LAGOS NOVEMBER 19TH (NEWSRANGERS)-A High Court of the Federal Capital Territory, FCT, has discharged and acquitted a former Secretary to the Government of the Federation, SGF, Babachir Lawal, and five others from the N544 million grass-cutting contract fraud offences brought against them by the Economic and Financial Crimes Commission, EFCC. The Court on Friday held…
LAGOS NOVEMBER 4TH (NEWSRANGERS)-Following the decision of the Central Bank of Nigeria, CBN to redesign some Naira notes, the Economic and Financial Crimes Commission (EFCC), has said it is monitoring at least three serving State governors who hoarded billions of Naira in their houses. The EFCC Chairman, Abdulrasheed Bawa, who made the revelation in an…
LAGOS NOVEMBER 1ST (NEWSRANGERS)-Operatives of the Economic and Financial Crimes Commission raided the offices of black market currency dealers in Abuja on Tuesday in a bid to halt the rapid fall of the naira. Naira plunged rapidly between Monday and Tuesday to more than 840 in Abuja a week after the the Central Bank of…
LAGOS SEPTEMBER 6TH (NEWSRANGERS)-Suspended Deputy Commissioner of Police, Abba Kyari, on Monday, said the allegation by the National Drug Law Enforcement Agency, linking him to the ownership of 14 assets, including shopping mall, residential estate, polo playground, lands and farmland, was untrue. Kyari, a former Commander, Intelligence Response Team, in a statement by his lawyer,…
LAGOS AUGUST 25TH (NEWSRANGERS)-The EFCC has arraigned Lucky Uchechukwu Ndukwe, a Manager with Cubana Group, on charges of conspiracy and money laundering. He was arraigned alongside Precious Omonkhoa Ofure before the Special Offences Court in Ikeja, Lagos, according to a statement by EFCC’s spokesperson, Wilson Uwujaren, on Wednesday. The commission said Mr Ndukwe, also known…
LAGOS AUGUST 5TH (NEWSRANGERS)-The Executive Chairman of the Economic and Financial Crimes Commission (EFCC), Abdulrasheed Bawa has called for enhanced operational partnership with the Service in the renewed war against perpetrators of economic and financial crimes in the country. He made the call during a meeting with the Comptroller General of Immigration Isah Jere Idris…
LAGOS JUNE 11TH (NEWSRANGERS)-Operatives of the Economic and Financial Crimes Commission (EFCC) stormed the head office of NOVA Merchant Bank Limited to arrest the Chairman of the institution, Phillips Oduoza and its Managing Director/Chief Executive Officer, Nath Ude, SaharaReporters has reported. NOVA Bank is an investment-grade merchant bank in Nigeria which offers an integrated suite…
LAGOS JUNE 9TH (NEWSRANGERS)-Attempt by the former Managing Director of the defunct FinBank Plc, Mr. Okey Nwosu and Dayo Famoroti to set aside their conviction by Justice Lateefa Okunnu of the Lagos High Court literally hit the rock yesterday June 8, 2022 as the Court of Appeal sitting at Tafawa Balewa Square, Lagos upheld their…