This follows weighty allegations of abuse of office levelled against him.

Mr Bawa has been directed to immediately handover the affairs of his office to the Director, Operations in the Commission, who will oversee the affairs of the Office of the Chairman of the Commission pending the conclusion of the investigation.

The post Breaking: Tinubu Suspends EFCC Boss, Bawa appeared first on Daily Dates Nigeria.

Justice Chizoba Oji, in a ruling, held that “the Chairman Economic and Financial Crimes Commission is in contempt of the orders of this honourable court made on November 21st 2018 directing the Economic and Financial Crimes Commission, Abuja to return to the applicant his Range Rover (Supercharge) and the sum of N40, 000,000.00 (Forty Million Naira).

“Having continued wilfully in disobedience to the order of this court, he should be committed to prison at Kuje Correctional Centre for his disobedience, and continued disobedience of the said order of court made on November 21st, 2018, until he purges himself of the contempt.

“The Inspector General of Police shall ensure that the order of this honourable court is executed forthwith,” the judge said.

Justice Orji rejected the arguments put forward by the lawyer to the EFCC, Francis Jirbo, to justify his client’s action.

The ruling delivered on October 28, a certified true copy (CTC) of which The Nation sighted in Abuja on Tuesday, was on a motion on notice marked: FCT/HC/M/52/2021 filed by Air Vice Marshal (AVM) Rufus Adeniyi Ojuawo, a one-time Director of Operations at the Nigerian Air Force (NAF).

Ojuawo had, in the motion filed by his lawyer, R.N. Ojabo, in a suit marked: FCT/HC/CR/184/2016 complained that the EFCC declined to comply with the order, for the release of his seized property, made by the court in a judgment delivered on November 21, 2018.

The post Why Abuja High Court Convicts EFCC Boss, Sends Him To Kuje Prison appeared first on Daily Dates Nigeria.

Bawa made this known during an interview on Sunrise Daily, a Channels Television programme, Daily Dates Nigeria reports.

According to him, real estate is one of the biggest ways through which money is laundered in Nigeria.

He added that about 90 to 100 percent of resources are being laundered through the sector.

He narrated how the commission investigated a female minister whose name was not disclosed, bought $37.5 million property from a bank, and deposited $20 million in cash.

“One of the problems we have in the country is the real estate. 90 to 100 percent of the resources are being laundered through real estate. Of course, they are being regulated but they are not enough in terms of how they give their returns to the Special Control Unit,” Bawa said.

“We investigated a matter in which a bank MD marketed the property to a minister and agreed to purchase it at $37.5million. The bank then sent a vehicle to her house to evacuate $20million from her house in the first instance.

“The bank succeeded to put it in their system and paid the developer and then a lawyer set up a special purpose vehicle where the title documents were transferred into and of course, he is posing as the owner of the house.

“Without the help of the banker, the minister couldn’t have imagined collecting $20million from anyone with opportunity from the real sector; she could not have thought of where to launder the proceeds of crime.”

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