Money Laundering Prohibition Act

A Federal High Court in Lagos has heard how thieves hacked United Bank for Africa (UBA) Plc computers and stole N752 million from a Flour Mills of Nigeria Plc, account.

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.

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).

An alleged internet scammer has been arraigned in court for raking in N30 million through dubious means, forgery, fake representation and obtaining money under false pretence.

Justice Patricia Ajoku of the Federal High Court I sitting in Ibadan, the Oyo State capital, has ordered that one Onifade Gideon Idowu be remanded in prison pending when a case of alleged internet fraud filed against him is decided.

The Federal Government will, on Monday, arraign Sahara Reporters publisher and convener of #RevolutionNow protests, Omoyele Sowore, before the Federal High Court in Abuja.

Recalcitrant tax defaulters, high-end politicians, top civil servants, businessmen and other wealthy Nigerians with questionable sources of income are now in panic mode as the Nigerian Financial Intelligence Unit (NFIU) and other anti-graft agencies began beaming their searchlight on them in line with the Federal Government’s effort to retrieve state funds tallegedly siphoned in shady transactions.

The Economic and Financial Crimes Commission (EFCC) has released from its custody Abdullahi Babalele, the son-in-law of the Peoples Democratic Party (PDP) presidential candidate in 2019, Atiku Abubakar.

The Justice Nicholas Oweibo-led Federal High Court sitting in Lagos has, Wednesday, ordered that Abdullahi Babalele, the son in-law to ex-Vice President and the Presidential Candidate of the People’s Democratic Party, PDP, in the 2019 general elections, Atiku Abubakar, be remanded in EFCC’s custody.

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.

The Economic and Financial Crimes Commission has arrested two persons close to Nigerian opposition leader, Atiku Abubakar.

The Economic and Financial Crimes Commission on Thursday arraigned a former chairman of the Independent National Electoral Commission, Prof Maurice Iwu, for an alleged fraud of N1.23bn.

The Economic and Financial Crimes Commission (EFCC) on Thursday arraigned a former Independent National Electoral Commission (INEC) Chairman, Prof. Maurice Iwu, at the Federal High Court in Lagos.

Four men, on Friday, admitted their guilt at the Federal High Court in Abuja, conceding that they were unlawfully in possession of smelted gold worth over N1bn and €112,800 on August 10, 2018.

Four men and three companies were on Friday arraigned before a Federal High Court in Abuja on charges bordering on unlawful possession of gold valued at over N1.1billion.

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.

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.