Connect with us

The amount of money the Economic and Financial Crimes Commission recovered within six months in Abuja has been revealed. 

EFCC The Economic and Financial Crimes Commission, says it secured 16 convictions, recovered N100 million within the last six months in Abuja zone of the agency, Vanguard reports. The recovery and conviction spanned November 2018 and April 2019. According to Umar Hadejia, Head of the EFCC Abuja Zonal Office, the achievement comes a few months after the anti-graft agency formally designated the Wuse II Office of the EFCC, as the Abuja Zonal Office, following the commissioning and movement of the Headquarters of the EFCC to its new Head Office Complex at Jabi, Abuja.  Hadejia who made the disclosure on Friday, May 10, 2019 stated that the Zone recovered a total cash of N92,800,078 , $42,543 and €1,000 during the period under review. He added that within the period, the Zone recovered the following items: Mercedes Benz C300, Mercedes Benz C240, Lexus salon car, 3 HP Pavilion Laptops, Dell Laptop, 3 Apple MAC Book Laptops, 9 iphone X smart phones, 7 Android phones, Apple ear pods, iwatches, Refrigerators, Televisions, generators, expensive wrist watches and jewelleries worth millions of Naira. He said: “The Zone has continued to speed up efforts to ensure that fraudsters are made to face the wrath of the law and in situations were funds are recovered, victims are refunded and where the court deems fit, funds are returned back to the federal government coffers. “We hereby urge citizens in Nigeria and the Diaspora to ensure they report any suspected economic or financial crime to the Commission for immediate investigation and prosecution.” 

Stay Connected Like Us On Facebook
Follow Us On Twitter
Join Us On WhatsApp

News

EFCC Vows To Go After ‘Yahoo Boys’ Indicted By FBI

Published

on

The Economic and Financial Crimes Commission (EFCC) has said it will begin immediate manhunt for the home-based Nigerians indicted by the United States’ Federal Bureau of Investigation (FBI) for a variety of scams and online fraud cases in the US.

Speaking at the EFCC headquarters in Abuja on Friday, the Acting Chairman of the agency, Ibrahim Magu, stated that the agency had commenced investigation into the matter.

He said the commission was investigating to ascertain the involvement of Nigerians who collaborated with the ones indicted in the United States.

“We will investigate it and we will leave no stone unturned. We will go after those who collaborated with the ones in the US and they will be made to face the full wrath of the law,” Magu said.

He also restated an earlier position of government that it would go after those involved in the failed Process and Industrial Development (P&ID) gas to power project that plunged the country into a $9.9 billion judgement debt crisis.

The EFCC boss said the commission was collaborating with the FBI in two operations notably Operation ‘Wire-wire’ which commenced in 2018 and Operation ‘Rewire’ presently ongoing, both aimed at containing cybercrime.

He said the joint operation involved Malaysia, Canada, Indonesia and the United States.

“We work with FBI in Lagos. We carried out operation wire-wire and the FBI mentioned in their press statement that we are one of the agencies working with them and it was successful”, he said.

On the P&ID $9.9billion judgement debt, Magu said the investigation had commenced.

“We are investigating. It’s ongoing. It will be revealing because some people want to rob this nation and we will not allow that”, he said.

Stay Connected Like Us On Facebook
Follow Us On Twitter
Join Us On WhatsApp

Continue Reading

News

Why Buhari Will Be In Japan On Sunday

Published

on

President Muhammadu Buhari will depart Abuja Sunday for Japan to participate in the Seventh Tokyo International Conference on African Development (TICAD7) holding in the City of Yokohama, August 28-30, 2019.

Buhari’s participation will be his second, having attended TICAD6 in Nairobi, Kenya, on August 2016.

With the theme, “Africa and Yokohama, Sharing Passion for the Future,” the Opening Session of TICAD7 will be performed by the Japanese Prime Minister and host, Shinzo Abe.

He will attend a State Banquet and also honour the invitation of Emperor Naruhito to a Tea Reception at the Imperial Palace, Tokyo.

“In addition to a bilateral meeting with Prime Minister Abe, the Nigerian President will also attend some side-events and meet chief executive officers of some Japanese companies with huge investments in Nigeria.

“Formed in 1993, the now triennial TICAD, which has been convened alternately in Japan and Africa since TICAD6, according to the organizers, is the largest international conference held in Japan which ‘provides an open forum that generates innovative discussion among various stakeholders on African development.’

“Participants are drawn not only from African countries but also from international organizations, private companies and civil society organizations involved in development.

“TICAD7 is expected to focus on Africa’s ‘economic transformation and improvements in business environment and institution through private investment and innovation; promotion of resilient and sustainable African society for human security; and peace and stability in support of Africa’s domestic proactive efforts.’

“Nigeria has gained tremendously since her participation in TICAD6 at the highest level, during which Japan pledged $30 billion investment ‘for the future of Africa combined with the private sector;’ $10 billion infrastructure investment, and $500 million for vocational training of 50,000 Africans.

“Since the Nairobi Conference, the Japanese government and companies have been very active in supporting Nigeria’s agriculture, healthcare, electricity and youth empowerment.

“President Buhari and his delegation are expected in Yokohama to push for broader Japanese assistance in the areas of science and technology, innovation, human resource development, education, agriculture, power, health and disaster risk reduction, among others.

“President Buhari will be accompanied by Governors Babagana Zulum, AbdulRaham AbdulRazaq and Babajide Sanwo-Olu of Borno, Kwara, and the Lagos States respectively; ministers and other top government officials.

“The President is expected back in Nigeria on Saturday, August 31.”

Stay Connected Like Us On Facebook
Follow Us On Twitter
Join Us On WhatsApp

Continue Reading

News

6,000 Nigerians Under Investigation For Murder, Fraud, Robbery, Others In South Africa

Published

on

Nigeria’s High Commissioner to South Africa, Ambassador Kabir Bala, has said that over 6,000 Nigerians were being investigated for various crimes in the country.

Bala disclosed this on Wednesday in an interview with Channels Television in Johannesburg, South Africa.

He explained that the crimes range from drug-related offences to murder, fraud and armed robbery.

Noting that the statistics were from the South African Police Service, the envoy said: “We have to look at it from a proper perspective so that we don’t tilt the balance. And then we overlook the fact that some of our nationals engage in things that are not legal here.

“We have 6,089 of them having cases that are being concluded or investigated and some of them in prison, we have them.”

The diplomat, however, explained that the accused persons, whether Nigerians or other nationals, have the right to fair trial before being convicted if found guilty in line with the laws.

Stay Connected Like Us On Facebook
Follow Us On Twitter
Join Us On WhatsApp

Continue Reading

Trending