Oba Of Lagos Lends Support To EFCC In Fight Against Corruption

The Oba of Lagos, His Royal Majesty, Oba Rilwan Babatunde Osuolale Aremu Akiolu I, has assured the Economic and Financial Crimes Commission, EFCC, of the full support and commitment of the state’s traditional institution in the fight against corruption and other economic and financial crimes.

He gave the assurance on Thursday, April 30, 2026, in Lagos while receiving the Acting Zonal Director of the EFCC , Lagos Zonal Directorate 2, ACE1 Bawa Usman Kaltungo, who led a delegation of top officers of the Commission on a courtesy visit to his palace.

Oba Akiolu described the visit as a mark of respect not only to the traditional institution of Lagos, but also to the enduring values of integrity, justice, and collaboration.

Eereporter.com
“The Palace of Lagos regards the mission of the EFCC not merely as an administrative responsibility, but as a moral crusade. In a global economic hub such as Lagos, the integrity of the financial system is the very foundation of prosperity”, he said.

The monarch further described corruption as a shadow that must be dispelled by the light of transparency and the firm hand of justice.

While commending the EFCC’s relentless efforts to root out corruption and financial crimes, he noted that the anti-graft war requires strong institutions and collective resolve.

“Your request for fatherly support is hereby granted with the full weight of the Throne. The wisdom of this Palace is rooted in the eternal truth that righteousness exalts a nation. Together with the Council of Chiefs, we pledge our cooperation in fostering a culture of accountability that will resonate across Lagos and beyond”.

Earlier, Kaltungo thanked the monarch for the warm reception and conveyed the greetings of the EFCC Executive Chairman, Ola Olukoyede.

Recalling his first encounter with Oba Akiolu at the outset of his career in 2004, he said: “I am here to formally introduce myself as the Acting Zonal Director of EFCC Lagos Zonal Directorate 2, Okotie Eboh, Ikoyi, Lagos.

“Today, I feel like I am coming home to see my father, now that I am back at the Lagos Directorate.”

Oba Of Lagos

He added that the visit was also aimed at strengthening the relationship between the traditional institution and the Commission’s efforts to promote integrity, transparency, and accountability.

“Today, my team and I consider it both necessary and respectful to seek an audience with you, acknowledging your fatherly role in the state and fulfilling our mandate to engage critical stakeholders in the fight against economic and financial crimes,” he said.

Kaltungo further noted that traditional leaders play a pivotal role in shaping societal values and promoting honesty and fairness, adding that “We pray for your continued wisdom and guidance, and we are confident that, together, we can strengthen the foundation of integrity for the benefit of all.”

EFCC Grills Managing Director, Paramount Energy Limited For Alleged N72.3m Fraud In Enugu

Operatives of the Enugu Zonal Directorate of the Economic and Financial Crimes Commission, EFCC have commenced investigations into the activities of one Ralph Chinazum Ajah, Managing Director, Paramount Energy Limited for an alleged case of obtaining by false pretence and stealing to the tune of N72, 300, 000. 00 (Seventy two million, Three Hundred Thousand Naira).

Eereporter.com
A petitioner alleged that he sent the said sum to Ajah for the supply of petroleum products to some of his branches. The said money was paid in six tranches between April 11, 2022 and May 24, 2022.

“After he collected the money, he kept promising to supply the products as agreed but failed to do so which then prompted us to do preliminary investigations and we discovered that Chinazumah Ajah and his company do not have the capacity to supply the products and he deliberately defrauded us of our business capital”, the petitioner said.

EFCC

However, investigations revealed that the suspect used the account of his company, Paramount Energy Limited, to receive the said sum after which he transferred the money into his account for personal use.

The suspect will be charged to court as soon as investigations are concluded.

EFCC Not Only Fights Fraudsters, It Also Commends Upright Nigerians, Says Olukoyede

The Executive Chairman of the Economic and Financial Crimes Commission, EFCC, Mr Ola Olukoyede has disclosed that the Commission places a premium on commending upright Nigerians for upholding anti-corruption values as well as holding fraudulent ones accountable for their criminal engagements.

He made this disclosure in Abuja on Wednesday, April 29, 2026 while making a speech at the Business Grant Award Ceremony convened by the Jerry Eze Foundation. The EFCC boss narrated how the Commission investigated Pastor Jerry Eze , Founder of Streams of Joy International for money laundering for six months and found out that he was not involved in any form of financial crime. “ I want to let Nigerians know that EFCC is not just about investigating and prosecuting fraudsters, it is also appreciating and commending Nigerians who are not involved in any form of economic and financial crimes.

Eereporter.com
I commended Pastor Jerry Eze when our investigations showed that he was not involved in money laundering”, he said.

He warned religious leaders against corrupt practices, stressing that integrity should be the watchword of adherents of every religion.

On the 240 small-scale business owners that the Jerry Eze Foundation supported with a grant of $3000 each, the anti graft leader pointed out that such a gesture was a good way of making statement about impact and nation building, stressing that Nigerians should always strive to make such a statement by impacting lives around them.

He commended President Bola Tinubu for allowing the EFCC to release N100billion from its Recovery Account to the Nigerian Education Loan Fund and Nigerian Consumer Credit Corporation as seed capital for their take-off.

Olukoyede

“Now, we are working on a Cyber Crime Research Centre to empower our youth in the area of information technologies for the optimization of their talents. We believe that our youths can deploy their talents to socially-beneficial purpose”, he said.