EFCC
Alleged N1.4bn Oil Fraud: Court Adjourns Nadabo Energy Boss’ Trial Till Jan. 24
- Details
- Written by Chinonso Igwe
The ongoing trial of Abubakar Ali Peters and his company, Nadabo Energy Limited, for an alleged N1.4billion fraud, before Justice C.A. Balogun of the Lagos State High Court sitting in Ikeja, Lagos continued on Monday, December 20, 2021, with the fifth prosecution witness and Chairman of the Economic and Financial Crimes Commission, EFCC, Abdulrasheed Bawa, concluding his examination-in-chief.
Abubakar and his company are being prosecuted by the Economic and Financial Crimes Commission, EFCC, on a 27-count charge for allegedly using forged documents to obtain N1,464,961,978.24 from the Federal Government as oil subsidy, after allegedly inflating the quantity of Premium Motor Spirit, PMS purportedly imported and supplied by the company.
Kano Court Sends Three Smugglers of 1,144 ATM Cards to prison
- Details
- Written by Chinonso Igwe
The Kano State High Court presided over by Justice Tanimu Shehu today, December 20, 2021, convicted and sentenced three ATM card smugglers to six months imprisonment each on separate three count charges.
The defendants, Abdullahi Usman, Musa Abubakar and Abdulwahid Auwalu were arrested by the operatives of the Commission between November 24 and December 1, 2021.
N19.3bn Kogi Bailout Fund: EFCC Challenges Interim Injunction, Case Adjourned Till Jan 27
- Details
- Written by Chinonso Igwe
A Kogi State High Court sitting in Lokoja today, December 17, 2021, adjourned till January 27, 2022, hearing of the application by the Economic and Financial Crimes Commission, EFCC, challenging the interim injunction order of the court restraining it from taking any further action in respect of the N19.3billion Kogi bailout funds recovered from a hidden account in Sterling Bank.
The EFCC had on November 19, 2021 announced the recovery following the return of the funds to the Central Bank of Nigeria by Sterling Bank.
Lebanese Consul Visits EFCC Kano Command
- Details
- Written by Chinonso Igwe
Consul of the Honorary Consulate of Lebanon in Kano, Khalil Musleimani, on Friday, December 17, 2021, visited the Kano Zonal Command of the Economic and Financial Crimes Commission, EFCC, and solicited improved partnership with the Commission.
While seeking guidance on how to conduct their businesses in line with extant economic and financial crime laws and regulations, Musleimani urged the EFCC to provide avenue that will strengthen the partnership between the Commission and the Lebanese community in Kano.
Court Jails Prophetess Five Years For N128m Fraud In Lagos
- Details
- Written by Chinonso Igwe
The Lagos Command of the Economic and Financial Crimes Commission, EFCC, on Friday, December 17, 2021, secured the conviction and sentencing of one Linda Mabi-Praise, a self-acclaimed prophetess, before Justice S.O. Solebo of the Special Offences Court sitting in Ikeja, Lagos for an alleged N128 million fraud.
Mabi-Praise, who was charged with three counts, was alleged to have, with intent to defraud, dishonestly obtained the said sum from Accelsor Investment Partners Limited in the guise that her company, Mutano Energy Ltd., was an accredited oil and gas dealer and that she was into oil and gas dealership.
More Articles ...
Page 361 of 1789