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Money Laundering

FILE PHOTO - The former president of the Institute for Works of Religion (IOR) Angelo Caloia is seen during the first hearing of his trial at the Vatican, May 9, 2018. Picture taken May 9, 2018. Osservatore Romano-Handout via REUTERS

Former head of Vatican bank guilty of embezzlement, money laundering

A court on Thursday convicted Angelo Caloia, a former head of the Vatican bank, on charges of embezzlement and money laundering, making him the highest ranking Vatican official to be convicted of a financial crime.
Atiku Abubakar, presidential candidate of the Peoples Democratic Party (PDP), has again accused President Muhammadu Buhari of clamping down on the judiciary.

Atiku Abubakar urges Joe Biden to remove US travel restrictions on Nigerians

Former Nigeria’s Vice President, Atiku Abubakar, has urged the 46th president of the United States of America, Joe Biden, and his Vice, Kamala Haris, to remove the travel restrictions placed on some Nigerians by the country.
Outgoing US President Donald Trump has “unequivocally condemned” the January 6 breach of Congress by his supporters.

Donald Trump grants clemency to 143 people, but not himself or family members

President Donald Trump, who has repeatedly used his clemency authority as a political tool rather than an act of mercy, issued a final wave of pardons and commutations on his last night in office, delivering relief for a mix of beneficiaries that included former strategist Stephen Bannon, Republican Party and Trump fundraiser Elliott Broidy, and former Detroit Mayor Kwame Kilpatrick, found guilty in 2013 of corruption charges.
Muazu, who appeared as the seventh prosecution would, PW-7, in the ongoing trial of erstwhile Minister of Special Duties and Inter-Governmental Affairs, Taminu Turaki, SAN, said the contractors were mandated to remit part of profits they made from contracts they secured from the Ministry, to assist the lawmakers in their political campaign in 2015.

Taminu Turaki’s trial: We shared contract funds with National Assembly members – ex-director tells court

Former Director of Procurement at Ministry of Special Duties, Mr Gambo Muazu, on Monday, exposed before the Federal High Court in Abuja, how key members of the National Assembly, partook in sharing of kickbacks from contractors.

Court orders judge to resume ‘N1.9 billion fraud’ trial of ex-Niger governor

The Federal High Court sitting in Abuja, on Monday, ordered the resumption of proceedings in the money laundering charge the Economic and Financial Crimes Commission, EFCC, entered against former Governor of Niger State, Dr. Babangida Aliyu.
The Economic and Financial Crimes Commission (EFCC) says an investigation is ongoing on the seized $2.8 million at Akanu Ibiam International Airport, Enugu.

EFCC asks court to inspect $9.8 million, £74,000 in CBN seized from ex-NNPC chief

The Economic and Financial Crimes Commission (EFCC) has urged a Federal High Court in Abuja to visit the Kano branch of the Central Bank of Nigeria (CBN) to inspect the $9,772,800 and £74,000 cash seized from a former Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Engr. Andrew Yakubu.
FILE PHOTO - Barclays chief executive Antony Jenkins poses for the media in London February 12, 2013. REUTERS-Luke MacGregor

Bank of England candidate feels heat from bitcoin’s red-hot rally

A candidate for the Bank of England’s supervisory arm for banks defended on Wednesday his senior role on a bitcoin trading platform, saying it took safeguards against money-laundering very seriously.
Alex Saab is facing money laundering charges for allegedly helping the government of President Nicolas Maduro transfer around $350m (£257m) out of Venezuela.

Court allows Cape Verde to expel Venezuela’s Nicolas Maduro ally

A court in Cape Verde has ruled that a Colombian businessman, who was a special envoy of the Venezuelan government, can be extradited to the United States.
Omoyele Sowore

Sahara Reporters chief Omoyele Sowore remanded in prison

A Magistrate’s court sitting in Wuse Zone 2, Abuja, on Monday, January 4, 2021, ordered that Sahara Reporters Publisher and former presidential candidate, Omoyele Sowore, and four other activists, be remanded in Kuje Correctional Centre pending the hearing of their bail applications.
President Donald Trump stands on the balcony outside of the Blue Room as returns to the White House Monday, Oct. 5, 2020, in Washington, after leaving Walter Reed National Military Medical Center, in Bethesda, Md. Trump announced he tested positive for COVID-19 on Oct. 2. (AP Photo/Alex Brandon)

US closes key money-laundering, tax evasion channel

A major avenue for global money laundering and tax evasion has been closed off by a new law requiring disclosure of owners of US shell companies used to hide billions of dollars.

FBI searches for victims of $28 million Ponzi scheme

The men, Dennis Mbongeni Jali, 35; John Erasmus Frimpong, 40; and 61-year-old Arley Ray Johnson posed as pastors and attended church events to get investments from churchgoers, claiming their work was to help churches and their members achieve personal wealth and financial freedom.
An erstwhile spokesman of the Peoples Democratic Party (PDP), Olisa Metuh, has left Nigeria for the United Kingdom to receive treatment for his deteriorating health condition.

Ex-PDP spokesperson Olisa Metuh leaves Nigeria for UK

An erstwhile spokesman of the Peoples Democratic Party (PDP), Olisa Metuh, has left Nigeria for the United Kingdom to receive treatment for his deteriorating health condition.
Atiku Abubakar, presidential candidate of the Peoples Democratic Party (PDP), has again accused President Muhammadu Buhari of clamping down on the judiciary.

How Atiku Abubakar’s lawyer laundered $2 million through security guard – witness

Shuaibu Shehu, an investigator with the Economic and Financial Crimes Commission, EFCC, and the second prosecution witness at the ongoing trial of Uyiekpen Giwa-Osagie, a lawyer to a former Vice President, Atiku Abubakar, has narrated how the defendant had received an instruction from Atiku to give the sum of $2m to one of his security guards.
Tony Chung, a 19-year-old who led a now-disbanded pro-democracy group, was convicted earlier this month for throwing the Chinese flag to the ground during scuffles outside Hong Kong’s legislature in May 2019.

Hong Kong teen jailed for China flag insult

A Hong Kong teenager was ordered to spend four months in prison on Tuesday for insulting China’s national flag and unlawful assembly as Beijing increasingly targets prominent activists from the financial hub.
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.

Olisa Metuh leaves Kuje prison

Former National Publicity Secretary of the Peoples Democratic Party, PDP, Chief Olisa Metuh, has been released from Kuje prisons following the court judgment that upturned his conviction.
Nicholas Opiyo, a human rights lawyer and founder of Chapter Four Uganda, a Ugandan-based rights organisation, has been held by the police since Tuesday.

Top Ugandan rights lawyer arrested

Nicholas Opiyo, a human rights lawyer and founder of Chapter Four Uganda, a Ugandan-based rights organisation, has been held by the police since Tuesday.
Atiku Abubakar, presidential candidate of the Peoples Democratic Party (PDP), has again accused President Muhammadu Buhari of clamping down on the judiciary.

How Atiku Abubakar’s lawyer laundered $2 million – witness

The ongoing trial of Uyiekpen Giwa-Osagie, a lawyer to a former Vice President, Atiku Abubakar, continued on Monday, December 21, 2020, with the second prosecution witness, Shuaibu Shehu, an investigator with the Economic and Financial Crimes Commission (EFCC) telling Justice Chukwujekwu Aneke of the Federal High Court sitting in Ikoyi, Lagos, how the defendant received instruction from the former Vice President to give the sum of $2m to one of his (Atiku) security guards.
1. Former Chairman of the Pension Reform Task Team (PRTT), Abdulrasheed Maina at the federal high court after his extradition from Niger on Friday. Photo by Gbemiga Olamikan.

Court fixes date for hearing on Abdulrasheed Maina’s defence

Maina’s lawyer, Anayo Adibe, had earlier asked for an adjournment on the ground that he is unable to proceed with his no-case submission due to his inability to access the certified true copy of the court’s record of proceedings.

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The Nigeria Police Force says its investigation shows that Boko Haram, Ansaru and other terror groups are getting support from some Nigerians.

Two ‘kidnappers’ arrested in Ondo

Two young men suspected to be kidnappers have been arrested in Supare Akoko in Akoko South West Local Government Area of Ondo State while trying to abduct a child in his family house.
The Nigeria Police Force says its investigation shows that Boko Haram, Ansaru and other terror groups are getting support from some Nigerians.

Mob sets robbery suspect ablaze in Benue

The Police in Benue on Sunday said a robbery suspect was set ablaze by an angry mob while attempting to steal a motorcycle in Makurdi.
Deputy President to late OPC founder, Otunba Wasiu Afolabi, in a statement on Sunday, further said the arrest order on Yoruba rights activist Sunday Adeyemo popularly known as Sunday Igboho is “misguided and provocative.”

OPC: We’ll deal with killer herdsmen

Deputy President to late OPC founder, Otunba Wasiu Afolabi, in a statement on Sunday, further said the arrest order on Yoruba rights activist Sunday Adeyemo popularly known as Sunday Igboho is “misguided and provocative.”
Donald Trump has reportedly reverted to “self pity-mode” following his impeachment amid frustration that his Republican allies are failing to defend him.

Donald Trump’s coming impeachment trial aggravates rift among Republicans

The coming second impeachment trial of former U.S. President Donald Trump on a charge of inciting the deadly storming of the Capitol has aggravated a rift among his fellow Republicans that was on full display on Sunday.