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FG To Sanction Banks aiding looters

Ag President, Prof Yemi Osinbajo Acting President Yemi Osinbajo on yesterday called for sanctions against banks aiding looting of funds from one country to another. He made the call during the Conference on Promoting International Co-operation in Combating Illicit Financial Flow and Enhancing Asset Recovery to Foster Sustainable Development at ...

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Dangote raises fraud alert on “Happy World Meal Gate”

  The Dangote Group has raised alarm over a Ponzi scheme in circulation alleging partnership between the “Dangote brand, Nestle, Cussons and other reputable food processing companies” in launching a multi-level marketing initiative that intends to “fight hunger, poverty and stop recession” by paying participants in food. Contrary to the ...

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Wike claims ownership of Ikoyi $43m, gives FG seven-day ultimatum to return funds

Governor Nyesom Wike of Rivers State yesterday  said that the $43million dollars found in the luxury apartment in Ikoyi belongs to the Rivers State Government. The Governor also gave the Federal Government a seven-day ultimatum to return the $43 million found in a luxury apartment in Ikoyi, Lagos to the ...

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National Assembly: Auditor-General Uncovers N2bn Fraud

National Assembly: Auditor-General Uncovers N2bn Fraud March 2, 2017 The office Auditor-General of the Federation has revealed a N2 billion financial scandal in the National Assembly expenditure. The AGF’s annual report said the illegalities were perpetrated in 13 transactions. The transactions involved both chambers of the National Assembly, the Management ...

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NDDC faults Sagay claims, Says allegation not true

Prof. Itse Sagay         The Niger Delta Development Commission, (NDDC) on Friday denied purchase 70 cars that included eight super Lexus that cost N70m each and 10 Toyota Landcruiser jeeps at N65m each. The commission in a statement releasedtoday by Chijioke Amu- Nnadi, head corporate affairs of the commission  ...

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Sagay accuses NDDC MD of buying eight Lexus SUVs at N78m each, 10 Land cruisers at N63m each

    •says Customs Officers brazenly corrupt   The Chairman of the Presidential Advisory Committee (PACAC) Prof. Itse Sagay, on Thursday accused the Niger Delta Development Commission (NDDC) of being reckless with funds meant for development. Sagay alleged that the commission recently bought 70 cars, including eight Super Lexus Sport ...

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Woman Absconds With Anti Corruption Crusade Crowd Hire Money

    No fewer than 20 women were on Wednesday stranded at the Haven Event Centre, GRA, Ikeja after the inauguration of a programme “Nigerian Women Against Corruption’’. One of the women, who spoke to the News Agency of Nigeria (NAN) under condition of anonymity, claimed that a woman who ...

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EFCC recovers 17 exotic cars from ex- custom boss, Dikko

The Economic and Financial Crimes Commission, EFCC, on Wednesday, said it has recovered seventeen exotic vehicles in a warehouse belonging to a former Comptroller-General of Customs, Abdullahi Dikko Inde, located at Nnamdi Azikwe Street, Kaduna. A press release by EFCC Spokesman,Wilson Uwujaren said the recovery was sequel to an intelligence ...

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Court orders Ex-NNPC GMD to forfeit $9.7m to FG

A Federal High Court in Kano on Tuesfay ordered the forfeiture of the sum of $9,772,000 and £74,000 recovered from a former Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mr Andrew Yakubu, to the Federal Government. The order was sequel to an ex parte application by the ...

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EFCC Arraigns Four for $1m Fraud

  The Economic and Financial Crimes Commission, EFCC, on Wednesday February 8, 2017 arraigned the quartet of Umar Audu Bida, Truth Igogori, Ifenyinwa Nwankwesiri and Ogechukwu Obaji before Justice Binta Nyako of the Federal High Court sitting in Maitama, Abuja on a 9-count charge bordering on conspiracy, forgery and obtaining ...

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