By Celestine Okafor (Editor-in-Chief) @CelestineOkaf11

The Executive Chairman of the Economic and Financial Crimes Commission, EFCC, Abdulrasheed Bawa, who is the fifth prosecution witness, PW5, in the ongoing trial of Abubakar Ali Peters and his company, Nadabo Energy Limited, for an alleged N1.4 billion fraud, on Wednesday, May 18, 2022, further told Justice C.A. Balogun of the Lagos State High Court sitting in Ikeja, Lagos, that Peters made only one confirmed genuine transaction in the six transactions involved in the oil business with St. Vanessa.

By Celestine Okafor (Editor-in-Chief) @CelestineOkaf11

The Chairman of Independent Corrupt Practices and Other Related Offences Commission (ICPC), Prof. Bolaji Owasanoye (SAN), has underscored the benefits of non-conviction-based asset recovery in the fight against corruption, citing it as a potent tool for “denial of the fruits of wrong-doing as well as recovery of illicit wealth”.

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