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Cryptocurrency Portrays Greater Danger To World Economy, Says EFCC

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Chairman, Economic and Financial Crimes Commission, EFCC, Abdulrasheed Bawa, has said growth of cryptocurrencies, such as Bitcon portrays a far greater danger to the world economy.

The EFCC boss stated this while delivering a keynote address on Monday at the 38th Cambridge International Symposium on Economic Crime, themed, “Economic Crime-Who pays and who should pay?”, organized by the Center for International Documentation on Organized and Economic Crime (CIDOEC), Jesus College, University of Cambridge,, United Kingdom.

Describing cryptocurrencies as the new typologies of economic crimes, Bawa said criminals now elect to transact or receive illegal monies such as ransom money in digital currency, noting that Bitcoin and Ethereum were the most commonly used medium of these exchanges.

He therefore, advocated collective and collaborative approach by authorities around the world in dealing with the challenges of financial crimes which, he noted, is a global scourge as no nation is spared its virulence.

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According to him, economic crimes which are largely illegal acts committed for private gain, “affect the vital structures of global economies, causing significant damage to the Global Financial System and depriving developing nations of the needed resources for sustainable development”.

He noted that developed countries are not immune from the scourge, which has “magnified with the proliferation of Cyber-crimes which threatens the stability of Global Financial Institutions.”

He commended the choice of theme which he said offers a platform to interrogate the challenges of economic crimes.

“As the victims of crime continue to suffer globally from the effects of financial crimes, either directly or indirectly as part of a social system, the determination of who pays or who should pay becomes a critical measure of the criminal justice system in place,” he said.

He underlined the imperatives of an impartial judiciary in ensuring that “the perpetrators of acts and not the victims pay for their crimes.”

While highlighting some of the transparency and accountability achievements of the Nigerian Government under the leadership of President Muhammadu Buhari including enactment and amendment of relevant laws to enhance public accountability and reforms such as Treasury Single Account and the Whistle Blower Policy among others;  Bawa pointed out that the EFCC, as the rallying point in the fight against economic crimes in Nigeria, has recorded important milestones in investigations, prosecutions and assets recovery.

In his words, “Since its establishment in 2003, the Commission has recorded no less tha  3,500 convictions and recovered assets of significant value including properties in Nigeria, the UK, USA, and the UAE. All these have measurably contributed to the national efforts against economic crimes in Nigeria”.

The EFCC boss concluded by challenging participants to come up with practical solutions to curb the international threat of economic crimes.

Chairman of the Symposium, Mr. Saul Froomkin, thanked the EFCC boss for his insightful presentation, and the support received from Nigeria in organizing the event.

Participants at the Symposium were drawn from law enforcement and security agencies, accountability institutions and select stakeholders from across the World.

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You’re a Hypocrite!” – Bashir el-Rufai Goes Nuclear on Brother Bello Over Uba Sani Loyalty

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By Yusuf Danjuma Yunusa

 

Bashir el-Rufai, son of former Kaduna governor Nasir el-Rufai, unleashed a barrage of slurs at his brother, Bello, on Saturday morning.

Bashir, in a series of expletive-laden posts on X, attacked Bello over his recent political moves, accusing him of abandoning the family while he was aligned with Uba Sani, his father’s successor.

Sani, the incumbent governor of Kaduna, was a former ally of el-Rufai, but both men fell out after the former won the 2023 governorship election.

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Following el-Rufai’s resignation from the All Progressives Congress (APC) in March 2025, Bello, who represents Kaduna north federal constituency, remained in the ruling party.

However, on May 7, 2026, Bello eventually defected from the APC to join his father in the African Democratic Congress (ADC).

Commenting on Saturday, Bashir alleged that his brother remained loyal to Sani until he realised he was being “dumped”, after which he began talking about family loyalty.

“Stuck with Uba Sani until he realized he is being dumped then suddenly remembered family loyalty and moved to ADC. Where was he since? Purely serving his interest,” Bashir wrote.

He accused his brother of being neutral while others criticised the Kaduna state governor.

Bashir also alleged that Bello asked him to “pipe down my criticism of his former boss,” presumably Sani.

One of Bashir’s tweets. The expletives have been redacted.
“At this stage in my life, I hate nonsense,” he added, while calling his brother a hypocrite.

Bashir also made several other allegations against his brother in the X posts, some of which were later deleted.

The allegations bordered on fertility status and unsubstantiated drug use.

Their father, el-Rufai, has been in custody since February 2026 over alleged financial impropriety during his tenure as governor of Kaduna between 2015 and 2023.

On April 13, the Independent Corrupt Practices and Other Related Offences Commission (ICPC) arraigned him at the Kaduna high court on an amended nine-count charge bordering on alleged fraud and abuse of office.

The Department of State Services (DSS) is also prosecuting el-Rufai before the federal high court in Abuja over allegations of wiretapping.

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Court Ultimatum Forces FBI to Hand Over Tinubu’s Fraud Records to Judge—But Keeps Them Hidden from Public

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By Yusuf Danjuma Yunusa

The Federal Bureau of Investigation has hand delivered records of President Bola Tinubu’s 1993 drug-trafficking and money-laundering case to Judge Howell Beryl of the U.S. District Court for the District of Columbia, saying they are for her eyes only, court filings seen by Peoples Gazette indicated.

The FBI secretly submitted the records on Friday to avoid disobeying a court order while sidelining transparency campaigner, Aaron Greenspan, who petitioned the Bureau for the Nigerian leader’s records in a Freedom of Information Act lawsuit.

Following years of foot-dragging on a FOI petition filed by Mr Greenspan in 2023, the FBI on Friday complied with a court order directing it to release Mr Tinubu’s records. Mr Greenspan worked with Nigerian journalist, David Hundeyin, to file the petition in 2023.

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The records submitted as “under seal, ex parte, in camera declarations were hand delivered to the Court on August 28, 2026 in compliance with this Court’s Minute Order dated August 20, 2026,” filings showed.

Mrs Beryl lost her patience with the FBI after the bureau missed several deadlines , giving excuses on why it could not immediately provide the records.

She issued August 28 as the final ultimatum to the FBI, which prompted the FBI’s decision to comply, showing it “in camera” to the judge alone, without carrying along the petitioner.

Earlier this week , FBI claimed that submitting the records would violate Mr Tinubu’s privacy and argued that FOI was established to screen the operations and records of government institutions, not necessarily private individuals.

For decades, Mr Tinubu has avoided speaking on the drug affair, refusing to clarify controversies surrounding his involvement in a case that saw him forfeit hundreds of thousands of dollars to the U.S. government.

Mr Tinubu also sought to block the release of his records, asserting his rivals only sought to use them to discredit him in a Nigerian presidential election. He begged the court to protect his privacy rights.

The United States District Court for the Northern District of Illinois in 2023 released documents holding Mr Tinubu’s encounter with American authorities over allegations of narcotics trafficking and money laundering.

 

 

 

 

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NFF President Gusau Resigns

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By Yusuf Danjuma Yunusa

Nigeria Football Federation President, Ibrahim Gusau, has resigned from office, announcing his decision during a press conference in Abuja on Thursday.

According to the Super Eagles news account on X (@SSE_NGA), Gusau was joined by board members of the Executive Committee in resignation.

The crisis follows the Super Falcons’ failure to qualify for the 2027 FIFA Women’s World Cup, a first in Nigeria’s history, after a 2-1 defeat to South Africa in the play-off.

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The Falcons had earlier been knocked out of the Women’s Africa Cup of Nations at the quarter-final stage by Cameroon. The Super Eagles also failed to qualify for the 2026 World Cup.

The NFF has separately faced scrutiny over its handling of a ₦17bn Federal Government intervention fund released in 2024, as well as a fact-finding committee report alleging that board members and officials influenced national team invitations for financial gain.

Gusau’s exit comes ahead of the NFF’s elective congress, scheduled for September 27 in Lafia, Nasarawa State.

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