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Money Laundering

The trial of the former Director General, Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), Bature Masari has been adjourned till Dec. 12 .

Trial of ex-SMEDAN boss continues in December

The trial of the former Director General, Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), Bature Masari, has been adjourned till Dec. 12 .
The Economic and Financial Crimes Commission, EFCC, has taken anti-corruption stakeholders around some forfeited properties belonging to former petroleum minister, Diezani Alison-Madueke and former Niger Delta Development Commission, NDDC, Director, Finance and Administration, Henry Ogiri in Port Harcourt.

EFCC shows assets forfeited by Deziani Alison-Madueke, Henry Ogiri in Port Harcourt

The Economic and Financial Crimes Commission, EFCC, has taken anti-corruption stakeholders around some forfeited properties belonging to former petroleum minister, Diezani Alison-Madueke and former Niger Delta Development Commission, NDDC, Director, Finance and Administration, Henry Ogiri in Port Harcourt.
Ayodele Fayose, former governor of Ekiti state, has lost out in his bid to be granted bail by the federal high court in Lagos.

EFCC begins witnesses recall in ex-Govenror Fayose’s N2.2 billion fraud case

The trial of former Ekiti State Governor, Ayodele Fayose, for an alleged N2.2bn fraud started afresh on Monday, with the Economic and Financial Crimes Commission recalling its first witness.

Court dismisses Olisa Metuh’s no-case submission in ‘destruction of evidence’ trial

The High Court of the Federal Capital Territory in Maitama, Abuja, on Thursday, dismissed the no-case submission filed by a former National Publicity Secretary of the Peoples Democratic Party, Olisa Metuh, to stop his criminal trial for alleged destruction of evidence.
A lawyer walks through the compound at the Federal High Court in Ikoyi district in Lagos, Nigeria, May 8, 2018. REUTERS/Akintunde Akinleye

EFCC re-arraigns Atiku Abubakar’s lawyer for allegedly laundering $2 million

The EFCC on Tuesday re-arraigned a lawyer to Atiku Abubakar, the presidential candidate of the Peoples Democratic Party, Uyiekpen Osagie-Giwa, and his son, Erhunse Giwa-Osagie, before the Federal High Court in Lagos on a three-count charge of money laundering to the tune of $2 million.
Chatham House

Chatham House: $582bn stolen from Nigeria since 1960

An estimated $582 billion has been stolen from Nigeria since independence in 1960.
Kola Ologbondiyan

PDP: Buhari presidency now a den of thieves

The arrest of yet another scammer linked with the Buhari Presidency further confirms that the Presidency under President Muhammadu Buhari has become a den of thieves, the opposition Peoples Democratic Party, PDP, has said.
A Tunisian appeals court on Wednesday freed presidential candidate Nabil Karoui from prison days before Sunday's second-round runoff election.

Tunisia presidential hopeful walks free from jail in time for runoff

Tunisia's presidential candidate Nabil Karoui received a hero's welcome as he walked free from jail on Wednesday, just days ahead of a runoff against a political newcomer.
President John Magufuli. AFP Photo-Daniel Hayduk

Tanzania: Money recovered from economic crimes to finance roads network – President Magufuli

Tanzanian President John Magufuli on Wednesday said that money to be recovered from economic crimes would be used to build nationwide road networks.
The Controller of the Nasarawa State Command of the Nigeria Correctional Service, Emmanuel Okoro, on Thursday refuted reports by a section of the media which claimed there was a jail break at the Keffi Old Prison.

Banker jailed one year for fraud

A Divisional High Court in Osogbo, on Tuesday jailed a 51-year-old banker, Yetunde Adewunmi, for conspiracy and fraud.
Centre For Anti-Corruption and Open Leadership (CACOL)

Money laundering: CACOL lauds federal government, EFCC’s action on Abdulrasheed Maina’s case

The Centre for Anti-Corruption and Open Leadership (CACOL) has applauded the Federal Government and the Economic and Financial Crimes Commission (EFCC) on the confiscation of multi-million naira properties belonging to Abdulrasheed Maina, former chairman of the Pension Reforms Task Team, over money laundering.
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.

EFCC re-arraigns Atiku Abubakar’s son-in-law

The Economic and Financial Crimes Commission (EFCC) on Tuesday, re-arraigned Abdullahi Babalele, said to be son-in-law to former Vice-President Atiku Abubakar, over alleged money laundering charges.

Dasukigate: Olisa Metuh, EFCC to adopt written addresses on November 26

The Federal High Court, Abuja has fixed Nov. 26 for counsel to adopt their final written addresses in the ongoing trial of Olisa Metuh, former Spokesman of the Peoples Democratic Party, (PDP).

Former NIMASA chief forfeits N37.5 million, hotel

Justice Saliu Saidu of the Federal High Court sitting in Ikoyi, Lagos, on Monday, ordered the temporary forfeiture of four bank drafts totalling N37.5m and a hotel, La Diva, belonging to Calistus Obi, a former acting Director-General, Nigerian Maritime Administration and Safety Agency, NIMASA.
Convener of #RevolutionNow protest, Mr. Omoyele Sowore, has arrived the Federal High Court in Abuja for his arraignment on charges of treasonable felony and other sundry offences instituted against him by the Federal Government. 5

#RevolutionNow: Omoyele Sowore’s bail conditions can’t be met – lawyer

Omoyele Sowore, convener of the #RevolutionNow Movement, is still in custody of the Department of State Services (DSS) because his bail conditions have not been met.
Convener of #RevolutionNow protest, Mr. Omoyele Sowore, has arrived the Federal High Court in Abuja for his arraignment on charges of treasonable felony and other sundry offences instituted against him by the Federal Government.

#RevolutionNow: Omoyele Sowore, co-defendant get N150 million bail

Four days after they were arraigned and remanded in custody, the Federal High Court sitting in Abuja, on Friday, granted bail to detained activist and convener of the #RevolutionNow protest, Omoyele Sowore and his co-defendant, Olawale Bakare (aka Mandate).
The Minister of State for Petroleum Resources, Mr. Timipre Sylva, yesterday disclosed that the federal government plans to conduct oil blocks bid rounds in 2020.

Federal government to conduct fresh oil blocks bid rounds in 2020 – minister

The Minister of State for Petroleum Resources, Mr. Timipre Sylva, yesterday disclosed that the federal government plans to conduct oil blocks bid rounds in 2020.

Former permanent secretary jailed for SURE-P fraud

A former Federal Permanent Secretary in the Ministry of Labour and Productivity, Clement Illoh Onubuogo, has been sentenced to five years in jail over N14.1m SURE-P fraud.

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The Controller General of Nigerian Correctional Service, Ja’afaru Ahmed, has set up a panel to investigate Ikoyi Prisons following the exposure of corrupt practices in Nigerian prisons by Fisayo Soyombo, an undercover journalist.

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