Economy
Why EFCC stormed Okorocha’s Home
Operatives of the Economic and Financial Crimes Commission, EFCC, stormed the Maitama, Abuja home of a former governor of Imo state, Senator Rochas Okorocha, to effect his arrest. The move, according to the Spokesman for the EFCC Mr.. Wilson Uwujaren, followed the refusal of the former governor to honour invitations after jumping the administrative bail earlier granted him by the anti-graft agency. Uwujaren recalled that the EFCC had on January 24, 2022 filed a 17-count criminal charge bordering on diversion of public funds and properties to the tune of N2.9billion against Okorocha.
The case was assigned to Justice Inyang Ekwo of the Federal High Court, Abuja but attempts to arraign Senator Okorocha were twice stalled owing to the absence of the ex-governor who evaded service of processes. At the last adjourned date, March 28th, 2022, Justice Ekwo before adjourning until May 30th, 2022, had warned that the court would not grant any further adjournment to the agency if it failed to serve the former governor with court summons. “In the circumstances, the commission is left with no option than to effect the arrest of Senator Okorocha and bring him to trial,” the spokesman said.
-
Economy2 days agoNigeria Sovereign Investment Authority announces winners of $275,000 prize for innovation
-
Finance2 days agoAirtel Money reports 25% growth in first-half revenue in maiden results
-
News2 days agoEFCC arrests 14 Chinese nationals in Nigeria for operating illegal lithium processing plants
-
Maritime2 days agoNIMASA, ITF signs MOU on Seafarer wellbeing, MoU First in Africa—ITF
-
Oil and Gas2 days agoHoneywell Technologies launches new AI platform at Dangote’s Nigeria refinery
-
Economy2 days agoFG targets single-digit inflation by end-2027 to unlock cheaper borrowing— Oyedele
-
News20 hours agoTop 20 Ecobank’s InnovateX finalists emerge for ₦20m prize money
-
Industry20 hours agoMAN summit to tackle high energy costs for manufacturers