News
EFCC collaborate with Int’l partners in UK to track stolen funds
- /home/naijuinz/public_html/wp-content/plugins/mvp-social-buttons/mvp-social-buttons.php on line 27
https://naijablitznews.com/wp-content/uploads/2024/09/images-2024-09-03T190105.558.jpeg&description=EFCC collaborate with Int’l partners in UK to track stolen funds', 'pinterestShare', 'width=750,height=350'); return false;" title="Pin This Post">
- Share
- Tweet /home/naijuinz/public_html/wp-content/plugins/mvp-social-buttons/mvp-social-buttons.php on line 72
https://naijablitznews.com/wp-content/uploads/2024/09/images-2024-09-03T190105.558.jpeg&description=EFCC collaborate with Int’l partners in UK to track stolen funds', 'pinterestShare', 'width=750,height=350'); return false;" title="Pin This Post">
By Francesca Hangeior.
The Economic and Financial Crimes Commission (EFCC) has teamed up with international partners in the United Kingdom to track and recover stolen funds.
The collaboration was announced at the 41st International Symposium on Economic Crime held at Jesus College, Cambridge, where EFCC officials are participating alongside global experts.
The symposium, themed “Suspect Assets,” focuses on asset tracing, recovery, forfeiture, and associated issues.
According to EFCC’s Secretary, Mohammed Hammajoda, who led the Nigerian delegation, the partnership aims to tackle threats posed by fraudsters and recover proceeds of crime.
He explained that the EFCC’s participation in the symposium highlights Nigeria’s commitment to combating economic crime and recovering stolen funds.
Dr. Umar Bello, Head of the Strategic Intelligence Analysis Unit at EFCC, identified major problems in tracking suspect wealth.
He said, “The major problems are third-party money laundering, trade-based money laundering, concealment of beneficial ownership, and excessive use of cash transactions to obscure illicit sources of funds.
“To break these jinxes, effective case management principles should be adopted to identify suspects’ wealth in the financial system.
“There is an overarching need for multilateral collaboration among agencies involved in asset tracing to strengthen their officials in dealing with the complexities of suspect assets.”
Justice John Tosho, Chief Judge of the Federal High Court, Nigeria, shared the country’s successes in forfeiture of assets and recovery of stolen funds, highlighting efforts to ensure fraudsters do not retain proceeds of crime.
“We are making considerable efforts to ensure that fraudsters don’t get away with the proceeds of their crime,” he assured.
Meanwhile, Prof. Barry Rider, Founder and Executive Director of Jesus College, Cambridge, emphasized the importance of addressing suspect wealth.
His words, “The symposium focuses on a raft of concerns relating to the identification, interdiction, and control of suspect wealth, whether this constitutes criminal property, unexplained wealth, or wealth possessed by those we don’t like.
“And, perhaps for the stability and security of our economies, rather more importantly, the impact—direct and indirect—of such interventions on the rest of us, and in particular our financial institutions and their advisers.”
The event brought together academics, judges, lawyers, investigators, public affairs experts, government officials, policymakers, and law enforcement officers from around the world.
Topics under discussion include identifying suspect wealth, pursuing suspect wealth in cyberspace, and unexplained wealth.
Other topics being discussed include sanctions and suspect wealth, FATF grey listing, and prosecuting high-profile individuals for corruption.
News
READ today’s newspaper headlines,14/07/2026
Oil prices jump 9% to $82.90 on worsening US-Iran conflict
Military hands over 44 rescued Oriire abductees to Makinde
Fed Govt halts plans to raise WAEC, NECO registration fees
Dangote dumps naira, begins petrol sales in dollars
I borrowed N400m to secure PFIPC appointment – ‘Fake’ DG Adeyemi
Nigeria beat Burundi in Billie Jean King Cup opener
NSC hails Junior D’Tigers after AfroBasket qualification
Naira depreciates to N1,420/$ in parallel market
Falcons storm Casablanca camp ahead of WAFCON
We’ll resume Iran port blockade Tuesday – US military
EU, UK hit Russia with joint sanctions over cyber attacks
Brazil court bars Bolsonaro son from visiting father until after election
Iran FM mocks Trump over tolls for Strait of Hormuz passage
US missions in UAE suspend consular appointments over ‘security situation’
——————–
*DID YOU KNOW?*
* Pelé’s record as the FIFA World Cup all-time youngest goalscorer (17 years, 239 days) remains untouched.
* Leonardo da Vinci’s Codex Leicester is the most expensive book ever purchased, bought by Bill Gates at an auction for a staggering $30.8 million.
——————–
Buhari gave his all to Nigeria — Tinubu
Shettima: I wept at Buhari’s bedside in his last moment
Senate probes ₦34tr Import duty waivers, threatens sanctions for 14 MDAs
ADC heads to S’Court over congresses
Appeal Court to INEC: don’t recognise ADC congresses by Mark-led NWC
A’Court upholds death sentence for Kwara cleric over lover’s murder
Fake agency scandal: ICPC begins probe as DG alleges threat to life
Ex-minister Nnaji arraigned, gets N20m bail over alleged forgery, money laundering
Lagos court orders extradition of Nigerian drug convict to UK
Army smashes arms trafficking ring in Kaduna, seizes weapons
NAF inspects C-130H aircraft undergoing maintenance in Portugal
Oyo abduction: Presidency slams Makinde over demand for UN probe
FG granted N34tn import duty waivers in 2025 – Customs
FG grants N6bn tax waivers to drug manufacturers
FG targets 70,000 youths for market-driven skills training under IDEAS-TVET programme
FG develops coordinated reintegration framework for ex-terrorists
Customs auction 20,500 litres of petrol in Lagos
Bauchi varsity gets NUC approval for new academic programmes
FUTA teaching hospital faces office, clinical space shortages – CMD
Oluremi Tinubu assures W’Bank of school feeding before 2027
Chartered Institute of Administration inducts 290 members
DisCos kick against NERC’s CapEx account order
Dangote fixes petrol price at $0.779 per litre in new pricing template
Namibian firm buys 52 Shell, Engen filling stations
Bogo Beverages unveils N20bn factory targeting Nigeria’s growing market
MeCure seeks N50bn funding as profit jumps 177%
Atiku, ADC defend primaries as court voids Mark-led congresses
Atiku, Obi excited as FG suspends planned increase in WAEC, NECO registration fees
‘DJ Chicken does not deserve to be in prison’ – Sowore offers to help
Adeleke demands visa ban for APC chieftains, party faults gov
2027: Kano gov retains deputy as running mate
S’Africa attacks: Okpebholo offers 41 Edo returnees N1m each
Oyebanji retains Governing Councils of Ekiti tertiary institutions
Kaduna gov reconstitutes five boards, appoints new aides
Ekiti approves N16.75bn for road, streetlight projects
Lagos begins recruitment of doctors, nurses, others
Lagos expands rail network to 11 lines, establishes training centre
Lagos begins Hajj form sales, sets ₦7m deposit for pilgrims
Yobe expands health insurance, specialist hospitals to improve access
Kebbi enrols 50,000 vulnerable residents in health insurance scheme
Borno distributes 5m nets to curb malaria
Oyo police rescue abducted farmer after joint security operation
123 Kano drivers face trial for number plate violations
Downpour cripples Lagos, flood submerges cars, strands motorists
Lagos arrests mother over child’s alleged drainage waste disposal
MACBAN denies role in killing of 16 Benue villagers
Anambra arrests 47-year-old birth attendant over illegal surgeries
Oriire abduction: Children were beaten, teachers chained — Alamu, Principal
Gunmen abduct Oyo headmaster, demand N30m ransom
——————–
*TODAY IN HISTORY*
* On this day in 2016, a terrorist attack in Nice, France killed 85 and injured more than 300 people. The attack took place during Bastille Day Celebrations, when a 19-tonne truck was driven into the crowd. The attacker was eventually shot by the police.
* On this day in 1957, first female parliamentarian in the Arab world was elected to office. Egyptian Rawya Ateya became the first woman to be elected to the National Assembly.
——————–
Somewhere, something incredible is waiting to be known. – Carl Sagan
Good morning
News
PFIPC scandal: ‘I borrowed N400 million to secure the appointment’ – Adeyemi Adeniyi
The self-acclaimed Director-General of the disputed Presidential Foreign Intervention Promotion Council, PFIPC, Adeyemi Adeniyi, says he borrowed the N400 million to secured the job at the presidency.
Adeniyi made this revelation on Monday during zoom interview on ‘Politics Today’, a programme on Channels Television.
He said his creditors have reported him to the Economic and Financial Crimes Commission, EFCC.
He described the way some actors in government taking the matter as ‘unfortunate and embarrassing’, asking how only him could manoeuvre the entire Federal Government system.
“I borrowed this money, the N400 million, to pay for this appointment. In fact, those that I borrowed the money from have reported me to the EFCC to refund it,” he said.
When asked to react to the report that there is a United States lobbying firm helping him to seek an asylum, Adeniyi said, “I read it the way you read it.”
News
May 18 primaries has come to a close, I appeal to all my people to support all APC candidates -Ize-Iyamu
Pastor Osagie Ize-Iyamu has beckoned on all his loyalists to support All Progressives Congress APC candidates after the party formally endorsed all Edo State candidates.
This was contained in a statement he personally signed encouraging his loyalists in Edo South to throw their weights behind all APC candidates.
Hear him:
“Following wide-ranging consultations with our leaders, party members, supporters, women, youths, and well-wishers across Edo South, Nigeria, and the diaspora, I address you today(Monday ) with profound gratitude, humility, and an unwavering commitment to the unity and progress of our great party.
“The APC Edo South Senatorial Primary held on May 18, 2026 has come to a close. Our party has completed its democratic process, and a candidate has emerged. I accept the decision of our party in good faith and appeal to all our members, followers and friends to do same.
“The All Progressives Congress is greater than any individual ambition. It is a platform built on service, sacrifice, discipline, and our shared commitment to a better future for our people. Political contests may test our preferences, but they must never diminish our common purpose.
To every supporter, coordinator, volunteer, grassroots mobiliser, and everyone who stood with us throughout this journey, I offer my heartfelt appreciation. Your loyalty, sacrifices, encouragement, and prayers have been a constant source of strength. I remain deeply grateful for your confidence and steadfast support.
I wish to specially thank our brothers and sisters in the diaspora across party lines for the overwhelming support they gave my senatorial bid and assure them of my continous commitment to the development and progress of our district. I urge every one of you to remain peaceful, reject division, and continue to uphold the values that have always defined our people.
Now is the time to reconcile, close ranks, and focus on the greater task before us. Our collective responsibility to serve the people of Edo South is far greater than any individual aspiration. As we move forward, I remain committed to working with our leaders, stakeholders, and party faithfuls to strengthen the APC, secure victory in the general election, and advance the development and well-being of Edo South Senatorial District.
The contest is behind us. The future is before us. Let us move forward with one resolve, and one commitment- to build a stronger APC and a more prosperous Edo South.
Thank you for your prayers, your loyalty, and your unwavering support throughout this journey.
History will not remember the contest we fought; it will remember the future we built together. Let us unite. Let us serve. Let us win for the APC, for Edo South and for the people of Edo State.
God bless the All Progressives Congress. God bless Edo South Senatorial District. God bless Edo State.
God bless the Federal Republic of Nigeria. Oba gha to kpere, ise
-
News23 hours agoNSITF promises Gambia of technical support, stronger partnership …As study tour ends in Abuja
-
News21 hours ago‘He was our bread winner’: Dad laments 28-Year-Old Lieutenant Killed in Oyo School Rescue Mission
-
News23 hours agoDAY 24 of Projects Commissioning and Flag-Off in the FCT
-
News21 hours agoAfter 56 Days in Captivity, Oriire Parents Scared of Sending Rescued Kids Back to School
-
News22 hours agoOne dies, seven injured as Gombe Assembly Complex under construction collapses
-
News21 hours agoGunmen Kidnap 60-Year-Old Headmaster In Oyo, Demand N30m Ransom
-
News20 hours agoECOWAS Parliament Maps Out Strategy to Tackle Irregular Migration Across West Africa
-
News15 hours agoJust in: Appeal Court halts Atiku’s presidential bid, declares Mark-led ADC congresses illegal

Warning: Undefined variable $user_ID in /home/naijuinz/public_html/wp-content/themes/zox-news/comments.php on line 49
You must be logged in to post a comment Login