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...
money laundering
Reality Star, Mercy Eke sits with Chude Jideonwo, host of the viral TV show, #WithChude to discuss accusations the media peddle against her and life after Big Brother Naija. On her choice to respond to the blogger who claimed she slept with IVD, she shared, “This blogger has been on my case since forever. This person...
The Economic and Financial Crime Commission (EFCC) and Coalition of Activists with former President of the Nigerian Bar Association, Dr Olisa Agbakoba (SAN), are at loggerhead over alleged money laundering in Kogi. The disagreement between the two sides began on Thursday when the nephew to Gov Yahaya Bello, Aliyu...
Mr Doyin Okupe, former Senior Special Assistant (SSA) on Media to ex-President Goodluck Jonathan, on Monday evening, paid the sum of N13 million for the 52-year jail term bagged for N240 million money laundering offence. The News Agency of Nigeria (NAN) reports that Justuce Ijeoma Ojukwu, in a judgment,...
A Federal High Court, Abuja, on Monday, convicted and sentenced Mr Doyin Okupe, former Senior Special Assistant (SSA) on Media to ex-President Goodluck Jonathan, to two years imprisonment. Justuce Ijeoma Ojukwu, in a judgment, found Okupe guilty in 26 out of the 59 counts preferred against him by the...
A Federal High Court in Abuja has convicted the Director-General of the Peter Obi Presidential Campaign Doyin Okupe over money laundering. The Economic and Financial Crimes Commission (EFCC) had arraigned the Director-General of the Peter Obi Presidential Campaign in 2019 on a 59-count charge bordering on alleged money laundering...
The Court of Appeal on Wednesday fixed Feb.8 for to hear Abdulrasheed Maina’s appeal challenging the judgment of a trial court sentencing him to eight years imprisonment for N2 billion pension fraud The Economic and Financial Crimes Commission (EFCC) arraigned Maina before Justice Okon Abang of a federal high...
The Court of Appeal on Thursday upheld the conviction of Faisal, the son of the jailed former Chairman of the defunct Pension Reform Taskforce Team (PRTT), Abdulrasheed Maina, for conspiracy and money laundering. In addition, a three-member panel of the appellate court reduced his term of imprisonment from 14...
Gov. Bello Matawalle of Zamfara has offered to allow the Economic and Financial Crimes Commission (EFCC) to search the property it alleged to have discovered “humongous amount of money for laundering through cash payment of salaries.” Matawalle made the offer on Thursday in a statement issued In Gusau by...
Two lawyers have urged the Economic and Financial Crimes Commission (EFCC) to stop making blanket statements against other professionals. The lawyers gave the advice on Tuesday while reacting to the allegation made by the commission’s chairman, that lawyers were involved in using their law firms to aid politicians launder...
A Federal High Court in Abuja is to hear a preliminary objection filed by Sen. Rochas Okorocha, praying for an order quashing the Economic and Financial Crimes Commission (EFCC)’s N2.9 billion charge against him on Nov. 22. Justice Inyang Ekwo adjourned the matter to allow EFCC’s counsel, G.K. Latona,...
Foremost lawyer and human rights activist, Chief Femi Falana, has advised the Economic and Financial Crimes Commission (EFCC) to prosecute any lawyer involved in acts of money laundering. Falana, a Senior Advocate of Nigeria (SAN), gave the advice while speaking with the News Agency of Nigeria (NAN), in reaction...
A U.S. court has sentenced popular Nigerian Instagram celebrity, Abbas Ramon, aka Hushpuppi, to 11 years imprisonment over fraud and money laundering. He was sentenced by Judge Otis Wright of the United States Central District Court in California on Friday, November 4, 2022. Recall that in June 2020, the...
The Independent Corrupt Practices and other related offences Commission (ICPC), on Wednesday, arraigned Prof. Alex Akpa, former acting Director-General, National Biotechnology Development Agency (NABDA), and others over alleged N400 million fraud. Prof. Akpan, Famous Daunemigha, ex-member, Governing Board of NABDA and Wesley Ebi Siasia, ex-Director, Finance and Accounts of...
The trial of a former Governor of Ekiti, Ayodele Fayose, for alleged money laundering could not proceed on Wednesday before a Federal High Court in Lagos, following a mix up in date The case which was earlier scheduled for continuation of trial, could however, not proceed due to the...
The Federal High Court, Abuja on Wednesday, insisted that Mr Kanu Agabi (SAN) was the counsel on record representing former Governor of Adamawa, Muritala Nyako in his ongoing alleged N29 billion money laundering case. The trial judge, Justice Okon Abang said this in a short ruling following the announcement...
. The Attorney-General of the Federation(AGF), Abubakar Malami, has given the Economic and Financial Crimes Commission (EFCC) approval to prosecute former Aviation Minister, Sen. Stella Oduah, and others on alleged N5 billion fraud. Prosecuting counsel, Hassan Liman, SAN, on Wednesday, informed Justice Inyang Ekwo of a Federal High Court,...
An Ikeja Special Offences Court on Wednesday ordered the continuation of the the trial of the media celebrity, Ismaila Mustapha (alias Mompha), charged with alleged six billion Naira laundering, in absence. The News Agency of Nigeria (NAN) reports that Justice Mojisola Dada adjourned until fNov.16 “Make sure you bring...
A Federal High Court sitting in Lagos State has granted bail to the Speaker of the Ogun State House of Assembly, Olakunle Oluomo, in the sum of N300m with two sureties in like sum. Justice Daniel Osiagor on Tuesday granted bail following no objections from the EFCC. thye Speaker...