Home Topics Money Laundering Prohibition Act
Money Laundering Prohibition Act
Justice Rilwan Aikawa of a Federal High Court Lagos, Friday, dismissed a preliminary objection by embattled Judge of the court, Rita Ofili-Ajumogobia, facing Money Laundering charge.
The Federal High Court in Lagos Monday dismissed a claim by a former Minister of Aviation Chief Femi Fani-Kayode’s claim that extrajudicial statements he made at the Economic and Financial Crimes Commission (EFCC) were not voluntary.
Mr Dele Belgore (SAN), who is being prosecuted for allegedly laundering N450m in the build-up to the 2015 General Election, has told the Federal High Court in Lagos how he distributed part of the money to the police, army, Department of State Services and others.
The Economic and Financial Crimes Commission, EFCC, on Tuesday has re-arraigned a former Minister of State for Power, Muhammad Wakil and four others before Justice J.K. Dagad of the Federal High Court, Maiduguri, Borno State on a seven-count charge bordering on criminal conspiracy and money laundering to the tune of N450 million.
Justice Okon Abang of the Federal High Court, Abuja, has adjourned till July 2, for continuation of hearing in the case involving the former Director General, Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), Bature Masari.
A Federal High Court in Lagos on Tuesday adjourned until June 13, the money laundering trial of a Managing Director of the defunct Intercontinental Bank Plc., Erastus Akingbola.
A prosecution witness, Mr Ibinabo Micheal-West, on Monday, told a Federal High Court sitting in Lagos, that the Niger Delta Development Commission (NDDC) recovered over N100 billion from International Oil companies (IOC).
The Chief Judge (CJ) of the Federal High Court of Nigeria, (FHCN) , Justice Adamu Abdul-Kafarati, has declared that the Economic and Financial Crimes Commission, (EFCC,) has lost confidence in Justice Mojisola Olatoregun in the ongoing trial of the immediate past governor of Ekiti State, Ayodele Fayose.
The Chief Judge (CJ) of the Federal High Court has transferred the trial of the former Governor of Ekiti State, Ayodele Fayose, charged with alleged N6.9 billion fraud, to a new judge.
The Federal High Court in Lagos on Monday sentenced a former acting Director-General of the Nigerian Maritime Administration and Safety Agency, Calistus Obi, to seven years imprisonment for N225m fraud.
Justice H.J.O Oshomah of the Federal High Court sitting in Port Harcourt, Rivers State, has convicted and sentenced Chijioke Ahamefula to three months imprisonment, for aiding and abetting, internet fraud and obtaining money under false pretences in some fraudulent online marketing deals.
Justice Garba Umar of the Federal High Court, Benin City, Edo State, on Friday ordered that Akhigbe Gabriel, a secondary school pupil, be remanded in prison custody for alleged impersonation and internet fraud.
A Federal High Court in Lagos on Friday heard that one of its judges facing money laundering charges before the court, Justice Rita Ofili-Ajumogobia, is on admission at a Lagos hospital and could not stand trial.
Justice Rilwan Aikawa of the Federal High Court sitting in Ikoyi, has dismissed an application filed by Akwa Ibom State Governor, Emmanuel Udom, seeking to quash the entire charge preferred against Paul Usoro, SAN, President, Nigerian Bar Association, NBA, by the Economic and Financial Crimes Commission, EFCC.
A Lagos Division of the Federal High Court on Tuesday ordered the remand in the Economic and Financial Crimes Commission’s custody of a man accused of a N492.5 million fraud.
Justice Ijeoma Ojukwu of a Federal High Court, Abuja, has adjourned the trial of a former Chairman, Board of Directors, Skye Bank Plc (now Polaris Bank), Tunde Ayeni, to July 2, 2019.
The bill is seeking to establish the Proceeds of Crimes Recovery and Management Agency (POCA), which will strip the Economic and Financial Crimes Commission (EFCC) and six other agencies of powers to seize assets or invoke the forfeiture clause. It has been sent to the President.
The Economic and Financial Crimes Commission, EFCC, has re-arraigned a former Chairman, Board of Directors, Skye Bank Plc (now Polaris Bank), Tunde Ayeni, and the former Managing Director, MD of the Bank, Timothy Ajani Oguntayo, before Justice Ijeoma Ojukwu, of a Federal High Court, Abuja, on an eight-count charge bordering on money laundering to the tune of N8 billion.
A final year student of the Cross River State University of Technology (CRUTECH) was brutally killed on Monday morning.
The Delta State chapter of the All Progressives Congress (APC) Monday mocked a leader of the party in the state, Olorogun O’tega Emerhor, following failed court cases he filed against the party through an executive faction led by Cyril Ogodo.
Facebook will not launch the cryptocurrency Libra until it has “fully addressed regulatory concerns,” according to David Marcus, the head of Facebook’s Calibra. The remarks are prepared testimony he plans to give tomorrow, in front of the US Senate Banking Committee.
A graduate of Insurance from the Polytechnic, Ibadan, Oyaremi Olabode, was on Monday convicted of criminal impersonation and sentenced to four months in prison.
Speaker of the House of Representatives, Hon. Femi Gbajabiamila, has said that the 9th National Assembly would give special budgetary attention to the three Senatorial Districts of Zamfara State in order to resolve the issue of insecurity.
The FIFA Women’s World Cup will once again take the centre stage with the hosting of the first-ever FIFA Football Conference aimed at analysing the women’s showpiece.
Barcelona new signing Frenkie de Jong reveals why he joined the La Liga Champions when the Camp Nou directors made the offer to sign him.
The Lagos State Government will begin the demolition of structures and shanties under high tension cables in Lekki area of Lagos, Southwest Nigeria, on Monday.
Tribunal: President Buhari’s lawyer to play video of INEC chairman ruling out electronic transmission
The Presidential Election Petition Tribunal (PEPT) has suspended sitting till Tuesday for lawyer to President Muhammadu Buhari to play video recordings where Chairman of the Independent National Electoral Commission (INEC), Prof Mahmoud Yakubu, ruled out the adoption of electronic transmission of result of the last general elections.
Some senators on Wednesday advocated for the protection of Nigerian airlines from what they described as unfair competition from their foreign counterparts.