A tip-off by a whistle blower on Tuesday, April 11, 2017 led to another discovery by the Economic and Financial Crimes Commission, EFCC, of a staggering sum of N4billion suspected to be proceeds of crime.
Investigations as to the owner of the funds revealed that the money belongs to a former deputy governorship candidate in Niger State.
The suspect uses the names of two companies– Katah Property & Investment Limited and Sadiq Air Travel Agency- in laundering the funds.
Each of the company has N2billion fixed in its deposit account domiciled in Guaranty Trust Bank.
The suspected owner of the account and the account officer are currently on the run.
Details as UK Govt Declines Nigeria’s Request to Transfer Ekweremadu
By Abiola Olawale The United Kingdom has reportedly rejected a high-level request from the Federal Government (FG) of Nigeria to allow convicted former Deputy Senate President, Ike Ekweremadu, to serve the remainder of his prison sentence in his home country. Ekweremadu is currently incarcerated in the UK for his role in an organ-trafficking plot. Reports…
November 24, 2025 • News


