Tag: EFCC

  • EFCC arrests man in possession of 849 ATM cards

    The Economic and Financial Crimes Commission, EFCC on Monday said it has stepped up investigation to determine how a suspect, Yasir Salihu Abdullahi, got 849 Automated Teller Machine, ATM cards of various Nigerian banks.

    The commission said Abdullahi will be investigated on why the cards were being shipped out of the country.

    According to a statement by the Head of Media and Publicity of EFCC, Mr. Wilson Uwujaren, the suspect was arrested at the Malam Aminu Kano International Airport on Friday as he prepared to board an Egypt Air heading for Dubai, United Arab Emirates.

    The anti-graft agency said Abdullahi was intercepted after a scan of his luggage by officers of the Nigeria Customs Service revealed the suspicious items.

    The statement said: “The Customs officers then alerted the EFCC’s office in Kano. On arrival, operatives of the commission discovered that he had: 490 Guaranty Trust Bank ATM cards; 287 ATM cards of Access Bank; 49 ATM cards of Eco Bank; 10 ATM cards of UBA; six ATM cards of Stanbic IBTC Bank; four ATM cards of Zenith Bank; one ATM card each of Sterling Bank, Standard Chartered Bank and First City Monument Bank.

    Another suspected fraudster, Ma Yongbin alias Suleiman Yunusa, a 46-year-old Chinese national was also arrested on August 3 by Aviation Security at the Malam Aminu Kano International Airport as he tried to board Egypt Air to China.

    He was arrested at the Baggage checking point where he was found to have in his possession the sum of N305,000 in N5 denomination. He was eventually handed over to the commission for further investigation.

    The two suspects have made useful statements. They have also been granted administrative bail while investigations continue.”

  • AGF/EFCC faceoff:  Do as Justice Ministry orders or face sanctions, Presidency warns Magu

    AGF/EFCC faceoff: Do as Justice Ministry orders or face sanctions, Presidency warns Magu

    Sequel to a letter written by the Attorney General of the Federation and Minister of Justice, Abubakar Malami (SAN) on Tuesday directing the Acting Chairman of the Economic and Financial Crimes Commission, EFCC, to forward the list of high profile corruption cases to him (Malami) and henceforth wait for directives, the presidency on Friday issued strong warning to the EFCC leadership or face sanctioned.

    The letter, which sparked off speculations of a rift between the ministry and the EFCC, directed the commission to submit details of its investigations into ‘serious cases’ to the Justice Ministry.

    TheNewsGuru.com reports that such cases include matters with international dimensions, cases involving alleged misappropriation of N50 million and above; cases of fraud involving numerous suspects, among others.

    According to the letter written on August 1, the Minister of Justice, Abubakar Malami, accused the EFCC chairman, Ibrahim Magu, of violating section 10 of the commission’s performance regulation guidelines, 2010.

    “I am directed by the Honourable Attorney- General and Minister of Justice to refer to the Economic and Financial Crimes Commission (Enforcement) Regulations 2010 (the Regulation) published in the Federal Republic of Nigeria Official Gazette No.61 Vol. of 21st September 2010, particularly the obligations of the Economic and Financial Crimes Commission (EFCC/the Commission),” Abiodun Aikomo from the AGF’s office said in the letter to the EFCC sourced by The Cable newspapers.

    “I am directed to refer specifically to Section 10 (1) which mandates the Commission to forward to the Attorney- General, in respect of a case of complaint which is serious or complex within the context of the Regulation, the outcome of its investigation(s) with its recommendations on whether there are sufficient grounds to initiate prosecution.

    “The Honourable Attorney-General observes that the Commission has been in breach of the above-cited provision of the Regulation for some time, hence this reminder to the Commission to ensure compliance going forward,” the letter added.

    Shortly after reports regarding the letter were published by the media, the EFCC and the justice ministry denied any rift regarding the matter.

    “For the avoidance of any doubt, the Economic and Financial Crimes Commission, EFCC, wishes to categorically state that it is compliant with all provisions of law and has no intention to stoke a misunderstanding over requests from the office of the Attorney-General and Minister of Justice,” the commission said.

    The commission also said the EFCC was not negating any known laws in the discharge of its duties.

    However, the Punch Newspapers reported that the Special Assistant to the President on Prosecutions, Okoi Obono-Obla, on Friday waded into the matter, warning the commission to reply the latter or face sanctions.

    “The EFCC cannot be more patriotic than the office of the AGF. Why is it that the EFCC is not cooperating when we are working for the same government? If the EFCC refuses to act on the letter, there will be consequences on acts of indiscipline and insubordination”.

    Obono-Obla however said there was no ‘personality clash’ between the two organisations.

    “There is no personality clash between the two heads. It is wrong to say that there is a clash. The EFCC is an institution and the office of the AGF is another institution. What we need is compliance. We should not personalise our institutions.”

  • AMCON, EFCC collaborate on recovery of N4.6bn debt nationwide

    The Asset Management Corporation of Nigeria (AMCON) says it is collaborating with the Economic and Financial Crimes Commission (EFCC) as strategy to recover N4.6 billion from debtors across the country.

    The corporation said this in a statement issued after a meeting with the management of the EFCC on Thursday in Lagos.

    It said the decision was for both agencies to consolidate on the gains in the areas of investigating, prosecuting and compelling all obligors of AMCON in accordance with the relevant statutes.

    The agencies said they were working on taking another look at some banks and their officials that were instrumental to the abuse and violation of internal processes that led to the huge non-performing loans in AMCON’s portfolio.

    The agencies are planning to revisit, reinvestigate and duly prosecute such banks and the responsible officials,” the statement said.

    The EFCC Acting Chairman,Mr Ibrahim Magu, who welcomed the Managing Director,AMCON Mr Ahmed Kuru, and his team described the assignments of both agencies of government as “very tough, overwhelming and challenging.”

    He however added that he was happy that AMCON under Kuru is doing everything within its mandate to confront the obligors with all the risks involved in the process of doing so.

    He said it was for that reason that EFCC established AMCON Desk with dedicated EFCC officials that ensured that all AMCON related cases in EFCC received speedy attention.

    Magu assured Kuru that the AMCON Desk at EFCC would continue to be functional adding that the EFCC was willing to increase the number of personnel on the desk if so required.

    He said that the agency would be willing to establish a Lagos branch if necessary to make sure these huge loans are recovered in the interest of the Nigerian economy.

    The EFCC boss affirmed that some of those obligors “who took loans without the intention of paying back” did not envisage that someday an agency like AMCON would come knocking on their doors seeking to recover the loans.

    Magu, therefore, condemned the impunity with which those transactions were done.

    According to him, giving the similarity in the objectives of both agencies, the acting EFCC boss said there was need for joint training towards fostering better understanding between AMCON and the EFCC.

    While reaffirming the commitment of the EFCC to cooperate and provide the much needed support to AMCON, Magu urged AMCON to ensure justice is done in all cases.

    He said that was because most of the obligors might not have acted alone in their unwillingness to repay, but might involve the connivance of some of the bank officials whose motive was to cheat the banks ab-initio.

    He, however, disclosed that “in appropriate circumstances, these bankers would also be called upon to account for their roles in granting these questionable facilities.”

    Kuru thanked the Acting Chairman of EFCC for receiving the AMCON delegation and appreciation for his passion and cooperation in the collaboration with AMCON toward recovering the enormous bad debts from recalcitrant obligors of AMCON.

    He also thanked the acting chairman for creating that unit that had led to several recoveries while appreciating the contribution of the AMCON Desk at EFCC.

    He said that AMCON was willing to provide the required support to the AMCON Desk at EFCC by providing information, logistics and training to the team.

    Recounting AMCON’s role in the economy especially in the banking sector, Kuru said that since its establishment, AMCON acquired debts from 22 banks worth N3.7 trillion and provided financial accommodation to 10 banks of about N2.2 trillion.

    He observed that despite AMCON’s recovery efforts, the corporation still holds unresolved loans in excess of N4.6trillion which represents about 75 per cent of total national budget.

    The managing director expressed concern that failure on the part of AMCON to resolve the debts will have far reaching implication for the nation at large.(NAN)

  • Anti-corruption war: AGF denies rift with EFCC

    Anti-corruption war: AGF denies rift with EFCC

    The Minister of Justice and Attorney General of the Federation (AGF) Abubakar Malami (SAN), on Thursday denied speculations making the rounds about a rift between him and Acting Chairman of the Economic and Financial Crimes Commission (EFCC) Ibrahim Magu, on the handling of high profile criminal cases.

    TheNewsGuru.com reports that a recent letter from the office of the AGF directed the EFCC to forward files on about 35 high profile cases, involving ex-governors and other prominent individuals to his office for vetting and further directive.

    The directive ignited speculation about a possible rift between the AGF and Magu, with many expressing doubt about the AGF’ true intention. Some even claimed the directive was a prelude to the AGF’s office’s eventual take over of the cases.

    Speaking in Abuja on Thursday, Malami said there was no rift between his office and the EFCC leadership.

    Malami, who was reacting to questions after an event held in his office, said he did not believe the letter to the EFCC was an evidence of a right between his office and the EFCC or that his office intended to take over the cases.

    Malami spoke on a forthcoming “national summit on justice,” slated for August 8 and 10 in Abuja. He also unveiled the upgraded Federal Ministry of Justice’s website and Freedom of Information (FOI) Compliance portal.

    Malami said the summit, to be attended by stakeholders in the justice sector, was intended to consider, adopt and validate the draft National Policy on Justice (NPJ), developed by a technical committee constituted by the Federal Ministry of Justice in 2016.

    On the need for a national justice policy, the AGF said: “Given the challenges militating against an effective administration of justice and the peculiarity of our federal system, there is the need to harmonize and integrate the various reforms initiatives into a clearly articulated National Justice Policy.

    The policy is expected to clearly define Nigeria’s political philosophy with respect to justice delivery and provide a common direction for the justice sector stakeholders across the nation.

    The policy, in broad term, is expected to set out a common vision and provide the guidelines for promoting an effective justice system that guarantees the freedom of the people and socio-economic development of the nation.

    This policy will therefore, serve as a policy framework upon which relevant institutions can situate regulations and legislation in line with best practices and principles,” Malami said.

     

  • Corruption: Arrest lawmakers ignoring your invitation, Sagay tells EFCC, Magu

    Chairman of the Presidential Advisory Committee Against Corruption (PACAC), Prof. Itse Sagay has asked the Economic and Financial Crimes Commission (EFCC) to arrest any lawmaker that refused to honour its invitation.

    He insisted that the National Assembly must recognise EFCC as an institution and that no law says an arrest warrant must be sent to it before a lawmaker can appear before the EFCC.

    TheNewsGuru.com reports that the EFCC had on June 20 invited the Senator representing Anambra North Senatorial District, Senator Stella Oduah but she refused to honour the invitation.

    She was invited over petitions in connection to the purchase of two armoured BMW vehicles at N255m by the Nigerian Civil Aviation Authority, NCAA, during her tenure as Aviation Minister.

    Sagay in reaction said, “The EFCC is an institution; so, recognising Magu or not is totally irrelevant and until the Supreme Court says Magu is no longer chairman or acting chairman.

    The Senate cannot refuse to recognise Magu or the EFCC as an institution.

    If the EFCC invites you, you must go. There is no law that says invitation letters must come through the leadership of the National Assembly.

    The EFCC can inform the leadership as a matter of courtesy but letters should go directly to the person being invited.

    The danger now is that if they keep insisting on this, the EFCC will arrest her”.

    TheNewsGuru.com reports that the National Assembly leadership had earlier told members to ignore invitations from the anti-graft agency.

  • SERAP drags Dogara to UN over bill to crackdown on civil societies

    SERAP drags Dogara to UN over bill to crackdown on civil societies

    Socio-Economic Rights and Accountability Project (SERAP) has sent an urgent appeal to three UN Special Rapporteurs urging them to “put meaningful pressure on the leadership of the National Assembly in Nigeria particularly the Speaker of the House of Representatives Mr Yakubu Dogara to immediately withdraw the repressive bill to establish a commission that would monitor, supervise, de-register, and pre-approve all activities by civil society, labour, community based organizations, and the media, in the country.”

    Speaker Dogara The urgent appeal dated 28 July 2017 was sent to Ms Annalisa Ciampi, Special Rapporteur on the rights to freedom of peaceful assembly and of association; Mr Michel Forst, Special Rapporteur on the situation of human rights defenders; and Mr. David Kaye, Special Rapporteur on the promotion and protection of the right to freedom of opinion and expression.

    SERAP also urged the Special Rapporteurs to “prevail on the Acting President Professor Yemi Osinbajo to decline to sign the bill into law; and on the House of Representatives and the Senate to exercise their legislative powers for good governance, and ensure a safe and enabling environment for civil society organizations both in practice and rhetoric, in line with the 1999 Constitution of Nigeria (as amended) and the government’s international human rights obligations and commitments.”

    The organization said, “the sole objective of the House of Representatives is to weaken and delegitimize the work of independent and credible civil society. If adopted, the bill which is copied from repressive countries like Somalia, Ethiopia and Uganda, would have a chilling effect not only on expressions of peaceful dissent by the citizens but also on the legitimate work of NGOs and individual human rights defenders and activists scrutinizing corruption in the National Assembly and exposing human rights violations by the government.”

    The urgent appeal signed by SERAP executive director Adetokunbo Mumuni read in part: “the bill (sponsored by Umar Buba Jibril Deputy Leader, PDP: Kogi State), if passed by the House of Representatives and the Senate of Nigeria and signed into law by Acting President Professor Yemi Osinbajo, would severely curtail the rights of all Nigerians to freedom of expression and freedom of peaceful assembly and association in the country.”

    “SERAP is seriously concerned that the bill is by far the most dangerous piece of legislation in the country in terms of its reach and devastating consequences not only for the work of civil society but also the effective enjoyment of constitutionally and internationally recognized human rights of the citizens. The bill will devastate the country’s civil society for generations to come and turn it into a government puppet.”

    “The bill is a further path of closing civic space in the country, something witnessed only under military regimes, and has no place in a democratic Nigeria. The bill is entirely unnecessary, as the work of civil society is already sufficiently regulated under existing legislation, including the Companies and Allied Matters Act, Economic and Financial Crimes Commission (EFCC) Act, the Independent Corrupt Practices and Other Related Offences Commission (ICPC) Act and other similar legislation.”

    “SERAP is also concerned that the proposed bill is coming at a time the members of the Senate and House of Representatives are proposing amnesty and immunity for themselves against prosecution for corruption and other economic crimes; and the government is proposing a social media policy to restrict and undermine citizens’ access to the social media ahead of the general elections in 2019.”

    “By including civil society in general, the bill will also undermine both section 22 of the 1999 Nigerian constitution and article 13 of the UN Convention against Corruption, both of which have given the media a critical role to ensure that the government, at all levels, is accountable to the citizenry.”

    “The bill would subject Nigerians and civil society to extensive government control and interference that it would negate the very essence of the constitutionally and internationally recognized rights to freedom of expression, association and peaceful assembly. The bill also raises serious concerns about the commitment of Nigerian lawmakers and the government to good governance and basic freedoms in a democratic society.”

    “SERAP fears that the overbearing bill would inhibit and obstruct the ability of Nigerians to work collectively through local and international organizations on any human rights, transparency and accountability research or advocacy that may be deemed contrary to “the national interest” of Nigeria, or not “consistent with the programmes of government.”

    “The provisions of the bill are also not subject to any judicial oversight. SERAP believes that independent groups and activists should have space to carry out their human rights and anti-corruption work without fear of reprisals, such as losing their registration or being sent prison.”

    “Apart from the Nigerian Constitution, article 22 of the International Covenant on Civil and Political Rights and article 10 of the African Charter on Human and Peoples’ Rights to which Nigeria is a state party guarantee the rights to freedom of expression, association and peaceful assembly.

    The African Commission on Human and Peoples’ Rights has made clear that the charter does not allow governments to “enact provisions which would limit the exercise of this freedom.” The African Commission has consistently criticised restriction on the work of civil society.”

    “SERAP is concerned that by proposing this bill, Nigeria’s parliament is trying to immune itself from public criticism and scrutiny. If this bill is passed into law, good governance, the rule of law and respect for human rights of Nigerians would become a farce in the country. By gagging civil society from criticising the National Assembly and the government, the bill will undercut the rule of law, shrink civic space, and expose vulnerable Nigerians to greater level of injustice and repression.” “Civil society groups have play a key role in holding government and parliaments accountable but without a strong civil society in Nigeria, the problem of high-level official corruption and other cases of violations of human rights would go unaddressed, and perpetrators would continue to enjoy impunity.”

    SERAP therefore urged the Special Rapporteurs to: publicly condemn the bill and hold that it is inconsistent and incompatible with Nigeria’s international obligations to respect, protect, promote and fulfil the citizens’ rights to freedom of expression, association and peaceful assembly and ask the authorities should use and rely on existing legislation which already regulate the work of these groups; and to urge the House of Representatives and Senate not criminalize Nigerians simply for exercising their rights to freedom of expression, association and peaceful assembly.

    It would be recalled that the House of Representatives debated the bill known as ‘An Act to provide for the establishment of Regulatory Commission for the Supervision, Coordination and Monitoring of NGOs, CSOs and Communities Based Organizations in Nigeria’.

    The bill will establish a commission responsible only to the president and the senate. Under section 7, the commission will monitor and supervise these groups supposedly to “ensure that they accomplish their missions according to law” and under section 26, strictly “in line with the programmes of government.” Section 8 of the bill even goes further by empowering the commission to coordinate the work of all national and international NGOs in the country. All groups must register with the commission and submit their annual reports for discussion and governmental approval.

    The commission may take any punitive action against civil society and “do all such things incidental to its functions” under the Act. Section 10 establishes ‘a documentation center’ to which all civil society groups must submit the list of their activities and other information that may be required or prescribed. Section 11 then requires submission of all proposed activities by civil society for approval. Section 12 requires registration of all civil society organizations on the payment of unspecified fees and other fees as the commission may require or prescribe. But registration may be turned down, as stated under section 13.

    Registration is valid for only 24 months and renewable, subject to conditions as may be prescribed. Registration may also be denied if the activities of civil society groups are not in line with “national interest”. Operations of the groups will be terminated without any such registration. Under section 19, workers of the groups must apply for work permits. The groups can only appeal to “a minister” if they are dissatisfied with the application of any of the provisions of the Act, as provided for under section 19.

    The bill in section 24 criminalizes behaviour that is inherently legitimate by prescribing severe criminal penalties, including fines of N500,000 or 18 months imprisonment or both, for operating without registration under the bill. Under section 26, any such person will be banned for 10 years from doing any civil society work. The combined effect of sections 25 and 26 is that no civil society group will be able to carry out any activity without first seeking and obtaining a ministerial approval.

  • Banks aiding looters, says EFCC boss,Magu

    Banks aiding looters, says EFCC boss,Magu

    The acting Chairman of the Economic and Financial Crimes Commission, Mr. Ibrahim Magu, has accused banks of creating a friendly atmosphere for looters to operate.

    He added that some banks were currently behind the moves to separate the Nigeria Financial Intelligence Unit and the EFCC.

    Magu further alleged that when the NFIU is established as a separate agency, a former bank managing director would be named as the head of the agency.

    In a Facebook post on Friday, the EFCC quoted Magu as saying this while receiving a delegation of the International Monetary Fund, which visited the commission’s head office, Abuja on Thursday.

    The Senate had on Thursday passed a bill seeking to establish the Nigerian Financial Intelligence Agency barely a week after it was sponsored in the chamber.

    The powers and funding of the EFCC will be greatly reduced should the NFIU be separated from the commission.

    Magu said, “I don’t trust the financial institutions. They create an enabling environment for thieves to loot our money. That is why they are fighting to remove the NFIU from us. They want to use a former managing director of a bank to head the NFIU.”

    Magu had last week inaugurated a committee to reposition the NFIU, which was recently suspended by the Egmont Group of Financial Intelligence Units.

    The Egmont Group is an informal international gathering of over 132 financial intelligence units which provide the backbone for monitoring international money laundering activities

    However, the NFIU, which is under the EFCC, was suspended by the Egmont Group for its lack of autonomy and absence of a proper operational framework.

    Magu had set up a committee comprising former officials of the Central Bank of Nigeria and other financial institutions to help reposition the unit.

    The EFCC, in a statement by its spokesman, Mr. Wilson Uwujaren, said, “The committee which has members drawn from law enforcement, financial and regulatory agencies is chaired by Dr. Abdullahi Shehu, a former Director-General of the Inter-Governmental Action Against Money Laundering in West Africa.

    “Other members of the committee are Mr. Chidi Chukwuka from the Nigeria Deposit Insurance Corporation; Mr. Bamanga Bello, Head of the Special Control Unit against Money Laundering; Hajia Jamila Yusuf of the Central Bank of Nigeria; Mr. Udofia Obot, a former Deputy Director, CBN; while Mrs Joke Liman of the EFCC is to serve as secretary.”

  • EGMONT Suspension: Senate passes Bill to separate NFIU from EFCC

    The Senate on Thursday passed into law a bill, which seeks to make the Nigerian Financial Intelligence Unit (NFIU) autonomous.

    TheNewsGuru.com reports that the bill was presented on the floor of the Senate seven days ago.

    The NFIU bill becomes the fastest passed by the Eighth Senate since its inauguration on June 9, 2015.

    TheNewsGuru.com reports that the when the bill receives concurrence from the House of Representatives and assented to, the NFIU will cease to be a department of the Economic and Financial Crimes Commission (EFCC).

    The accelerated treatment given to the bill may have been informed by the suspension of Nigeria by Egmont Group of Financial Intelligence Unit.

    TheNewsGuru.com reports that the NFIU bill was passed against strong opposition mounted by the EFCC.

    The Senator Chukwuka Utazi-led Senate committee on Anti-Corruption and Financial Crimes was said to have held a public hearing on Wednesday, where the EFCC strongly opposed the passage of the bill.

    Director of NFIU Francis Oka-Phillips Usani, who was said to have attended the public hearing, was quoted as opposing the bill.

    Usani was said to have told the committee that the Egmont Group did not ask Nigeria to set up the intelligence unit as an agency.

    The NFIU boss was said to have explained to the committee that the unit was part of anti-graft agencies in parts of the world.

    He was said to have added the unit had generated intelligence information for security agencies.

    Usani, it was learnt, said that there might be a serious crisis that may force the Egmont Group to expel Nigeria if the Senate went ahead to create a full-fledged agency for NFIU.

    The Senate appeared to have received the committee’s report ahead of the public hearing.

    Deputy Senate President Ike Ekweremadu, who presided when the bill was considered and passed, noted that when signed into law, the bill would strengthen the anti-corruption war.

    Ekweremadu said the international community would begin to take Nigeria seriously on the anti-graft war.

    He stated that with the passage, the suspension of Nigeria by Egmont Group will be lifted.

    Ekweremadu said: “I like to thank all of us for making sure that we passed this bill. This is a step towards fighting corruption in Nigeria. I hope the international community will take us seriously and lift the suspension. We want to ensure that there is no undue control over the activities of NFIU. What we have done is in consonant with what is done in other parts of the world.”

    Adopting a motion last Wednesday, the Senate resolved to pass a law creating a substantive and autonomous NFIU and make the unit legally and operationally autonomous with powers for the employment, reward, training, promotion and discipline of its workforce independently.

    Chairman, Senate Committee on Media and Public Affairs Senator Aliyu Sabi Abdullahi had while briefing Senate Correspondents, explained that the Senate was committed to enacting the law in good time to boost the anti-corruption fight of the Federal Government.

    Abdullahi said if properly reorganised, the agencies that would benefit from the activities of the Egmont Group will include the Central Bank of Nigeria (CBN), the Nigeria Customs Service (NCS), the Independent Corrupt Practices and other related offences Commission (ICPC), the Economic and Financial Crimes Commission (EFCC), the Nigeria Immigration Service (NIS), the Federal Inland Revenue Service (FIRS), the Securities and Exchange Commission (SEC) and many other relevant government agencies.

     

  • Diezani $1.7b deals: EFCC sends more proof to UK

    UK, US, EFCC to harmonise investigations

    Indications emerged over the weekend that Two Economic and Financial Crimes Commission (EFCC) has filed more evidence to the United Kingdom in the investigation of former Petroleum Resources Minister Diezani Alison-Madueke.

    TheNewsGuru.com gathers that two of the anti-graft’s agency’s officials over the weekend travelled to the UK in pursuit of the case to further nail the former petroleum minister.

    Mrs. Alison-Madueke’s latest trouble borders on the uncovering of $1.7billion contracts involving her and two business associates.

    Mrs Alison-Madueke, who has temporarily forfeited some assets, may lose five more as the assets are now under verification.

    The anti-graft agency is also investigating the ex-minister on the whereabouts of $15.8billion NLNG dividends.

    She is being investigated alongside some former officials of the Nigerian National Petroleum Corporation (NNPC) and the Nigerian Petroleum Development Company (NPDC), which is the upstream arm of the NNPC in charge of oil exploration and production.

    But the United States, the UK, the EFCC and other agencies in some jurisdictions may harmonise the investigations.

    A source in EFCC said: “You know the Department of Justice (DOJ) in the United States released the details of the underhand deals surrounding the oil contracts bordering on the implication of the ex-Minister and two associates -Chief Jide Omokore and Kola Aluko.

    What the DOJ released was just a fraction of corruption-related allegations against Mrs. Alison-Madueke. More revelations will soon be out from the EFCC and after the outcome of the investigation by the National Crime Agency( NCA) in the UK.”

    Responding to a question, the source added: “The EFCC has gone far in probing the whereabouts of about $15.8billion NLNG dividends between 2000 and 2014.

    In an audit report sent to EFCC by the Nigerian Extractive Industry Transparency Initiative( NEITI), it was indicated that ‘it is doubtful if the entire $15.8 billion due from 2000 to 2014 is still intact’.

    The funds were neither paid into the Consolidated Revenue Fund of the Federation nor the Federation Account.

    Also, about $7.85 billion out of the dividends was allegedly withdrawn in 2011 under the guise of funding Brass LNG Project.”

    Five more choice properties belonging to the former minister are said to have been identified.

    We are trying to verify these assets and they will soone be confiscated in line with Section 7 of the EFCC Act,” another source, lwho pleaded ,not to be named so as not to jeopardise the investigation said.

    Section 7 states: “The commission has power to (a) cause any investigations to be conducted as to whether any person, corporate body or organisation has committed any offence under this Act or other law relating to economic and financial crimes.

    (b) Cause investigations to be conducted into the properties of any person if it appears to the commission that the person’s lifestyle and extent of the properties are not justified by his source of income.”

    Sections 28 and 34 of the EFCC (Establishment Act) 2004 and Section 13(1) of the Federal High Court Act, 2004 empower the anti-graft agency to invoke the Interim Assets Forfeiture Clause.

    Section 28 of the EFCC Act reads: ‘Where a person is arrested for an offence under this Act, the Commission shall immediately trace and attach all the assets and properties of the person acquired as a result of such economic or financial crime and shall thereafter cause to be obtained an interim attachment order from the Court.’

    Section 13 of the Federal High Court Act reads in part : “The Court may grant an injunction or appoint a receiver by an interlocutory order in all cases in which it appears to the Court to be just or convenient so to do.

    (2) Any such order may be made either unconditionally or on such terms and conditions as the Court thinks just.”