Crime & Court
Bawa outlines his vision for the EFCC
The newly confirmed Executive Chairman of the Economic and Financial Crimes Commission, EFCC, Abdurasheed Bawa has revealed his vision for the anti graft agency.
The EFCC Chief promised to lead the anti- corruption agency by example and cut down discretion in the conduct of its affairs through institutionalizing a Standard Operating Procedure.
According to him,”What I envisage the EFCC to do is to ensure that we work on our own Standard Operational Procedure, to improve on our Standard Operational Procedures so much so that, all that is expected of us is written down somewhere in a document to curtail the use of discretion from the office of the Executive Chairman down to the ordinary investigator.
“We are looking forward to an EFCC whereby I as the Executive Chairman if I give an instruction to a junior officer, he will look at my face and say, Sir I understand your instruction but I will not be able to do it because of so and so Section governing the rules and regulations of the EFCC”.
He also stated that he was interested in establishing synergy with other law enforcement organizations, both nationally and internationally, and aggressively pursue the repatriation of seized assets.
“I have talked on the issue of synergy between the EFCC and sister security agencies in the country as well as the work I envisage to do together with our foreign strategic partners. We are going to work on that, we are going to strengthen it. The EFCC is not a lone ranger, we are going to reach out. The job of fighting economic and financial crimes is for everybody to be on board, and we will ensure that because we don’t have monopoly of knowledge.”
The new EFCC boss further expressed his desire to upgrade the skills of staff of the Commission through training, while also seeking the support of the lawmakers by way of appropriation.
In his words, “regarding the issue of repositioning, I have talked about processes and procedures and the law, but the backbone of every organization is its human resource. I hope and pray that we will still come back to this chamber for proper appropriation to enable us build the capacity of our staff at the EFCC and to meet up with the current challenges and new typologies of crime as well as trends in money laundering so that, at the end of the day, our vision of ridding this country of economic and financial crimes is actualized”.
On the vexed issue of management of recovered assets, the new EFCC Chairman said that going forward, the Commission will be more transparent and accountable, and ensure that finally forfeited assets are disposed of immediately instead of leaving them dormant.
He equally pledged to work with the Inter-Ministerial Committee on Disposal of Federal Government Forfeited Assets, to ensure the success of their assignment, while also pursuing a programme of digitalization to guarantee the fidelity of assets record.
“We have, of course, the lingering problem or issues bothering on management of assets, etc. We will embark on the digitalization of the processes in the EFCC. In essence, what I am saying is that we are going to embrace technology to enable us keep our records properly so that anytime Nigerians are asking questions, it will just be a matter of pressing a button”, Bawa continued.
In answer to a question, Bawa dispelled the allegation of illegally selling forfeited properties during his time as Head of the Port Harcourt Office of the Commission.
“I never sold a single truck at the Port Harcourt office, the head office handled that at the time.
“Anybody that is familiar with the processes of the EFCC knows that the chairman doesn’t have the power to sell an asset but the secretary of the agency. The former secretary and two directors came from the head office to conduct the sale”, he explained.
The EFCC boss assured that he would live to the expectation of the appointing authorities and teeming Nigerian youths who now look up to him as a model and ambassador.
“I am not unaware of the fact that my nomination has caused a lot of hope for millions of youths around the country, I want to state here that I am going to give them a good representation in the governance of this country so that at the end of the day, more youths will be given huge responsibilities in this country.
“Let me thank the President of the Federal Republic of Nigeria for finding me competent and deserving as the chairman of the EFCC and to also assure him and indeed Nigerians that the confidence he has in me will be proven beyond doubt at the end of my term in office,” he stated.
Bawa who is a certified fraud examiner and member of the prestigious America -based Association of Certified Fraud Examiners, and a Certified Anti-Money Laundering Specialist, has also been trained by the US Federal Bureau of Investigation, FBI and the UK National Crime Agency.
As the fourth executive chairman of the EFCC, he is the first core staff of the Commission to occupy the office.
By Idowu Ayodele
Photo credit : Channels TV
The Economic and Financial Crimes Commission (EFCC) has rearrested Friday Audu, the alleged mastermind of a massive cryptocurrency investment fraud and romance scam, just moments after he was granted bail by a Federal High Court in Ikoyi, Lagos.
In a dramatic turn of events, EFCC operatives intercepted Audu as he stepped out of the court premises on Thursday. The anti-graft officers swiftly bundled him into a waiting white van and whisked him away, while his co-defendants were led off by correctional officers.
Audu, alongside two Chinese nationals, Huang Haoyu and An Hongxu, as well as their company, Genting International Ltd, is facing a 12-count charge bordering on cybercrime. The trio was arraigned before Justice Daniel Osiagor on Monday, March 17, and returned to court on March 20 for their bail hearing.
Despite being granted bail, Audu’s troubles deepened as EFCC officials moved in swiftly. The court had granted him bail in the sum of N50 million, with two sureties—one being a serving director in Nigeria, and the other a Lagos-based property owner willing to surrender title documents to the court. Until these conditions are met, Audu was to remain in correctional custody.
However, his alleged accomplice, Huang Haoyu, was not as fortunate. The court denied his bail application, ruling that his residence status in Nigeria was unclear and that he posed a flight risk. The third defendant, An Hongxu, did not apply for bail and was remanded in custody.
Justice Osiagor adjourned the trial to May 2, 2025.
How It All Started
The EFCC’s case against Audu and his co-defendants stems from a December 2024 sting operation that led to the arrest of 193 foreigners and several Nigerians linked to a sophisticated cyber-fraud network.
According to the prosecution, Audu allegedly spearheaded the recruitment of young Nigerians into the syndicate, which engaged in cyber fraud, cryptocurrency scams, and illicit financial dealings. The EFCC further alleged that the group conspired with one Dualiang Pan (still at large) to access computer systems designed to destabilize Nigeria’s economic and social structure.
The defendants were accused of using young Nigerians to impersonate foreign nationals in online scams, defrauding unsuspecting victims of millions of dollars. Investigators also linked them to a staggering ₦3.4 billion fraud, with proceeds traced to the Union Bank account of Genting International Ltd.
Other fraudulent transactions flagged in the case include:
- The illegal retention of $1.2 million in a crypto wallet by one Chukwuemeka Okeke.
- A similar retention of $1.3 million by Alhassan Garba and Ifesinachi Jacobs.
- Suspicious transfers of ₦106 million and ₦913 million to an account controlled by Dualiang Pan.
- Unofficial foreign exchange dealings worth over ₦2 billion, allegedly conducted outside the Central Bank of Nigeria’s approved system.
The EFCC maintained that these activities violated multiple provisions of the Cybercrime (Prohibition) Act 2015, the Money Laundering Act 2021, and the Foreign Exchange Monitoring Act 2004.
Battle for Bail
During Thursday’s proceedings, EFCC prosecutor Bilikisu Buhari-Bala opposed bail for the defendants, arguing that they were flight risks and key players in an extensive cybercrime syndicate. She pressed for an accelerated trial instead.
Defense counsels, however, pleaded for leniency. Senior Advocate of Nigeria (SAN) Emeka Okpoko, representing the first defendant, urged the court to grant his client bail on “liberal terms.” Similarly, Clement Onwuenwunor (SAN), who represented Audu, pushed for his client’s release under favorable conditions.
Despite the court’s decision to grant Audu bail, his freedom was short-lived as EFCC officials quickly stepped in to rearrest him, a move that hints at fresh charges or an ongoing investigation.
With the case now set for trial on May 2, all eyes remain on the EFCC and the fate of the alleged crypto fraud syndicate.
Operatives of the Economic and Financial Crimes Commission (EFCC) have arrested the Accountant General of Bauchi State, Sirajo Jaja, over an alleged ₦70 billion fraud.
Jaja was apprehended in Abuja on Wednesday, 19 March 2025, alongside Aliyu Abubakar, an operator of Jasfad Resources Enterprise—an unlicensed bureau de change (BDC)—and Sunusi Ibrahim Sambo, a Point of Sale (PoS) operator.
Their arrests form part of an ongoing EFCC investigation into allegations of money laundering, diversion of public funds, and misappropriation involving the staggering sum.
The Commission is also probing the Governor of Bauchi State, Bala Mohammed, in connection with the matter.
According to the EFCC, preliminary findings indicate that a total of ₦59 billion was withdrawn in cash through various bank accounts managed by the Accountant General on behalf of the state government. The funds were allegedly transferred to Abubakar and Sambo, who then made cash payments to political party agents and associates of the governor.
Notably, Abubakar, the BDC operator, had previously absconded while on bail but has now been rearrested.
EFCC spokesperson, Dele Oyewale, confirmed the arrests, stating that investigations are ongoing to unravel the full extent of the financial misconduct.
The National Drug Law Enforcement Agency (NDLEA) has intercepted a shipment of cocaine ingeniously concealed within prayer beads and locally made shoes, foiling an attempt to traffic the illicit substance.
NDLEA’s Director of Media and Advocacy, Femi Babafemi, disclosed this in a statement on Sunday, revealing that some suspects have been arrested in connection with the smuggling attempt.
Babafemi, who shared images of the seized contraband on X (formerly Twitter), condemned the act, especially in the holy month when religious devotion takes precedence.
“In this holy month, when people are consecrating themselves and making supplications to their God, some persons were preoccupied with concealing cocaine in prayer beads and locally made shoes to desecrate the precincts of the holy land in the holy month,” he stated.
He further noted that vigilant NDLEA operatives intercepted the illicit shipment, preventing the traffickers from executing their plan.
The anti-narcotics agency has intensified its crackdown on drug trafficking, especially methods that exploit religious items and sacred periods to evade detection.
As investigations continue, the NDLEA reaffirmed its commitment to curbing drug-related crimes and ensuring that traffickers face the full weight of the law.
-
News1 week agoIdo LG APC Hails Oseni on FNSE Conferment
-
Education1 week ago
Emmanuel Alayande University Holds 2024/2025 Matriculation March 27
-
News6 days ago
Tinubu Swears in Ibas as Rivers Sole Administrator
-
Crime & Court1 week ago
NDLEA Intercepts Cocaine Concealed in Prayer Beads, Locally Made Shoes
