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Probe On Mimiko`s Government; EFCC Storms Ondo, Arrests OSOPADEC Boss, Three Others Over N540m Fraud, Releases Former OSOPADEC Chairman’s Seized Property

Officials of the Economic and Financial Crimes Commission (EFCC) on Wednesday invaded the Secretariat of the Ondo State Oil producing Area and Development Commission (OSOPADEC) Oba-Ile Akure north local government and arrested four of its senior staff. ‎The arrested staff included its chairman, Pastor Johnson Ogunyemi, Secretary, Dr. Dele Durojaye, Sola

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Man Charged To Court For Defrauding End Time Church Millions Of Naira

A 42-year-old man, Femi Dasaolu, was on Wednesday arraigned at an Abeokuta Magistrates’ Court in Ogun State for allegedly defrauding End Time Christ Ministry, Abeokuta, N3.2m. Dasaolu, whose address is unknown, is facing a two-count charge of obtaining money under false pretext and fraud. The prosecutor, Inspector Sunday Eigbejiale, told the court

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CBN Bars Banks From All Transactions In Bitcoin And Other Virtual Currencies

A circular signed by Central Bank of Nigeria, CBN, director, financial policy and ‎regulation department, Kelvin Amugo, stated that the move was necessitated by money laundering and terrorism financing risks inherent in operations of virtual currencies. “The emergence of Virtual Currencies (VCs) has attracted investments in payments infrastructure that provides

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Over N600m traced to former Enugu state Chief Judge’s account

. Some shocking revelations have been uncovered by the EFCC  about former Enugu State Chief Judge Innocent Azubuike Umezulike. Detectives found N632.2 million in his bank account, reinforcing the reason for his involuntary retirement. The agency also found that the lodgements came from lawyers, businessmen, politicians and litigants. Justice Umezulike was alleged to have

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I never collected $1.3billion as kickback for oil deal – Former President Jonathan clears the air

. Ex-President, Dr. Goodluck Jonathan, yesterday, denied media reports that he received bribes in the $1.3billion Oil Prospecting Licence, OPL 245 oil block deal involving Italian oil company, ENI and Royal Dutch Shell of the Netherlands. It was also alleged that Dr. Jonathan and former Petroleum Minister, Diezani Alison-Madueke, benefited from the

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Ex-president Jonathan and his petroleum minister, Diezani shared $466m oil kickback – Report

. According to a report by the AFP, Court documents filed late last month in the city of Milan outline a case against 11 people, including senior executives from the two oil majors and the companies themselves. Nigeria’s former president Goodluck Jonathan and his oil minister, Diezani Alison-Madueke received kickbacks as part

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Lai Muhammed, others in Information Ministry to spend N661m on traveling and refreshment

. The Minister of Information and Culture, Lai Mohammed has proposed to spend N661,006,782 million on traveling and transportation, refreshment and miscellaneous in the 2017 fiscal year. The amount is part of the N49,464,302,080billion allocated to the Ministry of Information and Culture from the N7.3 trillion appropriation bill for 2017currently before the

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Yakubu Dogara lied, Ibori supported his speakership with $600,000 – Abdulmumin Jibrin reveals

Abdulmumin Jibrin, sacked Chairman House of Representatives Committee on Appropriation has claimed that his fight against corruption in the Green Chamber has the backing of two international organisations. He did not name the two organisations, but challenged House of Representatives Speaker Yakubu Dogara to publicly acknowledge the funding of his emergence

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No one is above the law in Israel, as Israeli police question PM Netanyahu in corruption probe

A defiant Mr Netanyahu mocked his accusers ahead of the questioning Israeli police have questioned Prime Minister Benjamin Netanyahu as part of an inquiry into corruption allegations. He was asked about "receiving benefits from business people", justice ministry officials said without giving details. Ahead of the investigators' arrival at his residence on

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The Half Truth About Gov. Obaseki’s Non-Interference in Nov. 2016 Revenue Allocation to Edo State Local Government Councils – Nosa Omorodion

The report about the revenue allocation from the state and local governments joint account, given to the 18 LGCs in Edo State, as written and circulated to the media, by the Chief Press Secretary to the State Governor, John Mayaki, has a tone of exultation while underlying the idea that

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Allocation: 18 Local Government Areas in Edo share N1.8 billion for November, absolve State of interference

The eighteen local government councils in Edo State have received the sum of N1,777,639,808.24 from the federal allocation for the month of November, 2016 and absolved the State Government of any interference with revenue accruing to local government areas. Briefing newsmen after the joint allocation committee meeting of local governments in

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