Chairman of the Economic and Financial Crimes Commission, EFCC, Mr. Ibrahim Lamorde, has decried some unethical practices in the banking sector that undermine both the economy and the Commission's investigation activities.
The Economic and Financial Crimes Commission, EFCC, on Friday, September 7th, 2012, arraigned a Business Manager with the United Bank of Africa Plc, University of Ilorin Branch, Sirajudeen Abdullahi alongside two others: Segun Adelodun and John Afolabi before a Kwara State High Court sitting in Ilorin.
The Economic and Financial Crimes Commission, EFCC, has declared three oil marketers implicated in the multi- billion naira fuel subsidy scam wanted.
Head of the Special Control Unit against Money Laundering, SCUML, Angela Nworgu has revealed that Non Governmental Organizations, NGOs now serve as conduit for money laundering and sponsorship of criminal activities.
Justice Lateefat Folami of the Lagos High court today refused to grant the application brought by Mahmud Tukur, Ochonogor Alex and Abdulahi Alao to have their travelling document released to them.
The Economic and Financial Crimes Commission, EFCC, on Thursday, August 23, 2012 arraigned two staff of Starcomms Plc before a Federal High Court sitting in Ibadan, Oyo State over recharge card scam to the tune of Twenty Eight Million Naira (N28, 000,000.00). Joshua Ogunlowo Olugbenga and Akinleye Adeyemo, Starcomms' Head of Administration and Accountant respectively, were arraigned before Justice O.A Boade on a five count charge bordering on intent to defraud and conspiracy to obtain Starcomms products by false pretence.
The Economic and Financial Crimes Commission, EFCC, on August 15, 2012 took possession of an illegal oil bunkering vessel suspected to be carrying 300 metric tonnes of illegally refined Automotive Gas Oil also known as diesel. The vessel, MT Ocean Treasure, alongside eight crew members and three staff of Vital Shipping Limited, Apapa, owners of the vessel, were handed over to officials of the Commission.
The quest for diligent prosecution of financial crime and corruption case received a boost recently with a workshop for prosecutors and investigators drawn from the main anti -graft agencies in Nigeria. The workshop which was organized by the British Department for International Development, DFID and Justice For All in collaboration with the Economic and Financial Crimes Commission attracted participants from the Independent Corrupt Practices and Other Related Offences Commission, EFCC, Code of Conduct Bureau and the Nigerian Financial Intelligence Unit.
The relentless campaign by the Special Control Unit against Money Laundering for compliance with anti-money laundering regulations by Designated Non-Financial Institutions has received a boost with a directive by the Central Bank of Nigeria , making registration with SCUML a key Know Your Customer requirement for opening accounts for DNFIs in financial institutions.
Justice Sa'ad Mohammed of the Gombe State High Court, Gombe on Friday August 10, 2012, sentenced one Oluwaseun Abatan, a 34-year-old graduate of Quantity Surveying, to 28 years imprisonment.
Abatan who was first arraigned on 18th June, 2009 was convicted on four of the eight count charge of forgery and obtaining by false pretence brought against him by the Economic and Financial Crimes Commission.