EFCC Raids Club 57 In Ikoyi, Arrests 12 ‘Yahoo Boys’

The Economic and Financial Crimes Commission (EFCC) Lagos Zonal office, on Friday, May 11, arrested over 12 suspected internet fraudsters popularly known as ‘Yahoo Boys’ during a raid Club 57 in the Ikoyi area of Lagos.


The agency confirmed the raid in a statement on its Facebook page.

The apex anti-graft commission said: “EFCC operatives stormed the popular Club 57 on Awolowo Way, where the suspected “yahoo yahoo boys” were rounded up, following intelligence report.”

“While some of the suspects abandoned their exotic cars to avoid arrest, some others put up resistance, thereby turning the environment into a war-like zone of sorts.

“However, a total 10 cars were recovered from the suspects during the raid that lasted about three hours.

“The suspects will soon be charged to court when investigations are concluded”.

The statement it also issued on Twitter reads:

“Acting on intelligence report of activities of suspected Internet fraudsters. While some abandoned their exotic cars to evade arrest, some others resisted. 12 suspects were arrested, with 10 cars recovered.”


EFCC has recovered N17billion in four months – Magu

The acting Chairman of the Economic and Financial Crimes Commission (EFCC), Ibrahim Magu, has disclosed that they have recovered over N17billion in the last four months.
Magu stated this, while speaking at the 2017 Association of National Accountants of Nigeria (ANAN) Week/Award Day on Saturday at the FCT Archive Building, Abuja.
The Acting EFCC chairman said the anti-graft agency recovered N521,815,000.00, $53,272 747.00, £122,890.00, and €547,730.00.
Magu also revealed that the commission recorded 62 convictions in the first quarter of the year.
“Apart from several other recoveries running into several billions of naira, the recent whistleblower policy has led to the recovery by EFCC of N521,815,000.00, $53,272 747.00, £122,890.00, and €547,730.00,” he said.Ibrahim-Magu_0


Seized N13bn: Osinbajo’s panel shelves plan to invite Jonathan

The committee set up to investigate the suspended Director General of the National Intelligence Agency , Ambassador Ayo Oke, and the suspended Secretary to the Government of the Federation , Babachir Lawal , has shelved plans to invite former President Goodluck Jonathan , SUNDAY PUNCH has learnt .
The committee, which is led by Vice -President Yemi Osinbajo, also has the Attorney General of the Federation , Abubakar Malami ( SAN ) , and the National Security Adviser, Babagana Moguno , as members.
Part of the tasks of the committee is to investigate why the NIA kept $ 43 . 4 m , N23 m and £ 27 , 000 ( N13 bn) in a house in Ikoyi. The money was seized by the Economic and Financial Crimes Commission , based on a tip- off from a whistle – blower .
The PUNCH had reported on Friday that the suspended NIA DG had informed Osinbajo and the NSA that the money , which was originally , $ 289 , 202 , 382 , emanated from the National Petroleum Investment Management Service on February 25 , 2015 , based on the instruction of then President Goodluck Jonathan .
Following the revelation , there were reports that the panel would invite Jonathan to understand the rationale behind the transaction , following allegations by the EFCC that the money was meant for the prosecution of the 2015 presidential election.
Jonathan ’ s media aides have since refused to comment on the matter .
However , an impeccable source within the Federal Government told one of our correspondents that Jonathan would not be invited .
The source , who wished to remain anonymous because of the sensitivity of the case , told our correspondent that this was not the first time that Jonathan ’ s name had featured in a probe .
He explained that he was deliberately being left out for political reasons.
The source said , “ We have carried out several probes, including the $ 2 . 1 bn arms scam involving the (former ) service chiefs and the former NSA , Col . Sambo Dasuki ; we have probed the $ 1 . 3 bn Malabu scam involving the former AGF , Mohammed Adoke ( SAN ) , as well as dozens of other investigations.
“ In all of these , the persons involved have all claimed to have received approval from Jonathan . But inviting or prosecuting a former President has a lot of implications . ”
Also , another source familiar with the work of the committee told Sunday PUNCH on Saturday on condition of anonymity that it was unlikely that Jonathan would be invited over the matter .
The source said , “ I can tell you that it is most unlikely that the committee will question the former President .
“ Firstly, a former President cannot be treated that way . We are not talking about criminal prosecution here . But in this kind of case , he will be treated with the respect he deserves .
“ Secondly, that he approved the money in itself is not a crime . The concern of the committee will be about what the money was used for after approval .
“ It is possible for security agencies to seek approval for money and state the purpose . It is another thing for them to spend the money on the purpose for which it was approved . ”
The source however added that if Jonathan of his own volition offers to assist investigation by providing helpful information through back channels, such information would be appreciated.
There were reports last week that Jonathan ; the Governor of the Central Bank of Nigeria , Godwin Emefiele; and the EFCC Chairman , Ibrahim Magu , would be questioned by the presidential panel to answer questions on the recovered N 13 bn.
According to the reports , the panel would contact the former President and arrange a convenient way to meet him , rather than invite him .
Osinbajo committee to invite gov ’ t officials , individuals – Presidency
Meanwhile , the Presidency on Saturday said the presidential committee set up by Buhari to investigate Lawal and the suspended Director – General of the NIA would invite relevant government officials and private individuals connected to both cases.
The Senior Special Assistant to the Vice President on Media and Publicity , Mr . Laolu Akande, disclosed this in a statement made available to journalists .
Akande said the committee would also obtain and scrutinise documents that may shed more light on the issues raised in both cases.
He said the committee, which had started work in earnest , would be holding its proceedings behind closed doors to allow full disclosure .
The statement read , “ The Presidential Committee set up earlier this week by President Muhammadu Buhari to probe certain allegations against the Secretary to the Government of the Federation , Mr . Babachir Lawal , and the Director General of the National Intelligence Agency , NIA, Mr . Ayo Oke, has commenced its work in earnest .
“ In the discharge of its work, the panel is expected to invite all relevant officials and private individuals who may be connected to both cases . It will also obtain and scrutinise documents that may throw some light on the issues raised in both cases.
“ All its proceedings will however be in closed sessions to avoid speculations , allow for full disclosure and enhance pace of work.
“ The panel , which is expected to submit its report to the President at the expiration of the 14 – day deadline , will conduct its work with utmost diligence and without fear or favour. ”Goodluck-Ebele-Jonathan-


Tomato seller claims ownership of N250m cash found in Balogun market

Following the controversies rocking the nation over huge amount of cash recovered by the Economic and Financial Crimes Commission (EFCC), a man has reportedly shown up at the Lagos office of anti-graft agency claiming ownership of the N250 million found at the Balogun Market, Lagos, on Monday, April 10.  EFCC source who did not want to be named informed Tribune that “a man came on Wednesday claiming the money belonged to him and that it was the proceeds of his trade in tomatoes.”

“We asked him what business fetched him the money, the man said he deals in bringing tomatoes from the North to sell in Lagos. We asked him why he did not put the money in bank, he said he does not use banks. Meanwhile the money is in bales with bank wrappers bearing stamps dated as recent as 6th April, 2017. A man who sells tomatoes is claiming ownership of the N250 million found at the Balogun Market, Lagos, on Monday, April 10. “The man was arrested, his statement taken but has been given an administrative bail as investigations continue,” The source also said that the money had been deposited with the Central Bank. As at the time of this report EFCC spokesperson in Lagos, Sammin Amadin, was yet to make a statement.


Buhari has lied to Nigerians about his achievements – PDP

The Peoples Democratic Party (PDP) has come down hard on President Muhammadu Buhari saying he lied to Nigerians with his claim that his government has fulfilled its campaign promises in just two years. While praying to God to allow the sacrifice of Jesus Christ to continue to guide Nigerians and help the country overcome the spirit of lies, deceit and betrayal, the party said: “We read with rude shock and utter dismay, the President Muhammadu Buhari’s Easter message to Nigerians and of particular interest is the paragraph that said: ‘In the almost two years of this administration, we have worked hard to meet the expectations of Nigerians by improving security, especially in the North-East, sustaining the campaign against corruption and have taken steps to revitalize the economy’. Really? “These comments from Mr President are to say the least untrue and an insult to the intelligence of Nigerians who have been at the receiving end of his government’s mismanagement in the last two years,” the party said in a statement issued by Prince Dayo Adeyeye, the spokesperson of the Ahmed Makarfi faction.

The PDP says former President Buhari handed over a buoyant economy to Buhari On security, the PDP noted how former President Goodluck Jonathan made efforts to conquer Boko Haram and procured equipment despite stiff resistance from some of the western powers to sell weapons to Nigeria. This breakthrough, the party said, led to the successful dislodgment of the terrorists before the March 28, 2015 elections. “Nigerians can testify to the gallant display by the Nigerian Armed Forces that allowed elections to take place in virtually all the wards and local government areas of Borno, Adamawa, Kebbi and Gombe states, respectively.

“The result of the election from these states gave President Buhari the edge in the election. APC governors and officials who routinely condemn President Jonathan’s anti insurgency effort conveniently forgot that without the relative peace in those states at the time, there would have been no elections from which they could emerge as governors,” the party said adding that most of the achievements being claimed by Buhari were transferred by Jonathan. Concerning corruption, the party said the president actually failed despite the alleged success it has achieved in the fight. Dayo Adeyeye said the president lied to Nigerians “As we have mentioned in our previous statements, any war on corruption that is selective and targeted at humiliating only leaders and other members of the opposition is a total failure. “The entire anti-corruption war of the APC since inception is just in the media with only one conviction. Many of the cases in courts have been set aside and suspects discharged and acquitted while others are in EFCC and DSS detention centers without trial against their fundamental human rights as enshrined in the constitution of the Federal Republic of Nigeria.

“The latest drama in town is the circus show of the discovery of huge sums of money of various currencies and denominations on daily basis without any trace of the owners. “The most absurd of this charade is the macabre dance on the so called $43,449,947, £27,800 and N23,218,000 purportedly recovered at an apartment in Osborne Street, Ikoyi, Lagos.

“The government is at the crossroad as the whistle-blower and the EFCC are now shying away from telling Nigerians who owned the monies because undeniable evidence links the monies to the proceeds from the sale of turbines by the former governor of Rivers state and now minister of Transport, Hon Rotimi Amaechi. “It has also been revealed that part of that proceeds was used by Mr. Amaechi to prosecute the campaigns of the APC in 2015,” the party said. The party recalled how Jonathan’s government grew the economy from a GDP of $270.5 billion in 2009 to one of $574 billion and how the party handed over a single digit inflation which is now 17.26 percent.

“The recession we are experiencing today in the country is as a result of the failure of the APC-led administration to properly manage our economy. “The Buhari government is indeed clueless and had no economic plan until March 2017 when it launched the so-called recovery plan. The economy is at a standstill. “Major infrastructural developments that began with the previous administrations of the PDP have been abandoned. Power generation dwindled from over 5,000MW in 2015 to the present all-time low of less than 2,000MW. “The only project of note that this government has ever commissioned is the Abuja- Kaduna railroad which was 99 percent completed by the PDP administration,” the party said.


PDP condemns APC’s disobedience of court orders

The Ahmed Makarfi-led caretaker committee of the People’s Democratic Party (PDP) has accused the All Progressives Congress (APC) led federal government of running Nigeria like a gestapo state. According to the PDP, Nigeria is fast drifting into a dictatorship and possible anarchy under the Buhari administration. This was contained in a statement distributed to the media by the party’s spokesman, Prince Dayo Adyeye.

PDP factional chairman, Alhaji Ahmed Makarfi The PDP lamented that prominent individuals that held public office in the last administration are being arrested and detained indefinitely without trial.

“For instance, the former governor of Benue state, Mr Gabriel Suswam was arrested by men of the Directorate of State Services (DSS) and has been in detention for over two months now without trial. “Also, the former governor of Niger state, Dr Babangida Aliyu was arrested on April 5, 2017 by officers of the Economic and Financial Crime Commission (EFCC) and like the others, he has been in detention and yet no case has been filed against him in any court by the anti-graft agency. “Former National Security Adviser (NSA), Colonel Sambo Dasuki has been in custody for about two years now without trial.

Similar brutality, arrest and mindless detention went on with other PDP leaders and members that were arrested by either the DSS or the EFCC. “It is also very clear in the Constitution of Nigeria that no security agency has the right or power to detain suspects more than 48 hours without trial. “Ironically, while former leaders and members of the PDP are being arrested indiscriminately and detained without trial, other former office holders of the ruling APC who have been accused of various corrupt practices are yet to be arrested.

Instead, they are compensated with juicy ministerial appointments -double standards. “We are in a constitutional democracy and as such, the present APC administration must lead by example and obey court orders. It is on record that most of these suspects have been granted bail by the courts of the land and the ECOWAS Court in the case of Col. Sambo Dasuki .This is sheer lawlessness!” The PDP accused the Buhari-led government of not respecting laid down rules .

The statement reiterated that the PDP is not against the anti-corruption campaign of the federal government, but warned that the Buhari administration must follow due process in dealing with issues of corruption as the PDP did during its governments. The party also called on the government to charge all those in detention to court and those grant bail to those the courts have freed. The party vowed to deploy all constitutional means both domestic and international to seek redress against what it described as gestapo rule, adding that Nigerians are fed up with the undemocratic rule of the APC-led government. “We advise this government to stop forthwith; all actions that tend to heat up the system and push citizens into taking extreme measures in self defence. “The economic hardship brought upon Nigerians by APC misrule is bad enough, abridging the people’s rights on top of that is like adding salt to injury”, the statement added. Meanwhile, the youth wing of the PDP has said that factional leader Senator Ali Modu Sheriff must tender an apology to Ex-President Goodluck Jonathan. The call comes on the heels of an incident in which Sheriff walked out on Jonathan at a peace meeting in Abuja recently.