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EFCC recovers N2.8 billion cash from pension thieves as Ibrahim Magu opens up on...

The Economic and Financial Crimes Commission (EFCC), acting Chairman Ibrahim Magu, has confirmed that over N2.8 billion was recovered from suspected pension thieves in the Office of the Head of the Civil Service of the Federation and Police Pension Office.

Central bank injects $3.6bn into forex market in 10 months

The Central Bank of Nigeria (CBN) has reportedly injected $3.6bn into the forex market since February.

Naira appreciates by 30.3% against dollar in 10 months

The naira has appreciated by 30.3 per cent since February when the Central Bank of Nigeria began its aggressive interventions at the foreign exchange market, the News Agency of Nigeria reports.

Naira maintains N362.5 to dollar at parallel market

The Naira on Tuesday maintained N362.5 to the dollar at the parallel market, the News Agency of Nigeria (NAN) reports.

Suswam’s trial: Our witness has turned hostile – EFCC tells court

The Economic and Financial Crimes Commission, EFCC, on Wednesday, told the Federal High Court in Abuja that its key witness in the ongoing trial of former governor of Benue State, Mr. Gabriel Suswam, has turned hostile and recanted evidence he earlier gave against the defendant.

Naira sells at N362.5 per dollar at parallel market

The Naira on Tuesday traded at N362.5 to the dollar at the parallel market.

Central bank injects $210 million into forex market

As the Monetary Policy Committee of the Central Bank of Nigeria commenced its last meeting for 2017, the bank injected $210 million into the inter-bank Foreign Exchange Market on Monday.

How $9.7m, ‎£74,000 was found in former NNPC chief Andrew Yakubu’s house – witness

A prosecution witness in the ongoing trial of the former Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC), Andrew Yakubu, yesterday gave detailed account of how the sum of $9.7 million and ‎£74,000 kept in a fireproof safe was recovered from his house (Yakubu).

Central bank sustains Forex liquidity, pumps in $195m

The Central Bank of Nigeria has continued its sustenance of FOREX liquidity by injecting another $195 million into the inter-bank Foreign Exchange Market, even as the Naira maintains its strength.

$43.4m recovered cash: Court orders forfeiture of Osborne Towers flat

The Federal High Court in Lagos has ordered the temporary forfeiture of Flat 7B Osborne Towers, Ikoyi, Lagos where the sums of $43,449,947, £27,800 and N23,218,000 were discovered stashed in iron cabinets and “Ghana-must-go” bags in April.

81-year-old man arrested with fake dollars in Katsina

An 81-year-old man, Abdurrahman Amadu of Fora Village in the Kafur Local Government Area of Katsina State has been accused of being in possession of counterfeit United States dollars leading to his arraignment before a Katsina Senior Magistrates’ Court.

Patience Jonathan debunks EFCC claim of N2.1 billion belonging to late mother Charity Oba

Former First Lady, Mrs. Patience Jonathan, has described reports that the Economic and Financial Crimes Commission, EFCC, traced N2.1 billion to her dead mother’s account as spurious, baseless and intended to mislead the public.

EFCC traces N2.1 billion to Patience Jonathan’s late mom’s account

The Economic and Financial Crimes Commission has traced N2.114bn to the bank account of Magel Resort Limited, which was allegedly owned by Mrs. Patience Jonathan and her late mother, Mama Charity Oba.

How ex-NAF chief Adesola Amosu, cronies diverted N21bn – EFCC

An investigating officer with the Economic and Financial Crimes Commission (EFCC), Tosin Owobo, on Tuesday told a federal high court in Lagos how N21 billion belonging to the Nigerian air force was moved into some private companies’ accounts.

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