News
N2.3bn Scam: Popular oil tycoon in EFCC’s nest
A popular Oil tycoon, Shehu Badamasi, has been apprehended by the operatives of the Economic and Financial Crimes Commission (EFCC) over various financial offences.
Badamasi is reported to have duped a Lagos-based businessman of N2.3bn.
Those who reported Badamasi to the EFCC, said they did that because of the no-nonsense attitude of the EFCC Chairman, Ibrahim Magu.
ALSO SEE: EFCC accuses blogger of cyber-stalking Magu, releases suspect on bail
A source said that the EFCC was aware that the suspect is well connected within the security agencies and the corridors of power, adding that the agency will ensure Badamasi faces the full wrath of the law.
“Yes, he has been with us and we are talking to him on all the issues in the petition written by a Lagos-based businessman, who claimed he was defrauded of N2.3 billion and another who lost N100 million to the same suspect,” a source in EFCC has revealed to the Vanguard.
It was learnt that the EFCC had secured a warrant to keep the suspect for 17 days to enable the operatives question him extensively on all the issues raised against him by aggrieved persons.
-
Football1 week agoFull list: Six countries already qualified for 2030 FIFA World Cup
-
Aviation1 week agoUK updates customs rules, lists duty-free allowances and prohibited items for travellers
-
Aviation1 week agoNCAA threatens to suspend Royal Air Maroc operations over alleged passenger rights violations
-
Business6 days agoScarcity; Dangote triggers further hike in fuel price
-
Comments and Issues1 week agoYayi and the burden of stewardship
-
Football4 days agoBallon d’Or 2026: Yamal, Mbappe, Kane emerge early favourites
-
Latest5 days agoAccountability group questions ₦962.8bn Allocation for empowerment projects, official vehicles in 2026 budget
-
Football2 days agoPost-World Cup Shake-Up: Managerial changes, record transfers dominate football headlines