Senate confirms Bawa as new EFCC chairman

The Senate has confirmed Abdulrasheed Bawa as the substantive Chairman of the Economic and Financial Crimes Commission (EFCC). Kokomansion understand a that he was confirmed after being grilled during Senate plenary on Wednesday. During the plenary, he reacted to a plethora of questions posed by Senators on his readiness for the job, given his age […]

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Senate fumes as petroleum ministry spends N98.4m on printing of flyers

The Senate Public Account Committee has described as unacceptable the payment of N98.4m by the Petroleum Resources Ministry for the printing of flyers. The flyers, according to the 2015 Auditor-General for the Federation’s report, was meant to create awareness campaign for the Petroleum Industrial Bill. The report, currently being scrutinised by the National Assembly, also […]

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Former MD of Finbank gets three years jail term over N11 billion fraud

Lateefa Okunnu, presiding judge of the Lagos state high court sitting in Ikeja, on Tuesday, convicted and sentenced Okey Nwosu, a former managing director, Finbank Plc, to three years imprisonment over N10 billion fraud. The Economic and Financial Crimes Commission (EFCC) had arraigned Nwosu alongside Dayo Famuroti, Agnes Ebubedike and Danjuma Ocholi on a 26-count […]

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Nigeria linked to €500,000 COVID-19 fraud – Interpol

The International Criminal Police Organisation, popularly known as Interpol, has traced a €500,000 COVID-19 fraud to Nigeria. The organisation made this known in a statement on its website titled, ‘Unmasked: International COVID-19 fraud exposed’. The alleged scheme was coordinated using compromised emails, advance-payment fraud, and money laundering. It stated that the fraud was uncovered by […]

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