EFCC alleges plot to frame Magu

The Economic and Financial Crimes Commission ( EFCC ) has raised the alarm over an alleged plot to frame its Acting Chairman, Mr Ibrahim Magu, with ownership of assets abroad. Spokesman for the commission, Mr Wilson Uwujaren, said in a…

Ailing ex-VP Ekwueme stable, says family

Ailing Second Republic Vice-President Alex Ekwueme is stable, his family said last night. A statement by the family signed by the Igwe of Oko, Prof. Laz Ekwueme, said Dr Ekwueme “was on Sunday 29th October 2017 admitted into hospital for a…

Fed Govt to recover another $321m looted fund

The Federal Government will aggressively pursue the recovery of additional $321m looted fund domiciled in Switzerland. This follows the approval of the move yesterday by the Federal Executive Council (FEC), Minister of Justice and Attorney…

Ikoyi cash: EFCC summons sacked NIA DG, wife

The Economic and Financial Crimes Commission (EFCC) has summoned former Director General of the National Intelligence Agency ( NIA), Ambassador Ayodele Oke and his wife, Folashade, to appear before a team of investigators probing the…

Anxiety grips banks over Nov. 3 deadline for BVN

Banks were gripped yesterday by the fear of a major liquidity crisis should the government pull out funds belonging to customers without Bank Verification Number (BVN).  The deadline given by the court for such customers to lose their cash…