Money Laundering Prohibition Act
EFCC arraigns Malabu Oil, six others over ‘$1 billion fraud’
The Economic and Financial Crimes Commission, EFCC, on Wednesday, arraigned Malabu Oil & Gas Limited, six other companies and an oil tycoon, Aliyu Abubakar, before the Federal High Court on a 48-count fraud charge.
EFCC arraigns Malabu Oil firm, others over ‘$1 billion money laundering’
The Economic and Financial Crimes Commission (EFCC), on Wednesday, arraigned Malabu Oil and Gas Limited for money laundering offences in connection to the controversial oil block, OPL 245 transactions.
Money laundering I never met with Mompha – witness
An Economic and Financial Crimes Commission (EFCC) prosecution witness, Abiodun Audu, in the ongoing trial of internet celebrity, Ismaila Mustapha, also known as Mompha, yesterday denied ever meeting him in the course of filing his company’s tax return.
EFCC arraigns BDC operators for laundering $1.6 million
The Economic and Financial Crimes Commission on Monday arraigned two Bureau de Change operators for allegedly laundering $1.6m, said to be proceeds of smuggling.
EFCC: Rivers officials withdrew N118 billion in cash in three years
The Economic and Financial Crimes Commission is requesting for interrogation three officials of Rivers State Government, who are implicated in the alleged illegal withdrawal of N118bn public funds.
Chinese national finally forfeits $300,000 to Nigerian government
Justice Babatunde Quadri of Federal High Court, Abuja, on Monday, May 11, 2020, ordered the final forfeiture of $300,000, belonging to a Chinese national, Li Yan Pin, to the Federal Government of Nigeria.
N3 billion fraud: Winifred Oyo-Ita, eight others arraigned, plead not guilty
The immediate past Head of the Civil Service of the Federation, Winifred Oyo-Ita, on Monday, pleaded not guilty to 18-count charge of N3 billion graft.
N2.2 billion fraud trial: How we moved N200 million cash from Ayodele Fayose’s residence...
The N2.2bn fraud trial of former Ekiti State governor, Ayodele Fayose, resumed on Thursday with a banker, Johnson Abidakun, narrating to the court how Fayose in April 2016 invited his bank to move N200m cash from his residence for lodgment in an account in the bank.
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.
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.
Court convicts former PDP spokesperson Olisa Metuh
The Federal High Court in Abuja has found a former spokesperson of the Peoples Democratic Party (PDP), Olisa Metuh, and his company, Destra Investment Ltd, guilty of illegally receiving public funds.
Malabu scandal: Italian judge orders prosecution of Nigerian businessman
An Italian judge has ordered a controversial businessman, Aliyu Abubakar, to stand trial, for his role in the Malabu OPL 245 scandal.
Pension fraud: EFCC files fresh charge against Abdulrasheed Maina’s son, Faisal
The Economic and Financial Crimes Commission (EFCC), on Friday, filed an amended three-count charge against Faisal Maina, son of Abdulrasheed, former Chairman, Pension Reform Task Team.
N700 million fraud: Judge threatens to send Osagie Ize-Iyamu, Paul Orbih, two others to...
Justice M.G. Umar, of the Federal High Court Benin, on Friday, threatened to revoke the bail granted to Mr Osagie Ize-Iyamu, State Chairman of the PDP, Dan Orbih, and three others, if they delayed trial.
Malabu Oil scam: Former AGF begs court to remand him in prison instead of...
The immediate past Attorney-General of the Federation and Minister of Justice, Mohammed Adoke, SAN, on Monday, begged the Federal High Court in Abuja to remand him at Kuje Correctional Center instead of leaving him in custody of the Economic and Financial Crimes Commission, EFCC.
EFCC resumes ‘N33 billion fraud trial’ of Mompha
The N32.9 billion fraud trial of alleged internet celebrity, Ismaila Mustapha (alias Mompha), on Wednesday, continued before a Federal High Court in Lagos State.
Court adjourns ‘N1.4 billion fraud’ trial of NBA President until February 11
A Federal High Court Lagos on Monday, adjourned until Feb. 11 continuation of trial of President of the Nigerian Bar Association (NBA), Paul Usoro, charged with alleged N1.4billion fraud.
Mompha’s ‘N33 billion money laundering’ trial resumes January 15
A Federal High Court in Lagos on Wednesday fixed January 15, 2020 to resume the alleged N33bn money laundering trial of a suspected internet fraudster Ismaila Mustapha, alias Mompha.
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