The Federal Ministry of Housing and Urban Development has taken over a massive 753-duplex housing estate in Lokogoma, Abuja, originally linked to former Central Bank of Nigeria Governor, Godwin Emefiele, …
EFCC
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CorruptionGOVERNMENTNigeriaPoliciesReal Estate
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CorruptionFinance & ServicesMarketsNewsNigeriaPoliticsReal Estate
Abuja Real Estate Market Raises Concerns Over Source of Wealth Amid Surging Prices
Abuja, Nigeria’s capital city, is known mainly as the seat of government, where the country’s major political institutions are located. It is not a commercial or industrial hub like Lagos …
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BusinessCrimeCryptocurrencyEconomyFinance & ServicesFintechGOVERNMENTNigeriaTechnology
EFCC Removes Elie Bitar from Wanted List Over CBEX Fraud After Fresh Findings
The Economic and Financial Crimes Commission (EFCC) has officially removed a foreign national, Elie Bitar, from its wanted list after previously linking him to a suspected fraud involving a platform …
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BusinessBusiness and EconomyBusiness InsightsBusiness PoliciesEconomyEnergyEnvironmentGOVERNMENTPoliciesTransportation & Logisitics
Govt delists CNG conversion centre over sharp practices
The Presidential Initiative on Compressed Natural Gas (PCNGI) has removed one of its key conversion partners, Charles Goriola Yakub of C & L Smart Energy Limited, over what it described …
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CorruptionEconomyGOVERNMENTNigeria
BPP Moves to Curb Procurement Fraud, Partners EFCC, ICPC, Others on Transparency Drive
The Bureau of Public Procurement (BPP) has announced new steps to strengthen transparency and accountability in Nigeria’s procurement processes through strategic collaboration with anti-corruption agencies. Director-General of the BPP, Dr. …
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CrimeEconomyNigeriaSecurityWestern Africa
Customs Intercepts $193,000 Concealed in Yogurt Carton at Abuja Airport
The Nigeria Customs Service (NCS), Federal Capital Territory (FCT) Command, has intercepted $193,000 in undeclared foreign currency concealed within a yogurt carton at the Nnamdi Azikiwe International Airport, Abuja. This …
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Banking, Finance & InvestmentBusinessFinance & ServicesMarketsNigeria
Asset Management Corporation of Nigeria’s liabilities hit N5.7tn in 2022
Asset Management Corporation of Nigeria’s liabilities stood at N5.72tn as of the end of the first half of 2022. The Financial Markets Department of the Central Bank of Nigeria disclosed …
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Banking, Finance & InvestmentBusinessEconomyMarketsNigeria
EFCC raids Bureau de change operators in Abuja as Naira falls rapidly
Operatives of the economic and financial crimes commission raided the offices of black market currency dealers in Abuja on Tuesday in a bid to halt the rapid fall of the naira. …
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NigeriaReal EstateWestern Africa
Landlords to risk 15 years imprisonment if apartments is rented to yahoo boys, EFCC says
EFCC, The Economic and Financial Crimes Commission has vowed to go after landlords who rent their houses to internet fraudsters better known as ‘Yahoo Boys’. The Commission made this known …
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PoliticsWestern Africa
Accountant General, Ahmed Idris gets arrested by the EFCC for alleged N80b fraud
Operatives of the Economic and Financial Crimes Commission (EFCC) have arrested serving Accountant General of the Federation (AGF), Ahmed Idris, in connection with diversion of funds and money laundering activities …