RMAFC, EFCC Uncovers Oil Firms’ $205m Unremitted Funds
The Revenue Mobilisation Allocation and Fiscal Commission(RMAFC) has said that it discovered $205.01m unremitted to the federation account by oil and gas companies through joint efforts with the Economic and Financial Crimes Commission(EFCC).
It noted that it had...
New Naira: CBN Join Forces with EFCC, ICPC to Track Large Withdrawals
The Central Bank of Nigeria has revealed plans to collaborate with law enforcement agencies like the Economic and Financial Crimes Commission and the Independent Corrupt Practices and Other Related Offences Commission, to complicate...
We Will Meet In Court, Kogi Government Threatens EFCC
The Kogi State Government, on Thursday, accused the Economic and Financial Crimes Commission of contempt of court over an alleged harassment of state officials in connection to the anti-graft agency’s probe into the state’s bail-out funds.
In...
Alleged Fraud: Court Adjourns Fayose’s Trial till January
The Federal High Court sitting in Lagos, on Friday, adjourned the alleged money laundering trial of former Governor of Ekiti State, Ayodele Fayose, until January 31 and February 1, 2023.
The case was earlier scheduled for the continuation...
EFCC Raids Black Market Forex Offices as Naira Sells for 840/$
In an effort to stop the rapid decline of the naira, the Economic and Financial Crimes Commission agents raided the offices of black market currency dealers in Abuja on Tuesday.
A source disclosed to Economic...
The Evolving Nigerian Naira Notes
By Jibril Salisu Na`inna
There has been evolution of currency used in Nigeria prior to 1960 and even after, which is one aspect of Nigeria's financial services revolution and global best practices.
According to international best practices, a national currency ought to...
