Tag: EFCC
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How local government funds were moved from LG account into crypto wallets – EFCC
The Economic and Financial Crimes Commission (EFCC) has revealed the methods used to siphon public funds from local government accounts, detailing a process where money is funneled through private companies before being converted into cryptocurrency. EFCC Chairman, Ola Olukoyede, disclosed this on Monday while briefing media executives in Abuja, emphasizing that the commission could not…
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EFCC Offers Up to 5% Reward for Tips on Stolen Nigerian Assets Abroad
By George Omagbemi The Economic and Financial Crimes Commission (EFCC) has offered whistleblowers between 2.5 per cent and 5 per cent of recovered assets for credible information that leads to the recovery of Nigerian monetary and non-monetary assets allegedly stolen and hidden abroad. EFCC Chairman, Ola Olukoyede, announced the incentive on Wednesday, August 26, 2026,…
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EFCC, ICPC Probe N12bn Nigerian Govt Fund Released To NFF For Players’ Wages, Bonuses
By Opeyemi Adelakun The Economic and Financial Crimes Commission and the Independent Corrupt Practices and Other Related Offences Commission are investigating the utilisation of a N12bn Federal Government intervention fund released to the Nigeria Football Federation for players’ wages and bonuses. The disclosure was contained in a letter signed by Onoja Joshua, on behalf of…
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EFCC Arraigns Two Over Alleged Unlawful Supply Of Bank Access Codes
By Paul Joseph The Lagos Zonal Directorate 1 of the Economic and Financial Crimes Commission (EFCC) has arraigned two men before Justice F.N. Ogazi of the Federal High Court sitting in Ikoyi, Lagos, over alleged unlawful supply of bank access credentials to a database belonging to First City Monument Bank (FCMB). The defendants, Gideon Bakpa…
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Account Freeze: ‘Tinubu called me’ – Adeleke Withdraws Suit Against EFCC
By Sunday Ameh Re-elected Osun State Governor, Ademola Adeleke, has directed the state Attorney General to withdraw the lawsuit filed against the Economic and Financial Crimes Commission over the freezing of the state government’s bank account. Adeleke disclosed this during an interview on Channels Television’s Sunday Politics, following his victory in the August 15 governorship…
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EFCC Arraigns Woman Over Alleged N42.3m Fraud in Lagos
By Paul Joseph The Economic and Financial Crimes Commission (EFCC) has arraigned a woman, Chinwendu Fidelia Ohanebo, before the Lagos State High Court in Ikeja over an alleged N42.345 million fraud. Ohanebo was arraigned on Wednesday, August 12, 2026, by the Lagos Zonal Directorate 1 of the EFCC before Justice M.A. Lawal on a two-count…
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Osun Sues EFCC over Account Freeze, Seeks N2bn Damages
By Sunday Ameh The Osun State Government has dragged the Economic and Financial Crimes Commission (EFCC) before the Federal High Court in Abuja over the freezing of its statutory allocation account, seeking N2 billion in exemplary and aggravated damages. In the suit marked FHC/ABJ/CS/1762/2026, filed on August 5, Governor Ademola Adeleke, the state’s Attorney-General and…
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EFCC Defends Power to Freeze Bank Accounts for 72 Hours Without Court Order
By Abdulqadir Muhammad Alhaji The Economic and Financial Crimes Commission (EFCC) has defended its decision to place a temporary restriction on a bank account belonging to the Osun State Government, insisting that the law empowers the anti-graft agency to freeze an account for up to 72 hours without first obtaining a court order. The Commission’s…
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Update: Why Tinubu Intervened in EFCC’s Freeze on Osun Accounts – Presidency
By Gloria Drealomalicha Presidential spokesman, Bayo Onanuga, has disclosed that President Bola Tinubu personally informed Osun State Governor, Ademola Adeleke, of his decision directing the Economic and Financial Crimes Commission to vacate the court order freezing the state’s bank accounts. According to Onanuga, the President conveyed the directive during a telephone conversation with Adeleke on…
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BREAKING: Tinubu Orders EFCC to Lift Freeze on Osun Accounts Ahead of Governorship Election
By Opeyemi Adelakun President Bola Ahmed Tinubu has directed the Economic and Financial Crimes Commission (EFCC) to immediately return to court to vacate the order freezing the bank accounts of the Osun State Government, saying the timing of the action, barely days before the state’s governorship election, risks creating the impression of federal interference in…
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Just In: Why We Froze Osun State Government’s Account – EFCC
By Gloria Drealomalicha The Economic and Financial Crimes Commission (EFCC) has explained the reasons behind its decision to freeze the Osun State Government’s salary account, days after the move sparked widespread reactions. StarNews NG had earlier reported that the anti-graft agency froze the state’s salary account barely 10 days before the Osun State governorship election,…
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Osun Sues EFCC Over Frozen Government Accounts
By Opeyemi Adelakun The Osun State Government has commenced legal action against the Economic and Financial Crimes Commission (EFCC) over the freezing of its bank accounts, insisting the anti-graft agency acted outside its legal powers. The state’s Attorney-General and Commissioner for Justice, Oluwole Jimi-Bada, announced on Wednesday that Governor Ademola Adeleke had directed him to…
