Magu: We’ve Buhari’s backing to fish out corrupt elements

Magu

…says youths crucial in anti-graft crusade   Acting Chairman of the Economic and Financial Crimes Commi s s i o n (EFCC), Mr. Ibrahim Magu, yesterday said the commission is now prepared to go after corrupt elements in the country as President Mohammadu Buhari has given the commission full backing to do so. Besides, the EFCC boss expressed worry over the growing insecurity situation in the country as it had provided what he called ‘many ungoverned spaces’ for terrorists to operate at the detriment of the citizenry. Magu stated this…

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Magu: Nigerian youths must stand against graft

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The acting Chairman of the Economic and Financial Crimes Commission (EFCC), Ibrahim Magu, yesterday challenged the Nigerian youths to always raise their voices against corruption because the nation banks on them for a prosperous future. This was reinforced by the acting Zonal Head of the Commission, Ibadan office, Mr Bright Igbeleke, during the 10-million-man march organised against corruption held in conjunction with the National Youth Service Corps (NYSC) led by its State Coordinator, Mrs Ambekemo Eniola. Also participating were the State Commander of the National Drug Law Enforcement Agency (NDLEA),…

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Bankers, Indian jailed five years for N855m fraud

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Two top officials of PHB, now Keystone Bank, Anayo Nwosu and Olajide Oshodi, as well as Ashok Israni, an Indian businessman, have been sentenced to five years imprisonment each for N855million fraud. The convicts, who were arraigned by the Economic and Financial Crimes Commission (EFCC) before Justice Kudirat Jose of the Lagos State High Court, Igbosere, Lagos State, were sentenced yesterday. Also convicted is NULEC Industries Limited, belonging to Israni and Keystone Bank Limited. The convicts alongside Sunny Obazee were re-arraigned on October 4th, 2016 on an amended 15-count charge…

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Court dismisses suits seeking removal of EFCC acting Chair, Magu

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A Federal High Court sitting in Abuja yesterday dismissed some suits seeking the removal of the acting Chairman of the Economic and Financial Crimes Commission, Ibrahim Magu. Different parties had approached the court at various times seeking Magu’s removal on the grounds that the Senate had twice rejected his appointment and refused to screen him to take up the position in a substantive capacity. The court had consequently consolidated the suits. The plaintiffs argued that Magu, who has been acting as the EFCC chairman since 2015, having been rejected by…

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Presidency lobbies Senate for Magu’s confirmation

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  …alleges extortion of agencies, boards by lawmakers Buhari orders security agencies to crush bandits     There are indications that President Muhammadu Buhari will re-nominate Ibrahim Magu to be confirmed as substantive Chairman of the Economic and Financial Crimes Commission (EFCC). This was even as the Presidency accused the members of the National Assembly of making monetary demands from the ministries, departments and agencies (MDAs) of government in the course of carrying out their oversight functions. The Presidency, therefore, called on the leadership of the Senate to call to…

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Man in court for withdrawing N800,000 from victim’s account

A man, Akintunde Ogunrinde, has been arraigned before a Federal High Court, Makurdi, Benue State, for allegedly withdrawing money from the account of another man, Mr. Ademola Adewuyi, without the latter’s permission. Ogunrinde, popularly known as Kekere, was arraigned by the Economic and Financial Crimes Commission (EFCC), Makurdi zonal office, before Justice Mobolaji Olajuwon on a one-count charge of intent to defraud. The EFCC Zonal Head of Public Affairs Department, Nwanyimma Okeanu, said in a statement that Ogunrinde allegedly used a United Bank for Africa (UBA) Automated Teller Machine (ATM) card…

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Fake lawyer held for duping client of N300,000

Economic and Financial Crimes Commission (EFCC) has arrested a 53-year-old man, Muhammed Bolaji Abdulraheem, for allegedly parading himself as a lawyer and obtaining money under false pretence. Abdulraheem, who was apprehended by the Ilorin Zonal Office of the EFCC, was accused of using dubious means to defraud his client, Mallam Yusuf Bello, of N300,000. Bello, in his petition to the EFCC which was assigned to Counter Terrorism and General Investigations Section of the commission, alleged that Abdulraheem recovered the N300,000, from his debtor and claimed that the money was in…

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Magu: ‘We’re gathering Intelligence on Nigerians indicted in US’

The Economic and Financial Crimes Commission (EFCC), is currently collating comprehensive data on the 77 Nigerians arrested by the US Federal Bureau of Investigation (FBI), over alleged participation in a case of conspiracy and money laundering. The acting Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ibrahim Magu, who made the disclosure at a press conference in Ibadan, the Oyo State capital, said the gathering of intelligence on the arrested suspects, was part of “the collaborative activities between the EFCC and FBI to ensure that criminal elements are exposed…

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Alleged N2bn SME fraud: EFCC arrests Kwara DG, 6 bank MDs

…investigates 5 others Operatives of the Economic and Financial Crimes Commission (EFCC) have arrested the Director General of the Kwara State Bureau of Small and Medium Enterprise Development, Mr. Segun Soewu, over an alleged N2 billion fraud. Also arrested were Ogudu Samuel of Brightway Micro Finance; A.K. Imam of Magajingari of Micro Finance; Adeleke M.S. of Sincere Micro Finance Bank; Yusuf Muideen of Balogun Fulani Micro Finance Bank; Issa Abdulrasheed of KCMB Micro Finance Bank, as well as Oyebode Asimiyu of Apels Micro Finance bank. Acting Head of Media and Publicity…

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Magu raises the alarm over increased digital crimes

Acting Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ibrahim Magu, has raised the alarm over rise in digital currency-related crimes in the country. Magi said his concern followed number of petitions the commission had received relating to the development. A statement by Acting Head of Media and Publicity of the EFCC, Mr. Tony Orilade, quoted Magu as expressing the concern while delivering a speech at the opening of the 12th annual retreat for Heads of Security of Banks and Other Financial Institutions in Ibadan, the Oyo State…

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