Crime Facts

House summons FIRS over $30b revenue leakages

The House of Representatives Committees on Finance and Banking and Currency have summoned the Federal Inland Revenue Service (FIRS) to appear before them next Monday as investigation continues into $30 billion annual revenue leakages from 2004 to 2019. The leakages allegedly arose from payments on account of foreign currency denominated contracts by companies in engineering, […]

Auditor-General queries multibillion-naira irregularities in NPA accounts

The Office of the Auditor-General of the Federation has issued seven queries on the audited accounts of the Nigerian Ports Authority in 2017. The queries include standalone financial statements, non-current assets (depreciation, addition to fixed assets, property, plant and equipment, and interest in joint ventures), current assets (cash and cash equivalent, trapped fund in Enterprise […]

Magu’s Fate Hangs 5 Months After Salami Report

Ibrahim Magu’s fate remains uncertain five months after the submission of the report of the Justice Ayo Salami Judicial Panel of Inquiry on the former acting chairman of the Economic and Financial Crimes Commission (EFCC) to President Muhammadu Buhari. There have been concerns about the fate of Magu after the appointment and confirmation of Abdulrasheed […]

Reps Summon CBN Governor, Army Chief Over Arms Purchase

The Chief of Army Staff, Lieutenant General Ibrahim Attahiru, and the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, have been summoned to appear before an ad-hoc committee of the House of Representatives next month. Members of the ad-hoc committee, chaired by Olaide Akinremi, summoned both men on Monday after they failed to […]