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Home > Economic and Financial Crime Commission > Page 2
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Economic and Financial Crime Commission

Headlines

NABDA Top Official Commits Suicide After EFCC Invitation

by Folarin Kehinde September 8, 2021
written by Folarin Kehinde

A top Government Official from the National Biotechnology Development Agency (NABDA) has reportedly committed suicide after EFCC invitation.

Reports revealed that Mr. Christopher Orji who was an Assistant Director of the agency reportedly committed suicide in Abuja.

It was gathered that Orji’s lifeless body was reportedly found dangling with a rope tied to a ceiling fan at his residence at Federal Housing Authority Estate, Lugbe, Abuja, at about 4pm on August 30.

Read Also: Oyo-Ita Lands in Hospital After Questioning By EFCC over Alleged 3bn Fraud

Sources within NABDA told Daily Trust that police homicide detectives were still investigating the circumstances surrounding the death of 59-year-old Orji.

Reports said he had been invited by the Economic and Financial Crimes Commission (EFCC) to report at its Abuja office on the day he was found dead.

However, one of the staff of the agency, who pleaded anonymity, said Orji could not have killed himself as no suicide note was found at his residence.

When contacted, NABDA’s Acting Head of Communications and Protocol, Nkiru Amakeze, declined the comment.

“So, what do you want me to tell you now? Please, I can’t speak on it,” Amakaeze replied.

September 8, 2021 0 comments
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Headlines

2023 Presidency: Plans To Pair Malami With Jonathan Thickens

by Leading Reporters September 7, 2021
written by Leading Reporters
.As APC Plans To Zone Ticket To South South Geopolitical Zone

2023 may seem far for some people, but to President Muhamadu Buhari’s political allies, popularly known as the “Villa Cabal”, now is better than never. 

This is because all efforts are currently geared towards pairing the current Attorney General of the Federation and Minister of Justice Abubakar Malami as running mate to former President Goodluck Jonathan, LeadingReporters has learnt.

A source who is in the know confided in LeadingReporters that Malami is the preferred running mate to President Goodluck Jonathan, whom this platform learnt is being lobbied by the cabal to contest as President under the ruling All Progressive Congress, APC ticket come 2023.

“Former President Goodluck Jonathan is being lobbied to contest under APC.  The “Cabal” has vowed to make it happen and to fund his campaign.  I guess the only thing they are perfecting now is how to convince Nigerians that the man they had previously labeled “most corrupt” and “evil” is now a saint to succeed Buhari”.

Malami, it was learnt had eyes for Kebbi State gubernatorial position before this new development.  A project the cabal is viewing to be near-impossible because Malami lacks the grassroots clout and may not have the support of the powerbrokers from Kebbi State.  Another factor that is believed to be going to militate against his governorship ambition borders on the influence of some political figures such as Senator Bala Ibn Na’Allah Ali and Senator Adamu Aliero who are believed to have strong political structure and influence on the electorates and key political decisions makers in Kebbi State, the home State of Malami.

The source hinted that by the “cabal” calculation, someone trusted is needed to protect their interest in the next political dispensation.  They feared that losing grip of power in the next presidency may spell doom for them and their business interests as they may be subjected to untamed investigations by the new government in power. They believe Jonathan may not tilt towards investigating his predecessor, and in the event that happens, Abubakar Malami may be the anchor the “cabal” needs to hinge their political structures and economic achievements.

Towards achieving that, it was learnt that Malami, on the instruction of the cabal had to source for a loyal, dependable and trusted person to head the Economic and Financial Crime Commission EFCC.  By their calculation, a close ally would help nail every perceived opponent come, 2023.  In addition to that, the EFCC henchmen would help weed off every allegations that may be used against their interest come 2023.  The current EFCC Chairman Abdulrasheed Bawa, fell within the description of the preferred candidate.  Mr. Bawa hails from Kebbi State as the Attorney General for the Federation.

It was reported that part of the plan is to use the anti-corruption agency to go after former President Goodluck Jonathan and his allies in the event he turns down the offer to run for Presidency with Malami as his running mate.

“Coercion is plan B”

How did Abubakar Malami become so powerful as to be ‘favoured’ with Nigeria’s Vice Presidency come 2023 by the “cabal”, people may ask?  Malami was Bullet Nigeria Limited company’s attorney.  Bullet Nigeria Limited was owned by one of the strongest ally for President Muhammadu Buhari, the late Ismaila Isa Fantua. It was leant that Mr. Fantua had so much trust in Abubakar Malami that he single-handedly ‘marketed’ him to the “cabal” and President Buhari as the Attorney General of the Federation and Minister of Justice.  Since then, Malami has been wielding the scepter of ‘justice’ on behalf of his benefactor and other members of the inner caucus in the Presidency.

September 7, 2021 0 comments
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Investigation

Revealed: How AEDC Spent Over N16b In a day On Admin. Expenses; Allegedly Evade Tax and Use Inflated Costs to Shortchange FG (Part 1)

by Leading Reporters March 30, 2021
written by Leading Reporters

Financial records unveiled by the League of Patriot, exclusively obtained by LeadingReporters, has alleged that AEDC uses different accounts, mainly domiciled with the United Bank of Africa, UBA and recently, Fidelity Bank to perpetrate these nefarious acts. 

The accounts include AEDC Impress Funding Account with UBA.  Account No. 22174094498.  This account has become a conduit through which Billions of Naira are fleeced under the subheading – Operational imprest.  For instance, between October and December, 2018, a total of N1,579,015,000 was mopped into the account as impress.

It was John Perkins, the author of “Confession of An Economic Hitman” who said that electricity, industrial parks, highways and ports are the things that made huge profits for companies that are sent to wreak havocs on the economies of target-nations.

Perkins’s confession in his widely-read book gives a clue to why Nigerians, the Federal Government and electricity consumers would remain at the mercy of companies like Abuja Electricity Distribution Company AEDC. Mr. Perkins went further to expose how they coopt local greedy economic jackals in government offices, the banking and other strategic sectors in any country of their interest to ensure that their appetite to ruin and hold the people in perpetual poverty are sealed.

AEDC activities, according to investigation carried out by group of concerned Nigerians under the umbrella of League of Patriots revealed that the company is structured to fleece Nigeria, exploit the people, defraud the system, evade tax and by extension divert all the proceeds of their loots to their agents both locally and internationally.

The group has promised to work with the anti-corruption agencies, especially the Economic and Financial Crime Commission under its new leadership that has expressed interest to institute a probe in the power sector.

Another Imprest Account as claimed by Leagues of Patriots is Account No. 1017666012, with United Bank of Africa, which is used for these alleged nefarious activities. Investigation carried out by the group revealed further that Account No. 1019034680 with UBA is used to sweep funds which are later diverted to yet another UBA account No 1017547366.

Furthermore, yet another account uncovered by the group is a UBA Account No.1017681365, allotted to AEDC WAMBA, Nasarawa State.  A close investigation revealed that the said account is not linked to any TIN no, which makes it hard for Government to collect its tax from AEDC.

AEDC Okene Area Office with Account No 1021027984 with UBA is one of the many accounts of AEDC that were structured to evade tax as all proceeds from Okene axis were technically structured to evade tax.

Kabba AEDC Account No 1017805387 is another porous and specially structured account allegedly used in fleecing the Federal Government.  Recall that the Federal Government of Nigeria has 40% stake in AEDC through its agency, Bureau of Public Enterprises.  The agency, according to League of Patriots has become a willing partner in crime in short-changing the Government and the people of Nigeria.

All efforts to get AEDC to address the issue proved abortive as no replies were given to mails sent to them, for official response despite series of promises from the communication and accounts units of AEDC to do so

March 30, 2021 0 comments
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