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The Economic and Financial Crimes Commission (EFCC) has recovered N329.150billion from 10 marketers from 2016 to date.The marketers defaulted in payment for products supplied to them by the Nigerian National Petroleum Corporation (NNPC) through its subsidiary, the Petroleum Products and Marketing Company (PPMC).About N20, 604, 109, 123.90 is yet to […]

A Federal High Court in Lagos, Lagos State, today approved the interim forfeiture of N664,475,246.60 and $137,680.11 found in accounts belonging to Clement Illoh Onubuogo, a serving Permanent Secretary, Federal Ministry of Labor and Employment, and 15 other persons. The funds are suspected to be proceeds of unlawful activity.  The court’s interim order also ordered that two properties in […]

Mr Ibrahim Magu, acting chairman of EFCCAkin Kuponiyi.A Federal High Court, Lagos, has ordered that 13 landed properties and others belonging to a suspected fraudster, Haruna Isah, should be temporarily forfeited to the Federal government of Nigeria.The court made the order while granting a motion ex-parte brought before the court […]

Bribe money intercepted by the EFCCThe National Bureau of Statistics (NBS) has said roughly N400 billion is spent on bribes each year in Nigeria, taking into account that nine of every 10 bribes are paid in cash.The NBS stated this in “Corruption in Nigeria, Bribery: Public Experience and Response 2017 […]

A Lagos Federal High Court will on August 29 deliver judgment in a N300million suit filed by suspected kidnap kingpin, Chukwudumeme Onwuamadike a.k.a.Evans, against the police. Evans in praying the court to declare his detention illegal.Justice Abdulazeez Anka fixed the date yesterday after taking arguments from Evans’ counsel Olukoya Ogungbeje and lawyers for the […]

The protesters marching against the absence of President Muhammadu Buhari in Abuja. Falana warned the police to stop harassing themLagos lawyer and pro-democracy activist, Mr Femi Falana has urged the police to stop harassing Charly Boy and others protesting against the continued absence of President Muhammadu Buhari in the country.Popular […]

Mr. Taiwo Oyedele, a tax expert, says only tax incentives to industries without addressing other challenges will not bring about the desired economic growth in Nigeria.Oyedele, Head, Tax and Regulatory Services at PricewaterhouseCoopers (PwC), made the assertion in an interview with the News Agency of Nigeria in Lagos, yesterday.He said that […]