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EFCC Recovered N409bn, $69.5m In Eight Months – Magu

The Economic and Financial Crimes Commission (EFCC) says it has recovered about N409 billion and secured 137 convictions nationwide between January and August 2017. The acting chairman of the anti-graft agency, Mr Ibrahim Magu, made the disclosure on Wednesday at an interactive meeting with media executives in Abuja, Nigeria’s capital. “Between January and August 30, 2017, the EFCC recovered N409,270,706,686.75; ...

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Buhari Happy With Improving Nigerian Economy

President Muhammadu Buhari on Monday says he is pleased with the improving state of the Nigerian economy.   This follows a meeting of the President with the Minister of Budget and National Planning, Udo Udoma; Minister of Finance, Kemi Adeosun; and Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, at the State House in Abuja. “A delighted President ...

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BREAKING: Court Orders Final Forfeiture Of N7.6bn Linked To Diezani

The Federal High Court Sitting in Lagos has ordered the final forfeiture of a sum of N7,646,700,000 said to have been illegally kept in Sterling Bank Plc. The Economic and Financial Crimes Commission linked the offence to a former Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke. About three weeks ago, the Commission who wanted the money forfeited to the Federal ...

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Aliko Dangote Remains The Richest Man As Forbes Releases 2017 List of 10 Richest Nigerians

Forbes, the world renowned organisation for ranking of rich individuals, has released the list of richest people in Nigeria for 2017. The ranking issued today shows Aliko Dangote retaining his spot as number one.     Full list below… 1. Aliko Dangote: Aliko Dangote is the richest man in Nigeria, Africa and of course the richest black man in the world. ...

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JUST IN: Again, Court Orders Interim Forfeiture Of More Assets Linked To Diezani (See Photos Of The Assets)

  The Federal High Court sitting in Lagos has again ordered the interim forfeiture of assets valued at $16,441,906 linked the former Petroleum Minister, Mrs Diezani Alison-Madueke.   The Economic and Financial Crimes Commission told Justice Abdulaziz Anka that the assets are suspected to be proceeds of corruption.     Below are images and location of some of the assets ...

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FG Spent About N1.3trn On Capital Projects In 2016 – Osinbajo

The Vice-President, Professor Yemi Osinbajo, says the Federal Government spent about N1.3trn on capital projects in 2016, the highest in the history of the country.   Professor Osinbajo, who highlighted some of the milestones of the government, noted that President Muhammadu Buhari’s administration has set a solid foundation for the nation’s economic recovery. He made this known on Monday at the ...

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Read Beautiful Story Of The Nigerian Man Who Returned N150million Wrongly Paid Into His Account In Qatar

Not all stories we read or hear about Nigerians living abroad are always bad or damaging to the image of Nigeria in the eyes of the international community, we also bring to you today, a Nigerian making Nigerians proud outside the shores of Nigeria.   This certain Nigerian man living in Qatar has returned about QR1.5 million ($411,127.99/N150 million) mistakenly ...

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FRAUD IN LABOUR MINISTRY: Court Orders Temporary Forfeiture Of N437m, Properties Linked To Permanent Secretary

The Federal High Court Sitting in Lagos has granted an order of interim forfeiture of the sum of N437,348,181 linked to a current Permanent Secretary of the Federal Ministry of Labour and Employment, Clement Illoh Onubuogu.   Justice Abdulaziz Anka granted the order at the instance of the Economic and Financial Crimes Commission (EFCC), which says that it reasonably suspects ...

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SHOCKING: Read How Nigerians Spent N400bn On Bribe In One Year

The National Corruption Survey published by the National Bureau of Statistics has shown that Nigerians have spent about N400 billion on payment for bribe between June 2015 and June 2016.   According to the report, almost one bribe is paid by every adult Nigerian per year by combining the total number of people who paid a bribe to a public official.   ...

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Treasury Looters: EFCC Recovers N277.9m In South West Region

  The Economic and Financial Crimes Commission (EFCC) says it has recovered about N288 million from various cases in the South West Zone so far in 2017.   The anti-graft agency made this known on Monday during a Press Conference held at its zonal office in Iyaganku, Ibadan, Oyo State.   The commission also used the opportunity to request for ...

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