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Tag: EFCC

Alleged N110b fraud: Why Yahaya Bello’s accomplice sought refund on property – Witness

Fola Badmus05 mins

The trial of a former Kogi State governor, Yahya Adoza Bello, alongside Umar Shuaibu Oricha and Abdulsalami Hudu continued on Wednesday, January 29, 2025, before Justice Maryanne Anenih of the Federal Capital Territory High Court with the First Prosecution Witness, (PW1), Fabian Nwaora informing the court, that Yahaya Bello’s accomplice, Shehu Bello, opted for a refund from EFAB Property Limited, the sum of N550 million (Five Hundred and Fifty Million Naira) he paid for a property when he learned that the said property has come under the investigation of the Economic and Financial Crimes Commission, EFCC and linked to Yahaya Bello. The witness, Chairman of EFAB Property Limited, further disclosed that the property Shehu Bello bought was located at No.1 Ikogosi Street, Maitama, Abuja. Led in evidence by prosecution counsel, Kemi Pinheiro, SAN, he narrated that “We put up a property for sale with a signboard of EFAB Property. That was in 2020. Shehu Bello came to my office and asked for the property. We discussed the price and we agreed on N550 million. He said he was going to come back the next day, I told him I was not going to be around on that day, then I introduced him to my General Manager (GM), Segun Adeleke. They both exchanged phone numbers. When I came back after one week, the GM reported to me that Shehu Bello had purchased the property. He brought the document for me to see on behalf of EFAB. The name on the agreement was Dr. Bello Ohiani not Shehu Bello. We signed and gave them back to sign and return a copy to us, no copy was returned. “After three years, Shehu Bello came back to me and said that the property was under investigation from the EFCC, he returned all the documents that I gave to him and said he would like to get his money back. I discussed it with my lawyer and he said since it was under investigation, they know that the EFCC will invite us,” he said. The witness further informed the court that they were invited by the EFCC to make statements and that his company, EFAB Property Limited was told by the Commission to pay in the money it received for the property to the EFCC’s account since the property was under investigation. “After writing the statement, the EFCC said the house was under investigation and that we should return the entire money to the EFCC account. They gave us the account number, we returned N400million, then the second batch we returned N150million. The house was marked, but when we returned the money, the EFCC said we can take over the house, since we have returned the money to them,” he said.

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EFCC arraigns Ex-AMCON MD, Ahmed Kuru, 4 Others for 76bn, $31.5m fraud

Fola Badmus01 mins

The Economic and Financial Crimes Commission (EFCC), on Monday, January 20, 2025 arraigned a former Managing Director of the Asset Management Corporation of Nigeria (AMCON), Ahmed Kuru, current Managing Director of Arik Air, Captain Roy Ilegbodu, and Receiver Manager of Arik Air. Kamilu Omokide, alongside Union Bank Plc and Super Bravo Limited, before Justice Mojisola Dada of the Special Offences Court in Ikeja, Lagos on a six-count charge bordering on alleged theft of properties belonging to Arik Air and abuse of office. They pleaded not guilty when the charges were read to them Details shortly…

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Alleged N33.8bn Fraud: EFCC presents four more witnesses against Saleh Mamman

Fola Badmus03 mins

The Economic and Financial Crimes Commission, EFCC, on Monday, January 13, 2025 presented four more witnesses in the ongoing trial of former Minister of Power, Saleh Mamman before Justice James Omotosho of the Federal High Court, Abuja. Mamman is being prosecuted by the EFCC on a 12-count charge bordering on conspiracy to commit money laundering to the tune of N33,804,830,503.73 (Thirty-three Billion, Eight Hundred and Four Million, Eight Hundred and Thirty Thousand, Five Hundred and Three Naira, Seventy-three Kobo). At the Monday`s proceedings, prosecuting counsel, Rotimi Oyedepo, SAN, told the court that the EFCC was prepared to further prove its case with four more witnesses: PW4, 5, 6, and 7, whom he said were Compliance Officers at Zenith, UBA, GTB and Wema Banks, respectively. The witnesses are PW4 Mishelia R.B, PW5 Mayowa Itiku, PW6 Lily Marama and PW7 Oluwunmi Ogunloye. While being led in evidence by prosecuting counsel, the witnesses took turns to inform the court that they received correspondences respectively from the EFCC to provide details of account openings and statements in respect of ten business entities which are: Sami Court Resort Limited, Golden Bond Nigeria Limited, Samson Bitrus, Gurupche Business Enterprise, Shipikin Global Enterprises, Silverline Ventures, Breathable Investment Ltd, First Class Contraction Ltd, Spinhillls Biz International Ltd and Fulex Utility Concept Ltd. Oyedepo presented bundles of documents of those entities which the witnesses affirmed before the court that they emanated from their banks and were generated from their databases. After confirming the documents as their bank documents, the prosecuting counsel tendered them in evidence before the court. Justice Omotosho thereafter adjourned the matter till January 22, 23 and 24, 2025, for continuation of hearing.

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EFCC arrests Four Chinese, 101 Others for suspected internet fraud in Abuja

Fola Badmus01 mins

In its ongoing efforts to clean the nation of internet fraud and other acts of corruption, operatives of the Economic and Financial Crimes Commission, EFCC, have arrested four Chinese and 101 Nigerians in a business apartment in the Gudu axis of Abuja. They were arrested on Thursday, January 9, 2025. The suspects, comprising 67 males (including four Chinese) and 38 females were allegedly involved in a hotel review job scam targeting victims and hotels in Europe and other parts of the world. The suspects will be charged to court upon the conclusion of the investigations.

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EFCC makes single largest asset recovery till date

Fola Badmus05 mins

Justice Jude Onwuegbuzie, on Monday, December 2, 2024 gave a ruling on a final forfeiture of an estate in Abuja measuring 150,500 square metres and containing 753 Units of duplexes and other apartments. This is the single largest asset recovery by the Economic and Financial Crimes Commission, EFCC, since its inception in 2003. The Estate rests on Plot 109 Cadastral Zone C09, Lokogoma District, Abuja. The forfeiture of the property to the federal government by a former top brass of the government was pursuant to EFCC’s mandate and policy directive of ensuring that the corrupt and fraudulent do not enjoy the proceeds of their unlawful activities. In this instance, the Commission relied on Section 17 of the Advance Fee Fraud And Other Fraud Related Offences Act No 14, 2006 and Section 44 (2) B of the Constitution of the 199 Constitution of the Federal Republic of Nigeria to push its case. Ruling on the Commission’s application for the final forfeiture of the property, Justice Onwuegbuzie held that the respondent have not shown cause as to why he should not lose the property, “which has been reasonably suspected to have been acquired with proceeds of unlawful activities, the property is hereby finally forfeited to the federal government.” The road to the final forfeiture of the property was paved by an interim forfeiture order, secured before the same Judge on November 1, 2024. The government official which fraudulently built the estate is being investigated by the EFCC. The forfeiture of the asset is an important modality of depriving the suspect of the proceeds of the crime. The justification for the forfeiture is derived from Part 2, Section 7 of the EFCC Establishment Act, which stipulates that the EFCC “has power to cause investigations to be conducted as to whether any person, corporate body or organization has committed any offence under this Act or other law relating to economic and financial crimes and cause investigations to be conducted into the properties of any person if it appears to the Commission that the person’s lifestyle and extent of the properties are not justified by his source of income.” The Commission’s Executive Chairman, Mr. Ola Olukoyede, has repeatedly described asset recovery as pivotal in the fight against corruption, economic and financial crimes and a major disincentive against the corrupt and the fraudulent. Addressing members of the House of Representatives Committee on Anti-corruption recently, he said, “If you understand the intricacies involved in financial crimes investigation and prosecution you will discover that to recover one billion naira is war. So, I told my people that the moment we start investigation we must also start asset tracing because asset recovery is pivotal in the anti-corruption fight; and one of the potent instruments that you can deploy as an anti-corruption agency for an effective fight is asset tracing and recovery. If you allow the corrupt or those that you are investigating to have access to the proceeds of their crime, they will fight you with it. So one of the ways to weaken them is to deprive them of the proceeds of their crime. So, our modus operandi has changed simultaneously. The moment we begin investigation, we begin asset tracing. That was what helped us to make our recoveries.”

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EFCC arrests suspected internet fraudster in Abuja 

Fola Badmus01 mins

Operatives of the Economic and Financial Crimes Commission, EFCC, on Wednesday, 27 November 2024, arrested one suspected internet fraudster.  The suspect was arrested at No.25 Aliyu Modibbo Street, Guzape Hills, Abuja following credible intelligence on his alleged involvement in internet fraud. Items recovered from him include a Range Rover Velar 2019 model, $4100 (Four Thousand One Hundred United States Dollars), N2,000,000 (Two Million Naira) cash, One AP silver wrist watch, two mobile phones and one laptop. He will be charged to court upon conclusion of investigations.

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EFCC arraigns REA Director for alleged N223.4m fraud

Fola Badmus04 mins

The Economic and Financial Crimes Commission, EFCC has arraigned the Director of Human Resources Management of the Rural Electrification Agency, REA, Mr. Sulieman Garba Bulkwang before Justice Joyce Abdulmalik of the Federal High Court, Abuja for fraud. He is being prosecuted on a five-count charge, bordering on criminal diversion of funds and money laundering to the tune of N223,412,909 (Two Hundred and Twenty-three Million, Four Hundred and Twelve Thousand Nine Hundred and Nine Kobo). Count one of his charge reads “That you SULEIMAN GARBA BULKWANG, while being the Director of Human Resources Management of the Rural Electrification Agency, REA within the jurisdiction of this Honourable Court did counsel one Umaefulem Donatus Chibueze, the Managing Director of Cees Assist Resources and Brainstask Value Resources (consultants to REA) to transfer the sum of N138,123,969 (One Hundred and Thirty eight Million, One Hundred Hundred and Twenty Three Thousand, Nine Hundred and Sixty Nine Naira) out of the sum of N279,330,000.00 (Two Hundred and Seventy Nine Million, Three Hundred and Thirty Thousand Naira) paid to the consultants by REA, when you knew that the said sun of N138,123,969.000000 constituted proceed of unlawful activity and you thereby committed an offence contrary to Section 21 (a) of the Money Laundering Prevention and Prohibition Act 2022 and punishable under Section 18(3) of the same Act.” Count two reads “That you SULEIMAN GARBA BULKWANG while being the Director of Human Resources Management of the Rural Electrification Agency (REA) sometime in July, 2023 in Abuja within the jurisdiction of this Honourable Court indirectly converted the sum of N45,000,000.00 (Forty Five Milion Naira) being part of the money cumulatively paid to the bank accounts of Dammy Gold Programme Ltd, World Class Business, Green Haven Company And De-Sam Rose – Base Ltd by consultants to REA when you know that the said sum of N45,000.000 .00 constituted proceed of unlawful activity and you thereby committed an offence contrary to Section 18(b) (b) and punishable under Section 18(3) of the Money Laundering (Prevention and Prohibition) Act, 2022.” He pleaded “not guilty” to all the charges after they were read to him and in the absence of defence counsel, prosecution counsel, Ekele Iheanacho, SAN prayed the court for a trial date and for the defendant to be remanded in a correctional center. Justice Abdulmalik adjourned the matter till February 3, 2024 for the defendant’s bail application and ordered that he be remanded in Kuje Correctional Center.

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Marwa charges elites to join crusade against substance abuse, drug trafficking

Fola Badmus08 mins

Chairman/Chief Executive Officer of the National Drug Law Enforcement Agency, Brig Gen Mohamed Buba Marwa (Rtd) has charged the Nigerian elites to key into the whole-of-society strategy by the NDLEA to curb the scourge of substance abuse and illicit drug trafficking in the country. Marwa gave the charge in his keynote speech at the Island Club Business Forum in Lagos on Tuesday 19th November 2024. According to him, This is not a challenge for government alone. All of us are stakeholders on this issue and it is an assignment for all Nigerians. The standard whole-of-society approach to the drug issue is such that everyone is a stakeholder. The future of Nigeria belongs to us all. “As we are doing our bit at NDLEA, we expect society to complement our efforts by taking a huge role in preventing the young ones from falling into situations that encourage experimentation with drugs, whether licit or illicit. Every one of us has a role to play, and the simplest role is one of advocacy. By spreading the message, we can all become anti-drug abuse advocates. Spreading the word about the dangers of misuse of drugs can go a long way in shielding more lives from the ruins of illicit drugs. The Island Club can also join in this effort to safeguard the wellbeing of our society from the drug menace,” Marwa stated. He told the gathering of business leaders, students and parents that since the retooling of NDLEA three years ago after he assumed leadership, the Agency has ramped up its drug demand reduction and drug supply reduction efforts leading to significant results, adding that the call for everyone to support the ongoing effort has become imperative because of the forecast by UNODC in 2021 World Drug Report that drug use in Africa will rise by 40% in Year 2030 especially among those within 25-29 and 30-34 age groups as a result of population growth. “By and large, the outlook of the future will depend on our action or inaction at curbing the drug abuse trend. I, being an optimist, believe the future favours Nigeria―only if we get the matrix right. A lot has been said about the future belonging to Africa. Indeed, the potential is glaring, when you factor in the continents burgeoning youth population, the digital aptitude of the younger generation and the enterprising spirit of young people. “But a lot of work has to go into the making of that vision. If we read the statistics correctly, the worlds biggest drug problem of the future could be in Africa. So, the future could be bright or bleak; it could be one of boom or gloom; it could be decades of prosperity or problems depending on the amount of work we are willing to do today. Tomorrow, the saying goes, belongs to the people who prepare for it today,” he stated.  He said the enormity of the problem is further reflected by the anti-drug activities of the NDLEA in the past three years. In just three years, we have arrested 52, 901 traffickers, including 52 barons, and 9, 034 have been convicted. The barons we have arrested are not anonymous people in society. They include big business people and socialites some of them have chieftaincy titles and also government officials, including those tasked with maintaining law and order. That tells how deeply the rot had eaten into the fabric of our society. Within the period, we have seized 8.6 million kilograms of assorted illicit drugs and destroyed 1,572 hectares of cannabis farms. Other invited guests who spoke on the menace of drug abuse at the forum include: Prof Harry Ladapo, a consultant psychiatrist and Prof Lere Baale, President, Nigeria Academy of Pharmacy. In his welcome remarks, Chairman of the Island Club, Omoba Rotimi Olasode Martins acknowledged Marwas unwavering commitment to combating drug abuse adding that his wealth of experience in tackling this scourge inspire us all. He described drug abuse as a menace that has infiltrated every layer of our society, threatening our youth, destabilizing families, and undermining the socio-economic fabric of our nation.” “Today, we are gathered not only to discuss its devastating impact but, more importantly, to explore practical, sustainable solutions to this epidemic. This event exemplifies what Island Club has stood for since its inception a hub for meaningful discourse, community engagement, and solutions-driven dialogue. “As we embark on this journey today, let us remember that the fight against drug abuse is not just about enforcement or legislation, it is about building a society that offers hope, opportunities, and support to its citizens. Together, we can create a Nigeria where our young people can thrive, free from the shadows of addiction”, he added.

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