EFCC
Bawa Advocates More International Collaboration in Asset Recovery Efforts
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- Written by Chinonso Igwe
The Executive Chairman of the Economic and Financial Crimes Commission (EFCC) Mr. Abdulrasheed Bawa today in Riyadh, Saudi Arabia called for enhanced international collaboration in asset recovery efforts.
He made the plea while signing a memorandum of understanding, MoU with the Oversight and Anti-Corruption Authority (NAZAHA) of Saudi Arabia, a development which marked a significant milestone in strengthening international partnerships to address the complex challenges posed by corruption. The event was a follow up to the EFCC Chairman’s participation in the Ministerial Meeting of Anti-Corruption Law Enforcement Authorities in the Organization of Islamic Countries (OIC) Member States in December, 2022 to adopt the Makkah Al-Mukarramah Convention, where the two agencies had resolved to reinforce their commitment to combat corruption with an MoU.
Alleged $1.4million Fraud: Court Adjourns Businessman’s Trial Till June 27
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- Written by Chinonso Igwe
Justice R.A. Oshodi of the Special Offences Court sitting in Ikeja, Lagos, on Tuesday, May 16, 2023, adjourned till June 27, 2023 for final hearing in the alleged $1.4million fraud involving one Kolawole Adedayo Erinle and his firm, Rinde-Remdex Nigeria Limited.
Erinle and his company are standing trial on a three-count charge bordering on conspiracy, retention of proceeds of criminal conduct, and obtaining money under false pretence to the tune of $1,410,000 (One Million Four-Hundred and Ten Thousand United States Dollars).
Money Laundering: Court Adjourns Mompha’s Trial Till July 3
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- Written by Chinonso Igwe
Justice Mojisola Dada of the Special Offences Court Sitting in Ikeja, Lagos, on Monday, May 15, 2023, adjourned till July 3, 2023 further hearing in the alleged N6bn fraud trial involving Ismaila Mustapha, also known as Mompha, due to the absence of his lawyer.
The Lagos Zonal Command of the Economic and Financial Crimes Commission, EFCC, on January 12, 2022 arraigned Mompha alongside his company, Ismalob Global Investment Limited, on an eight-count charge bordering on conspiracy to launder funds obtained through unlawful activity, retention of proceeds of criminal conduct, laundering of funds obtained through unlawful activity, failure to disclose assets and property, possession of documents containing false pretence and use of property derived from unlawful act.
EFCC Seeks Stay of Execution of Ruling on 14 Properties, N400m Linked To Kogi Gov, Yahaya Bello
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- Written by Chinonso Igwe
The Economic and Financial Crimes Commission, EFCC, on Monday, May 15, 2023, filed a motion for stay of execution of the ruling by Justice Nicholas Oweibo of the Federal High Court sitting in Ikoyi, Lagos on the 14 properties as well as the sum of N400m linked to the Kogi State Governor, Yahaya Bello.
Justice Oweibo had, on April 26, 2023, struck out a suit by the EFCC seeking the final forfeiture of the properties on the grounds of provisions of Section 308(1) of the Constitution.
EFCC Arrests Nine Suspected Internet Fraudsters in Uyo
- Details
- Written by Chinonso Igwe
Operatives of the Uyo Zonal Command of the Economic and Financial Crimes Commission, EFCC, on May 7, 2023, arrested nine (9) suspected internet fraudsters around Itam Police Station Road in Uyo, Akwa Ibom State.
The suspects are; Victor Etiowo, George Vincent, Daniel Joshua, Lambert Joshua, Johnny Jimmy, Elijah Asuquo Ekwere, Amos Cosmos, Otobong Emmanuel and Enomfon Jackson Akpabio.
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