The Federal Government will, on April 4, arraigned Binance Holdings Limited and its two top officials; Tigran Gambaryan and fleeing Nadeem Anjarwalla, on allegations bordering on tax evasion. The News Agency of Nigeria (NAN) reliably gathered on Thursday that Binance, Mr Gambaryan and Mr Anjarwalla, listed as 1st...
money laundering
By EZEKIEL OBI, Abuja – The Federal Government has confirmed the escape from lawful custody of Nadeem Anjarwalla, a suspect in the ongoing criminal probe into the activities of Binance, a cryptocurrency exchange company. The Head, Strategic Communication, Office of the National Security Adviser (ONSA), Mr Zakari Mijinyawa,, who...
The Economic and Financial Crimes Commission, (EFCC) has increased the alleged money laundering charge preferred against Abiodun Agbele, an ally of the former Ekiti Governor, Ayodele Fayose from 11-counts to 24-counts. The EFCC had in 2016 arraigned Agbele, and five others at the Federal High Court, Abuja on...
The House of Representatives Committee on Financial Crimes has recommended the arrest of the Chief Executive Officer of Bianace Holding Ltd over alleged tax invasion and money laundering in Nigeria. The recommendation followed a motion by Rep. Isah Dogonyaro (APC- Jigawa state) at a public hearing on Monday...
The Federal High Court, Abuja has fixed March 7 to hear a motion filed by former Anambra Governor, Willie Obiano. Obiano is challenging the jurisdiction of the court to hear the alleged N4 billion fraud charge filed against him by the Economic and Financial Crimes Commission, (EFCC). The...
The Chief Executive of Binance Holding Limited, Richard Teng, has been called upon by the House of Representatives Committee on Financial Crimes regarding suspicions of involvement in terrorism financing and money laundering. At a panel discussion on Friday, Ginger Onwusibe, the Chairman of the Committee, issued a notice...
An Ikeja High Court on Friday has ordered that hearing notice be served on the Economic and Financial Crimes Commission (EFCC) in the case of a businessman, Chief Cletus Ibeto, charged with N4.8 billion fraud. The News Agency of Nigeria (NAN) reports that Justice Oyindamola Ogala ordered that...
Dr Olu Agunloye, former Minister of Power and Steel under ex-President Olusegun Obasanjo, has filed a N1 billion suit against the Economic and Financial Crimes Commission (EFCC) over allegations that it published his name on its website’s wanted list. Agunloye, in the suit marked: FHC/ABJ/CS/167/2024 and filed by...
A Federal High Court judge, Justice James Omotosho on Friday, warned the Economic and Financial Crimes Commission, (EFCC) to be diligent in its prosecution of the alleged money laundering charge filed against Ali Bello and Suleiman Daudu or its case would be closed. Omotosho gave the warning while...
Mr Suleiman Dauda, co-defendant to Ali Bello in the ongoing alleged money laundering charge against them has raised objections against the fresh charges filed by the Economic and Financial Crimes Commission (EFCC). At the resumed hearing of the case on Thursday, at the Federal High Court, Abuja, Dauda,...
Money laundering trial of a former Governor of Ekiti state, Ayodele Fayose, could not proceed on Wednesday before a federal high court in Lagos, as the court did not sit. The Judge, Justice Chukwujekwu Aneke, is said to be away on an official assignment. The case...
The plan by Rep Nicolas Mutu (Delta-PDP) to open his defence, on Wednesday, in the alleged N320 million money laundering charge preferred against him by the Economic and Financial Crimes Commission (EFCC) suffered setback at the Federal High Court, Abuja. The matter, which was listed as number one...
An officer of the Economic and Financial Crimes Commission (EFCC), Abubakar Madaki told an FCT high court on Wednesday that Sagir, a son of former governor of Sokoto State, Attahiru Bafarawa wrote his statements voluntarily. Madaki said this while testifying as the 1st prosecution witness (PW2) in the...
A Federal High Court, Abuja has restrained the Economic and Financial Crimes Commission (EFCC) from inviting or investigating Brig.-Gen. Charles Nengite over alleged money laundering offence during his secondment to Niger Delta Development Commission (NDDC). Justice Obiora Egwuatu, who made an order of perpetual injunction, held that the...
The Economic and Financial Crimes Commission (EFCC) has declared Margaret Emefiele, wife of a former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, and three others, wanted for money laundering. Mrs Emefiele, Mr Eric Odoh, Anita Omoile and her husband, Jonathan Omoile, were declared wanted Friday night...
By JOY ADARA, Abuja – A Prosecuting witness Three Pw3, in the trial of Ali Bello and Dauda Suleiman who are being prosecuted by the Economic and Financial Crimes Commission (EFCC), has told Justice James Omotosho of the Federal High Court sitting in Abuja that Suleiman usually comes to...
There was a mild drama in the Federal High Court in Abuja as a prosecution witness, Mr Rabiu Tafada in the ongoing alleged N10 billion fraud charge against Ali Bello, nephew of former Kogi Governor, suddenly told the court that he was not feeling well. Tafada, who is...
Justice Chukwujekwu Aneke of a Federal High Court in Lagos on Tuesday, quashed a criminal charge preferred against a former Chief of Air Staff, Adesola Amosu, and two others over N21. 5 billion money laundering. The Economic and Financial Crimes Commission (EFCC) had re-arraigned the defendants , on...
By JOY ADARA, Abuja – Operatives of the Economic and Financial Crimes Commission (EFCC) have arrested the General Overseer of Faith On The Rock Ministry International, Apostle Theophilus Oloche Ebonyi, for defrauding church members and other Nigerians using fake grants from the Ford Foundation to the tune of N1.3billion....
Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, has said the agency has uncovered a religious sect laundering money for terrorists. Olukoyede, who made the revelation at a one-day dialogue on “Youth, Religion, and the Fight against Corruption.” on Wednesday in Abuja, also said N7...