EFCC
Recovered Assets: Lamorde Set to Appear Before House of Representatives
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Barring any unforeseen circumstances, the chairman of the Economic and Financial Crimes Commission, EFCC, Mr. Ibrahim Lamorde will on Wednesday July 17 appear before the House of Representatives Committee on Drugs, Narcotics and Financial Crimes which is conducting a public hearing to determine the status of assets seized or recovered by the EFCC since inception. Though Lamorde was scheduled to appear before the committee today, he was unable to do so due to some prior commitment. He however sent a letter of apology to the Committee. The letter was delivered by a team of top EFCC management led by the Director of Finance and Accounts, Mr. Bukar Abba. He told the Committee that Lamorde travelled to Lagos for an earlier scheduled appointment and therefore pleaded with the Committee to allow him appear at another date.
N47Billion Scam: Akingbola Has Case to Answer
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Justice Adeniyi Onigbanjo of a Lagos State High Court sitting in Ikeja, on Monday, July 15, 2013 dismissed an application of "no case submission" brought before it by a former Managing Director of Intercontinental Bank Plc, now Access Bank, Dr. Erastus Akingbola. The court held that the application brought by Akingbola in a case of N47billion fraud involving him and Bayo Dada of Tropics Finance Limited, lacked merit and was an abuse of court process. The court also held that the Economic and Financial Crimes Commission, EFCC, that instituted the case against the two former bankers, had succeeded in establishing a prima facie case against Akingbola.
N120m Fraud: EFCC Arraigns Man over Dud Cheques
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The Economic and Financial Crime Commission, EFCC, today July 12, 2013 arraigned one Chukwuma Paul Chukwuma before Justice Salisu Garba of the FCT High Court, Abuja, on a 14-count charge bordering on issuance of dud cheques and obtaining money by false pretence. The accused is alleged to have sometime in 2012, issued various cheques amounting to N120 million which when presented for payment were dishonoured. He is also said to have obtained by false pretence the sum of N8 million from one Dr. Obiora Okonkwo.
Police Pension Scam: Onyegbula Drew Over 300 Cheques a Day - Witness
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Ramoni Alabi, senior manager, Internal Audit Investigation Unit of the First Bank of Nigeria Plc, who is a prosecution witness in the ongoing trial of Uzoma Cyril Attang and six other persons accused of abuse of office, theft and diverting over N20 billion in the police pension scam today told the court that one of the accused persons, Veronica Onyegbula drew a total of 303 cheques in a day. "When we investigated the account on request from the EFCC, we found out that more than 200 cheques were paid daily. And in an attempt to beat the threshold of reporting to the Nigerian Financial Intelligence Unit, NFIU, on currency transaction, these cheques were drawn in the range of 500,000.00 to 4.9Million, hence the bank could not see the transaction as suspicious," he told the court
Money Laundering: Court Convicts Aminu Sule Lamido
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Aminu Sule Lamido, the 34-year old son of Jigawa State governor, Alhaji Sule Lamido, who is being prosecuted by the Economic and Financial Crimes Commission for offences bordering on money laundering was today convicted by Justice Fatu Riman of the Federal High Court, Kano, and ordered to forfeit 25 percent of the undeclared sum of $40,000
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