Osinbajo blames difficult looted funds recovery on Int’l financial system

Vice President, Professor Yemi Osinbajo, has blamed the difficulty in retrieving funds looted from the country on the international financial system. Professor Osinbajo was speaking on Thursday at the Organisation for Economic Cooperation and Development (OECD) forum in Paris, France. In a statement, the Vice President pointed out that illicit financial flows must be regarded……

List Of Beneficiaries Of Diezani’s $115m admitted By Court

List of beneficiaries of $115 million, which the Economic and Financial Crime Commission (EFCC),  alleged that a former petroleum minister,  Diezani Alison-Maduake stashed in Fidelity Bank and subsequently disbursed to some individuals across the country prior to 2015 elections was yesterday admitted as evidence by a Federal High Court in Lagos. A prosecution witness, Timothy…

FG Recovers Another $151million And N8billion Looted Funds

The Federal Government has recovered another $151million and N8billion from three sources. The recovery of the looted funds comes hot on the heels of the Economic and Financial Crimes Commission, EFCC’s recovery of $9.8million and 72,000 pounds sterling from the Kaduna home of a former NNPC GMD, Andrew Yakubu. Revealing the recent recovery which was……

Recovered loot not enough to revive economy – Lai Mohammed

The Minister of Information and Culture, Alhaji Lai Mohammed has explained that the looted fund recovered so far by government is far cry from what the country needs to revive the economy. The minister said this on Friday when he appeared on a News Agency of Nigeria (NAN) Forum in Abuja. According to him, the…

On Food Security and Safety of IDPs, By Louis Okoroma

The displaced persons, uprooted by the Boko Haram, are found in refugee camps that dot the three most affected states of the North east region, and other parts of the country, including Abuja, the nation’s capital. The camps aside, there is also the issue of security for those who have returned to liberated areas of…

9 arrested in Benue over N107 bn loot

The Economic and Financial Crimes Commission (EFCC), collaborating with the Nigeria Police have started the process of the recovery of the N107 billion allegedly looted from Benue State treasury by 52 individuals and 10 corporate organisations in the last administration. Already, nine people have been arrested and quizzed. The nine persons, who were indicted by the…