The Economic and Fina-ncial Crimes Commission (EFCC) has stepped up its anti-money laundering efforts with an all round surveillance on all banks transactions. The EFCC Chairman Farida Waziri said commercial banks in the country were helping in the fight against economic crimes as they now remit financial returns to the commission.
EFCC fully known as The Economic and Financial Crime Commission, was established in 2003 due to pressure from ECOWAS on how Nigeria is not fight financial crimes in the Country. It was established under the tenure of Chief Olusegun Obasanjo, who appoints Nuhu Ribadu as the first chairman of the commission. Nuhu Ribadu was sacked by President Umaru Musa Yaradua and He was replaced by the first female EFCC chairperson, Chief Mrs Farida Waziri. Chief Mrs Farida Waziri was born on July 7, 1946 in Gboko, Benue State.
The Economic and Fina-ncial Crimes Commission (EFCC) has stepped up its anti-money laundering efforts with an all round surveillance on banks transactions. EFCC Chairman Farida Waziri said commercial banks in the country were helping in the fight against economic crimes as they now remit financial returns to the commission.
3 years after Farida Waziri lost her daughter and husband in the same year, see her recent photos How will you feel when you lose two loved ones within one year? Actually, this is very disheartened and also very painful. It is very painful for someone to lose a loved one, talk more of losing two within a year. Actually, this kind of death can lead to suicide, or any other silly things. Moreover, Farida Waziri experienced a very sad moment in her life, but she let go of it, and took it as a challenge. She moved
Anti Corruption or For the Corruption? Aside Investigating Corruption Cases the EFCC is also Famous for Changing Chairpersons. It won't be out of Context to equate the anti-graft body to "the Blues Of London when it comes to Disengaging bosses. Since its inauguration, the specter of being disgraced out of Office has dogged its successive heads, often on charges of corruption they were equipped to combat. From Nuhu Ribadu and Farida Waziri to Ibrahim Lamorde and Mr. Magu, scandals have mired every leadership.
For close to twenty years now, there is a particular commission that has had all it's chairperson from the northern part of the country ever since it was created by former president of Nigeria Mr Olusegun Obasanjo. In 2003, Chief Obasanjo's will to prosecute anyone involved in corrupt practices and also in partial response to pressure from the Financial Action Task Force on Money Laundering which named Nigeria as one of 23 non-cooperating countries in the international community's efforts to fight money laundering,
It has been 10days since the arrest of the former chairman of the, Ibrahim Magu. He was arrested by the DSS last week over allegations of corruption. Currently, he is still facing the Presidential Investigative Panel for interrogations. The panel is led by Justice Ayo Salami. With the look of things, if Magu ended up been guilty of the allegations, he may face one of these penalties which may include; 1. Dismissal/Sack 2. Demotion to the position of a junior officer 3. Jail It will interest you to know that
1. Suspension of Ibrahim Magu shows no ‘sacred cows’ in President Buhari’s anti-graft war – Presidency The Nigerian Presidency on Saturday said President Muhammadu Buhari’s decision to suspend the former acting chairman of the Economic and Financial Crimes Commission (EFCC) Ibrahim Magu was a proof that there is no special treatment for anyone in the government’s fight against corruption. “Under this President and Government, this is our mantra and guiding principle. There are no sacred cows, and
The economic and financial crimes commission (EFCC), was established in 2003 as a law enforcement agency that investigates financial crimes like advance fee fraud (419) and money laundering, and prosecute offenders. Since its creation, it has had different chairpersons, from Nuhu Ribadu to Farida Waziri to Ibrahim Lamorde and finally Ibrahim Magu. Since then, the commission has successfully carried out investigations into financial crimes, and has recorded a number of convictions. Despite this, they have all
Since the beginning of the ongoing investigation of the suspended Chairman of the Economic and Financial Crimes Commission, EFCC, Ibrahim Magu, there have been talks about who should be the next Chairman of the commission. Among questions being asked by Nigerias is, must the Chairman of the EFCC come from the Nigeria Police Force? This question was because, Magu and his three predecessors are all from the Nigeria Police. From Nuhu Ribadu to Farida Waziri and Ibrahim Lamorde, the Presidency has continued to
On February 16, 2021 President Muhammadu Buhari nominated Mr Abdulrasheed Bawa as the substantive Chairman of the Economic and Financial Crimes Commission, EFCC.
Former Chairman of the Economic and Financial Crimes Commission, EFCC, Farida Waziri has recommended that National Honours nominees be tested for drugs before the conferment of awards. She made this recommendation on Friday, September 17, 2021, after her inauguration as a member of the National Honours Award Committee.
Yesterday, the Senate officially confirmed Abdulrasheed Bawa as the new Chairman of the Economics Financial Crimes Commission (EFCC), before he was confirmed to lead the organisation rumors were already flying.
According to reports by ThisDay, the embattled chairman of the Economic and Financial Crimes Commission (EFCC), Ibrahim Magu, failed to submit the EFCC audited accounts to the National Assembly as required by law for four years. Magu who's spent about 5 years as the acting chairman of the EFCC was reported not to have submitted the agency audit for four good years. Some critics believes Magu took advantage of the non-confirmation of his appointment by the 8th Senate, he reported avoided accounting for everything.
A brief overview of the Economic and financial crimes commission EFCC by Wikipedia.com The agency was established in 2003 by President Olusegun Obasanjo( ex-President of Nigeria) partially in response to pressure from the Financial Action Task Force(FATF) on Money Laundering, which named Nigeria as one of 20 countries non-cooperative in the international community's efforts to fight money laundering. The agency investigates financial crimes such as advance fee fraud (419 fraud) and money laundering. The first
The attack on Magu seem organized to make it seem as if he is guilty but so far, there has not been any tangible evidence to nail him to the cross, all we have been seeing and hearing are allegations upon allegations. It is common knowledge that Abubakar Malami and Ibrahim Magu has been at daggers drawn for some time, months ago Malami accused Magu of corruption and abuse of power but Magu fired back by stating clearly that "he will not be blackmailed." The allegations against Magu is weighty and shocking at
The arrest and detention of Ibrahim Magu, the now sacked chairman of the Economic and Financial Crimes Commission (EFCC) over allegations of massive corruption shows that nobody in Nigeria can do the EFCC job and end well. This is according to the Guardian Newspaper. Since 2003 when the EFCC was established, the country has engaged four officers from the same police stalk as its chairman and the result is the same, allegations of massive corruption, re-looting of recovered funds and all manner of financial impropriety
President Muhammadu Buhari has announced AbdulRasheed Bawa as the new chairman of the Economic and Financial Crimes Commission (EFCC). If approved by the Nigerian Senate, Abdul Rasheed Bawa, a native of Kebbi State in Nigeria, will be the fifth chairman of the commission after Nuhu Ribadu, Farida Waziri, Ibrahim Lamorde and Ibrahim Magu. Likewise, the first from the northwestern region of Nigeria. Here are five facts about the new EFCC chairman that you may not be aware of. 1. He is the youngest of all board
Since the formation of the Economic and Financial Crimes Commission (EFCC) in 2003, 4 persons has served as the chairman. First among them is Nuhu Ribadu, followed by Farida Waziri, Ibrahim Lamorde and the suspended Ibrahim Magu. Before his appointment on the 9th of November, 2015, the Bornu state born accountant turned police officer, has served meritoriously under previous regimes of the agency. That is why when the Buhari administration came on board in 2015, with a mantra for fighting corruption, he has