankwo by the Economic and Financial Crimes Commission, found him guilty of all the charges imputed to him and jailed him accordingly. He also ruled that the convict should refund a total sum of twenty thousand United States Dollars ($20,0000) to his victim as restitution.  ...

The trial of former Managing Director of Bank PHB Plc, Mr. Francis Atuche and two others, on theft charges preferred against them by the Economic and Financial Crimes Commission, EFCC continued on Wednesday January 18 with the prosecution informing the court that it had lined up twelve more witnesses to testify against the accused persons.  ...

The attention of the Economic and Financial Crimes Commission, EFCC has been drawn to a report that appeared on its website this morning and entitled, Fuel Subsidy Scam: EFCC Detains Adenuga, Otedola, Others ...

The Federal Road Safety Commission, FRSC has indicated its readiness to collaborate with the Economic and Financial Crimes Commission, EFCC, in a bid to curb the proliferation of identity forgery and fight the menace of global money laundering. This position was disclosed on Tuesday, January 10th , 2012 by the Corp Marshall and Chief Executive,  Mr. Osita Chidoka while on a courtesy visit to the Acting Chairman of the EFCC, Mr Ibrahim Lamorde.  ...

A Federal High Court sitting in Abuja has sentenced Abdulkadir Ntiem who was prosecuted by the Economic and Financial Crimes Commission, EFCC, to seven years imprisonment for defrauding one Mark Anthony Ugochukwu to the tune of N4.5 million (four million, five hundred thousand naira). Ntiem was arraigned on March 2, 2011, with a five count charge before Justice Balkisu Bello Aliyu.  ...

The Economic and Financial Crimes Commission, EFCC, has arrested the duo of Sani Garba Musa and Jamimah Ayuba who engage in importing, selling and distributing illicit devices capable of illegally accessing Multichoice Nigeria, MCN, Limited‘s broadcast signals to unsuspecting members of the public.  ...

The Economic and Financial Crimes Commission, EFCC, has described a motion on notice filed by ex-governor Abubakar Audu of Kogi State seeking for an order of Kogi State High Court to stay further proceedings in the N4 billion corruption charges against him as an abuse of court process.  ...