News

EFCC Set To Probe Marine Assets and Offshore EquipMent Limited GM Olusegun Olaleye Over $38M Fraud

A Federal High Court in Abuja has dismissed a suit filed by an oil and gas services firm, Marine Assets and Offshore EquipMent Limited, and its General Manager, Olusegun Olaleye, seeking to stop their investigation by the Economic and Financial Crimes Commission (EFCC).

In a judgment on Tuesday, Justice Bolaji Olajuwon, held that there was no merit in the case that sought to restrain the EFCC from investigating the payment of huge sums into the plaintiffs’ bank account by some firms for unknown reasons.

Justice Olajuwon disagreed with lawyer to the plaintiffs, Mike Ozekhome (SAN), that the investigation into the plaintiffs’ activities by the EFCC amounted to harassment and ultra vires its (EFCC’s) powers.

The judge agreed with lawyer to the EFCC, Ekele Iheanachor, that allegations of economic and financial crimes were established against the plaintiffs and others, which required the activation of the powers of the EFCC to probe their activities.

TruetellsNigeria

Recent Posts

Customs Contribution Crucial for Actualising Proposed Nigeria’s ₦48 Trillion 2025 Budget – Finance Minister

  The Nigeria Customs Service (NCS) has been commended for its pivotal role in boosting…

20 hours ago

Police Arrest Popular TikToker For Insulting President Tinubu, Governor Sanwo-Olu, Police Chief Egbetokun

Operatives of the Nigeria Police Force have reportedly arrested a popular Nigerian TikToker, Seaking, for…

20 hours ago

Tinubu’s Economic Policies Responsible For Over 100 Deaths In Stampedes Within One Week —Sowore

Human rights activist Omoyele Sowore says the economic policies of President Bola Tinubu's administration have…

20 hours ago

GOVERNOR SANWO-OLU DIRECTS LASTMA TO INTENSIFY NIGHT TRAFFIC MONITORING TO GUARANTEE UNHAMPERED NIGHT MOBILITY FOR RESIDENTS

  In a resolute bid to ensure unimpeded traffic flow throughout Lagos State before, during…

22 hours ago

Data Engineering: A Lifeline for Businesses Amid Economic Uncertainty- Uchenna Ogbonna

      In an era defined by rapid technological advancements and unpredictable economic shifts,…

1 day ago

WITH GLO TVCS, IT’S FELIZ NAVIDAD, NIGERIANS

Celebratory seasons, such as Christmas and New Year, are times when corporate organisations churn out…

2 days ago