Tag Archives: Economic and Financial

  The trial of former Minister of Justice and Attorney General of the Federation, Muhammed Bello Adoke and Aliyu Abubakar continued on Monday, September 7, 2020, before Justice I.E Ekwo of the Federal High Court, Abuja with the Economic and Financial Crimes Commission(EFCC) presenting its third witness, PW3 against the former Minister. At the resumed … Continue reading EFCC Presents Third Witness Against Adoke

    Nigeria has secured a landmark victory in its pursuit to overturn a $10 billion judgement awarded against it in a case against Process and Industrial Developments (P&ID). Delivering his judgement on Thursday, Ross Cranston, a judge of the Business and Property Courts of England and Wales, granted Nigeria’s application for an extension of … Continue reading Nigeria Secures Landmark Victory In Bid To Overturn P&ID Judgement

  The Economic and Financial Crimes Commission, (EFCC) has secured the final forfeiture of N827, 679,098.32 from Flank Power Resources Limited and GMFD Ventures Limited. Both firms are linked to contractors with the Niger Delta Development Commission (NDDC),  Matthew Edevbie is the Chief Executive Officer of Flank Power Resources Limited. In a statement by the … Continue reading EFCC Gets Final Forfeiture Of N827.6m From NDDC Contractors

  Justice Ibrahim Buba has dismissed a suit bordering on an alleged N34bn fraud filed by the Federal Government against the former Director-General of NIMASA, Patrick Akpobolokemi and a firm known as Global West Vessel Specialist Limited, linked to a former Niger Delta militant leader, Government Ekpemupolo, popularly known as Tompolo and 7 others. In … Continue reading Alleged N34bn Fraud: Court Dismisses Case Against Akpobolokemi, Tompolo’s Company