A Nigerian court has ordered the temporary forfeiture a $37.5 million property belonging to the country’s ex-oil minister, with prosecutors alleging it was bought with ill-gotten funds. Judge Chuka Obiozor, sitting at the Federal High Court in Lagos, on Wednesday ordered the forfeiture of Diezani Alison-Madueke’s apartment complex on the city’s ultra-chic Banana Island. Banana … Read more
The Economic and Financial Crimes Commission (EFCC) has announced that it was not prosecuting the President of the Senate Bukola Saraki in the recently concluded false declaration of assets case that ended with the acquittal of Senate President. In a series of tweets on its twitter handle (@officialEFCC), the anti-corruption agency clarified to the public … Read more
Two Nigerian officials have been jailed for selling food aid meant for people fleeing militant attacks and food shortages in the country’s north-east. The two sold 180 bags of rice donated by an international aid agency, the court in Maiduguri, Borno State, heard. They were jailed for two years and fined 1m naira ($3,200; £2,500) … Read more
Why piles of cash keep turning up in Nigeria Banks in Nigeria are definitely no longer the best hiding place for unexplained funds. Nigerians have been shocked and bemused after huge piles of cash have been unearthed in various parts of the country in recent months. Journalist and writer Adaobi Tricia Nwaubani looks at what … Read more
Nigerians have been shocked and bemused after huge piles of cash have been unearthed in various parts of the country in recent months. Journalist and writer Adaobi Tricia Nwaubani looks at what is going on. In February, $9.2m and £750,000 were discovered by Nigeria’s anti-corruption agency, the EFCC, in a property belonging to Andrew Yakubu, … Read more
Nigeria’s foreign spy chief Ayo Oke has been suspended after anti-corruption officers found more than $43m (£34m) in a flat in the main city, Lagos, the president’s office has said. Muhammadu Buhari has ordered an investigation into how the spy agency headed by Mr Oke came into possession of the money, his office added. Mr … Read more
Nigerian President Muhammadu Buhari on Wednesday suspended two key aides over an alleged contract scam and for keeping an unauthorised stash of cash in a private home, his office said. Buhari “has ordered an investigation into the allegations of violations of law and due process made against the Secretary to the Government of the Federation … Read more
Nigeria’s anti-graft agency seized over $43 million in cash during a raid on a Lagos apartment in what it hailed as a victory for President Muhammadu Buhari’s war on corruption following a string of setbacks. The Economic and Financial Crimes Commission (EFCC) said in a statement issued late Wednesday it discovered the “humongous” amount of … Read more
Nigeria’s security authorities have uncovered more than $40m (£32m) in cash in local and foreign currencies following a raid on a property in Lagos. The Economic and Financial Crimes Commission (EFCC) said it got the “neatly arranged US dollars, pound sterling and some naira notes in sealed wrappers” in two rooms of a four-bedroom apartment. It says … Read more
Nigeria’s security authorities have uncovered more than $40m (£32m) in cash in local and foreign currencies following a raid on a property in Lagos. The Economic and Financial Crimes Commission (EFCC) said it got the “neatly arranged US dollars, pound sterling and some naira notes in sealed wrappers” in two rooms of a four-bedroom apartment. It says … Read more
The Economic and Financial Crimes Commission, EFCC, Lagos zone, Friday uncovered yet another large sum of suspected laundered money to the tune of N448,850,000 (Four hundred and forty-eight million, eight hundred and fifty thousand naira) only in two of the shops at a Plaza, in Victoria Island, Lagos. According to the EFCC, the money stashed … Read more
Former President Olusegun Obasanjo has accused some church leaders in the country of not only encouraging corruption but also celebrating people with questionable sources of wealth. He said this in Abeokuta, Ogun State, on Saturday at the 2017 Convention Lecture of Victory Life Bible Church International, while speaking on the theme, ‘The role of the … Read more
A judge in Lagos on Thursday ordered Nigeria’s anti-graft agency to release one of several bank accounts frozen as part of an inquiry into the wife of former president Goodluck Jonathan. Patience Jonathan had filed a complaint against the Economic and Financial Crimes Commission (EFCC) in September, claiming that she is the rightful owner of … Read more
Ms Alison-Madueke was described as being at large A former Nigerian oil minister and three election officials have been charged with money-laundering. The ex-minister, Diezani Alison-Madueke, has been accused of bribing the officials before the 2015 elections. She was not present to enter a plea, and was described on the charge sheet as being at … Read more
The EFCC is looking into whether the seized cash is linked to any crime Large sacks containing bundles of “crispy” banknotes worth a total of $155,000 (£130,000) have been seized at a Nigerian airport, officials say. The cash, in the local naira currency, was found near Kaduna airport’s check-in and was still in sealed packs. … Read more
Large sacks containing bundles of “crispy” banknotes worth a total of $155,000 (£130,000) have been seized at a Nigerian airport, officials say. The cash, in the local naira currency, was found near Kaduna airport’s check-in and was still in sealed packs. An investigation is under way to trace the source of the cash, a spokesman … Read more
Nigeria’s Senate on Wednesday rejected the appointment of President Muhammadu Buhari’s nominee to head the country’s anti-graft agency, in a blow to the government’s war on corruption. Buhari rode to power in 2015 on an anti-corruption platform and appointed Ibrahim Magu as acting chairman of the Economic and Financial Crimes Commission (EFCC). But the Senate … Read more
A former Nigerian state governor was jailed for five years on Monday after being found guilty of corruption related to procurement of cars while in office, a judge said. James Bala Ngilari – who was governor of northeastern Adamawa state for seven months until May 2015 – was convicted of awarding a contract for the … Read more
A Nigerian former state governor was on Monday found guilty and sentenced to five years in jail for corruption, marking one of the first high-profile convictions in President Muhammadu Buhari’s anti-graft war. James Bala Ngilari was convicted of breaching due process in the award of a 167.8-million naira ($527,000, 497,000 euros) contract for the procurement … Read more
Nigeria’s anti-graft agency on Thursday filed corruption charges against oil majors Shell and Eni over a $1.3 billion offshore block deal. The Economic and Financial Crimes Commission (EFCC) accused 11 defendants of “official corruption”, according to court documents. Shell, Eni and Agip, Eni’s Nigerian subsidiary, are alleged to have corruptly given the “aggregate sum of … Read more