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Bank debts: 80 EFCC operatives storm Lagos
CHAIRPERSON of the Economic and Financial Crimes Commission, EFCC, Mrs. Farida Waziri, yesterday, led a team of 80 operatives to Lagos to recover the non-performing loans granted some Nigerians by the four banks that were recently slammed by the...
EFCC moves to repatriate Akingbola, Nana-Shettu, Oye
The Economic and Financial Crimes Commission has commenced plans to file for the repatriation of the former managing director of Intercontinental Bank, Erastus Akingbola, and two aides of Cecilia Ibru, the former managing director of Oceanic Bank,...
FG seeks investors for 8 troubled banks
THE Federal Government has started an earnest search for investors to purchase the eight troubled banks whose chief executives were sacked by the Central Bank after an audit of the banks. Meanwhile, the Central Bank, yesterday, dismissed allegation...
CBN to fire Bank PHB MD, other heads set to roll
The Managing Director/ Chief Executive Officer of Bank PHB, Frank Atuche, will be dismissed later today by the Central Bank of Nigeria, highly placed sources told NEXT last night. Mr. Atuche’s sacking is said to be a direct result of the failure...
How Ribadu plotted to sack Yar'Adua, says Ibori
THE verbal exchange between former Governor of Delta state, Chief James Ibori and former Chairman of the Economic and Financial Crimes Commission, EFCC, Mallam Nuhu Ribadu, is far from over, as Ibori yesterday, lashed out on Ribadu, calling him...
EFCC boss says it has recovered N103 billion from bank debtors
Worried by the extent of theft of public funds by public officials, the chairperson of the Economic and Financial Crimes Commission, (EFCC) Farida Waziri has called for a psychiatric evaluation of aspirants seeking election into public offices....
Bank MD loots N97bn
Following the second round of banks’ audit exercise conducted by the Central Bank of Nigeria (CBN), officials of the apex bank found that a managing director (name withheld), whose shareholders have strong political influence in the current administration,...
LONDON POLICE ASK EFCC TO PRODUCE IBORI
At last, the London Metropolitan Police has written the Economic and Financial Crimes Commission (EFCC) seeking the anti-graft agency’s cooperation to bring to trial two former governors, James Ibori (Delta) and Victor Attah (Akwa Ibom). The...
BANKING SECTOR REFORMS: SECOND ROUND OF AUDIT REVEALS ROT
Despite assurances by the Central Bank (CBN) governor, Mallam Sanusi Lamido that he does not expect many surprises from the second round of audit of banks in the country, reports reaching Sunday Vanguard suggest that the rot in a few of the 14 banks...
