Economic and Financial Crime Commission

The Economic and Financial Crimes Commission (EFCC) is investigating the failed Nigeria Air project inaugurated by former president Muhammadu Buhari.

The minister of Aviation and Aerospace Development, disclosed this in an interview on Wednesday.

Recall that the Nigeria Air deal was sealed by Hadi Sirika, the immediate past minister of aviation, on behalf of the Nigerian government.

However, Keyamo expressed reservations about the Nigeria Air deal.

“First of all, I have said it before and I will still say it. It was not a deal that was good for Nigeria in the long run,” the minister said.

“The whole composition and totality of that deal was merely Ethiopian Air flying the Nigerian flag. It was not a national carrier. Two things. A flag carrier is different from a national carrier.

“So while we were being told that a national carrier was coming, it was not a national carrier, it was a foreign airline trying to fly the Nigerian flag.

“The EFCC is investigating that deal. There is a criminal investigation going on. I have called for the report.”

“Keyamo insisted that no local airline would be designated as a national airline, noting that “we will establish a proper national carrier,” he added.

Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, has revealed that the agency has uncovered a religious sect in Nigeria allegedly laundering money for terrorists.

This was even as he revealed that another religious body was found to be protecting a money launderer after some funds suspected to have been laundered was traced to the organisation’s bank account.

The EFCC boss made the revelation on Wednesday at the Musa Yar’Adua Centre, Abuja, during a one-day dialogue on “Youth, Religion, and the Fight against Corruption.”

He noted that religious organisations, institutions, sects, and bodies, have been found culpable of money laundering.

Olukoyede said, “A religious sect in this country had been found to be laundering money for terrorists.”

“We were able to trace some laundered money to a religious organisation, and when we approached the religious organisation about it and we were carrying out our investigation, we got a restraining order stopping us from carrying out our investigation,” he said.

There was confusion at Idi-Isin, Jericho, Aleshinloye Market and neighbouring areas in Ibadan on Tuesday as some operatives of Economic and Financial Crimes Commission (EFCC) invaded Federal College of Forestry in Ibadan.

DAILY reports that the college is located at Jericho along the Idi-Isin area in Ibadan North West local government area.

A source within the college told DAILY POST that the EFCC operatives entered the college with the intention to arrest a student who is suspected to be involved in cyber crime.

The source, who begged not to be named, added that the EFCC operatives, in the process of arresting the student, started shooting sporadically.

The source noted that some students decided to resist the move by the EFCC and in the process, a student whose name has not been revealed was shot.

He added that this led to confusion in the college and other neighbouring areas such as Idi-Isin, Jericho and Aleshinloye Market.

The source who spoke with DAILY POST on Wednesday said, “I am telling you the fact. This is the truth of the matter, but don’t mention my name. The EFCC went there to arrest one student whom they suspected to be involved in Yahoo Yahoo. But, when they want to arrest the guy, they started shooting sporadically. A student was shot. It is not good at all.”

Another staff of the college described the invasion of the college by the EFCC operatives as shameful.

They invade the college and they are shooting seriously. This is the shoot out that happened in FCF college. It is highly shameful seeing unprofessional acts being perpetrated by EFCC officials today. Shooting in an academic campus as if there’s war going on just like Hamas and Israel. I hope the management of FRIN/FCF will not sweep this under carpet.”

Public Relations Officer of the college, Mr. Kehinde Olawale, confirmed the development to DAILY POST on Wednesday.

He added that a student who was shot during the incident is still receiving treatment in the hospital.

“It is true that some people came to our college yesterday. They drove straight to the students area. The SUG President challenged them. They discovered that among those people who came were two people who wore red cloth and they wrote EFCC on it. And they carried guns.

One of the people that came said they came to investigate someone who stood in as a surety for someone. But, we don’t know the person they said they came to investigate.

“But later we said that this is not proper in an academic environment that we have many students, we told them that they need to apologise to the students, before we knew it, we just saw some of them shooting sporadically.

In the process, one of the students was shot. It has gone beyond our students, NANS has mobilised students across the country over the issue.”

Efforts made by DAILY POST get official reaction from the EFCC were not successful as of the time of filling this report on Wednesday.

Source: DAILY POST

The Economic and Financial Crimes Commission (EFCC) has reportedly detained the Director-General of Voice of Nigeria (VON), Osita Okechukwu, over alleged fraud.

The EFCC detained Okechukwu on Saturday after honouring an invitation to appear at its headquarters in Abuja, reports The Punch.

The anti-graft agency is said to be investigating the ruling All Progressives Congress (APC) member for allegedly misappropriating N1.3billion through his office.

Aside From Obi Cubana, Udemba Williams, Destiny Etiko, Other Young Igbo Billionaires May Be On EFCC Radar Watch

Information uncovered by LeadingReporters revealed that there may be no fewer than five young Igbo billionaires that are currently placed on the Economic and Financial Crime Commission EFCC watch list, aside from Obi Iyiegbu, popularly known as Obi Cubana.

Obi Cubana is currently under investigation by the anti-corruption agency over allegations of tax related crimes an money laundering.

While Obi Cubana was recently a guest in EFCC office over alleged tax related crimes and money- laundering, actor cum philanthropist, Williams Udemba, Destiny Etiko, Zubby Michael are allegedly being monitored by EFCC, according to a source who spoke to this news platform on condition of anonymity.

The source said that EFCC was surprised at the level of cash spree and ostentatious display of wealth that greeted Obi Cubana mother’s burial, among some young Igbo entrepreneurs, especially those within the entertainment industry.

The source said that such ostentatious lifestyle may influence other youths from other part of the country to resort to crime as a way of coming to social limelight.

While the source claimed that Williams Udemba has been previously invited by EFCC, he however said that the commission is not satisfied with the explanation given by Williams Udemba on how he comes about the monies with which he does his philanthropic work.

“The commission still believes that some of these guys use entertainment as a cover and may be doing other secret businesses that may be illegal to mine the millions they showcase and entice other youths with.

However, criticisms have continued to trail the anti-corruption agency, EFCC over its selective prosecution. Most Nigerian youths believe that the real criminals and culprits within the corridors of power are not unknown to EFCC.

All efforts to confirm the allegation from the anti-corruption agency was unsuccessful as at the time of filing this report.