LAGOS FEBRUARY 23RD (NEWSRANGERS)-The Chief Executive Officer of the Financial Derivatives Company, Bismarck Rewane has told President Bola Tinubu to stop chasing shadows with the Economic and Financial Crimes Commission’s recent clampdown on Bureau De Change operators over the fluctuations of Naira against the US Dollar at foreign exchange market. Rewane disclosed this on Thursday…
LAGOS FEBRUARY 21ST (NEWSRANGERS)-Operatives of the Kaduna Zonal Command of the Economic and Financial Crimes Commission, EFCC, have arrested one Captain Nuhu Haruna for an alleged criminal breach of trust to the tune of N1,020,000.000 (One Billion, Twenty Million Naira only) The suspect was arrested when a petitioner alleged that sometime in December 2023, he…
LAGOS SEPTEMBER 18TH (NEWSRNAGERS)-The last is yet to be heard about the allegation of fraud rocking the Ministry of Humanitarian and Social Inclusion as operatives of the Economic and Financial Crimes Commission (EFCC) investigating the issue have uncovered a fresh fraud of N17bn linked to the ministry. Investigations by the Sunday Tribune confirmed on Saturday…
LAGOS FEBRUARY 1ST (NEWSRANGERS)-The Chairman of the Economic and Financial Crimes Commission, Ola Olukoyede, has revealed that the anti-graft agency traced the sum of N7bn, suspected to be proceeds of money laundering, to a religious organisation. He said another religious group was found to be laundering money for terrorists. The EFCC chairman made the revelation…
LAGOS JANUARY 15TH (NEWSRANGERS)-The Economic and Financial Crimes Commission (EFCC) has reopened fraud cases against thirteen former governors and some former ministers, with the amounts involved running into over N853.8bn. According to Sunday PUNCH, the amount at stake in the high-profile cases involving the former governors and ex-ministers was not less than N772.2bn, with the…
LAGOS JANUARY 13TH (NEWSRANGERS)-The Economic and Financial Crimes Commission (INEC) has vowed to revisit the case of alleged N70billion fraud against the Minister of State for Defence, Bello Matawalle, while he was the governor of Zamfara State from 2019 to 2023. The EFCC’s acting Director of Public Affairs, Wilson Uwajuren, stated this while addressing protesters…
LAGOS JANUARY 10TH (NEWSRANGERS)-The Economic and Financial Crimes Commission is currently interrogating Chief Executive Officers and Managing Directors of Zenith Bank, Providus Bank, and Jaiz Bank in connection with the over N44 billion fraud allegedly uncovered in the Ministry of Humanitarian Affairs and Poverty Alleviation. Our correspondent gathered that the senior back executives are currently…
LAGOS JANUARY 9TH (NEWSRANGERS)-An FCT High Court has awarded the sum of N100 million in damages in favour of former governor of the Central Bank of Nigeria (CBN), Godwin Emefiele over his prolonged detention without trial, which it declared a flagrant violation of his fundamental rights. In the judgment on Monday, Justice Kayode Adeniyi also…