The Economic and Financial Crimes Commission has said that as of March 2015, it had realised N1,956,007,974 as interest on the loot recovered from convicted former Inspector-General of Police, Mr. Tafa Balogun; the late former Governor of Bayelsa State, Diepreye Alamieyeseigha, and other prominent...
Recently the 2013 Audit Report of the Nigeria Extractive Industries Transparency Initiative (NEITI) on Oil, Gas and Solid Minerals was made public. The Executive Secretary of NEITI, Mr. Waziri Adio granted an interview to the Economic Confidential on issues arising from the report as...
The Federal Government has lost approximately $518 million to oil swap and Offshore Processing Agreements (OPA) in 2013 due to inefficiencies by the Nigerian National Petroleum Corporation (NNPC) and its subsidiaries, the Economic Confidential can authoritatively report.
The Economic and Financial Crimes Commission (EFCC) would...
The Economic and Financial Crimes Commission (EFCC) has sealed off the office of the First Group company, a real estate firm located on the 7th floor of the Bank of Industry building in the Central Business District, Abuja.
The company was implicated in a phony real estate...
Economic and Financial Crimes Commission (EFCC) Chairman Ibrahim Magu has vowed that the agency would go after banks being used for the looting of the nation’s treasury and money laundering.
He asked the Central Bank of Nigeria (CBN) to stop private banking in the country...
Jon Ode Arms Panel Scandal ...EFCC Calls for High-powered Inquiry as DSS Expands Probe
The Economic and Financial Crimes Commission (EFCC) has called on the presidency to set up a high-powered inquiry to verify the claims of an exclusive report published by THISDAY revealing that...
