EFCC detains ex-Finance Minister, Yuguda

The Economic and Financial Crimes Commission (EFCC) has detained a former Minister of Finance, Amb. Bashir Yuguda, over his alleged involvement in the $115m (N23bn) bribe which was distributed by a former Minister of Petroleum Resources, Diezani Alison-Madueke.

The EFCC said in a statement that the ex-minister who is a chieftain of the Peoples Democratic Party, allegedly diverted N450m out of the money.

The money, which was distributed through Fidelity Bank Plc, was said to have been used in bribing officials of the Independent National Electoral Commission during the 2015 presidential election.

How EFCC reportedly traces $88m from Alison-Madueke to Sterling Bank MD, Yemi Adeola

The Economic and Financial Crimes Commission (EFCC) has reportedly traced more than $88 million to a hidden account managed by the Managing Director and Chief Executive Officer (CEO) of Sterling Bank of Nigeria, Yemi Adeola.

The said money was transferred to Mr. Adeola from Fidelity Bank of Nigeria, whose managing director, Nnamdi Okonkwo, was last week detained by the EFCC.

Mr. Okonkwo has been granted bail.

SaharaReporters reports that the $88 million found at Sterling Bank was separate from the $115m given to Fidelity Bank by the ex-oil minister, Diezani Alison-Madueke.

How EFCC arrests oil baron Laitan Adesanya over N23bn bribery scam

In a continuation of the probe into how the Peoples Democratic Party allegedly bribed some officials of the Independent National Electoral Commission before the 2015 presidential election, the Economic and Financial Crimes Commission has arrested an oil tycoon, Mr. Laitan Adesanya, for his alleged role in the $115m (N23bn) bribe funds.

It was learnt on Sunday that Adesanya, who is the Chief Executive Officer of Lenoil Nigeria Limited, was arrested by the EFCC in Lagos on Friday.

The anti-graft agency had, last week, arrested the Managing Director of Fidelity Bank Plc, Mr. Nnamdi Okonkwo and the bank’s Head of Operations, Mr. Martin Izuogbe.

WONDERS IN ABUJA!!! NNPC Rents Protesters To Stave Off Probe Of Profligate Alison-Madueke's N10bn Jet Charter Scam

Sahara Reporters has made public that the Nigerian National Petroleum Corporation (NNPC), and its embattled Minister of Petroleum, Diezani Alison-Madueke, yesterday in Abuja rented a crowd of mostly women to stage a protest in a desperate bid to steer up public sympathy to their aide as National Assembly has stated investigations into the financial controversy surrounding the N10 billion the Minister spent on chartered jets.