EFCC
Compliance with Extant Laws Essential for Public Accountability - Bawa
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- Written by Chinonso Igwe
The Executive Chairman of the Economic and Financial Crimes Commission, EFCC, Abdulrasheed Bawa on Thursday September 2, 2021, advocated strict compliance with and enforcement of extant laws and regulations to promote public accountability and the fight against corruption in Nigeria.
The EFCC boss who spoke through the Commission’s Director, Public Affairs, Osita Nwajah at a roundtable on Accountability organized by the Premium Times Center for Investigative Journalism, PTCIJ, at the Orisun Art Source, Abuja, noted that “there is no better prevention tool than a vigorous enforcement regime, one that is applied across the board in strict adherence with extant laws, rules and regulations”.
Court Freezes Jailed Ex-Bank PHB MD, Atuche’s N19.1bn
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- Written by Chinonso Igwe
Justice Lateefat Okunnu of the Lagos State High Court sitting in Ikeja, has ordered the freezing of the assets and funds to the tune of N19, 178, 253,050 belonging to a convicted former Managing Director of the defunct Bank PHB Plc, Francis Atuche.
The Judge gave the order on Tuesday, August 31, 2021, following an ex parte application filed by the Economic and Financial Crimes Commission, EFCC, on August 17, 2021.
The funds, investigation showed, were domiciled in 24 different banks in Nigeria, including Citi Bank Limited; Ecobank Nigeria Limited; First Bank of Nigeria Plc; First City Monument Bank (FCMB); Globus Bank Limited; Fidelity Bank Plc; Keystone Bank Limited; Lotus Bank Limited and Mainstreet Bank Plc.
Court Orders Interim Forfeiture of Firm’s N5.3b
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- Written by Chinonso Igwe
Justice Tijanni Garba Ringim of the Federal High Court sitting in Ikoyi, Lagos, on Wednesday, September 1, 2021, ordered the interim forfeiture of the sum of N5, 318,517,789.48 found in the account of a company, Kaiser Strategic Services Limited.
Justice Ringim gave the order, following an ex parte application filed by the Economic and Financial Crimes Commission, EFCC.
Offa Poly Student to Spend One Year in Jail over Cybercrime
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- Written by Chinonso Igwe
Justice Sikiru Oyinloye of the Kwara State High Court sitting in Ilorin on Thursday, September 2, 2021 sentenced one Olaleye Rosheed, a student of Federal Polytechnic, Offa, to one year imprisonment over offences bordering on attempted cheating and internet fraud.
Olaleye, 21, was prosecuted on one count by the Ilorin Zonal Command of the Economic and Financial Crimes Commission, EFCC.
$350,000 Fraud: Court Freezes Gov. Abiodun’s Aide’s Bank Accounts, Seizes Properties
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- Written by Chinonso Igwe
Justice Tijjani Garba Ringim of the Federal High Court sitting in Ikoyi, Lagos, on Tuesday, August 31, 2021, ordered the interim forfeiture of the funds as well as properties traced to the suspended aide to Governor Dapo Abiodun of Ogun State, Abidemi Rufai.
Justice Ringim gave the order, following an ex parte application filed by the Economic and Financial Crimes Commission, EFCC.
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