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EFCC Commences Investigation of $86,500, 305,150 Riyals Intercepted at Kano Airport

Our Reporters2 months ago2 months ago33 mins

The Economic and Financial Crimes Commission, EFCC, Kano Zonal Directorate has commenced investigation of $86,500 (Eighty-Six Thousand Five Hundred United States Dollars), 305,150 (Three Hundred and five, One Hundred and Fifty Saudi Riyals, and 200 Euros confiscated by officers of the Nigeria Customs Service, NCS at the Mallam Aminu Kano International Airport. The funds were discovered in an unaccompanied bag suspected to have been smuggled into the country and intercepted on Sunday April 27, 2025 when a clearing agent, Sale Bala, attempted to retrieve the bag. Upon physical inspection, Customs officers uncovered the foreign currencies concealed in bed spreads (duvets) and date packs tucked in the luggage. Further investigation led to the arrest of Bala and a second suspect, Abdullahi Tahir, who was reportedly tasked with receiving the bag after clearance. The money was handed over to the EFCC by Chief Superintendent of Customs, CSC Abdulahi Hashim and received on behalf of the Commission by Assistant Commander of the EFCC, ACE11 Aminu Bashir. The suspects as well as the seized funds are in the custody of the Commission and will be charged to court upon conclusion of investigations. The EFCC commended the Nigeria Customs Service for its vigilance and reiterated the importance of inter-agency cooperation in safeguarding the nation’s economy. The Commission, in collaboration with Customs and other stakeholders, is intensifying efforts to enlighten stakeholders on the legal requirements for cash movement and the consequences of non-compliance. On Saturday, April 26, 2025 the EFCC, ICPC and the Nigeria Customs Service jointly organized a sensitization program to educate all stakeholders about cash movement in and out of Nigeria on the legal requirements for the movement of cash as enshrined in the Nigerian laws and regulations. The event witnessed a massive audience ranging from the bureau de change community, travel agencies, airport authorities and pilgrim boards as well as the Kano Chamber of Commerce & Industry.

EFCC Receives Petition Against Mele Kyari Promises Swift Investigation

Our Reporters2 months ago2 months ago14 mins

The Economic and Financial Crimes Commission (EFCC) has received a petition from a coalition of lawyers and civil society groups against the former Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari. The petition, submitted on Friday, follows recent protests by the “Concerned Citizens Against Corruption” at the Federal Ministry of Justice in Abuja, where demonstrators called for a thorough probe into Kyari’s leadership and NNPCL’s transactions over the past five years. Similarly, on Wednesday, another group of lawyers under the banner of “Guardians of Democracy and Rule of Law” marched to the Ministry of Justice to formally petition the Attorney General of the Federation (AGF). Following this, the group also submitted a parallel petition to the EFCC. Receiving the petition on behalf of the EFCC chairman, Ola Olukoyede, the commission’s spokesman, Dele Oyewale, assured the petitioners that the issues raised would be thoroughly investigated.“The issues raised in the petition will be looked into and addressed,” Oyewale stated. The petition accuses Kyari of monumental fraud, tax evasion, economic sabotage, and abuse of office during his tenure from July 2019 to February 2025. Led by Asika Raymond, the Guardians of Democracy and Rule of Law alleged that Kyari, in collusion with certain contractors and consultants, inflated the costs of refinery rehabilitation projects, notably the Port Harcourt Refinery, where $1.5 billion was allegedly spent despite an initial $1 billion estimate for the rehabilitation of three refineries. The petition also highlights allegations of crude oil diversion, opaque financial transactions under the guise of “pipeline security” at a suspicious rate of 80,000 barrels per day, and irregularities in the $5 billion AKK Gas Pipeline Project. Further concerns were raised regarding fuel subsidy fraud during the COVID-19 pandemic when NNPCL reportedly increased petroleum imports, contrary to global trends of reduced fuel consumption. The petition questions the transparency of crude-backed loans worth $21.565 billion secured by NNPCL since 2019, alleging that the terms were unfavorable to Nigeria, ceding financial benefits to oil traders. Kyari is also accused of authorizing massive, undocumented spending on oil exploration projects without clear feasibility studies or demonstrated economic returns. The lawyers urged the EFCC to conduct a forensic audit of all payments made to consultants and contractors from 2019 to 2025, recover misappropriated funds, and collaborate with the Federal Inland Revenue Service (FIRS) to investigate suspected cases of tax evasion.

EFCC commences investigation of suspect arrested with $578,000 in Lagos

Our Reporters3 months ago3 months ago05 mins

Operatives of the Lagos Directorate 2 of the Economic and Financial Crimes Commission, EFCC, have commenced investigations of a suspect, Okorie Sylvernus Sunday, arrested at the Murtala Muhammed International Airport, Ikeja, Lagos, by the Nigeria Customs Service, NCS, with $578,000( Five Hundred and Seventy Eight Thousand United States of America Dollars) The investigations commenced on Friday, March 21, 2025 when the Area Comptroller in charge of the NCS at the airport on Friday, March 21, 2025, handed over Sunday to the EFCC for false currency declaration. The suspect was arrested by the Customs upon arrival in the country from Johannesburg , South Africa, on Wednesday, March 19, 2025. On arrival, he had approached the Currency Declaration Desk and declared the sum of $279,000( Two Hundred and Seventy-nine Thousand United States Dollar). However, an additional sum of $299,000( Two Hundred and Ninety-nine Thousand USD) was found to be neatly concealed in different packages, thereby totaling $578,000 (Five Hundred and Seventy Eight Thousand USD). During further examination, the suspect was found to have also concealed the sum of 100 Euros (One Hundred Euros) as well as a counterfeit $250 (Two Hundred and Fifty USD).” Speaking during the handing over, Harrison said: “ This is in contravention of the provisions of the Money Laundering Prohibition Act 2011, which stipulates that any currency or other forms of negotiable instruments , where the value exceeds $10,000 threshold or its equivalent must be properly declared for inbound and outbound passengers.” Harrison, who spoke on behalf of the Comptroller-General of Customs, Bashir Adewale Adeniyi, added that “ The Command will be handing over a total sum of Five Hundred and Seventy-eightThousand, United States Dollar ($578,000) to the Economic and Financial Crimes Commission for false currency declaration.” While receiving the suspect, the acting Zonal Director, Lagos Zonal Directorate 2 of the EFCC, Okotie Eboh, Ahmed Ghali, commended the NCS for its cooperation with the EFCC. He stated that inter-agency collaboration was very crucial to achieving a common goal, adding that “We are here today to take over one passenger coming from South Africa for falsely declaring the cash he was carrying along . I want members of the public to be weary of this kind of act . It is incumbent on each and every person going out or coming into the country to declare any cash in excess of $10,000. It is mandatory by virtue of the provisions of our laws, especially the money laundering law”. He also appealed to the members of the public to desist from the act of false declaration or non-declaration, adding that the long arm of the laws would always catch up with anyone involved in the criminal act. “We will not allow anyone to sabotage the economy or the nation’s financial system. This is because this kind of act exposes the country to a lot of risks, in terms of money laundering; it also makes the country to be seen as a haven of fraud. We will continue to synergise to make sure we have a better country , a stronger economy and a more functional financial system,” he said.

Bobrisky considers suicide

Our Reporters9 months ago9 months ago02 mins

Popular Nigerian cross dresser Idris Olarenwaju Okuneye also known as Bobrisky is considering taking his life following the raging controversies over his incarceration. Mr Okuneye alleged to have served his jail term at a private residence and not at the Correctional Facility in Kirikiri, Lagos. In a post on his Instagram field on Thursday, Bobrisky wrote; “I have never in my life thought about suicide but now it is coming to my head seeing what human beings are doing to their fellow human just in the name you want to bring them down by force or because you don’t like them (sic). “I don’t need sympathy from anyone. “People I might need sympathy from are my late parents. “But who will fight for you? “Friends? “Haters you won.” Mr. Idris’s situation remains cloudy as at press time as he has deleted all the pictures on his Instagram. Meanwhile, the Executive Chairman of the Economic and Financial Crimes Commission, EFCC, Mr. Ola Olukoyede has ordered immediate investigation of alleged bribery allegations imputed to some officers of the Commission by Bobrisky in a viral video circulating across the country. Okuneye, an ex-convict had alleged in the video powered by Martins Vincent Otse (a.k.a VeryDarkMan) that some unnamed officers of the EFCC collected the sum of N15,000,000 (Fifteen Million Naira) only from him to drop money laundering charges against him.