Barely three weeks after it paraded a fake EFCC official, the Commission has again arrested another fraudster, Chief Egbe Akparakwu for posing as an agent of the anti-graft agency to extort money from unsuspecting members of the public.

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The war against graft in Nigeria has received yet another boost with the decision of the supreme court to affirm a 16 year jail sentence passed on a fraudster.The Economic and Financial Crimes Commission, EFCC had in 2004 arraigned the fraudster, Mike Amadi on a five count charge and was convicted and sentenced to 10 years imprisonment on March 30,2005 by Hon. Justice Morenike Obadina of the Lagos High court,Ikeja.

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A fake priest, Herbert Chukwu who specialises in duping donors of foreign currencies has been arrested by Operatives of the Economic and Financial Crimes Commission, EFCC.His arrest followed petitions from Reverend Fathers Anthony E. Eze and Felix Nwatu of Bigard Memorial Seminary, Enugu and the Vicentians of St. Vincent DePaul House all in Enugu accusing the suspect of using their names and place of worship to defraud certain people outside the Country.

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REMANDED IN IKOYI PRISON-  The Economic and Financial Crimes Commission, EFCC, on Tuesday arraigned former Aviation Minister, Chief Femi Fani-Kayode on a 47 count charge all bordering on money laundering. Mr Festus Keyamo, leading four other counsels, on behalf of the EFCC,  arraigned Fani- Kayode before Justice Ramat Mohammed of the Federal High Court, Ikoyi, Lagos.

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The Economic and Financial Crimes Commission, EFCC, has declared former Federal Capital Territory (FCT) Minister, Mallam Nasir El-Rufai wanted.A statement by the Commission says the former minister “is wanted for abuse of office and misappropriation of public funds to the tune of N32 billion.”

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The Economic and Financial Crimes Commission, EFCC, wishes to state that it is disappointed by the verdict of the Federal High Court, Enugu which on Thursday converted the sentence of former Edo State governor, Chief Lucky Igbinedion to a fine.

The former governor had sought for a plea bargain in the course of his prosecution by the EFCC. The outcome of the exercise at the court in Enugu however fell short of the expectation of the Commission.

It is believed that the essence of a plea bargain is not only for suspects to forfeit the proceeds of crime but that such should go with a sentence which will serve as deterrence.

In view of this development, the Chairman of the EFCC, Mrs. Farida Waziri has instructed the Commission’s counsel to file an appeal against the verdict immediately.

The Commission will rather go the long way of prosecution than to settle for a plea bargain verdict that has no bite or will not serve any deterrence purpose.

Femi Babafemi
Head, Media and Publicity.

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The Economic and Financial Crimes Commission, EFCC on Wednesday recorded another breathtaking achievement in its fight against economic crimes in Nigeria when its chairman, Mrs Farida Waziri restituted the sum of four hundred and thirty million naira (430million) to victims of a capital market fraud. The case which started in 2002 was uncovered when Bonkolans Investment, a stock broking firm cloned  3,130,469 units of  Nestle Plc share certificates and 1,082,811 units of Unilever Plc shares belonging to late Sunday Dankaro and Alhaji Bala Koki respectively.The former however died in the course of the struggle to recover his lost investment.

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Three fraudsters, including a senior accountant with the the Lagos state ministry of Works and Infrastructure, Mr Alfred Olusegun Famodimu, a post man Mr. Afolabi Kayode Ayodele and one Mr. Sunday Owunnah were successfully prosecuted by EFCC for various offences ranging from forgery, altering and tampering with telegrams or postal matters. They were consequently convicted and sentenced to various jail terms by different courts in Lagos.

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