Money Laundering: EFCC Seeks Collaboration with Nigerians in Diaspora
The Executive Chairman of the Economic and Financial Crimes Commission, EFCC, Abdurrasheed Bawa on Thursday, March 25, 2021 called on Nigerians in Diaspora to support the Commission in the fight against Money laundering and other financial crimes.
The EFCC boss made the call while speaking virtually at an Expert Training and Advocacy on Tracking and Recovery of Illicit Funds and Assets organized by the Human & Environmental Development Agenda, HEDA, in collaboration with the EFCC, MacArthur Foundation, Kent Law School,...
...Open Society Initiative for West Africa, OSIWA, the Corner House and other stakeholders.
The EFCC boss who was represented by Dr. Enakeno Oju, a staff of the Commission, urged Nigerians in Diaspora to continue to support the fight against economic and financial crimes.
“As critical stakeholders, we are urging the Nigerians in Diaspora to continue to support the fight against economic and financial crimes and to be assured of the EFCC’s support and commitment. We must collectively strive to achieve the Nigerian dream.”
Highlighting the importance of the collaboration, the EFCC boss told participants that the Commission has provided a Diaspora Information Desk at the Commission...
...“to attend to issues of concerns from the Diaspora and to further ensure that Nigerians in Diaspora are able to safely invest in Nigeria and to improve the image of Nigeria among the comity of nations.”
The Executive Chairman also called on the Nigerians in Diaspora to assist the Commission with vital information about Nigerian looters.
“I am therefore calling on you to assist the EFCC in getting vital information about Nigerian looters who stash our stolen monies and properties in the United Kingdom and other foreign countries. Nigerians in Diaspora cannot afford to sit on the fence.
They are closer to the scene of Crime, therefore, must play an active role in the war against graft and provide vital information to the EFCC that will assist in the recovery of our stolen wealth abroad,” he said.
Bawa also bemoaned the challenges Nigeria is facing as a result of illegal movement of funds from Nigeria to other countries and the new techniques deployed by organized criminal groups in siphoning the wealth of this country to other countries...
...which according to him “constitute a severe and damaging drain on the Nigerian economy”.
“Organized criminal groups have developed intricate channels of illicit flows that deprived African economies of crucial resources for development,” he said.
Other participants at the event include CDS Ahmed M. Ghali of the EFCC, who spoke on, "How to Spot and Detect Money Laundering".
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The Executive Chairman of the Economic and Financial Crimes Commission, EFCC, Abdulrasheed Bawa has reiterated his commitment to rid Nigeria of corruption, saying rule of law and fear of God shall be his guiding principles.
He identified corruption as an encumbrance hampering the sustainable growth of the country, stressing the need for all hands to be on deck to deal with the menace.
Bawa disclosed this on Friday, March 26, 2021 while featuring on a Nigerian Television Authority, NTA, special interview programme, "One-on-One" anchored by ace broadcaster, Cyril Stober. "We need to change our attitudes in Nigeria.
The Uyo Zonal Office of the Economic and Financial Crimes Commission, EFCC on Friday, March 26, 2021, secured the conviction and sentencing of one Austin Christopher Essiet, a Point of Sale, POS, fraudster...
...before Justice Agatha Okeke of the Federal High Court sitting in Uyo, Akwa Ibom State.
Essiet met his waterloo on October 19, 2020, when he was arrested by operatives of the Commission along Ifa Road, Uyo.
His arrest followed information by a concerned POS operator whose account was frozen by his bank after Essiet made withdrawal from different accounts, up to the tune of N150,000.00 (One hundred and fifty thousand naira), from his POS booth on Oron Road.
Court Jails Man 15 Years For N16m Oil Fraud In Lagos
The Economic and Financial Crimes Commission, Lagos Zonal Office, has secured the conviction and sentencing of a businessman, Charles Ihenetu, to 15 years imprisonment before Justice Mojisola Dada of a Special Offences Court sitting at the Lagos State High Court, Ikeja, Lagos.
The convict was arraigned on May 16, 2018 alongside his company, V-Choice International Company Nigeria Limited, on a three-count amended charge bordering on conspiracy to obtain by false pretence and obtaining money by false pretence.
EFCC Arraigns Osipitan for N6bn PHCN Severance Benefit Fraud
The Economic and Financial Crimes Commission, EFCC has on Friday, March 26, 2021, arraigned Cecilia Osipitan and her Company, PJO Ventures Limited before Justice I. E. Ekwo of the Federal High Court Abuja...
...on a nine count charge bordering on Criminal breach of trust and conversion of funds to the tune of six billion Naira.
The alleged funds were said to be part of the money earmarked for payment of outstanding insurance premiums and claims of deceased and incapacitated staff of Power Holding Company of Nigeria (PHCN).
The Benin Zonal Office of the Economic and Financial Crimes Commission, EFCC, on Thursday March 25, 2021 secured the conviction of ten internet fraudsters before Justice Emeka Nwite of the Federal High Court sitting in Warri, Delta State
Those convicted are Agbi Favour Alaba, Otasowie Kelly Osaremen, Chukuwdi Greater, Simeon Asein, Onosemuode Eyube Abel and Aigbata Joseph. Others are Momodu Abdulmalik, William David, Erhirouture Precious and Obibi Odemaro.
The suspects who were arraigned on separate one count charge of impersonation and obtaining by false pretenses, pleaded guilty to the charge when it was read to them.
EFCC Arrests 24 Suspected Internet Fraudsters in Ogun
Operatives of the Lagos Zonal Office of the Economic and Financial Crimes Commission, EFCC, have arrested 24 suspected in internet fraudsters in Ogun State.