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Bursted: EFCC Arrests 42 Suspected Internet Fraudsters in Awka, Enugu

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  Operatives of the Enugu Command of the Economic and Financial Crimes Commission, EFCC have arrested 42 suspected internet fraudsters in separate operations in Awka and Enugu. Twenty-nine (29) of the suspects were arrested in Awka while thirteen (13) were arrested in Enugu following intelligence on their alleged involvement in internet fraud. The suspects are: Chimezie Anyamutaku, Chinonso Dominic, Onyekachi Nwankwo,Ikenna Austin, Chinonso Anthony Caesar,Felix Okechukwu Chikagu, Dera Okoye, Victor Onyebuchi, Emmanuel Ifeanyi,Emeka Izu John, Raphael Gbughemobi,Okorie Charles,Onyeoji Chukwuemeka,Enem Bontis Obinna Udoka,Chibueze Udechukwu Ofor, Lawrence Oyegu, Soburu Kingsley, and Ikechukwu Umeakunne. Others include Pascal Benjamin,Emeka Valentine,Nzube Kenneth Paul, Kelechi Elvis,Emmanuel Nwugo, Henry Onyebuchi Okoli,Uchechukwu Kachi ,Onyekachi Promise,Innocent Victor Ikenna ,Ekene Emmanuel, Chisom Nwora, Emmanuel Dimgba, Martin Chukwudalu, Nweze Desmond, Franklin Archibong, Austi...

YOU ARE WHAT YOU Think-Gbenga Olawepo-Hashim

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"A man's life is what his thoughts make of it"- stoic Roman Emperor Marcus  The above title is a direct quote from Omar Itani. It is the quality of thoughts of a group of people that will determine the quality of their lives, their politics their welfare, wellbeing, etc. If you have already condemned yourself as nothing, then you will amount to nothing. The Holy Bible says "As a man thinketh in his heart so he is." (Proverb 23:7). We are believers in a better Nigeria and by the Grace of God we shall live to see it. Nigeria has achieved great things in the past, even in the midst of huge challenges. We believe our great nation will yet achieve renewal and restoration. My generation did not believe we could not end military rule. But we eventually fought against it until it was over, just like our grandparents fought and ended colonial rule! This generation must stand to make Nigeria great again. Thankfully you do not need to fight. All you need to do is to think ...

EFCC Arrests Son, Mother, Others for Internet Fraud in Kaduna

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  The Kaduna Zonal Command of the Economic and Financial Crimes Commission, EFCC, has arrested the quartet of Lucky Ebhogie, Richman Kas Godwin, Israel Justin and Precious Iwuji for internet-related fraud. They were arrested on August 5, 2021 in the Sabo area of Kaduna, Kaduna State following intelligence on their alleged involvement in internet-related fraud activities. Preliminary investigation revealed that the suspects are mostly involved in impersonation and romance scam; faking the identities of US military personnel on foreign missions to deceive their victims. One of the suspects, Lucky Ebhogie allegedly recruited his mother into the scam by using her account to launder suspected proceeds of crime. On July, 30, 2021, he purchased a Mercedes Benz GLK car for N7 million through the mother's bank account Another suspect, Precious Iwuji was discovered to have sold her photographs and Facebook account to internet fraudsters, which they used to ensnare their victims. The suspects...

FEC awards N309.9bn road contracts to Dangote

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The Federal Executive Council on Wednesday approved the award of a contract to Dangote Industries for the construction of five roads totaling 274.9 km at the cost of N309.9bn to be advanced to the company as tax credit. Minister of Works and Housing, Babatunde Fashola, disclosed this while briefing State House correspondents after the Federal Executive Council meeting presided over by the President, Major General Muhammadu Buhari (retd.). “The second memorandum presented by the ministry was for the construction or the reconstruction, as the case may be, of five road projects in favour of Dangote Industries Limited, totaling 274.9 kilometres of federal roads, under the Federal Government Roads Infrastructure Tax Credit policy,” he said. “Those five roads totaling 274.9 kilometres will cost N309,917,717,251.35 to be advanced by the Dangote Industries as tax credit. “The roads, specifically, are Bama to Banki in Borno State for N51.016 billion with 49.153 kilometres; Dikwa to Gamboru-Ngal...

Anti Corruption campaign: EFCC Launches App for Online Reporting of Economic Crimes

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  The Economic and Financial Crimes commission, EFCC, on Wednesday, July 14, 2021, launched an App, Eagle Eye, designed to ease the process of reporting economic and financial crimes in Nigeria. Speaking during the launch, the Executive Chairman of the Commission, Abdulrasheed Bawa, described the App, being the first of its kind by any law enforcement agency in Nigeria, as a product of ingenuity by a staff of the Commission, being an application that was conceived, designed and developed by the EFCC. According to the EFCC chairman, the initiative is a clear demonstration of his pledge on assumption of office, to run an agency that is technology-driven. “The Eagle Eye represents a new experience in information sharing and crime reporting between the public and the EFCC”, he said. Apart from complementing the existing channels for reporting economic crimes, the unique advantage of this application, the EFCC Chairman further explained, is that it eliminates direct person-to-person int...

EFCC Press Release Two Bag Two Years for N25.7m Pension Fraud in Maiduguri

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  Justice Umaru Fadawu of the Borno State High Court sitting Maiduguri, on July 12, 2021 convicted the duo of Mohammed Nazir Auwalu and Sani Musa for offences bordering on criminal misappropriation to the tune of N25, 780, 888.38 (Twenty Five Million, Seven Hundred and Eighty Thousand, Eight Hundred and Eighty-Eight Naira, Thirty Eight Kobo), contrary to Section 308 and Punishable under Section 309 of the Penal Code Cap. 102 Laws of Borno State. The defendants who have never held any pensionable appointment, received the sum as pension from the Pension Transitional Arrangement Directorate (PTAD) from September 2010 to April 2018. The lid on the scam was blown by Polaris Bank which reported the fraud to the Commission The convicts were arraigned on July 8, 2021 on a one-count amended charge. The count reads: “That you, Nazir Auwalu, Sani Musa, sometimes between September 2010 and April 2018 at Maiduguri, within the jurisdiction of this Honourable Court, dishonestly converted to...

𝐖𝐇𝐀𝐓 𝐃𝐎 𝐅𝐔𝐋𝐀𝐍𝐈 𝐇𝐄𝐑𝐃𝐄𝐑𝐒 𝐃𝐎 𝐓𝐎 𝐆𝐄𝐓 𝐌𝐄𝐀𝐓 𝐓𝐎 𝐓𝐇𝐄 𝐌𝐀𝐑𝐊𝐄𝐓 𝐀𝐓 𝐓𝐇𝐄 𝐂𝐇𝐄𝐀𝐏𝐄𝐒𝐓 𝐂𝐎𝐒𝐓? – 𝐁𝐲 𝐆𝐁𝐄𝐍𝐆𝐀 𝐎𝐋𝐀𝐖𝐄𝐏𝐎-𝐇𝐀𝐒𝐇𝐈𝐌

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As a Businessman and one with a passion for Economics, I have always believed that price could be a signal of the best economic policy choices. In my secondary school, some of my classmates called me ‘Baba Econs’. For the fun of it, I took the O’ level WAEC examination in Economics as an external student in my Junior class, and I was glad with the result; I had A1. When I attended University of Buckingham in United Kingdom for my Masters’ Degree, I was grateful to God that I obtained Distinctions in International Economics and International Finance to be sure that the Secondary School performance was not a fluke. Sounds boastful and immodest, but it has become necessary in the Nigeria heavily self-opinionated atmosphere to make such introduction on this emotive subject matter. After all, I am just another politician; one of those expected ‘not to know anything’. Back to the real question; what are the things that Nigerian herders do that has kept the beef price in Nigeria one of the lo...