Efcc Re-arraigns Ex FCT Minister’s son for 1.2bn fraud.

Shamsudeen Bala, son of a former Minister of the Federal Capital Territory, Bala Mohammed, was on May 30, 2017 re-arraigned by the Economic and Financial Crimes Commission, EFCC, before Justice Nnamdi Dimgba of the Federal High Court, Abuja.
He was re-arraigned along with four companies – Bird Trust Agro Allied Limited, Intertrans Global Logistic Limited, Diakin Telecommunications Limited and Bal-Vac Mining Nigeria Limited, on an amended 15-count charge, bordering on money laundering.

The amendment, which was effected in counts 10 to 15, according to prosecution counsel, Ben Ikani, “was to accommodate new information” in the alleged charge brought against them.

In one of the amended counts, the prosecution alleged that Bala knowingly failed to declare “the sum of £472.26 standing to your credit domiciled at Standard Chartered Bank Plc, an offence contrary to section 27 (1) of the EFCC Act 2004”.

He was also alleged to have deliberately concealed the sum of $32,512.44 and €17.45 in the same bank but with different account numbers, while declaring his assets, an offence contrary to the EFCC Act, and punishable by same. He also allegedly “without going through a financial institution made cash payment of N200 million only to Faruk Saleh at Abuja as payment for purchase of House 2A, No 7 Gana Street, Maitama, Abuja, which exceeded the statutory limit”, an offence contrary to the Money Laundering (Prohibition) Act 2011 as amended in 2012.

He pleaded “not guilty” to the charges when they were read to him.

His counsel, Chris Uche, SAN thereafter urged the court to allow him continue to enjoy the bail earlier granted to him on February 3, 2017 two days after he was first arraigned.

Uche, further requested for time to study the amended charge dated May 25, 2017, which he said he was “only being served” by the prosecution.

Ikani did not oppose his application for bail.

Justice Dimgba has adjourned to June 26, 2017 for “continuation of hearing.

 

Article credit. Efcc

Whistle blowers arraigned in court

The EFCC on May 16, 2017 arraigned the duo of Buhari Fannami and Ba-Kura Abdullahi on two separate one count charge before Justice M. T Salihu of the Federal High Court Maiduguri, for allegedly giving false information to the agency under the whistle blowing policy.

Fannami had misled the EFCC with the information about illegally acquired monies purportedly buried at the residence of one Ba’a Lawan but the info turned out to be false after the execution of a search warrant, while, Ba-Kura Abdullahi also gave false information to the effect that large sum of money in naira and foreign currencies were buried in the residence of Ba’a Lawan.


The charge against Fannami reads, “That you, Buhari Fannami on or about the 8th day of May, 2017 at Maiduguri, Borno State, within the jurisdiction of this Honourable Court, did make statement to Officers of the Economic and Financial Crimes Commission under the Whistle Blowing policy to the effect that large sums of money being the proceeds of crime were buried in the residence Ba’a Lawan at Pompomari Layout along Pompomari Bypass, Maiduguri which information/statement you knew to be false and thereby committed an offence contrary to and punishable under sections 39 (2) (a) and 39 (2) (b) of the Economic and Financial Crimes Commission (Establishment) Act 2004 respectively”.

The accused pleaded not guilty to the charges. Justice Salihu adjourned the matter to June 7 and 8, 2017for hearing and ordered them  to be remanded in the prison custody.

Ex- EFCC boss loses husband

The former EFCC boss Farida Waziri loses husband to the cold hand of death.waziri

Omo naija reliably gathered that Senator Waziri passed away on Easter Monday, April 17, 2017 after a brief illness.

The Gombe State indigene lost his ticket for re-election into the Senate in 2011 after a keenly contested process in his senatorial district.

EFCC UNCOVER ANOTHER 4billion Naira

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A tip-off by a whistle blower on Tuesday, April 11, 2017 led to another discovery by the Economic and Financial Crimes Commission, EFCC, of a staggering sum of N4billion suspected to be proceeds of crime.

Investigations as to the owner of the funds revealed that the money belongs to a former deputy governorship candidate in Niger State.

The suspect uses the names of two companies– Katah Property & Investment Limited and Sadiq Air Travel Agency- in laundering the funds.

Each of the company has N2billion fixed in its deposit account domiciled in Guaranty Trust Bank.

The suspected owner of the account and the account officer are currently on the run.