N4.9bn money laundering: Court Remands Nenadi Usman, Fani - Kayode in Prison

The EFCC on Tuesday, June 28, 2016 arraigned Nenadi Esther Usman, a former Minister of Finance and Director of Finance PDP Presidential Campaign Organization in the last general election; Femi Fani-Kayode also a former Minister and Director Media/Publicity of the PDP Presidential Campaign Organization; Danjuma Yusuf and Jointrust Dimensions Nigeria Limited before Justice M. S. Hassan of the Federal High Court Lagos, on a 17-count charge bordering on conspiracy, stealing, corruption and making cash payments exceeding the amount authorized by law.

The accused were alleged to have stolen and illegally disbursed about N4.9 billion Naira belonging to the Federal Government of Nigeria for political and personal uses. The defendants pleaded not guilty to all the charges preferred against them. The Judge, however, ordered that the defendants be remanded in prison custody and adjourned to Friday, July 1, 2016 for hearing of bail applications.

We Don’t Chase Innocent People, Anyone Invited By EFCC Cannot Come Out Clean, Says Magu

The Chairman of the Economic and Financial Crimes Commission (EFCC), Ibrahim Magu, on Thursday said there is no one who would “come out clean” after honouring the invitation of the anti-graft agency.

Speaking on Question Time, a programme on Channels Television, Magu said the commission carries out thorough findings before inviting suspects.

He denied the allegation that the EFCC had turned into a tool for political witch-hunt, saying the commission is only after “thieves.”

LONDON ANTI-CORRUPTION SUMMIT: PRESIDENT BUHARI TO SEEK GREATER INTERNATIONAL COOPERATION AGAINST CORRUPT PUBLIC OFFICIALS

Muhammadu Buhari

Nigerian President, Mr. Muhammadu Buhari will on Tuesday, May 10, 2016 travel to London to participate in the international Anti-Corruption Summit which will be held in the British capital on Thursday, May 12, 2016.

As an internationally recognised leader in the global fight against corruption, President Buhari will play a prominent part in the summit which will be hosted by Prime Minister David Cameron of Great Britain with many other Heads of State and Government in attendance.

President Buhari will, ahead of the summit's opening, deliver a keynote address titled: "Why We Must Tackle Corruption Together" at a pre-summit conference of development partners, the Commonwealth Enterprise and Investment Council, Transparency International and other civil society groups on Wednesday, May 11, 2016.

Stealing In Their Blood: Court Remands Jonathan's Cousin In EFCC Custody

Chief magistrate B.O Osunsanmi of a Lagos Magistrate Court sitting in Ikeja on Friday ordered that Robert Azibaola, a cousin of former President Goodluck Jonathan be remanded in the Economic and Financial Crimes Commission (EFCC) custody.

The EFCC on Friday brought an application before the court, seeking the defendant’s detention over alleged diversion of $40 million meant for securing of oil pipelines.

Azibaola will remain in custody pending the completion of EFCC investigations into how the funds allegedly paid to him through One-Plus Holdings, a sister company of Kakatar Construction Limited, was used.

ICPC To Probe EFCC Over Alleged Diversion Of N1trn

There were many questions raised against the EFFC on the Non-remittance of cash allegation by the House of Representatives yesterday following a motion moved by Minority Leader Leo Ogor.

Ogor is seeking an investigation into the whereabouts of the recovered loot in line with the war against corruption.  Where is the N1trillion forfeited cash with the Economic and Financial Crimes Commission (EFCC)? Has the cash been remitted into government coffers? Was it diverted?


A businessman, George Uboh, had petitioned the Federal Ministry of Justice on the matter, accusing EFCC Chairman Ibrahim Lamorde of diverting the cash.

The ministry has directed EFCC to probe its chairman based on Uboh’s petition.

At plenary yesterday, the House directed its Committee on Financial Crimes to investigate the alleged non-remittance of the funds by EFCC.

Jonathan's Petroleum Minister, Diezani Alison-Madueke, Arrested In London, granted Bail

National Crime Agency (NAC) of the United Kingdom has confirmed the arrest of four persons, including Nigeria’s former Minister of Petroleum Resources Allison-Madueke, for international bribery and corruption.


Ex petroleum minister have been granted Bail in UK and her passport seized as she was ask to report at Charing cross police on Monday.


A statement on NCA’s website revealed that the arrests were made by its newly formed International Corruption Unit.