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Tag Archives: EFCC

Nigeria Establishes New Agency to Manage Recovered Assets

The Federal Executive Council, FEC, on Wednesday approved the establishment of a new agency named “The Proceeds of Crime Recovery and Management Agency.” The Economic and Financial Crimes Commission, EFCC, which is the flagship anti-corruption agency in the country, manages and sell assets recovery. Minister of Justice and Attorney General …

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Vanguard, Punch, Daily Trust Others in Mess As Magu Denies 15 Reports

The suspended acting National Chairman of EFCC, Ibrahim Magu has questioned the credibility of some Nigerian newspapers, debunking 15 reports accusing him of wrongdoings. Magu in a letter written to Justice Ayo Salami, Chairman of the Presidential panel probing the EFCC and sighted by Newsdiaryonline, outrightly denied various news reports …

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Andrew Yakubu Insists, $9.7m, £74,000 were Gifts from Friends

ANDREW Yakubu, a former Group Managing Director (GMD) of the National Petroleum Corporation (NNPC) on Wednesday told a Federal High Court that $9.7 million and £74, 000 found in his house in Kaduna were gifts he received from friends during occasions such as birthdays and thanksgiving services and others. Accorditing …

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BREAKING: EFCC Gets New Boss

The FCT Commissioner of Police, Bala Ciroma has been appointed to replace the suspended Ibrahim Magu as the new Acting Chairman of the Economic and Financial Crimes Commission (EFCC) Details later.

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Confusion as Panel Grills EFCC Boss, Magu in Aso Rock

Nigeria’s media space was thrown into confusion on Monday afternoon with conflicting reports on the whereabouts of the acting Chairman of Economic and Financial Crimes (EFCC) Ibrahim Magu, who was first reported by sections of the media to have been arrested by the Department of State Services (DSS) over allegations …

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