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Money Laundering Act

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.
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.
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.

Omoyele Sowore arraigned, remanded in DSS custody

The convener of #RevolutionNow protest and publisher of Sahara Reporters, Mr Omoyele Sowore, and his co-defendant, Mr Olawale Bakare, have been remanded in the custody of the DSS.
Atiku Abubakar

Atiku Abubakar’s lawyer, son-in-law detained for ‘money laundering’

Ahead of trial for laundering of $2 million, the Economic and Financial Crimes Commission (EFCC) has detained Abdullahi Babalele, who is a son-in-law to ex-Vice President Atiku Abubakar, and Atiku’s lawyer, Mr. Uyi Giwa-Osagie.
A lawyer walks through the compound at the Federal High Court in Ikoyi district in Lagos, Nigeria, May 8, 2018. REUTERS/Akintunde Akinleye

Judge: I’m authorised by fiat to conclude Kalu’s trial

Justice Mohammed Idris of a Federal High Court in Lagos, Monday, informed parties that he has been authorised by fiat to conclude the fraud trial of a former Governor of Abia, Orji Kalu.
Minister of State for Federal Capital Territory (FCT), Olajumoke Akinjide

EFCC rejects transfer of ex-minister Jumoke Akinjide’s case to new judge

The Economic and Financial Crimes Commission (EFCC) has rejected the transfer of a money laundering case against former Minister of the Federal Capital Territory Mrs Jumoke Akinjide to a new judge.

Court issues bench warrant against ex-Niger governor, PDP candidate

A Federal High Court sitting in Minna, on Thursday, issued a bench warrant against a former governor of Niger State, Babaginda Aliyu, for failing to appear before it.
The Economic and Financial Crimes Commission (EFCC) says an investigation is ongoing on the seized $2.8 million at Akanu Ibiam International Airport, Enugu.

N20 million fraud: Kwara permanent secretary , others to remain in EFCC custody

Four officials of the Kwara state government accused of N20.3 million money laundering by the Economic and Financial Crimes Commission (EFCC) were Wednesday returned to the custody of the anti-graft agency.
The President of the Senate, Dr Bukola Saraki has cautioned politicians against overheating the polity ahead the general elections.

EFCC begins fresh investigation against Senator Saraki

The Economic and Financial Crimes Commission (EFCC) has initiated a fresh investigation against outgoing Senate President, Bukola Saraki.

Appeal court upholds Congolese’s conviction for money laundering, forfeiture of $551,225 to federal government

The Court of Appeal, sitting in Lagos, Tuesday affirmed the conviction of a Congolese, Kutumisana Mbutu Blaise, and forfeiture of $551,225 to the federal government over money laundering.

Money laundering: Absence of counsel stalls trial of lawyer Dele Belgore

Absence of Mr Ebun Shofunde, SAN, defence counsel to Mr Dele Belgore, SAN, has stalled his trial in the N450 million money laundering charge filed in a Federal High Court in Lagos.

Dele Belgore: I had no dealings with Diezani Alison-Madueke

A Senior Advocate of Nigeria (SAN), Dele Belgore, on Tuesday told the Federal High Court in Lagos that he never met or dealt with former Petroleum Resources Minister Mrs. Diezani Alison-Madueke.
Tunde Ayeni

EFCC: Tunde Ayeni took N17.4bn cash from Skye Bank in one year

The Economic and Financial Crimes Commission, EFCC, says a former Chairman of the defunct Skye Bank Plc (now Polaris Bank), Tunde Ayeni, took N17.4bn raw cash from the suspense account of the bank between January 1 and December 31, 2014.

Olisa Metuh insists ex-President Jonathan gave him N400 million

Ex-Publicity Secretary of the Peoples Democratic Party (PDP), Olisa Metuh, told a Federal High Court in Abuja on Tuesday that former President Goodluck Jonathan gave N400million in respect of which he is now being prosecuted.

Court adjourns ex-NAF chief trial until after elections

A Federal High Court in Lagos on Wednesday adjourned the trial of former Chief of Air Staff, Adesola Amosu, a retired Air Marshal and two others, over alleged N21.4 billion fraud until March 6.
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 arrests man with $207,000 at Kano airport

The Economic and Financial Crimes Commission (EFCC) has arrested one Sani Abdullahi, at the Malam Aminu Kano International Airport, over alleged money laundering.
Paul Usoro

NBA chief Paul Usoro arraigned over alleged N1.4 billion fraud, gets N250 million bail

Paul Usoro (SAN), the President of the Nigerian Bar Association (NBA), has been arraigned before the Federal High Court, sitting in Ikoyi, Lagos, over N1.4 billion fraud charge.

Money laundering: Court admits ex-Skye Bank chairman, MD to N50 million bail each

A Federal High Court in Abuja on Monday, admitted Tunde Ayeni, former Chairman of the defunct Skye Bank Plc, now Polaris Bank and a former Managing Director of the bank, Timothy Oguntayo, to bail in the sum of N50 million each.

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Gov. Oluwarotimi Akeredolu of Ondo State has directed public primary and secondary schools submerged by flood in the state to proceed on three weeks’ holiday from Monday.

Ondo denies unconditional release of monarch from prison

Ondo State Government has denied a report that the embattled monarch of Ayetoro town in Ilaje Local Government of the state, Olorunmbe Ojagbohunmi, had been released from the prison unconditionally.
Ibrahim Magu . EFCC

EFCC chief laments widening corrupt practices in Nigeria

The Acting Chairman of the Economic and Financial Crimes Commission (EFCC), Ibrahim Magu, Tuesday lamented the widening scourge of corrupt practices pervading the country.
The Kayode Fayemi administration in Ekiti State says it has defrayed inherited debts to the tune of 31 billion naira since assumption of office.

Ekiti pensioners hail governor for improved welfare in one year

Pensioners in Ekiti State have described the first year of Governor Kayode Fayemi in office as a “huge blessing to them” in terms of better welfare package.

Nigeria Police poorest paid in Africa – ex-PSC chief

Former Chairman of Police Service Commission, Chief Simon Okeke, has described the nation’s police officers as the poorest paid in Africa amidst risks taken in the line of duties.
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 confirms arrest of Instagram celebrity

The Economic and Financial Crimes Commission (EFCC) has confirmed the arrest of a popular Instagram celebrity, Ismaila Mustapha popularly known as ‘Mompha.’