The Enugu state government (ESG) has called out Olasijibomi Ogundele, CEO of Sujimoto Luxury Construction Limited, over his crying theatrics, after defrauding the state of N5.7 billion. In a statement released on Friday night, Malachy Agbo, commissioner for information in Enugu, accused Ogundele of premeditated fraud, stating that his video was just to draw public […]
Ola Olukoyede, chairman of the Economic and Financial Crimes Commission (EFCC) has revealed that many abandoned estates in Abuja are owned by people who have stolen public funds. Olukoyede made the statement on Wednesday in Abuja at a policy dialogue organised by Law Corridor with the theme, “Critical Issues Affecting Nigeria’s Real Estate Ecosystem.” He […]
BY ORIAKU IJELE & CHIBUZOR DURU The fight against corruption and money laundering will in the next few weeks get tougher following revelations that the Economic and Financial Crimes Commission will redirect its attention to very unfamiliar but critical sectors of the nation. Saturday Times gathered that the Economic and Financial Crimes Commission, EFCC will […]
A Federal High Court (FHC), Abuja has fixed Feb. 14, 2022 for the commencement of trial of a British national, James Nolan, over allegations bordering on money laundering. Justice Donatus Okorowo fixed the date in view of the valedictory court session held on Monday in honour of the former Chief Judge of FHC, Late Adamu […]
The absence of counsel to the Economic and Financial Crimes Commission (EFCC) and the former Minister of Petroleum Resources, Diezani Alison-Madueke, in court on Wednesday stalled the money laundering trial. The News Agency of Nigeria (NAN) reports that a Federal High Court, Abuja had fixed today, Nov. 3, for the EFCC to give a report […]
The Economic and Financial Crimes Commission (EFCC) has dismissed insinuations that it has dropped money laundering charges against the former Attorney General of the Federation and Minister of Justice, Mr Mohammed Adoke. Spokesperson of the Commission, Mr Dele Oyewale, in a statement on Friday in Abuja, said that there was no truth in some media […]
*To investigate illicit financial flows, invites ministers, heads of MDAs The Senate on Wednesday moved to block Nigeria’s revenue loss to money laundering, tax evasion by international oil companies operating in the country (IOCs), proceeds of corruption and other criminal activities involving illicit financial flows. The decision followed resolutions reached sequel to the consideration of […]
The Economic and Financial Crimes Commission (EFCC) on Tuesday arraigned a former Senior Special Assistant to the Kwara state Governor on Sustainable Development Goals (SDGs), Ope Saraki before Justice Babangana Ashigar of the Federal High Court, Ilorin, Kwara state for money laundering. Saraki, a cousin to the immediate past Senate President, Bukola Saraki is facing charges for […]
Lagos – Justice Mohammed Liman of the Federal High Court in Lagos on Monday ordered that a socialite, Ismaila Mustapha (a.k.a. Mompha), should be remanded over alleged N33. billion money laundering. Liman gave the order following Mustapha’s not guilty plea to a 14-count charge. The judge said that the defendant should be kept in the […]
Embattled former Group Managing Director of Nigerian National Petroleum Corporation (NNPC), Mr. Andrew Yakubu, on Wednesday asked the court for a date to present his ‘no case submission’ argument and address. The application the defendant filed challenging the charges against him could not be heard yesterday because prosecution counsel was absent in court. In the […]
…Lebanese’ arrest sequel to intelligence report …We’ll soon charge him to court – EFCC Operatives of the Economic and Financial Crimes Commission (EFCC) on Friday made huge catch with its zero tolerance for money laundering when it arrested one Abbas Lakis, a Lebanese with $2,104,936 millon United States dollar cash at the Nnamdi Azikiwe International […]
…Says heavy penalty awaits any erring banks …MPC holds interest rate at 14%, CRR at 22.5%, Liquidity at 30% The Central Bank of Nigeria (CBN) has warned Deposit Money Banks (DMBs) in the country to be extremely careful not to violate the money laundering Act, stressing that any bank which breaches the act “will be […]
…Try him in absentia, says prosecution Former National Security Adviser (NSA), Col Sambo Dasuki (rtd) on Tuesday said he would no longer appear in court for his trial over alleged illegal possession of firearms and money laundering until the Federal Government obey valid court orders admitting him to bail. Apart from the charge of illegal […]
Justice Gabriel Kolawole of the Federal High Court Abuja, on Wednesday adjourned till July 4 for the continuation of trial of former Benue State Governor, Gabriel Suswam and two others on 32-count money laundering charges. The judge adjourned the trial after the evidence of the second prosecution witness, Mr. Ochoga Peter Esuh. After the evidence […]
• As Lagos director forfeits N28.5m, houses A Federal High Court in Lagos, on Thursday, ordered a businessman, Ani Paulinus Onyeka, to forfeit $700,000 out of the $1, 909,140 he allegedly laundered to the Federal Government. The Economic and Financial Crimes Commission (EFCC) had accused Onyeka of laundering $1, 909, 140, but, he entered a […]
For the third time in a row, the Economic and Financial Crimes Commission (EFCC) on Tuesday re-arraigned a Senior Advocate of Nigeria, Dele Belgore and a former Minister for National Planning, Prof. Abubakar Sulaiman before a Federal High Court, Ikoyi, Lagos. The two defendants who were alleged to have laundered the sum of N450 million […]
The Economic Community of West African States (ECOWAS) has spent $197 million out of its $230.2 million expenditure for 2017. Its total income for the year budget stood at $267.9m. Of the expenditure, the Commission spent $146m, its parliament spent $19.86m; the Community Court of Justice $17.2m; West African Health Organisation, $33.1m; and the Intergovernmental […]
A Federal High Court in Lagos on Monday fixed March, 7, to rule on the provision of a witness statement, in the trial of a former governor of Abia, Orji Uzor Kalu, charged with money laundering. The Economic and Financial Crimes Commission (EFCC) had on Oct. 31, 2016, preferred a 34-count charge bordering on N3.2 […]
Kabiru, the first son of Osun State Governor, Rauf Aregbesola, has asked a national daily (not Daily Times) to re-publish the apology written to retract a story alleging that he was arrested for money-laundering at the Murtala Muhammed International Airport, Lagos. The national daily on Friday, May 15, 2015 carried a story titled “Controversy Trails […]
Governor Rauf Aregbesola of Osun State has denied the involvement of any of his children’s in money laundering. The Director, Bureau of Communication & Strategy, Office of the Governor, Mr Semiu Okanlawon in a statement on Wednesday said the allegation that Governor Aregbesola’s son was arrested at Muritala Mohammed Airport by security agents on account […]