The Enugu Zonal Command of the Economic and Financial Crimes Commission, EFCC, has arrested twelve bankers for allegedly stealing funds from dormant accounts.
The suspects are: Odeniyi Anthony, Deki Kingsley Onyekachi, Oguchukwu Ene, Elendu Chizaram, Anyakora Uchenna, Onah Kingsley, Akwe Elizabeth and Chinenye Grace Acibe are being accused of partaking in an insider fraud.
Others are: Victoria Ezedie, Chidi-Ukah Obinna, Etoh Lawrence Uzochukwu and Udeze Harrison.
Preliminary investigations showed that the suspects allegedly stole funds from some dormant accounts in a branch of an old-generation bank in Enugu.
The stolen funds were transferred from the dormant accounts to various beneficiaries, with the principal beneficiary already identified by the EFCC.
The suspects will be charged to court as soon as investigations are concluded.
TheNewsGuru.com reports that EFCC is a Nigerian law enforcement agency that investigates financial crimes such as advance fee fraud (419 fraud) and money laundering.
What you need to know about EFCC
The EFCC was established in 2003, partially in response to pressure from the Financial Action Task Force on Money Laundering (FATF), which named Nigeria as one of 23 countries non-cooperative in the international community’s efforts to fight money laundering.
The agency has its head office in Abuja, Nigeria.
Under the previous EFCC chairman Nuhu Ribadu, the agency has addressed financial corruption by prosecuting and convicting a number of high-profile corrupt individuals, ranging from Nigeria’s former chief law enforcement officer to several bank chief executives. By 2005, the EFCC arrested government officials including, Diepreye Alamieyeseigha.
In September 2006, the EFCC had 31 of Nigeria’s 36 state governors under investigation for corruption. In December 2007, the Nigerian Federal Government, after extensive investigations by EFCC and other organisations, cleared the Vaswani brothers of any wrongdoing and invited them back into the country.
On June 6, 2008, Chief (Mrs) Farida Mzamber Waziri was sworn in as the new chairperson of the EFCC.
Then on the 6th of August 2008, the former chairman Nuhu Ribadu was demoted from Assistant Inspector General (AIG) to Deputy Commissioner of Police (DCP).
On September 14, 2010, the head of the Forensic Unit of the EFCC, Abdullahi Muazu, was assassinated in Kaduna. He had been actively involved in the trials of several heads of banks.
Waziri was dismissed by President Goodluck Jonathan on 23 November 2011 and replaced by Ibrahim Lamorde as Acting Chairman, who has since been confirmed on 15 February 2012 by the Nigerian Senate.
Ibrahim Lamorde was sacked by President Muhammadu Buhari on November 9, 2015, and replaced with Ibrahim Magu. The Nigerian Senate refused to confirm Magu as chairman of the agency twice due to security reports by law enforcement agencies in the country.
On July 6, 2020, Magu was arrested by operatives of the Department of State Services and the Nigeria Police Force and driven to the Presidential Villa where he was made to answer questions on alleged corruption against him.
He was detained overnight and on July 7 was suspended from his position as chairman of the agency pending the completion of the investigation.
On July 10, 2020, President Muhammadu Buhari approved the immediate suspension of Ibrahim Magu as acting chairman of the EFCC, in a statement issued by the Office of the Attorney-General of the Federation, Abubakar Malami.
President Muhammadu Buhari also approved that the EFCC Director of Operations, Mohammed Umar Abba, should take charge and oversee the activities of the Commission pending the conclusion of the ongoing investigation and further directives.
On 16 February 2021 Abdulrasheed Bawa was nominated as substantive chairman of EFCC by President Muhammad Buhari.