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.
-
Aviation1 week agoGrenada grants visa-free entry to Nigerians, plans direct flight route to boost investment ties
-
Latest1 week agoAkpabio denies promising APC tickets to defeated Senators
-
Business4 days agoThe Pros and Cons of Nigeria’s $10bn Surge in Capital Importation
-
Politics7 days agoADC aspirant leads mass defection to APC in Kebbi
-
Football6 days agoChristian Eriksen stable after collapsing during Denmark–Ukraine friendly
-
Featured4 days agoNigeria must move beyond zoning, choose leaders based on competence ahead of 2027 – Baba-Ahmed
-
Latest4 days agoKwankwasiyya dismisses reports of Kwankwaso’s exit from NDC
-
Latest5 days agoObasanjo’s daughter quits APC, alleges marginalisation over Ogun governorship ticket process