EFCC
N5.46bn Subsidy Scam: EFCC SEEKS BENCH WARRANT ON OGUNBAMBO
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- Written by Abdullahi Haruna Ibrahim
The Economic and Financial Crimes Commission EFCC, on Thursday, December 12, 2013 prayed a Lagos High Court sitting in Ikeja to issue a bench warrant on Oluwaseun Ogunbambo and grant it power to verify a medical report presented to the court by the accused. In the medical report, Ogunbambo claimed to be sick and could not present himself in court for trial.
Money Laundering: SCUML Urges DNFI’s To Brace Up For Compliance
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- Written by Abdullahi Haruna Ibrahim
The Special Control Unit Against Money Laundering has charged Self- Regulatory bodies in Nigeria to prevail on their members to comply with Money Laundering law and regulations. Bala Sanga, Director SCUML who gave the charge Thursday, December 12, at the start of a three-day retreat organized by the agency for heads of self regulatory bodies at the EFCC Academy, Karu, Abuja, revealed that aggressive enforcement of compliance by Designated Non Financial Institutions, DNFI’s will begin in January 2014.
Corruption Fight is Irreversible - Lamorde
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- Written by Abdullahi Haruna Ibrahim
Chairman of the Economic and Financial Crimes Commission, EFCC, Ibrahim Lamorde has again restated the Commission’s resolved to eradicate corruption and other forms of economic and financial crime in Nigeria. Lamorde stated this at an event to mark this year’s World Anti-Corruption Day, held at the Shehu Musa Yar ‘Adua Centre, Abuja.
Babalakin's Sudden Appearance in Court Forestall Bail Revocation
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- Written by Abdullahi Haruna Ibrahim
There was a mild drama in Lagos on Monday, December 9, 2013 as the Economic and Financial Crimes Commission EFCC, through its counsel, Rotimi Jacobs SAN, told Justice Lawal Akapo of a Lagos High Court sitting in Ikeja to revoke the bail granted Chairman of Bi-Courtney Highway Services Limited, Dr. Wale Babalakin. Babalakin is standing trial alongside Alex Okoh and three companies: Stabilini Visioni Limited, Bi-Courtney Limited and Renix Nigeria Limited on a 27-count charge that borders on conspiracy to commit felony, corruptly conferring benefit on account of public action and retention of proceeds of a criminal conduct to the tune of N4. 7 Billion. Jacob argued that Babalakin was conspicuously absent in court for the second time, after he failed to show up on November 27, 2013, which led to an adjournment.
Court Defers Akingbola’s Re- arraignment Till March 2014
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- Written by Abdullahi Haruna Ibrahim
A Lagos High Court sitting in Ikeja on Monday, December 9, 2013 postponed till March 2014, the re-arraignment of a former Managing Director and Chief Executive Officer, Intercontinental Bank Plc (now Access Bank Plc), Mr. Erastus Akingbola and his associate, Bayo Dada who are standing trial in a N47billion stealing charge instituted against them by the Economic and Financial Crimes Commission, EFCC.
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