GIABA, EFCC Sign Technical Support MoU
The Economic and Financial Crimes Commission, EFCC and the Inter-Governmental Action Group against Money Laundering in West Africa, GIABA on Wednesday, March 6, 2013 signed a Memorandum of Understanding that will see GIABA provide technical assistance to the Commission in furtherance of its mandate of fighting economic crimes and corruption. Speaking at the signing ceremony which took place at the Commission's headquarters in Abuja, the Director- General of GIABA, Dr Abdullahi Shehu said the technical support his organization is offering the EFCC should be able to strengthen its capacity in the area of investigation and diligent prosecution with a view to increasing the number of convictions.
EFCC Raises Alarm over Spoofing, Arraigns Two Fraudsters for Hacking Aturu’s E-mail
The Economic and Financial Crimes Commission has raised alarm over the rising incidences of e-mail spoofing and account takeover by suspected fraudsters. The trend which targets influential personalities in government, the professions and the private sector has assumed a frightening dimension in recent time with not a few people losing their e-mails to the fraudsters who deploy the accounts to various nefarious ends; including soliciting funds from friends and acquaintances of the owners of the accounts.
Atuche : Witness Denies Company’s Request for Loan from Bank PHB
A principal prosecution witness recalled by a Lagos High Court sitting in Ikeja, in the on-going trial of former managing director of Bank PHB, Francis Atuche, on Monday, March 4, 2013, disowned a resolution of Future View Securities Limited's board purportedly presented as evidence of a request for a loan from the defunct Bank PHB (now Keystone Bank). The witness, Mrs. Elizabeth Ebi, explained to the court that her company, Future View Securities Limited never pass a resolution requesting a loan from the defunct bank.