EFCC
Collaborative Measures Crucial To Preventing Bank Failure In Nigeria-Bawa
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- Written by Chinonso Igwe
The Chairman of the Economic and Financial Crimes Commission, EFCC, Abdulrasheed Bawa, has called for collaborative measures by relevant stakeholders as a way of militating against bank failure in the country.
Bawa said forensic analysis of the annual reports, bank statements and other financial documents of some of the failed banks investigated by the EFCC clearly showed a pattern necessitating collaborative measures that could make the nation’s banking sector work more effectively.
Baba stated this on Wednesday, August 10, 2022 while delivering a goodwill message at the opening of a two-day workshop with the theme: “Effective Investigation and Prosecution of Banking Malpractices that Led to the Failure of Banks” organized by the Nigeria Deposit Insurance Corporation, NDIC, in Lagos.
The EFCC Chairman, who was represented by Ahmed Ghali, Zonal Commander, EFCC, Lagos Command, said though many households, small businesses and large corporations had always relied upon banks to provide their financial needs at one time or the other, most banks had fallen short of expectations in this regard due to fraud, mismanagement, inexperience and the initial absence of regulatory laws and authorities.
Court Remands Man for Alleged Diversion of N3.3m
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- Written by Chinonso Igwe
Justice I. A Yusuf of the Kwara State High Court, Ilorin on Wednesday, August 10, 2022 ordered the remand of 31-year-old Amedari Halilu Bala from Okengwe in Okene Local Government Area of Kogi State in the custody of the Nigeria Correctional Centre, Ilorin for alleged diversion of N3.3million.
The order was sequel to Bala's arraignment by the Ilorin Zonal Command of the Economic and Financial Crimes Commission, EFCC, on one count charge of criminal diversion of funds contrary to Section 308 of the Penal Code and punishable under Section 309 of the same Penal Code.
EFCC Tasks NACCIMA on Business Ethics, Integrity
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- Written by Chinonso Igwe
The Economic and Financial Crimes Commission has called on the Nigeria Chamber of Commerce Industry Mines and Agriculture, NACCIMA, to adhere to best practices in businesses and encourage its members to make integrity and ethical conduct their watchwords in their business engagements.
This charge was given in Abuja on Tuesday, August 9, 2022 by the Executive Chairman of the EFCC, Abdulrasheed Bawa while receiving a delegation of NACCIMA that paid a Courtesy Visit to the EFCC at its Corporate Headquarters. According to Bawa, who spoke through the Secretary to the Commission, George Ekpungu, the EFCC would always welcome business proposals that emphasize integrity and charged the leadership of NACCIMA to encourage its members to ply their businesses with eyes on best practices.
Earlier, the National President of NACCIMA, John Udeagbala, while explaining the rationale of his Association’s visit to the EFCC, sought exemption for its members from the rigorous processes of getting certificates of the Special Control Unit Against Money Laundering, SCUML.
Bawa Honours Winners of 2021 EFCC Essay Competition …Tasks Awardees to be good Ambassadors
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- Written by Chinonso Igwe
The Executive Chairman of the Economic and Financial Crimes Commission, EFCC, Abdulrasheed Bawa on Wednesday, August 10, 2022, at the Commission's headquarters in Abuja presented awards to the three winners of the 2021 EFCC Essay competition titled: “How to Fight Economic and Financial Crimes to Make Nigeria Great.”
The winners, Ehizogie Iyeomoan, an undergraduate student of Law at the Ambrose Ali University Ekpoma, Edo State; Omtoso Abiola Sodiq, an Engineering student of the University of Ibadan, Oyo State and Zeenat Magaji an undergraduate of Cyber Security at the Federal University of Technology Minna, Niger State, who emerged first, second and third best winner respectively, were among the over 5000 entries received by the Commission.
The EFCC Chairman, Abdulrasheed Bawa who lavished encomiums on the winners for distinguishing themselves in the service of the country, admonished other youths to tow the path of honour rather than crime by making Nigeria Great.
31 Arrested for Alleged Internet Fraud in Enugu
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- Written by Chinonso Igwe
Operatives of the Enugu Zonal Command of the Economic and Financial Crimes Commission, EFCC on Tuesday, August 9, 2022, arrested 31 suspected internet fraudsters from their hide out at Meniru Agbani Road and Diamond Estate, Enugu State. .
The suspects are: Daniel Chukwuemeka, Okechukwu Chisom, John Chizoba, Benard Uguochukwu, Nwobodo Christian, Nwiba Chukwuemeka, Eze Ani Ifechukwu, Chikwe James, Emmanuel Chukwuebuka, Ezugwu Chidera, Friday Daniel, Destiny Ekene, Prosper Nnachetam, Justice Chinedu and Bright Chimezie.
Others include Ezugu Nkejika, Echi Ikechukwu, Udeh Emeka, Charles Kosisochukwu, Ojinaka Smith, Ekene Chukwuebuka, Efe Samuel, Goodness Ifeanyi, Victory Anointing, Uche Egbo, Onuigbo Kingsley, Okakpu Chukwuemeka, Nnamdi Odo, Mbah Emmanuel, Collins Nweke and Jason Obi.
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