Home Topics Bureau De Change
Bureau De Change
The Economic and Financial Crimes Commission on Friday closed its case in the N32.9 billion money laundering trial of an internet celebrity, Ismaila Mustapha (alias Mompha), before a Federal High Court in Lagos with the testimony of its 10th witness.
The prosecution on Friday closed its case in the N32.9 billion money laundering trial of an internet celebrity, Ismaila Mustapha (alias Mompha) before a Federal High Court in Lagos.
Mrs Jane Asuquo, an Independent Corrupt Practices and Other Related Offences Commission (ICPC)’s witness, on Wednesday, told a Federal High Court, Abuja, that Haruna Momoh, former Managing Director, Pipelines and Products Marketing Company (PPMC), used his wife, Ochuko, to launder the agency’s 700 million dollars.
Suspended acting National Chairman of EFCC, Ibrahim Magu, has denied flurry of allegations against him, especially as published in the media since he was arrested on 16 June and hauled before Justice Ayo Salami panel probing the activities of the anti-graft agency.
A prior presidential panel, which investigated the suspended acting Chairman of the Economic and Financial Crimes Commission, Ibrahim Magu, indicted him, a report has alleged.
The suspended acting Chairman of the Economic and Financial Crimes Commission (EFCC), Mr Ibrahim Magu, may be facing fresh cases of alleged re-looting of funds recovered by the commission as well as bribery.
The National Association of Bureau De Change (BDCs), Sokoto state chapter, has appealed to the Federal Government to deepen local rice production to achieve national food security.
Alhaji Sani Dauda, a prosecution witness, told a Federal High Court Abuja, on Monday, that Sen. Shehu Sani asked him to give N1 million each to four judges to ”help” his case.
An Economic and Financial Crimes Commission (EFCC) prosecution witness, Abiodun Audu, in the ongoing trial of internet celebrity, Ismaila Mustapha, also known as Mompha, yesterday denied ever meeting him in the course of filing his company’s tax return.
The Economic and Financial Crimes Commission on Monday arraigned two Bureau de Change operators for allegedly laundering $1.6m, said to be proceeds of smuggling.
The Economic and Financial Crimes Commission, EFCC, Kaduna Zonal Office on Wednesday, May 20, 2020, secured a seven years prison term of one Sadiq Mustapha without option of fine, before Justice Mallong Peter of the Federal High Court, Kaduna for obtaining money by false pretence to the tune of N6,100, 000 (Six Million One Hundred Thousand) and operating illegal bureau de change.
With gradual easing of the COVID-19 lockdown in Nigeria and elsewhere, Central Bank of Nigeria (CBN) says it has resumed provision of foreign exchange to all commercial banks for onward sales to parents wishing to pay schools fees and SMEs wishing to make essential imports needed to revamp economic activities across the country.
The Central Bank of Nigeria (CBN) has suspended sales of foreign exchange to Bureau de Change (BDCs) until the COVID-19 pestilence is over.
As the battle to save the Naira from a free fall ensues, the Central Bank of Nigeria (CBN) has resumed a weekly rate regulation, with independent money transfer operations ordered to sale at N376/$1 to banks while end-users will get the US Dollar at N380.
President Muhammadu Buhari has directed the Presidential committee on the impacts of Covid-19 on Nigeria’s economy to ensure that investments and the business of government continue to run without hitches.
The Federal High Court in Lagos on Friday dismissed the no-case submission filed by a former Executive Secretary, National Health Insurance Scheme, Dr Femi Thomas, in response to the $2.2m fraud charges filed against him by the Economic and Financial Crimes Commission.
The Special Adviser to the Edo State Governor on Media and Communication Strategy, Mr. Crusoe Osagie, has said Governor Godwin Obaseki delivers sustainable projects to better the lives of Edo people and does not go about stuffing dollars in babariga, like the Kano State Governor, Abdullahi Ganduje.
Malam Shehu Sani, who represented Kaduna Central in the Senate from 2015 to 2019, has called on the Kaduna state government and security agencies to seek out better strategies toward ending killings in the state.
Governor David Umahi of Ebonyi State, Friday, called on President Muhammadu Buhari to increase funding and logistics to the Nigeria Army, rather than contemplating sacking the Service Chiefs.
China sentenced another Canadian to death on drugs charges Friday, the second in two days to be handed the punishment, as tensions soar between Beijing and Ottawa.
Fifteen passengers and a pilot have been reported dead after an Air India Express flight skidded off the runway at Calicut international airport in Kerala.
Thousands marched in Berlin on Saturday to protest against measures imposed in Germany to stem the coronavirus pandemic, saying they violated people's rights and freedoms.
Napoli coach Gennaro Gattuso is now thinking about his side’s UEFA Champions League last 16 second leg match against Barcelona at Camp Nou after rounding off their 2019/20 Serie A campaign.
The Chief Judge of the Federal High Court of Nigeria, Justice John Tsoho, and members of his immediate family have tested negative for coronavirus otherwise known as COVID-19.
The deputy governor sued for calm and enjoined the residents of the state to follow the safety protocols highlighted by the government and health authorities. He stressed that the state government is determined to flatten the curve of Coronavirus and curb community transmission
The All Progressives Congress has said the governor of Edo State, Godwin Obaseki, was responsible for numerous siege to the Edo Assembly complex.