EFCC

N20bn bailout loan: Politicians with interest in 2023 presidency ‘hired EFCC to discredit Yahaya Bello’

Kingsley Fanwo, Kogi commissioner for information, has alleged that some politicians with interest in the 2023 presidency hired the Economic and Financial Crimes Commission (EFCC) to discredit Yahaya Bello, the state governor.

Over the past months, the anti-graft agency and the Kogi government have been at loggerheads over allegations that the state runs an account in Sterling Bank containing N20 billion bailout loan.

The EFCC had alleged that there were suspicious fraudulent activities related to the account.

In August, a federal high court sitting in Lagos froze a Kogi state salary bailout account domiciled in Sterling Bank Plc following an

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Lack of regulation affecting cryptocurrency probe, says EFCC

The Economic and Financial Crimes Commission has said lack of regulation of the operation of cryptocurrency is a major challenge inhibiting its investigations.

The Chairman of the EFCC, Abdulrasheed Bawa, stated this at a webinar in Lagos on ‘Digital currencies and crypto derivatives: Banking, regulatory and cybersecurity’.

The programme was organised by the Attorney General Alliance Africa in collaboration with the Lagos Business School, the EFCC, and the Fintech Association of Nigeria.

Bawa, who was represented by the Head of Cybercrime Unit of the agency in Lagos, Whyte Dein, identified other challenges as knowledge gap in

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How Nigeria can finance yearly budgets without borrowing, by EFCC | The Guardian Nigeria News

Abdulrasheed Bawa

Partners NEITI to check graft in extractive industries

Chariman of the Economic and Financial Crimes Commission, (EFCC), Abdulrasheed Bawa, has said Nigeria does not need to borrow to finance its yearly budgets provided leakages in critical sectors of the economy are properly plugged.

He spoke yesterday at the signing of a Memorandum of Understanding (MoU) between his agency and the Nigeria Extractive Industries Transparency Initiative (NEITI), led by its Executive Secretary, Dr. Orji Ogbonnaya Orji, in Abuja.

The nation’s total public debt stock stood at N33.1 trillion at the end of the first quarter in March, even as

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Cryptocurrency: EFCC has $20 million in e-wallet | Latest News Updates & Newspaper Headlines

EFCC chairman, Abdulrasheed Bawa, said during a Channels TV interview on Tuesday, June 15, 2021 that the agency created its own e-wallet to recover cryptocurrency from criminals.

“It has never happened before but we created it. We are now recovering these proceeds of crime from that means as well,” he said.

The apex bank said in February that cryptocurrency investments are volatile and being used by criminals to launder proceeds of crime that are difficult to trace.

Bawa said in the Tuesday interview that the EFCC also sees cryptocurrency as an avenue for people to launder money, a situation

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EFCC Has Recovered $20m Worth Of Cryptocurrency, Says Bawa

The chairman of the Economic and Financial Crimes Commission (EFCC), Abdulrasheed Bawa,  psaid the commission has recovered $20million worth of cryptocurrency from suspected cybercriminals.

Bawa, who stated this on a TV programme monitored by our reporter on Tuesday,

said the commission sees cryptocurrency as an avenue where criminals launder proceeds of crime.

According to Bawa, “As it is today, there is nowhere in the world where cryptocurrency is being regulated. The EFCC is looking at cryptocurrency as an avenue where people are laundering their proceeds of crime,” he said.

“Where people are receiving proceeds of crime and that is our

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EFCC has recovered $20 million worth of cryptocurrency from fraudsters – Chairman

The Executive Chairman of the Economic and Financial Crimes Commission (EFCC), Abdulrasheed Bawa, on Tuesday, said the commission recovered about $20 million worth of cryptocurrency loot from cybercriminals, adding that the loot has been saved in the commission’s e-wallet.

This is as the anti-graft agency has said that it sees cryptocurrency as an avenue where these fraudsters launder the proceeds of crime.

This disclosure was made by Bawa while speaking at a Channels Television programme, ‘Sunrise Daily’ on Tuesday, June 15, 2021.

READ: EFCC says it seized jewellery worth N14 billion, houses valued $80 million from Deizani

What the EFCC

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