30 results
- 2 Sept 2015
Babalola Asks EFCC to Give Informants 10% of Recovered Assets
Remi Babalola, former minister of State for Finance, has said that every principal officer in the executive arm of government should be made to declare their assets publicly to curb corruption. He…
- 19 Jun 2026
Police Uncovers N7.7Bn Telecom Data Fraud Syndicate, Recovers Assets Worth Millions
Nigeria Police Force National Cybercrime Centre (NPF-NCCC) has uncovered a major telecommunications fraud syndicate accused of compromising a telecom company's billing infrastructure and fraudulently…
- 27 Jan 2026
NDIC Seeks EFCC's Support to Trace, Recover Assets of Failed Banks
Nigeria Deposit Insurance Corporation (NDIC) and the Economic and Financial Crimes Commission (EFCC) have agreed to strengthen collaboration to enhance the investigation and prosecution of offences…
- 10 Jan 2025
Nigeria Recovers $52.88m in Assets Linked to Former Petroleum Minister Diezani Alison-Madueke
Federal government has received $52.88m recovered Galactica assets linked to a former Minister of Petroleum Diezani Alison-Madueke from the USA. The Attorney-General of the Federation and Minister of…
- 6 Jun 2021
Foreign Banks aid $18Bn Corruption in Nigeria Annually- TI
Transparency International (TI) has alleged that international enablers headquartered in Beijing, Dubai, London and New York are parts of every single illicit transaction perpetrated in Nigeria,…
- 14 Mar 2025
AMCON Vows to Recover N455bn Debt from Arik Air, Affiliates
Asset Management Corporation of Nigeria (AMCON) has reaffirmed its commitment to recovering over N455 billion in debts owed by Arik Air Limited (in receivership) and its affiliated companies. …
- 27 May 2017
AMCON Recovers N134Bn in 2016
Ahmed Kuru, Managing Director/Chief Executive Officer, Asset Management Corporation of Nigeria, said the agency recovered N134bn in 2016. He stated this at a news conference in Lagos on Friday,…
- 4 Dec 2017
Report Raises Concerns over Health of Nigerian Banks
A number of banks in Nigeria are living on borrowed time as they struggle to recover sticky assets and pare down their loan loss provisions, according to Business Hallmark. The report said…
- 20 Oct 2025
EFCC Recovers ₦500Bn, Secures 7,000 Convictions in 2 Years - Tinubu
President Bola Tinubu has commended the Economic and Financial Crimes Commission (EFCC) under the leadership of Ola Olukoyede for its impressive record of asset recovery and convictions, describing…
- 8 Jul 2026
How EFCC Turned Recovered Loot Into School Supplies for Thousands of Nigerian Students
Economic and Financial Crimes Commission (EFCC), on Tuesday, July 7, handed over 1,452 items recovered from proceeds of crime to the Federal Ministry of Education to support schools across the…
- 30 Mar 2025
Uninsured Depositors of Heritage Bank to Receive Liquidation Dividends In April – NDIC
Depositors of Heritage Bank (in-liquidation) with balances exceeding the insured sum of ₦5 million will be paid from the sale of physical assets and debt recovery efforts soon, the Nigeria Deposit…
- 30 Mar 2025
NDIC Fixes April as Time Uninsured Depositors of Heritage Bank will Receive Liquidation Dividends
Depositors of Heritage Bank (in-liquidation) with balances exceeding the insured sum of ₦5 million will be paid from the sale of physical assets and debt recovery efforts soon, the Nigeria Deposit…
- 20 Nov 2018
NDIC Recovers N28.5Bn from Debtors of Ailing Banks
Nigeria Deposit Insurance Corporation (NDIC) has recovered N28.48 billion from debtors of Deposit Money Banks in-liquidation as at December 31, 2017, according to Alhaji Umaru Ibrahim, managing…
- 13 Jul 2025
EFCC: Accusations Against Our Chairman Are Baseless and Misleading
Economic and Financial Crimes Commission (EFCC) has strongly denied allegations of lack of integrity and transparency directed at its chairman, Ola Olukoyede, by columnist Steve Osuji. In a statement…
- 8 Aug 2019
AMCON Gets New Powers to Chase after Rich Debtors
Federal government has taken new measures to recover the over N5triilion debt owed the Asset Management Corporation of Nigeria (AMCON) by some prominent Nigerians and corporate bodies. Under…
- 17 Sept 2020
FG Launches Central Database for Stolen Asset Tracing
Federal government has launched a Central Database under the Asset Tracing, Recovery and Management Regulations (ARTM), 2019 and the Central Criminal Justice Information System (CCJIS) under the…
- 29 Nov 2021
NDIC Pays N113Bn to Depositors of Failed Banks
Nigeria Deposit Insurance Corporation (NDIC) said it had paid over N113 billion to depositors of money in commercial banks, microfinance institutions as well as primary mortgage banks currently in…
- 10 Jan 2021
SERAP Fights FG over Plans to Take over Dormant Account Balances, Unclaimed Dividends
The Socio-Economic Rights and Accountability Project (SERAP) has sent an open letter to President Muhammadu Buhari urging him to use his leadership position “to promptly drop the plan by the Federal…
- 5 Nov 2014
EFCC Recovers $11Bn Stolen Funds in 11 Years
Economic and Financial Crimes Commission (EFCC) said that it has recovered a total of $11billion by stolen looters of government treasuries from its inception in 2003. Wilson Uwujaren, head of Media…
- 14 May 2026
NDIC Drags Wema Bank to Court over N125.38Bn Banana Island Assets
Nigeria Deposit Insurance Corporation (NDIC), acting as liquidator of the defunct Gulf Bank Plc., has instituted two separate actions at the Federal High Court in Lagos against Wema Bank Plc. The…
- 14 Nov 2021
NNPC Fund: Keystone Bank Says No Recovered Loot with It
Keystone Bank Limited has said that reports in some sections of the online media on its meeting with the House of Representatives’ Ad Hoc Committee on Assessment and Status of All Recovered Loots…
- 22 Oct 2016
Under Jonathan N1.3Trillon was Stolen by 55 People
Presidential Advisory Committee Against Corruption (PACAC) has said that 55 people stole N1.3trillion from the national treasury in seven years under President Goodluck Jonathan’s watch. The…
- 6 Aug 2026
SEC Unveils Probate/Unclaimed Monies Clinic to Help Families Recover Inherited Investments
Securities and Exchange Commission (SEC) has intensified efforts to reduce unclaimed funds and other dormant investment assets by launching a Probate/Unclaimed Monies Awareness and Investor Clinic…
- 8 Oct 2015
Diezani Cannot Leave UK Till Next April- Court
Mrs Diezani Alison-Madueke, former minister of Petroleum Resources will not be able to leave the United Kingdom (UK) until April, next year, that is when the investigations into allegations against…
- 16 Jun 2024
Multichoice Group’s N31.6Bn Trapped in Closed Heritage Bank
Multichoice Group, owners of DStv and GOtv, had an account balance of N31.6 billion with Heritage Bank, before the bank’s liquidation, according to the group’s annual report for FY 2024. Multichoice…
- 15 Jan 2026
EFCC to Use Space Technology to Boost Asset Tracking, Investigations
Economic and Financial Crimes Commission (EFCC) has partnered with the National Space Research and Development Agency (NASRDA) to deploy advanced space and geospatial technologies in investigations…
- 16 Jul 2026
SEC Begins Drive to Recover Unclaimed Dividends
Securities and Exchange Commission (SEC) has commenced a nationwide enlightenment campaign to help Nigerians recover unclaimed dividends and other monies arising from capital market transactions. The…
- 14 Aug 2019
FG May Pay ‘Failed Investors’ N736Bn to Repossess Discos
Federal government is considering repossession of 10 electricity distribution firms as one of the options to rescue the nation’s beleaguered electricity industry. According to the Punch, this…
- 14 Nov 2024
Multichoice Writes Off N31.6Bn with liquidated Heritage Bank
Multichoice Group, South African Pay-TV operator, has announced that it has written off N31.6 billion ($21 million) in cash that was held with the recently liquidated Heritage Bank. A write-off is…
- 31 May 2010
FCMB PBT Peaks At N857M
First City Monument Bank Plc (FCMB) has proposed a dividend payout of 5kobo per share for the eight months ended December 2009. This indication from the bank’s financial results shows Profit…