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EFCC 2024: A Record-Breaking Year in Cybercrime Busts, Asset Recovery, and High-Profile Trials
In 2024, the Economic and Financial Crimes Commission (EFCC) achieved unprecedented milestones in asset forfeiture, prosecution, and conviction, marking the most successful year in its 22-year history. Under the leadership of EFCC Executive Chairman Mr. Ola Olukoyede, the commission set new records, with significant strides in institutional innovations.....KINDLY READ THE FULL STORY HERE▶
The EFCC recorded an impressive 4,111 convictions, following an astounding 12,928 investigated cases, of which 5,083 were brought to court. Some of the arrests and forfeitures were especially notable. On December 10, 2024, the commission apprehended a syndicate of 792 cryptocurrency investment and romance fraudsters in Lagos, uncovering an operation involving foreign masterminds. Over 400 computers, 500 SIM cards, and other significant cybercrime tools were seized.
Asset recovery reached new heights in 2024, with the EFCC securing a forfeiture order for a vast property in Abuja, covering over 150,000 sqm and containing 753 duplexes. The commission’s cash recovery amounted to N364.6 billion and $214.5 million in foreign currencies, along with over 13 Bitcoins and several other digital assets.
The EFCC’s anti-corruption efforts also led to notable cases, including the final forfeiture of assets linked to individuals such as Anthony Hassan, and the recovery of numerous vehicles, electronics, land parcels, and shares. The commission also launched a special task force to combat naira abuse and the dollarisation of the economy, achieving notable successes in securing convictions, including high-profile individuals like Bobrisky and Cubana Chief Priest.
In terms of fraud prevention, the EFCC introduced multiple innovative measures, such as the reintroduction of the Inter-faith Manual to combat corruption, the establishment of a Cybercrime Rapid Response Centre, and the creation of a Department of Fraud Risk Assessment. These initiatives have contributed to strengthening the commission’s prevention strategies.
The EFCC’s enforcement efforts also saw the investigation and prosecution of high-profile figures, including former governors and ministers, in cases involving billions of naira and dollars in alleged fraud. These cases, which include former governors Abdulfatah Ahmed and Willie Obiano, as well as former Minister Hadi Sirika, demonstrate the EFCC’s relentless pursuit of justice in high-profile financial crime cases.
The year also saw the inauguration of EFCC Radio 97.3FM, a first in anti-corruption advocacy, and the establishment of the Cybercrime Research Centre, aimed at advancing research and capacity building to combat cybercrimes in Nigeria. These developments reflect the EFCC’s ongoing commitment to combating corruption and financial crimes in Nigeria.
With the commission expanding its reach through new directorates and continued focus on cutting-edge anti-corruption strategies, the EFCC is poised to continue its critical role in safeguarding Nigeria’s financial integrity.
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3. “Donald Duke is Better Than All Of Them”: Baba-Ahmed Explains Why PRP Is Shaking Up The 2027 Race!
The National Chairman of the People’s Redemption Party (PRP), Dr. Hakeem Baba-Ahmed, has asserted that the party is exceptionally fortunate to feature former Cross River State Governor, Donald Duke, as its presidential candidate for the upcoming 2027 general elections.....KINDLY READ THE FULL STORY HERE▶
A Strong Endorsement for Donald Duke
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Surpassing Competitors: Speaking during an interview, Baba-Ahmed confidently stated that, candidate for candidate, Donald Duke outperforms all other presidential contenders currently in the political space.
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Integrity and Capability: He described Duke as part of a visionary leadership blueprint aimed at thinking critically, restoring national dignity, exhibiting true integrity, and offering young Nigerians a leadership style they can genuinely look up to.
The Strategic Push for an Opposition Coalition
Despite possessing what he considers the superior candidate, Baba-Ahmed explained why the party is actively championing a broader political alliance:
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Consensus Over Ego: The PRP chairman emphasized that the party’s push for a mega-coalition is driven by consensus and constitutional processes rather than forcing Duke’s candidacy through on profile strength alone.
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Defeating Fault Lines: Framing the 2027 election as a critical turning point for the nation, Baba-Ahmed noted that the stakes go far beyond individual party ambitions. The coalition aims to unite likeminded opposition forces to rescue Nigeria from its current trajectory and bridge its deep fault lines.
Norway national team manager Ståle Solbakken has firmly denied allegations that Manchester City pressured him to shield star striker Erling Haaland from questions concerning the club’s financial breach case during international duty.....KINDLY READ THE FULL STORY HERE▶
Media reports had previously claimed that club officials intervened behind the scenes to restrict Haaland’s media exposure. However, speaking to TribalFootball, Solbakken rejected these accusations entirely, emphasizing that Manchester City had no influence over his handling of media duties. He noted that the last time he ever discussed media matters with the club was during Haaland’s transition from Borussia Dortmund to Manchester City.
Key Highlights from Solbakken’s Statement
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Solbakken labeled the rumors a “lie,” stating that such claims compromise his personal integrity and his commitment to honesty with the national team.
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The manager clarified that the choice to exempt Haaland from specific media obligations was entirely his own decision, made without informing or consulting either Haaland or Manchester City.
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Expressing frustration over persistent club-level controversies overshadowing international windows, Solbakken urged journalists to focus on Haaland’s athletic performance on the pitch rather than fabricated cover-up stories.
Nigeria’s Minister of Regional Development, Engr. Abubakar Momoh, has called on African engineers and governments to adopt stronger engineering standards, prioritise regular maintenance and deepen regional cooperation in developing infrastructure capable of meeting the continent’s growing needs.....KINDLY READ THE FULL STORY HERE▶
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