Innoson Owner Accuses EFCC Of Double Standards In Dispute With GTBank
The Chairman/Managing Director of Innoson Vehicle Manufacturing, (IVM), Chief Innocent Chukwuma, yesterday in Enugu accused the Economic and Financial Crimes Commission (EFCC) of double standards in its involvement in the lingering dispute between his...
Bankers Aid Money Laundering in Nigeria- Nuhu Ribadu
The First Executive Chairman of the Economic and Financial Crimes Commission(EFCC), Mr Nuhu Ribadu has said several money laundering frauds happen in Nigeria with the active connivance of banks and their workers.
Mr Ribadu who stated this in...
The Economic and Financial Crimes Commission (EFCC) on Thursday arraigned former Managing Director of the Nigeria Social Insurance Trust Fund (NSITF), Umar Munir Abubakar and four other top officials of the fund before an Abuja High Court in Apo over an N18billionfraud.
Other defendants are...
FG may dump probe as NPA shortlists indicted firm involved in $20m Bribery Scandal
There is disquiet in the Presidency following reports that a firm implicated in a $20million bribe has applied for a fresh contract from the administration of President Muhammadu Buhari.
According to a...
A Federal High Court in Lagos has ordered permanent forfeiture of N 7, 644, 700, 000.00 belonging to former Minister of Petroleum Resources, Diezani Alison-Madueke, to the Federal Government.
The money which is reasonable suspected to be proceeds of illegal activities was traced by the...
How Nigeria Squanders N11tr for electricity
A new report by the Socio-Economic Rights and Accountability Project (SERAP) has revealed how over N11 trillion meant to provide regular electricity supply was allegedly squandered under democratic governments in Nigeria.
According to the report, “The total estimated financial loss...
