The Federal Government has initiated criminal proceedings against Binance, a cryptocurrency exchange platform, in a decisive move aimed at upholding fiscal responsibility and safeguarding the economic integrity of the country, The criminal proceeding charges, filed at the Federal High Court in Abuja, were announced by the Federal Inland Revenue Service (FIRS) in a statement issued […]
The Economic and Financial Crimes Commission (EFCC) and the Nigeria Deposit Insurance Corporation (NDIC), have opened discussions on how to synergize their efforts for the purposes of ensuring that the nation’s banking industry is secured from fraudulent activities and by implication, stabilize the financial system. The Executive Chairman of the EFCC, Mr. Ola Olukoyede, made this […]
The Nigerian National Petroleum Company Limited (NNPCL) has solicited the support of the Economic and Financial Crimes Commission (EFCC) in the current efforts of the Federal Government to combat the crude oil theft incidents nationwide in view of the destructive impacts on the nation’s economy. The Group Chief Executive Officer of NNPCL, Mele Kyari, appealed […]
The Economic and Financial Crimes Commission (EFCC), has disclosed that approximately 70% of financial crimes in Nigeria are connected to banks. The chairman of the anti-graft agency, Ola Olukoyede, gave this hint during his address at the 2023 Annual Retreat and General Meeting of the Association of Chief Audit Executives of Banks in Nigeria held […]
The Economic and Financial Crimes Commission (EFCC), has charged members of the Association of Local Governments of Nigeria (ALGON), to adopt innovative strategies in the current drive towards tackling corruption and improve governance at the local government level. The Executive Chairman of the anti-graft agency, Mr. Ola Olukoyede, gave the charge at a two-day national […]
The Nigerian Communications Commission (NCC) and the Economic and Financial Crimes Commission (EFCC) have agreed to synergize efforts to tackle technology-driven crimes in the country in order to make Nigeria more investment-friendly and promote socioeconomic activities. The Executive Vice-Chairman/Chief Executive Officer (EVC/CEO) of NCC, Dr. Aminu Maida, gave this hint during his recent visit to […]
A legal firm, Alpha-Harris Solicitors has flawed the Economic and Financial Crimes Commission (EFCC) criminal allegations against its client, Mr. Alex Ikomi, in a contract agreement between the latter and Alausa Power Limited, saying the allegations are untrue The agreement was for the rental and deployment of three units 1MW Power Plant at Ikeja Mall under […]
The Economic and Financial Crimes Commission (EFCC) has taken custody of the travel documents of suspended Minister of Humanitarian Affairs and Poverty Alleviation Dr. Betta Edu and her predecessor, Hajiya Sadiya Umar-Farouq, as its investigations of allegation of fraud levelled against the duo and others continued. The anti-graft agency also impounded the international passport of […]
The Nigeria Extractive Industries Transparency Initiative (NEITI) has reported that some oil companies and ministries, departments and agencies (MDAs) failed to remit over $8.3 billion into the Federation Account as required by extant financial regulations. The Executive Secretary of organization, Dr. Ogbonnaya Orji, made this disclosure in a detailed report on Nigeria’s extractive industry operations […]
……Develops Revenue Computation, Allocation Software The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) at the weekend said it recovered N319 billion unremitted revenues from Ministries, Departments, and Agencies (MDAs) over the last two years. The Chairman of the commission, Mohammed Shehu, who gave this hint during a media chat in a media on Saturday, explained […]