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Corruption runs through every level of the Nigerian government. From considerable contract fraud at the top, through petty bribery, money laundering schemes, embezzlement, and seizing salaries from fake workers, it is estimated that corruption within the state apparatus costs the country billions of dollars annually. [8] [9]
Sirika was regarded as one of the most powerful ministers in former President Muhammadu Buhari's government. The EFCC accused him of using his position to give undue advantage to a company linked ...
The Economic and Financial Crimes Commission (EFCC) is a Nigerian law enforcement and anti-graft agency that investigates financial crimes and unknown transactions such as advance fee fraud (419 fraud) and money laundering. [1]
At the request of former Nigerian President Olusegun Obasanjo, the Economic and Financial Crimes Commission was created by the Nigerian Parliament in 2002. [13] In February 2004, Amaka Anajemba, Emmanuel Nwude, Emmanuel Ofolue, Nzeribe Okoli, and Obum Osakwe (Christian Anajemba was deceased at this point), were all arrested and charged in the Abuja High Court with 86 counts of "fraudulently ...
ABUJA, Nigeria (AP) — The former governor of the Central Bank of Nigeria, who was removed from office in June, was on Friday charged with procurement fraud at a local court, which remanded him ...
The post Former Nigerian central bank chief arraigned and remanded in prison for alleged fraud appeared first on TheGrio. xxxx ABUJA, Nigeria (AP) — The former governor of the Central Bank of ...
However, the Nigerian government is also investigating claims that Innoson Motors is guilty of fraud. [1] Innoson Motors began its case against GT Bank in 2011. Recently, the Nigerian Supreme Court ruled in favor of Innoson Motors claim against GT Bank, and the company says that it is due to take over GT Bank in lieu of receiving its money. [2]
Sambo Dasuki, the National Security Adviser who allegedly masterminded the $2 billion arms deal. The $2 billion arms deal, or Dasukigate, [1] is an arms procurement deal in Nigeria that resulted in the embezzlement of $2 billion through the office of the National Security Adviser under the leadership of Colonel Sambo Dasuki, the former National Security Adviser. [2]