The Economic and Financial Crimes Commission (EFCC) has formally instituted criminal charges against former governor of Bayelsa state, Timipre Sylva, for laundering close to N5 billion of funds belonging to Bayelsa state.
The charges filed by EFCC prosecuting attorney Festus Keyamo accused Mr. Sylva of money laundering, conversion and obtaining by false pretense.
Mr. Sylva has just ended a grueling political battle with president Goodluck Jonathan regarding his candidacy…
ABUJA — An Abuja High Court, yesterday, gave the Independent Corrupt Practices and Other Related Offences Commission, ICPC, the nod to arraign former Inspector General of Police, Mr Sunday Ehindero, over allegation that he misappropriated about N558 million belonging to the Nigerian Police Force.
Justice Mudashiru Oniyangi ordered Ehindero to appear for trial alongside a former Police Commissioner in-charge of Budget, Mr John Obaniyi, on June 28.
The duo will be answering to a…Continue
A major disagreement ensued between two major cabinet members in the President Goodluck Jonathan administration, on Thursday, as the two key ministers gave conflicting information on what would be the fate of oil marketers indicted in the probe of fuel subsidy regime by the House of Representatives. The Attorney-General of the Federation (AGF) and Minister of Justice, Mohammed Adoke, in a statement, declared that the culprits would not be prosecuted by the government based on the report of…Continue
Fuel subsidy corruption cost $6.8 billion in 3 years
* Report recommends petrol price regulator be indicted
* Marketers collected fuel subsidy but never delivered
By Camillus Eboh
ABUJA, April 25 (Reuters) - Nigeria's lower house of parliament approved a report on Wednesday recommending senior officials be prosecuted for their part in the corrupt fuel subsidy scheme that lawmakers said cost the country $6.8 billion over three years.
The probe was prompted…Continue