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EFCC opens case against Amosu, ex-Chief of Air Staff, others over N22.8 bn fraud

The prosecution on Thursday opened the trial of the alleged N22.8 billion fraud against a former Chief of Air Staff, Adesola Amosu and 10 others in a Federal High Court, Lagos. The accused are being prosecuted by the Economic and Financial Crimes Commission (EFCC) before Justice Mohammed Idris. They were arraigned on June 26 and had pleaded not guilty to the charges. The judge had granted them bail in the sum of N500 million each with two sureties each in like sum. At the resumed proceedings, counsel to the EFCC, Mr Rotimi Oyedepo, called his first witness, Mr Mojeed Olatunji, a compliance officer with Skye bank. Olatunji told the court that the Nigerian Air Force (NAF) had an account numbered 1750013097 with Skye Bank He said the account had as its signatories as at Jan. 28, 2014, Air CommodoreJ.B. Adigun, Air Commodore O.O. Gbadebo and Group Capt. B.O.G. Ifeobu He said that Adigun, Gbadebo and Ifeobu were those who had the mandate on the account and on who...

EFCC declares Goodie Ibru wanted for alleged capital market fraud and money laundering

The Economic and Financial Crimes Commission (EFCC) has declared Goodie Minabo Ibru wanted for alleged capital market fraud, money laundering and other fraud related offences.