EFCC
Bawa Charges Media to Shun Biases in Reporting Economic Crimes
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- Written by Chinonso Igwe
He gave the charge on Wednesday, August 17, 2022 in Abuja while declaring open a One- Day Workshop on Financial Crimes Reporting organised by the EFCC for Financial Crimes Reporters.
Bawa explained that the EFFC is making progress in securing convictions, pointing out that as at August 5, 2022, the Commission has secured 2210 convictions. “This is just ten convictions short of the 2220 convictions secured in 2021”, he said. He assured Nigerians of an improved naira exchange rate, stressing that through the EFCC’s intervention, the declining exchange rate of the naira has been reversed.
“One achievement which most of you may not easily recognise is the impact which EFCC’s intervention in the Forex market has had on the value of the naira. From well over N710 to the dollar, following the Commission’s intervention, the naira has appreciated significantly against the dollar in the parallel market, and we are not relenting in our efforts to check harmful speculative activities in the sector. I urge you to also beam your searchlights on this area as it is in our collective interests to have a national currency whose value is not subject to the whims of crooked speculators”, he said.
EFCC Charges DNFBPs on New Anti-money Laundering Legislation
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- Written by Chinonso Igwe
The Economic and Financial Crimes Commission, EFCC, has called on Designated Non-Financial Businesses and Professions, DNFBPs, to conduct their dealings in line with the provisions of the newly enacted Money Laundering Prohibition and Prevention Act 2022.
The Lagos Zonal Commander of the EFCC, Ahmed Ghali, gave the charge today, August 17, 2022, during a two-day sensitization programme organised by the Special Control Unit Against Money Laundering, SCUML, for DNFBPs on the implementation of the newly passed AML/CFT Legislation.
According to him “This sensitization is important because we do not want friction between the EFCC and DNFBPs, as we have seen in recent times.
Bawa Assures CSOs of Collaboration in Fight Against Economic Crimes
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- Written by Chinonso Igwe
The Executive Chairman of the Economic and Financial Crimes Commission, EFCC, Abdulrasheed Bawa has assured Civil Society Organisations, CSOs, across the country of improved collaboration in the fight against corruption, stressing that partnership with stakeholders is one of the strategic objectives of the EFCC.
Bawa made this known on Tuesday, August 16, 2022 at the Commissions Headquarters, Jabi while addressing members of Committee of Youth on Mobilization and Sensitization, CYMS, during a Courtesy Call.
He commended the CYMS on identifying with the EFCC in the fight against corruption through its social media engagements and other programmes and expressed delight with volunteers in the group, urging them to mobilize more youths and patriotic Nigerians in driving the anti-corruption campaign.
Alleged $111,500,000 Fraud: Court Rules on Defendant’s Application for Stay of Proceedings August 2
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- Written by Chinonso Igwe
Justice Oluwatoyin Taiwo of the Special Offences Court sitting in Ikeja, Lagos, on Wednesday, August 17, 2022, adjourned till August 24, 2022 for ruling on an application seeking a stay of proceedings filed by one Stanley Okafor, who is facing trial over an alleged $111,500,000 fraud.
Okafor alongside his company, Larbrador Shipping Services Limited, is being prosecuted on an amended nine-count charge bordering on attempt to obtain money by false pretence, forgery and possession of documents containing false pretence.
The Economic and Financial Crimes Commission, EFCC, accused the defendant of committing the alleged offences said to be contrary to Section 8 (b) and 1 (3) of the Advance Fee Fraud and other Related Offences Act, 2006; Section 361 of the Criminal Law of Lagos State 2011, and Section 6, 8 (b) and 1 (3) of the Advance Fee Fraud and other Related Act, 2006.
EFCC Secures Conviction of Internet Fraudster in Lagos
- Details
- Written by Chinonso Igwe
The Lagos Zonal Command of the Economic and Financial Crimes Commission, EFCC, on Wednesday, August 17, 2022, secured the conviction and sentencing of one Badmus Usman Olaitan to one year in prison for romance scam before Justice O.O Abike-Fadipe of the Special Offences Court sitting in Ikeja, Lagos.
Olaitan was arraigned on an amended one-count charge.
The count reads: "Badmus Usman Olaitan, on or about the 20th day of January 2022 in Lagos, within the jurisdiction of this Honourable Court, with intent to defraud, had in your possession a document titled Google account personal info and other related documents for romance dating scam printed from your gmail account, which you knew to be false."
He pleaded “guilty” to the charge.
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