News
We have uncovered N70bn fuel subsidy fraud – says EFCC boss, Bawa
Abdulrasheed Bawa, Chairman of the Economic and Financial Crimes Commission, EFCC, has said the anti-graft agency uncovered about N70 billion fraud carried out through the Federal Government’s fuel subsidy programme.
Bawa disclosed this during a chat with newsmen at the Ikeja High Court in Lagos State on Wednesday.
The EFCC chairman had appeared at the court and testified in a fuel subsidy trial involving an oil firm, Nadabo Energy.
Speaking to newsmen, he disclosed that the commission would continue to rigorously pursue all its cases in court.
Bawa said: “We have identified fraud of about N70 billion perpetrated through the fuel subsidy.
“So far the commission has recovered N20 billion from the N70 billion and we are working to recover the rest.
“Yes, we are worried about the slow pace of some of the fuel subsidy cases we charged to court since 2012, when investigations were concluded.”
Bawa was recently confirmed as the head of the anti-graft agency by the Senate.
His confirmation followed his nomination by President Muhammadu Buhari.
2022 World Cup: Saudi Arabia beat Argentina 2-1
Saudi Arabia recorded the first major upset of the World Cup as they beat Argentina 2-1 in their opening game...
2023: Lai Mohammed accuses opposition parties of using fake news in campaigns against APC
The Federal Government has accused opposition parties of using fake news and disinformation to prosecute the campaigns towards the 2023...
Twitter Restores Donald Trump’s Account
Microblogging service Twitter has reinstated former United States President Donald Trump’s account. The account was restored after Twitter’s new owner...
How Sabinus scammed me of N2m – Event planner cries out
An event planner, Johnbosco Ezeuchegbu aka Crazylegs, on Friday called out a popular comedian, Chukwuemeka Emmanuel, also known as Sabinus,...
Identity Of Humanitarian Worker Killed By Trigger-Happy Soldier Revealed
The identity of the humanitarian worker shot by a soldier in Damboa Local Government Area of Borno State has been...
Ghana finance minister apologises for economic hardship
Ghana’s Finance Minister Ken Ofori-Atta on Friday said he was “truly sorry” for the country’s economic hardships but defended himself...
Youth minister confirms sack of NYSC DG
The Minister of Youth and Sports Development Sunday Dare has confirmed the removal of the Director-General of the National Youth...
Naira redesign: Give us more time – Miyetti Allah cries out to CBN
The leader of the Miyetti Allah Cattle Breeders Association of Nigeria, MCBAN, South-East Chapter, has appealed to the Central Bank of...
We’ll dialogue with IPOB, others – Tinubu
All Progressives Congress (APC) presidential candidate, Asiwaju Bola Ahmed Tinubu has said his government will discuss with all agitating groups...
Buhari fires DG NYSC 6 months after assuming office
President Muhammadu Buhari has approved the immediate removal of Brigadier-General Muhammad Kukah Fadah, from office as the Director General of...