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NLNG Denies Link With $3.1bn Fund Recovery

The Nigerian LNG Limited has said none of its accounts is being investigated by the Economic and Financial Crimes Commission or any other anti-graft agency. The NLNG said this in a statement signed by its General Manager, External Relations Division, Mr. Kudo Eresia-Eke. It said it...

NIMASA: EFCC Arraigns Army General, Others For N8.5bn Fraud

A former Commander of Guards Brigade and erstwhile Commander of the Joint Military Task Force, OPERATION PULO SHIELD, Major General Emmanuel Atewe was today arraigned by the Economic and Financial Crimes Commission before Justice Saliu Saidu of the Federal High Court, Ikoyi on an...

Anyone Invited by EFCC Can’t Come out Clean, Says Magu

... EFCC secures conviction of 140 suspects in six months The Chairman of the Economic and Financial Crimes Commission (EFCC), Ibrahim Magu has said there is no one who would “come out clean” after honouring the invitation of the anti-graft agency. Speaking on Question Time, a...

Clampdown on Banks to Strengthen Financial System- CBN

Central Bank of Nigeria, CBN, has said that the on-going investigation of some financial transactions in some banks by law enforcement authorities are aimed at strengthening the financial sector and the economy. The apex bank, in a statement signed by Acting Director, Corporate Communications, Isaac...

Court Awards N10mn Damages Against EFCC Over Unlawful Detention of Austrian Businessman

An Abuja High Court has ordered the Economic and Financial Crimes Commission (EFCC) to pay a sum of N10m damages to an Abuja based foreigner and security expert Mr. Wolgang Reinl over his unlawful detention and seizure of his international Passport by the anti-graft...

U.S. to give Nigeria $480m Abacha family loot

United States has agreed to repatriate to Nigeria about $480million believed to have been stolen by the late Head of State, Gen. Sani Abacha and his family. But the conditions for the repatriation of the cash and other details are being worked out, The Nation...