EFCC recovers N120 billion, makes over 1,600 convictions in six months- EFCC Boss

By Ogechi Okorie ABUJA – Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede on Tuesday disclosed that the commission has recovered N120 billion from Nigerian fraudsters and made over 1,600 convictions within six months of his assumption of office. He disclosed this in Abuja at a news conference at the commission’s headquarters. Olukoyede emphasised that Nigeria needs EFCC to survive as the commission kept recovering stolen money from people almost on daily basis. “We need EFCC, we need this institution to survive, so many victims that we have wiped tears from their eyes, so many victims, in their millions, everyday we keep recovering money from people. “In my six months, we have recovered over N120 billion and made over 1,600 convictions,” he said. Referring to former Governor of Kogi State, Yahaya Bello, the EFCC boss said: “Those we have convicted are they not human beings, does he (Bello) have two heads? “Even if I am going to lose the case at the end of the day, submit yourself to the rule of law. Look I don’t get …

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Why Yahaya Bello missed court appearance revealed

Adedayo Adedipe, a member of Yahaya Bello’s legal team, informed Justice Emeka Nwite of the Federal High Court in Abuja that their client would have attended court but expressed concerns about receiving a fair hearing and justice. Adedipe relayed Bello’s message to the court following his client’s absence in court for his arraignment on Tuesday. He was absent from court for his arraignment on a 19-count charge of alleged money laundering to the tune of ₦84bn. Following his absence, Justice Nwite, ordered the Economic and Financial Crimes Commission (EFCC) to serve a copy of the charge against him on his lawyer, Abdulwahab Mohamed. The judge relied on section 384 (4 and 5) of the Administrative and Criminal Justice Act 2015, directing the counsel to the immediate past governor, to receive a copy of the charge. The court held that where it had become impossible to effect personal service of a legal process on a defendant, such could be done through substituted means. Justice Nwite further held that it was clear that the former governor failed to appear in court for …

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‘It’s shameful’ Activist, Joe reacts after EFCC declared Yahaya Bello wanted

Human rights activist Comrade Israel Joe has said it is shameful for the Economic and Financial Crimes Commission, EFCC, to declare the former governor of Kogi State, Yahaya Bello, wanted. In a statement he signed and made available to DAILY POST on Monday, he said, “It tells Nigerians that EFCC has not grown to a point of intelligence investigations.” He said the EFCC should know his hideout and smoke him out and not make a mess of the collective sensibilities of Nigerians. “Yahaya Bello is not a small child who could just be concealed somewhere. “They should work with the DSS and Police to get his actual location and arrest him. “They expect Nigerians to give them information? Is Yahaya Bello in the streets or village? They know where he is but lack the courage and morale to go get him,” he added. He noted that the security agencies do not work in synergy pointing out that “It creates more danger to our teeming democracy. Some persons with immunity have always prevented security agencies from doing their jobs.” “The current …

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Naira abuse: Expert urges FG to also go after treasury looters

ABUJA- A financial expert, Mr Okechukwu Unegbu, has urged the Federal Government to dissipate more effort in arresting and prosecuting politicians accused of looting the treasury. Unegbu, a past president of the Chattered Institute of Bankers of Nigeria (CIBN), gave the advice in an interview with the News Agency of Nigeria (NAN) on Monday in Abuja He spoke against the backdrop of recent arrest and prosecution of some Nigerians by the Economic and Financial Crime Commission (EFCC) for abusing and mutilating the Naira. NAN reports that the Central Bank of Nigeria (CBN) Act 2007 criminalises abuse of the Naira. Section 21 of the Act listed spraying, dancing or stepping on the Naira or any other notes issued by the CBN during social occasions as constituting an abuse and defacing of the currency. The law provides that such acts are punishable by a six months imprisonment or a fine of N50,000 or both. According to Unegbu, spraying monies at social events has done less damage to the  Nigerian economy when compared to looting of the treasury and other financial crimes committed …

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Yahaya Bello asks Abuja court to set aside EFCC’s arrest warrant against him

ABUJA- The Immediate past governor of Kogi State,Yahaya Bello, on Thursday, prayed a Federal High Court, Abuja to set aside an arrest warrant issued against him. Mr Bello, through his lawyer, Abdulwahab Mohammed, SAN, told Justice Emeka Nwite that the court lacked jurisdiction to grant the order in the first instance. Mr Mohammed told Justice Nwite when the matter was called for the ex-governor to be arraigned by the Economic and Financial Crimes Commission on 19-count bordering on money laundering. Justice Nwite on Wednesday ordered that EFCC should be issued a warrant for the arrest of Mr Bello. The judge, who granted the order, directed that Mr Bello should be brought to court today to take his plea in the charge preferred against him. Mr Mohammed informed the court that a preliminary objection had already been filed before the court to the effect. The lawyer, who urged the court to vacate the arrest warrant order, said a High Court of Kogi had on February 9 restrained the anti-graft agency from arresting, detaining or prosecuting Mr Bello. He said the order …

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Ododo: EFCC spits fire, vows never to tolerate obstruction of its operations

By Simon Akwu ABUJA – Shortly after the Governor of Kogi State, Usman Ododo, helped his predecessor, Yahaya Bello to escape arrest, the Economic and Financial Crimes Commission has issued a stern warning to members of the public, vowing that it will no longer tolerate obstruction of its operations forthwith. In a statement signed by the Head,  Media & Publicity, Dele Oyewale , the EFCC reechoed that it is a criminal offence to obstruct officers of the Commission from carrying out their lawful duties. According to the statement, section 38(2)(a(b) of the EFCC Establishment Act makes it an offence to prevent officers of the Commission from carrying out their lawful duties. Adding that culprits risk a jail term of not less than five years. “This warning becomes necessary against the background of the increasing tendency by persons and groups under investigation by the Commission to take the laws into their hands by recruiting thugs to obstruct lawful operations of the EFCC, Oyewale said. “On several occasions, operatives of the Commission have had to exercise utmost restraint in the face of such …

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Alleged N80bn Money Laundering: EFCC Set to arraign Yahaya Bello April 18

By Simon Akwu ABUJA – The Economic and Financial Crimes Commission, EFCC, will on Thursday, (today) April 18, 2024 arraign a former governor of Kogi State, Yahaya Adoza  Bello before a Federal High Court sitting in Abuja. According to.the statement released via the official X account of the Commission, Bello will be arraigned before Justice Emeka Nwite alongside three other suspects, Ali Bello, Dauda Suleiman and Abdulsalam Hudu on 19-count charges bordering on money laundering to the tune of N80,246,470,088.88 (Eighty Billion, Two Hundred and Forty Six Million, Four Hundred and Seventy Thousand and Eight Nine Naira, Eighty Eight Kobo). Bello’s arraignment is coming on the heels of a warrant of arrest and enrolment order granted the EFCC by the court on Wednesday, April 17, 2024.  Count one of the charges reads: That you, Yahaya Adoza Bello, Ali Bello, Dauda Suliman, and Abdulsalam Hudu (Still at large), sometime, in February, 2016, in Abuja within the jurisdiction  of this Honourable Court, conspired amongst yourselves to convert the total sum of N80,246,470,088.88 (Eighty Billion, Two Hundred and Forty Six Million, Four Hundred and Seventy Thousand …

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Ex-Gov. Yahaya Bello kicks as EFCC visits his Abuja residence

ABUJA- Operatives of the Economic and Financial Crimes Commission (EFCC) laid siege to the residence of former Kogi governor, Alhaji Yahaya Bello in Wuse, Abuja on Wednesday. The state’s sitting governor and Bello’s successor, Alhaji Ahmed Ododo and his motorcade were seen around the premises. One of the operatives told the News Agency of Nigeria (NAN) that the action had to do with money-laundering charges levelled against the erstwhile governor. EFCC’s spokesman, Mr Dele Oyewale, could not be reached to confirm the claim. In March, the EFCC dragged Bello and three alleged accomplices before Justice James Omotosho of the Federal High Court, Abuja, on an amended charge of N84 billion money laundering. Reacting to EFCC’s move of Wednesday, the media office of the ex-governor condemned the action and urged President Bola Tinubu to caution the EFCC. It stated that: “the presence of EFCC’s operatives in Bello’s residence negated an injunction granted by the High Court of Justice, Lokoja Division, on Feb. 9.’’ It added that the court granted the injunction in Suit No. HCL/68M/2024 between Bello and the EFCC restraining …

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EFCC detains Cubana Chief Priest over abuse of naira ahead of arraignment today

By Ogechi Okorie IKEJA. – Preparatory to his arraignment before the Federal High Court over abuse of naira in Lagos today (Wednesday), the Economic and Financial Crimes Commission (EFCC) has detained businessman and socialite, Pascal Okechukwu, popularly known as Cubana Chief Priest, preparatory to his arraignment today (Wednesday) before the Federal High Court in Lagos. Cubana Chief Priest will be arraigned before Justice Kehinde Ogundare on three counts bordering on abuse of naira, by allegedly spraying and tampering with the nation’s currency at a social event, contrary to the provisions of the Central Bank Act of 2007. The spokesperson for the EFCC, Dele Oyewale, confirmed the development in a telephone interview with our correspondent on Tuesday. Oyewale revealed, “Yes, the Cubana Chief Priest is in our custody, and he’ll be arraigned in court tomorrow (Wednesday).” Meanwhile, in a suit filed on April 4, 2024, by the EFFC’s prosecutor, Rotimi Oyedepo (SAN) and seven other lawyers representing the Executive Chairman of the EFCC, Ola Olukoyede, it was alleged that Pascal Okechukwu, on February 13, 2024, at Eko Hotel, within the jurisdiction …

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Omashola shares insight into the fake money spraying incident at his wedding

Big Brother Naija reality star, Omashola Kola Oburoh better known as Sholzy has explained why fake notes were sparked at his wedding months back. Taking to his Instagram page, he admonished the public to use him as a poster for the EFCC campaign against Naira abuse. He recalled how he introduced the facemask in 2020 before COVID hit Nigeria and people were laughing at him. The same thing happened at his wedding in December as he noted how people mocked him for spraying fake money. Following the arrest of crossdresser, Bobrisky, he expressed gratitude to God as he would have also ended up in prison. “Use me as poster boy for EFCC campaign against Naira abuse…. I remember introducing the facemask in 2020 before the covid hit Nigeria people been de laugh me. Same thing happened at my wedding in December 2023, them say i dey spray fake money, I tell Una say he get why. Thank God man pikin for don dey inside for 6 months now. THEM DE LEARN”. BBNaija Star, Omashola shares reason why fake money was …

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N32.7bn, $445,000 recovery: We are investigating past and suspended officials of Humanitarian Ministry – EFCC

By Simplicius Josiah The Economic and Financial Crimes Commission, (EFCC), has noticed the rising tide of commentaries, opinions, assumptions and insinuations concerning its progressive investigations into the alleged financial misappropriation in the Ministry of Humanitarian Affairs, Disaster Management and Social Development. At the outset of investigations, past and suspended officials of the Humanitarian Ministry were invited by the Commission and investigations into the alleged fraud involving them have yielded the recovery of N32.7billion and $445,000 so far. The clarification was contained in a statement released via signed by Head, Media & Publicity, Dele Oyewale. According to the statement, discreet investigations by the EFCC have opened other fraudulent dealings involving Covid -19 funds, the World Bank loan, Abacha recovered loot released to the Ministry by the Federal Government to execute its poverty alleviation mandate. Investigations have also linked several interdicted and suspended officials of the Ministry to the alleged financial malfeasance. It is instructive to stress that the Commission’s investigations are not about individuals. The EFCC is investigating a system and intricate web of fraudulent practices. Banks involved in the alleged …

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EFCC And The Bobrisky Effect By Chief Malcolm Emokiniovo Omirhobo

Congratulations @ official efcc for a job well-done . I commend you for securing a speedy conviction against Bobrisky for abuse of the Naira. Before the euphoria of your success die down, I challenge you to use your wealth of experience ,resource and energy in the Bobrisky case on corrupt officials of the NNPC who have failed to audit NNPC accounts for decades and as well on those public servants known to have sold our crude oil to foreign countries for their own benefit so that they can have a feel of the Bobrisky effect. I am curious that those indicted in our humanitarian affairs ministry for embezzlement and corruption in the past and present administration are yet to have a feel of the Bobrisky effect . Similarly are those indicted for sponsoring terrorism in Nigeria , I believe that they also need the Bobrisky effect too. I beg to stop here for time and space because the list is too long . Congratulations once again .

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‘Who advised you’ – Aisha Yesufu blames Bobrisky

Aisha Yesufu, a popular social activist has blamed popular crossdresser, Bobrisky for pleading guilty to the count of naira mutilation. On Friday, Justice Abimbola Awogboro handed down a six-month sentence without the option of a fine. The controversial celebrity has been in the custody of the Economic and Financial Crimes Commission, EFCC, since his arrest last week. EFCC had arrested and prosecuted Bobrisky for naira mutilation. Bobrisky had, earlier on April 5, pleaded guilty to a four-count charge of naira abuse brought against him by the anti-graft agency. “Who advised him to plead guilty?” Aisha queries in a write up on X. “How does spraying of money equate to mutilating money? If it is and a crime why is it selectively used? ‘Yes, I would have. Worse case scenario I would ask him to plead “No Contest.” Anything else Oga lawyer? “If spraying money is mutilation, what is politicians throwing money at people? “Mutilation and spraying money how are they the same? Did Bobrisky pick a scissors and started shredding the NAIRA? “We just have a jungle where anything goes …

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How I collected $3m cash for Emefiele– CBN employee

IKEJA- A Central Bank of Nigeria (CBN) employee, Mr Monday Osazuwa, on Friday told an Ikeja Special Offences Court how the former apex bank governor, Godwin Emefiele, on different occasions, directed him to collect three million dollars cash in tranches.Osasuwa, while being led in evidence by the Economic and Financial Crimes Commission (EFCC) counsel, Mr Rotimi Oyedepo (SAN), said he was a dispatch rider in Zenith Bank in 2001 before he joined the CBN in 2014.Osasuwa said he joined the apex bank as a senior supervisor in 2014.He said Emefiele was the Managing Director of Zenith Bank Plc while he was working as a dispatch rider in the bank.The witness said he knew Emefiele, who was his boss, while in Zenith Bank and that he later joined him at the CBN.The witness said he was later appointed  as a senior supervisor (full time) in recording and filing of documents while working in the CBN governor’s office in Lagos.“I was still working in the CBN governor’s office while I was appointed as a full staff member and we usually communicated through …

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N585m fraud: N30bn recovered by EFCC not mine- Betta Edu

ABUJA- The suspended Minister of Humanitarian Affairs, Betta Edu, has said the N30 billion recovered by the Economic and Financial Crimes Commission, EFCC, does not belong to her. On January 8, President Bola Tinubu suspended Edu following allegation of N585.2 million fraud. Tinubu also directed the EFCC “to conduct a thorough investigation into all aspects of the financial transaction” involving her ministry. But the anti-graft agency disclosed that N30 billion has been recovered, while over 50 accounts were being investigated. In its bulletin titled “EFCC Alert,” the anti-graft commission said: “Moreover, with respect to this particular case, we have recovered over N30 billion, which is already in the coffers of the Federal Government.” However, a letter issued on Wednesday by Edu’s lawyer, Chikaosolu Ojukwu, denied knowledge of the money recovered. The letter reads: “Neither N30bn nor any amount whatsoever has been traced to or recovered from our client’s bank accounts nor has any proceed of crime been traced or recovered from her. “First and foremost, the language used in describing our client’s purported involvement in the alleged corruption case suggests …

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EFCC commences investigation of eight oil thieves in Akwa Ibom

The Uyo Zonal Command of the Economic and Financial Crimes Commission, EFCC, says it is investigating eight suspected oil thieves in its custody. A statement released on Tuesday by EFCC head of Media and Publicity, Dele Oyewale, said the suspects were dealing in petroleum products without appropriate licences. It would be recalled that the suspects, arrested on Friday February 23, 2024, onboard a wooden boat, MV Jasmine, by the Nigeria Navy Ship, Forward Operating Base Ibaka, in Akwa Ibom, were handed over to the Commission on Tuesday, April 3, 2024 by the Commanding Officer Captain (NN) Uche Aneke. According to the EFCC spokesperson, the arrested suspects include Pere Ebiye (Captain), Okon David (DeckMan), Enuwa Wilson (Cook), Wesley Okon (DeckMan), Ade Ojo Idowu (Asst. Engineer), Oluwadamire Abraham (DeckMan), Oluwole Azuzu (Asst. Captain) and Taiwo Adebanwo (Chief Engineer). They were arrested in a boat which was laden with 30,000 litres of petroleum products suspected to be crude, bunkered in a cellophane-sealed compartment of the boat and in four Geepee tanks. “Both the arrested crew members and the exhibits were handed over to …

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