Tag Archives: Corruption

EFCC arrests Nigeria Premier League boss

EFCC arrests Nigeria Premier League boss

Author: Tunde Eludini

The Economic and Financial Crimes Commission (EFCC) yesterday arrested Davidson Owumi, Chairman of the Nigeria Premier League board, over allegations of corrupt practices while he was in charge at Rangers International Football Club, Enugu.

Owumi was picked up from the NPL’s board meeting in Abuja and will be taken to Enugu today to respond to a petition filed by Ray Nnaji, a former member of the board of the NPL. Continue reading

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PRESS RELEASE:N5.2B REA Fraud; You Have A Case To Answer, Court Tells Ugbane

Hard-fighting former Senate committee chairman on power, Senator Nicholas Ugbane on Monday November 1st, lost a major bid to quash the amended 65 count charges preferred against him by the Economic and Financial Crimes Commission, EFCC, as an Appeal Court sitting in Abuja dismissed his suit seeking to quash the case against him. Ugbane filed an application before Justice Jimi Olukayode Bada claiming that, as a serving Senator with the privilege of immunity, the EFCC’s charges against him were ineffectual and could not establish a prima facie case against him. Continue reading

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Press Statement on the Recent Sacking at the NSE

Author: Festus Keyamo On Thursday, 5th August 2010, the Director General of the Securities and Exchange Commission (SEC), Ms. Arunma Oteh, and some of her senior staff, leading about 150 heavily armed security personnel (members of Mobile Police Unit of … Continue reading

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Cecilia Ibru forfeits N191bn assets, gets 18 months jail term

Author: Tony Amoleodo and Ademola Alawiye October 9, 2010 A Federal High Court in Lagos on Friday sentenced a former Chief Executive Officer of Oceanic Bank International Plc, Mrs. Cecilia Ibru, to 18 months imprisonment without an option of fine … Continue reading

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