Civil Servants Built Estates with Stolen Funds — EFCC
Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, has revealed that many abandoned estates in the Federal Capital Territory (FCT) were built by civil servants using stolen public funds.
Olukoyede spoke in Abuja on...
Purported Resignation: Who are after NNPC Boss Bashir Ojulari?
A cloud of uncertainty hangs over the Nigerian National Petroleum Company Limited (NNPCL) following conflicting reports about the status of its recently appointed Group Chief Executive Officer (GCEO), Bayo Ojulari. While some claim he has resigned,...
Currency traders have attributed the recent performance of the naira and the relative stability of the foreign exchange (forex) market to the excess dollar supply.
Celebration or Crime? When Culture Clashes with Crucial Currency Control, by Rahma Olamide Oladosu
In Nigeria, no celebration is quite complete without the familiar flutter of naira notes cascading through the air. It is an unmistakable expression of joy, generosity, and cultural pride. From weddings...
The Economic and Financial Crimes Commission (EFCC) has detained Umar Isa, a former Chief Financial Officer of the Nigerian National Petroleum Company (NNPC) Limited, in connection with an alleged $7.2 billion fraud related to the rehabilitation of the Kaduna, Warri, and Port Harcourt refineries.
The Economic and Financial Crimes Commission (EFCC) on Monday arraigned the former governor Central Bank of Nigeria (CBN), Godwin Emefiele on fresh charges related to the unlawful acquisition of the recovered 753 housing units.
