Deji Abiola, second son of the Late M.K.O Abiola appeared before a Lagos State High Court over a N35m fraud charge, today.
He secured a bail in the sum of N2m, but remained in the custody of the Economic and Financial Commission pending the perfection of his bail conditions.
Bishop David Oyedepo, founder of Winners Chapel International is the richest pastor in Nigeria worth 150 million dollars.
Pastor Chris Oyakhilome of Christ Embassy second whiles T.B Joshua of Synagogue Church Of All Nations came third. Below is the full list.
1. Bishop David Oyedepo
Affiliation: Living Faith World Outreach Ministry, aka Winners Chapel
Estimated net worth: $150 million
2. Chris Oyakhilome
Church: Believers’ Loveworld Ministries, a.k.a Christ Embassy
Estimated net worth: $30 million – $50 million
3. T.B Joshua
Church: Synagogue Church Of All Nations (SCOAN)
Estimated net worth: $10 million – $15 million
4. Matthew Ashimolowo
Kingsway International Christian Centre (KICC)
Estimated net worth: $6 million – $10 million
5. Chris Okotie
Church: Household of God Church
Net worth: $3 million -$10 million
Source: nigeriafilms
Nigeria falls among the top 10 countries of global internet fraud, according to a report published by the Internet Crime Complaints Centre (IC3) Report for 2010.
Nigeria is at the third position and the report was indicative of the extent and nature of internet fraud in the country.
The top 10 countries, according to the report, are United States of America, the United Kingdom, Nigeria, China, Canada, Malaysia, Spain, Ghana, Cameroon and Australia.
The objectives of the study were to identify the types and causes of internet fraud in the countries and assess its effect on the nations.
Internet fraud refers to any type of fraudulent scheme that uses one or more components of the internet such as chat rooms, email, message boards and websites to present fraudulent solicitations to prospective victims, or to transmit the proceeds of fraud to financial institutions or to others connected to the internet. (more…)
The Movement for Revolutionary Change (MRC) www.movementforrevolutionarychange.org has petitioned the Economic and Financial Crimes Commission over the purchase of official cars and equipments at given away prices by members of the sixth National Assembly. The Group urged the commission to arrest and prosecute all persons that approved and benefited in the economic crimes within seven days.
MRC commended the EFCC for arresting the outgoing Speaker of the Federal House of Representatives, Mr. Dimeji Bankole over alleged financial impropriety, the MRC urged the body to investigate Bankole’s whole in the saga while the outgoing Speaker is still in their custody.
The full text of the petition is below: (more…)
Nigeria’s anti graft agency the Economic and Financial Crimes Commission (EFCC) has arraigned former Minister of Works Dr. Hassan Muhammad Lawal and 15 others on a 25-count charge of fraud and money laundering.
Lawal was initially the former Minister of Labour and Productivity from 2004 to December 17, 2008 and was appointed Minister of Works and Housing on December 17, 2008 after a cabinet reshuffle by the late President Umaru Musa Yar’Adua. He left office in March 2010, when then Acting President Goodluck Ebele Jonathan dissolved the federal cabinet.
The identity of those being arraigned alongside the former Minister in Charge number FHC/ ABJ/ CR/ 38/2011 are Dr. Adeogba Godwin Ademola, Digital Toll Company Ltd, Okala Phillip Yakubu, Thahal Paul, Swede Control Interlink Ltd, Proman Vital Ventures Ltd, PEB 04 Nigeria Ltd, Lassa Ltd, Odomac Nig Ltd, Nuirda Ltd, Hillel Gilboa, Siraj Nig Ltd, Geographical Information System, Wise health Services Ltd and Dave Enejoh.
The Nigeria Football Federation (NFF) has not been able to pay the new National Football team coach Samson Siasia a salary advance of 12 million naira (US$80,000) because the accounts of the federation remain frozen by the anti-graft Economic and 
Financial Crimes Commission (EFCC). That has made it impossible for the federation to meet its financial obligations to the coach, who is on a salary of 5 million naira per month (US$33,000). ‘We don’t have the money to pay him yet because our accounts remain frozen,” the football website mtnfootball.com reported Sunday, quoting a top NFF board member.
‘We have discussed with him and have told him that as soon as we are in a position to do so, he will get his money.’ Under the agreement signed between the NFF and the coach two weeks ago, he was to be paid a salary advance of 12 million naira 1 Dec., which he will then refund at the rate of 1 million naira (US$6,700) per month, to be deducted directly from his salary.
Ecoomic and Financial Crimes Commission (EFCC) has slammed charges on former American vice president Dick Cheney, others over allegations to bribe Nigerians in Halliburton scandal. David Lesar, Halliburton executive officer admitted few years back to bribing Nigerian officials with N180m to secure Bonny Island project dating to the 1990s but has said that current contracts are not involved.
Ibraham Galadima
Ibrahim Galadima, former Nigeria Football Federation (NFF) chairman to try out for vacant spot in Confederation of African Football (CAF) executive committee.
The Chairman of the Police Service Commission Mr.Alley Osaya, has described the Economic Financial Crimes Commission (EFCC) and the Independent Corrupt Practices with other related commissions (ICPC) as “white elephant and incompetent outfits’.
Speaking in Uyo, the Akwa Ibom State Capital ,Osaya, said some funds that could have been used to strengthen the Police in the country are being expended on the two agencies.
Okey Nwosu, Former Managing Director of Finbank Plc
A Federal High Court sitting in Lagos has granted permission to former Managing Director of Finbank Plc, Okey Nwosu and a Director in the bank, Dayo Famoroti, to travel abroad for medical checkup and business dealings.
The Presiding judge-Justice Dan Abutu ,while ruling on the two accused person applications for leave to travel outside the country during their trial also ordered that they must be back in the country two clear days before the next proceedings.
Also, during yesterday’s proceedings, counsel to the EFCC, Rotimi Jacobs told the court that the charges against the accused persons have been amended in line with the ruling of the court where some charges against them were nullified.
On counts 39 to 86, the court held that the penal provision for the counts were not disclosed, adding that the major error offends section 159 (1) (2) (3) and (4) of the Criminal Procedure Act (CPA) and Section 36 of the Constitution. (more…)
