$2.8m Seized Cash is For Political Campaigns- EFCC Source

By Bayo Bernard  The Central Bank of Nigeria, CBN has failed to intervene on the allegation of money laundry in which two officials of Bankers Warehouse are currently being held by the Economic and Financial Crimes Commission, EFCC. The decisionby apex bank to keep mum over the matter, the magazine learned may not be unconnected with ongoing EFCC investigations to unravel the source of the cash and suspicion held by the anti- graft body that the seized is meant for campaign purposes. Two officials of BW were arrested last Thursday…

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Magu Mocks Senate

By Akinwale Kasali The Acting Chairman of the Economic and Financial Crimes Commission, Ibrahim Magu, has sarcastically mocked the Senate, saying that he is happy that the Senate didnt confirm his appointment as the substantive chairman of the anti-graft agency. Magu added that if he had been confirmed by the Senate he would perhaps not have been able to discharge his duties appropriately as he is doing presently. Magu made this statement at the Lagos State High Court in Ikeja where he was testifying in a libel suit he filed against The…

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Senate In Rowdy Session, refuses to Endorse EFCC Nominees

By Uche Mbah Senate today went into a rowdy session as they considered the names that were submitted by the presidency for confirmation of their appointments into the anti graft agency. The uproar was hinged on the flagrant disregard for federal character in the nominations. The nominees are Ndasule Moses, Lawan Mamman, Galadanci Najib and Adeleke Adebayo Rafiu. The letter from the presidency has been with the senate since 2016, but it only came up today for hearing and debate in the upper legislative chamber. It was then refered to…

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Osun: EFCC To Drop Case Against Omisore

By Bayo Bernard Senator Iyiola Omisore, may have used his trump card to wriggle out of his graft case with the Economic and Financial Crimes Commission, EFCC, at least for now. On July 3, 2016 the former deputy governor of Osun state and candidate of the Social Democratic Party, SDP in the September 22 governorship election in the Sunshine State, as the state is popular, was arrested and later detained by the anti-graft agency over alleged N1.3b National Security Adviser, NSA cash receipt. He was later released on bail following…

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Fayose: The Contraband Governor

Ayodele Fayose

  By Oji Odu Will outgoing governor of Ekiti State, Ayodele Fayose’s alleged plans to flee the country be a repeat of the former Minister of Transport “Umaru Dikko Saga”, when the Honourable Minister was deported from London where he fled to via a crate meant for goods? Is Fayose really trying to escape the country? If so, is it possible he will do such in a goods container or crate meant for exporting Nigerian goods? These are some of the daunting posers following recent letter by the Economic and…

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Ex DSS Boss, Ita Ekpeyong Arrested By EFCC

The Economic and Financial Crimes Commission has arrested a former Director-General of the Department of State Services, Ita Ekpeyong. Our correspondent who witnessed the arrest at 46, Maman Nasir Street, Asokoro, Abuja, on Thursday afternoon reported that the EFCC men came in three buses and some patrol vehicles accompanied by over 20 armed policemen. The operatives then searched the mansion for over two hours before leaving at 3.20pm. It was observed that no cash was recovered. The raid occurred barely 10 months after the DSS under the leadership of the…

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EFCC Invades Ekpeyong’s Residence

By Chidiebere Onyemaizu The Maman Nasir street, Asokoro, Abuja residence of the immediate past Director-General of the Department of State Security, DSS,Ita Ekpeyong is at present besieged by operatives of the Economic and Financial Crimes, EFCC.EFCC sources told The Source that Ekpeyong’s residence is being searched by operatives of the Commission.At the time of going to the press,The Source could not comfirm  if the ex-DSS DG has been taken into the Commission’s custody.Daura Lawal,Ekpeyong’s successor who was sacked on Tuesday by Acting President Yemi Osinbajo last November prevented EFCC from…

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Why APC Offered Ekweremadu, Akpabio Senate Presidency, Vice Presidential Slot

By Chidiebere Onyemaizu The source has been informed of how the All Progressives Congress, APC and a cabal around President Muhammadu Buhari dangled irresistible offers before the Deputy Senate President, Ike Ekweremadu and the Senate Minority Leader, Senator Godswill Akpbabio to ditch the Peoples Democratic Party, PDP. However, while Ekweremadu out rightly rejected the offers, Akpabio, with eyes on a higher political realm, asked for time to think. Rattled by the defections of 14 of its Senators and 34 House of Reps members to the PDP, the APC national leadership…

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EFCC Arrests Patience Jonathan’s Sister At Airport

The Economic and Financial Crimes Commission has arrested the younger sister to Mrs. Patience Jonathan, the wife of the immediate past President, Goodluck Jonathan, over suspicious payments of N3bn made into her many accounts The accounts, with a combined balance of N3bn, are in Skye Bank, Stanbic IBTC, Diamond Bank  and Ecobank. It was learnt that the suspect, Esther Oba, was arrested at the Nnamdi Azikiwe International Airport, Abuja, on Monday shortly after returning from Dubai with her husband and three children. Mrs. Oba first came under the EFCC radar…

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