The Supreme Court had in a split decision of four-to-one set aside the conviction and sentencing to seven years imprisonment of Sen. Peter Nwaoboshi for offences of fraud and money laundering. In a lead judgment by Justice Emmanuel Agim, the apex court held that Nwaobishi and the two companies...
money laundering
A compliance officer at Access Bank Plc., Mr Elijah Adegboye, on Monday testified in the trial of social media celebrity, Ismaila Mustapha (alias Mompha), charged with laundering six billion Naira. The News Agency of Nigeria (NAN) reports that Mompha was not present during Monday’s proceedings. Adegboye was led in...
A civil society group, Justice and Equity Forum, has urged President Bola Tinubu not allow interested individuals to interfere in the ongoing investigation of former Ekiti Governor, Kayode Fayemi by the anti-graft Economic and Financial Crimes Commission (EFCC) over alleged money laundering. The forum made the call in a...
By BARBARA KALU, Port-Harcourt The Economic and Financial Crimes Commission, EFCC, has charged real estate operators in Port Harcourt and its environs to be professional and ensure due diligence in dealing with their customers. Assistant Commander of the EFCC, Ibinabo Mary Amachree gave the charge in a welcome address...
A Federal High Court, Abuja on Monday, awarded a N10 million fine against Mr Festus Keyamo, the immediate-past Minister of State for Labour and Employment, for filing a frivolous suit against Alhaji Atiku Abubakar, the Peoples Democratic Party (PDP)’s presidential candidate in the Feb. 25 election. Justice James Omotosho,...
Justice Inyang Ekwo of a Federal High Court, Abuja, has warned those sending him private messages in the N5 billion suit filed by the EFCC against Sen. Stella Oduah and others to desist from intruding into his privacy. Justice Ekwo gave the warning on Monday during the hearing of...
A Federal High Court, Abuja, on Monday, fixed June 28 for judgment in a suit filed by Prof. Dibu Ojerinde, former Registrar, Joint Admissions and Matriculation Board (JAMB), against the Independent Corrupt Practices and other related offences Commission (ICPC) for alleged unlawful arrest. Justice Obiora Egwuatu fixed the date...
The Economic and Financial Crimes Commission (EFCC) on Monday said the social media celebrity, Ismaila Mustapha (alias Mompha), charged with N6 billion money laundering had been re-arrested. The EFCC counsel, Mr Suleiman Suleiman, told an Ikeja Special Offences Court that the prosecution in collaboration with its international partners had...
A Federal High Court in Lagos on Monday adjourned untill May 15 and May 16 the continuation in the trial of a former Executive Secretary of the National Health Insurance Scheme (NHIS), Oluwafemi Thomas. Thomas is standing trial alongside a bureau de change operator Kabiru Sidi, on a four...
The Attorney-General.of the Federation (AGF), Mr Abubakar Malami, SAN, on Tuesday, took over a N1.84 billion money laundering suit against Nicholas Ashinze, a former military assistant to Col. Sambo Dasuki (rtd.) and eight others. The News Agency of Nigeria (NAN) reports that Dasuki was the ex-National Security Adviser (NSA)...
By SADIQ ABUBAKAR, Maiduguri – The Economic and Financial Crime Commission (EFCC) has organized a one day investigative training workshop for journalists on effective reporting of money laundering and terrorism financing. NATIONAL ACCORD reports that the workshop was held on Thursday at EFCC Zonal Command’ Conference Hall in Maiduguri....
The Economic and Financial Crimes Commission (EFCC) says the commission is beaming its searchlight on suspected fraudsters using real estate for money laundering. Chris Mishela, a lawyer with the commission, disclosed this in Benin during a training for journalists on effective reporting of economic and financial crimes. Mishela said...
The Economic and Financial Crimes Commission (EFCC) has urged Non-profit Organisations (NPOs) in the Northeast to work with the commission to tackle terrorism financing and money laundering in the region. The NPOs have been engaged in various humanitarian causes following the devastation caused by years of insurgency and terrorism...
BY ANKELI EMMANUEL, Sokoto – Justice Abubakar Mahmud Talba of the Appeal Court Sokoto Division on Friday sentenced two Chinese nationals, Mr Meng Wei Kun and Mr Xu Kuai to 3 years jail terms each having been found guilty of count 1 and 2 out of the 3 charges...
The absence of the four children of Prof. Dibu Ojerinde, former Registrar, Joint Admissions and Matriculation Board (JAMB), in a Federal High Court, Abuja, stalled their arraignment on Friday. The News Agency of Nigeria (NAN) had earlier reported that Ojerinde and his children; Mary Funmilola, Olumide Abiodun, Adedayo and...
Economic and Financial Crimes Commission (EFCC), on Thursday, arraigned two men, Taiwo Oluwadahunsola and Adebola Adetayo, before an Ikeja Special Offences Court for allegedly laundering the sum of N999 million. A company, Green Eagles Agribusiness Solution Limited, was also arraigned alongside the defendants on a 19-count-charge, bordering on money...
The Economic and Financial Crimes Commission (EFCC) on Wednesday sought revocation of bail granted a former Speaker of Lagos State House of Assembly, Adeyemi Ikuforiji, facing N338.8 million money laundering charges. Ikuforiji and his former Personal Assistant, Oyebode Atoyebi, are facing a 54-count charge before a Federal High Court...
The Economic and Financial Crimes Commission (EFCC ) says Sen. Peter Nwaoboshi, who was sentenced to seven years imprisonment for money laundering in absentia, has finally been remanded in Ikoyi Custodial Centre, Lagos. EFCC Spokesperson Wilson Uwujaren, who confirmed this in a statement on Wednesday in Abuja, said that...
The Supreme Court on Thursday granted a reprieve to the jailed Senator Peter Nwaoboshi by reversing the downward hearing date in the appeal challenging his seven years imprisonment for corruption. The hearing date in his appeal against the conviction was slated for Nov. 24, 2024, but was, however, brought...
The United Kingdom subsidiary of GT Bank has been slapped a N4.1 billion fine (7.6 million pounds) on account of what the country’s financial watchdog assessed as failures in the bank’s anti-money laundering systems and controls. Reuters reported on Tuesday that the bank had paid the fine and it...