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.