Akingbola rearrested by EFCC
Erastus Akingbola,the former Intercontinental bank chief has been rearrested by the Economic and Financial Crimes Commission (EFCC).A press statement by the commission confirmed the latest news. Akingbola slept in EFCC custody and he would be arraigned Tuesday before Justice Adeniyi Onigbanjo. Justice Archibong, that handled Akingbola’s alleged monumental fraud case has been sacked. EFCC disclosed [...]
How Peter Odili and Friends looted Rivers State-Saharareporters investigation
SaharaReporters has obtained detailed draft charges that never made it to the courts regarding the brazen looting of Rivers State treasury by the state’s former governor, Peter Odili. The documents show how Mr. Odili used a combination of government officials and personal companies disguised as fronts to fleece Rivers State to the tune of N100 [...]
Court freezes Ogunbambo,Fargo Petroleum boss bank accounts,Parkview home
ANigerian court has ordered the freezing of bank accounts belonging to Mr Oluwaseun Ogunbambo of Fargo Petroleum and his mansion inside Parkview estate,Ikoyi. Ahmadu Ali’s son who is also standing trial for subsidy payment crime also has a share of the ordeal. The Economic and Financial Crimes Commission (EFCC) obtained the order from the court [...]
Nigeria’s most corrupt banker and politician
Why do people steal public funds so much that they want to build homes in space is still a shock to us at Gistmaster. Nigerian leaders keep stealing almost all the public funds in their care for private use. It is quite absord that most of them use the money to build houses,drive expensive cars [...]
EXCLUSIVE: Ex-speaker Patricia Etteh goes to School
Five years after her tumultuous four-month stint as the head of Nigeria’s parliament, during which time she was tagged an ‘illiterate hair dresser,’ Nigeria’s first female Speaker of the House of Representatives, Patricia Etteh, has returned to school. Mrs. Etteh is currently enrolled at the University of Buckingham, U.K., and expects to emerge with a [...]
EFCC Arrests ‘Billionaire’ Permanent Secretary in Sokoto
The Economic and Financial Crimes Commission (EFCC) on Tuesday arrested Mohammed Bello Abukakar a Permanent Secretary at the Ministry of Education in Sokoto State. Mr. Abaubakar is currently undergoing interrogation regarding allegations of criminal enrichment and abuse of office at the agency. Mr. Abubakar was picked up on Tuesday January 22 2013 by operatives of [...]
Governor Lamido’s son released on bail-Saharareporters
Aminu Sule, the eldest son of Governor Sule Lamido of Jigawa state who was arrested yesterday for money laundering has been released on bail today after the Economic and Financial Crimes Commission (EFCC) filed charges at a Federal High court in Kano. EFCC officials in Kano said the governor’s son was released on administrative bail [...]
Sanusi Lamido face corrupt CBN officials over foreign exchange-Activist
By Kayode Ogundamisi I think Mallam Sanusi Lamido Sanusi should simply step down and join politics or alternatively take up the exalted position of Emir of Kano in waiting. Don’t get me wrong I am must concede that the Central Bank Governor is one intelligent gentleman and he’s made extremely controversial but in my opinion [...]
Forte Financial battles Atedo Peterside,Bolaji Balogun,Stambic IBTC Bank others over alleged fraud
Nigeria’s telecom giants Starcomms Plc. face a N6 trillion class action suit over shares it sold to investors in a 2008 Private Placement, which Forte Financial now alleges was a public offer Starscomm made without the requisite statutory approvals. Forte; suing for itself and on behalf of its clients who were the beneficiaries of the [...]
SSS stops Farouk Lawan from traveling abroad at Lagos Airport
The embattled former chairman of the house of representatives ad hoc commitee on fuel subsidy probe, Hon.Farouk Lawan was on Tuesday night turned back at the Nigerian airport on his way to Saudi Arabia to attend the lesser hajj. Farouk is in the middle of a controversial bribery allegation that got local and international [...]