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Money Laundering

N4.6 billion fraud: Trial of Nenadi Usman, Femi Fani-Kayode stalled

The money laundering trial involving a former Minister of Finance, Nenadi Usman, and Femi Fani-Kayode, was stalled at the Federal High Court, Lagos, on Monday due to the absence of the presiding judge, Justice Rilwan Aikawa.
The Economic and Financial Crimes Commission (EFCC) on Thursday in an FCT High Court in Maitama, re-arraigned a deputy director with the National Emergency Management Agency (NEMA), Emenike Umesi, for alleged misappropriation of N54.3 million.

N587.7 million fraud: ECOWAS staff agrees to forfeit N245 million asset

A senior official of the Economic Community of West African States, (ECOWAS) Commission in Abuja, Mohammed Dangana, has offered to enter a plea bargain to end his ongoing trial.
Brazilian football legend Ronaldinho was behind bars on Saturday after being arrested for entering Paraguay on a fake passport, a judge in Asuncion confirmed Saturday.

Barcelona cut ties with Ronaldinho

Ronaldinho is facing a worst case scenario in his battle to be released from prison after a key witness failed to give evidence and Barcelona cut ties with him.
The Economic and Financial Crimes Commission (EFCC) said it does not want bail for a former Chairman of the Pension Reform Task Team, Abdulrasheed Maina, because he might escape.

N2 billion fraud: Court admits more evidence against Abdulrasheed Maina

Justice Okon Abang of the Federal High Court, Abuja on Wednesday, delivered his reserved ruling on the admissibility of a bunch of evidence sought to be tendered by the prosecution in the ongoing trial of the ex-Chairman of the defunct Pension Reformed Task Team (PRTT), Abdulrasheed Maina.
A lawyer walks through the compound at the Federal High Court in Ikoyi district in Lagos, Nigeria, May 8, 2018. REUTERS/Akintunde Akinleye

Court adjourns former Lagos speaker’s money laundering trial for six months

The money laundering trial of a former Speaker of the Lagos State House of Assembly, Adeyemi Ikuforiji, and his former aide, Oyebode Atoyebi, before the Federal High Court in Lagos was stalled on Wednesday with Justice Mohammed Liman adjourning till September 30.
Former Brazil and Barcelona player Ronaldinho Gaucho

Brazil legend Ronaldinho ‘caught up in money laundering scheme with criminals’

Brazilian legend Ronaldinho has been linked to a possible money laundering scheme – though investigators are unsure over how much he knew of what was happening.
The Economic and Financial Crimes Commission (EFCC) on Thursday in an FCT High Court in Maitama, re-arraigned a deputy director with the National Emergency Management Agency (NEMA), Emenike Umesi, for alleged misappropriation of N54.3 million.

N30 billion fraud: Court orders EFCC to produce witnesses in trial of ex-pensions director

Justice Inyang Ekwo of a Federal High Court on Monday ordered the EFCC to produce its witness on Tuesday in the trial of Phina Chidi, former Deputy Director, Pensions Department, Head of Service over alleged N30 billion fraud.

N8.5bn fraud: General Atewe bought 30,000 units of shares for N170 million – witness

A prosecution witness, Howard Edafe, in the ongoing N8.5billion fraud case involving a former Joint Military Task Force Commander, Maj.-Gen. Emmanuel Atewe (retd.), on March 12, 2020 told Justice Ayokunle Faji of the Federal High Court sitting in Ikoyi, Lagos, how Atewe bought 30,000 units of shares from MTN Links for N170,350,000.00 (One Hundred and Seventy Million, Three Hundred and Fifty Thousand Naira) between 2014 and 2015.
President Cyril Ramaphosa delivers his State of the Nation address at parliament in Cape Town, South Africa, February 13, 2020. REUTERS-Sumaya Hisham

South African court clears President Ramaphosa of misleading parliament, money-laundering

South Africa’s High Court on Tuesday cleared President Cyril Ramaphosa of lying to parliament about the source of donations to his 2017 campaign to lead the ruling party, setting aside a potentially damaging report by a powerful anti-graft watchdog.
Former Barcelona and AC Milan forward Ronaldinho and his brother were taken into custody for allegedly attempting to enter the country with ‘adulterated’ documents

Ronaldinho, brother detained over ‘fake’ passports

Former Barcelona and AC Milan forward Ronaldinho and his brother were taken into custody for allegedly attempting to enter the country with ‘adulterated’ documents
A former Independent National Electoral Commission (INEC) Chairman Prof. Maurice Iwu has arrived the Federal High Court in Lagos for his arraignment.

N1.23 billion fraud: Judge dismisses Maurice Iwu’s application, says he’ll be tried in Lagos...

Justice Nicholas Oweibo of the Federal High Court in Lagos has dismissed an application by a former Chairman of the Independent National Electoral Commission, Prof Maurice Iwu, seeking the transfer of his N1.23bn fraud trial from Lagos to Abuja.
Ayodele Fayose, former governor of Ekiti state, has arrived the federal high court, Ikoyi, Lagos.

N200 million moved from Ayodele Fayose’s residence during electioneering – witness

The fraud trial of former Gov. Ayodele Fayose of Ekiti resumed on Thursday before a Federal High Court Lagos, with a prosecution witness, Mr Johnson Abidakun, testifying that about N200 million was conveyed from Fayose’s premises.
The trial of suspected internet fraudster Ismaila Mustapha alias Mompha started today while he was admitted to bail.

EFCC re-arraigns Mompha over ‘N32.9 billion fraud’

The Economic and Financial Crimes Commission (EFCC) on Wednesday, re-arraigned social media celebrity, Ismaila Mustapha, alias Mompha, in a Federal High Court Lagos, for alleged N32.9billion fraud.
Edo State High Court sitting in Benin City, Edo State

Court adjourns money laundering case against Osagie Ize-Iyamu till March 26

Justice M.G. Umar of the Federal High Court sitting in Benin City, Edo State on Monday adjourned the money laundering case brought against Pastor Osagie Ize-Iyamu, a former governorship candidate of the Peoples Democratic Party, (PDP) in the state and four others by the Economic and Financial Crimes Commission (EFCC) until March 26, 2020.
The United States (U.S.) recently announced the arrest of scores of Nigerians and few other nationals involved in what the Federal Bureau of Intelligence (FBI) described as the largest internet fraud ever committed in the country.

US jury indicts three Nigerians over theft of $348,000

Three Nigerians have been indicted by a US federal grand jury in Bismarck, North Dakota, after investigators said they stole $348,000 from a Dickinson company through a complicated computer fraud scheme.
The immediate past Governor of Oyo State, Chief Abiola Ajimobi, has admonished his successor, Gov. Seyi Makinde, to ensure that he does not lower the bar of governance in the state.

Oyo governor, predecessors trade blames land tussle

In the evening of October 17, last year, plain clothe security men invaded the Agodi GRA, Ibadan property of the immediate past governor of Oyo State, Senator Abiola Ajimobi, which was under construction and chased away workers. The former governor was said to have travelled outside the country, when the incident happened, making his aides to wonder who could have been responsible for the act. =
The former spokesperson for the Peoples Democratic Party, Olisa Metuh, will appeal his conviction and sentencing handed by the Federal High Court in Abuja Tuesday, his lawyer said.

Former PDP spokesperson Olisa Metuh jailed 39 years for money laundering

A Federal High Court, Abuja, on Monday, convicted and sentenced former National Publicity Secretary of Peoples Democratic Party, PDP, Chief Olisa Metuh, to 39 years imprisonment for money laundering.
The former spokesperson for the Peoples Democratic Party, Olisa Metuh, will appeal his conviction and sentencing handed by the Federal High Court in Abuja Tuesday, his lawyer said.

Jailed former PDP spokesperson Olisa Metuh’s lawyer vows to appeal judgement

The former spokesperson for the Peoples Democratic Party, Olisa Metuh, will appeal his conviction and sentencing handed by the Federal High Court in Abuja Tuesday, his lawyer said.

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