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Money Laundering

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.

Judge threatens to withdraw from ex-Head of Service’s N570 million fraud case

The judge overseeing the trial of a former Head of Service, Winifred Oyo-Ita, at the Federal High Court in Abuja, on Thursday, threatened to withdraw from the case.
Lagos lawyer and human rights activist, Femi Falana

Femi Falana: Central bank cannot appeal court order to unfreeze #EndSARS campaigners accounts

Human rights lawyer Femi Falana on Thursday said the Central Bank of Nigeria cannot appeal the court judgment unfreezing the bank account of 20 #EndSARS campaigners.
Former Attorney-General of the Federation (AGF) and Minister of Justice, Mr. Bello Adoke (SAN).

Malabu scandal: Ex-AGF petitions IGP over ‘forged’ email

Adoke, in his petition dated February 5, claimed that the evidence presented against him at the Italian court was “forged” with the intent to interfere with the course of justice.
The Central Bank of Nigeria (CBN) as said that its staff in Jos Branch, on Tuesday averted what would have been another major fire disaster in the country.

Identification: CBN directs banks to accept travel documents, refugee ID card

The Central Bank of Nigeria (CBN) has directed commercial banks and other financial institutions to, henceforth, accept Machine Readable Travel Documents (MRCTD) and Refugee Identification Card, as means of identification for financial transactions.
Speaker of the House of Representatives, Femi Gbajabiamila, yesterday said that the parliament passed 2021 in good time to ensure the country maintains the January to December budget cycle started last year.

House of Reps set to amend ACJA, Armed Forces Act, others

The bills are tilted (Administration of Criminal Justice Act. (Amendment) Bill, 2021 (HB. 1186); Armed Forces Act (Amendment) Bill, 2021 (HB. 1187) and Cybercrimes (Prohibition, Prevention, Etc.) Bill, 2021 (HB. 1188).
Russia has issued an arrest warrant for Leonid Volkov, a close ally of poisoned Kremlin critic Alexei Navalny, according to a media report.

Russia issues arrest warrant for Alexei Navalny ally

Russia has issued an arrest warrant for Leonid Volkov, a close ally of poisoned Kremlin critic Alexei Navalny, according to a media report.
Malta’s most prolific Nigerian footballer, Sunday Eboh, has been charged alongside four others in a romance fraud case.

Nigerian footballer charged with money laundering in Malta

Eboh, Maltese national Alexandra Pace, Nigerian nationals; Collins Eguavoen, Marvis Iyeke and Tony Ogbonna, were arrested late Monday night to be charged with money laundering, according to a report by MaltaToday.

Kingsley Moghalu urges CBN to reconsider ban on cryptocurrency transactions

A former Deputy Governor of the Central Bank of Nigeria (CBN), Prof. Kingsley Moghalu, has advised the CBN to reconsider its recent decision to ban cryptocurrency transactions in the country banking and payment systems.
Doyin Okupe

‘N702 million fraud’: Doyin Okupe has no house in Abuja – witness

A defence witness told the Federal High Court in Abuja on Monday that a former spokesperson on public affairs for former President Goodluck Jonathan, Doyin Okupe, does not own a personal house in the Federal Capital Territory (FCT).
Senator Orji Uzor Kalu

Court suspends Senator Kalu’s ‘N7.1billion fraud’ re-trial

The Federal High Court, Abuja, on Monday, ordered the suspension of the re-trial of a former Abia State governor, Orji Kalu, for N7.1bn fraud charges.
The Central Bank of Nigeria (CBN) says it will continue to do all within its regulatory powers to educate Nigerians to desist from use of cryptocurrencies — despite growing criticism.

CBN: No going back on cryptocurrencies

The Central Bank of Nigeria (CBN) says it will continue to do all within its regulatory powers to educate Nigerians to desist from use of cryptocurrencies — despite growing criticism.
The Central Bank of Nigeria (CBN) as said that its staff in Jos Branch, on Tuesday averted what would have been another major fire disaster in the country.

CBN: Cryptocurrencies prone to financial crimes

Following reactions trailing a recent Central Bank of Nigeria (CBN) directive to Deposit Money Banks (DMBs) to desist from cryptocurrencies transactions, the apex bank has clarified that the intention is to ensure accountability.
The Central Bank of Nigeria (CBN) as said that its staff in Jos Branch, on Tuesday averted what would have been another major fire disaster in the country.

CBN: Crypto ban’s to protect Nigerians, financial system

The Central Bank of Nigeria (CBN) yesterday said its decision to ban the use of cryptocurrencies in the country is to protect Nigerians and the nation’s financial system from the illegal nature of such currencies and the inherent risks associated with them.
The Central Bank of Nigeria (CBN) has revealed that the aggregate domestic credit in commercial banks grew by 7.61 percent in October 2020, compared with 7.35 percent in the previous month.

Nigeria’s central bank investigates crypto companies’ accounts for fraud

The Central Bank of Nigeria (CBN) has opened investigations into bank accounts of companies involved in the trading of cryptocurrencies with the intention of blocking those with suspicious transactions and fraud.
The Central Bank of Nigeria (CBN) as said that its staff in Jos Branch, on Tuesday averted what would have been another major fire disaster in the country.

Why Nigeria’s central bank banned cryptocurrency trading

Investigations have revealed that, the federal government and the CBN were warned by the United States’ Federal Bureau of Investigation, (FBI), on the activities of fraudsters using cryptocurrencies to bringing into the country hundreds of millions of US Dollars illegally obtained from the USA and other Western economies.
The Central Bank of Nigeria (CBN) has revealed that the aggregate domestic credit in commercial banks grew by 7.61 percent in October 2020, compared with 7.35 percent in the previous month.

Crypto ban: CBN has dealt a fatal blow on terrorist financing in Nigeria, Africa...

The African Centre for Justice and Human Rights, ACJHR, has expressed delight at the recent policy introduced by the nation’s apex bank, the Central Bank of Nigeria, CBN, that asked deposit money banks, non-financial institutions, and other financial institutions not to do business in crypto and other digital assets.
The Central Bank of Nigeria (CBN) has revealed that the aggregate domestic credit in commercial banks grew by 7.61 percent in October 2020, compared with 7.35 percent in the previous month.

CBN hits crypto traders, directs banks to close their accounts

The Central Bank of Nigeria yesterday directed banks and other financial institutions to immediately close any accounts dealing in cryptocurrency or facilitating payment for crypto currency exchange, with immediate effect.
The Attorney-General of the Federation and Minister of Justice, Mr Abubakar Malami, SAN,

HEDA drags AGF to court over asset tracing regulation

Nigeria’s leading anti-corruption group, Human and Environmental Development Agenda, (HEDA Resource Centre) has dragged to court the Attorney General and Minister of Justice, Mr Abubakar Malami, over the Asset Tracing, Recovery and Management Regulations, 2019.

EFCC to arraign Senator Kalu over ‘N7.1 billion fraud’

The Economic and Financial Crimes Commission (EFCC) will today arraign former Governor of Abia State and Chief Whip of the Senate, Senator Orji Uzor Kalu, before the Federal High Court in Abuja.
The Economic and Financial Crimes Commission (EFCC), on Monday, arraigned a Commercial Director of the Process and Industrial Development (P&ID) Limited, Mohammed Kuchazi, for money laundering, among other offences.

EFCC arraigns P&ID director over money laundering

The Economic and Financial Crimes Commission (EFCC), on Monday, arraigned a Commercial Director of the Process and Industrial Development (P&ID) Limited, Mohammed Kuchazi, for money laundering, among other offences.
FILE PHOTO - Philippine President Rodrigo Duterte gestures during his fourth State of the Nation address at the Philippine Congress in Quezon City, Metro Manila, Philippines, July 22, 2019. REUTERS-Eloisa Lopez-File Photo

Philippines’ president tightens anti-money laundering rules to avoid ‘grey list’

Philippine President Rodrigo Duterte signed a law on Friday to strengthen anti-money laundering and terrorist financing regulations ahead of a Feb. 1 deadline set by a global financial watchdog.
A Tinubu Chief Magistrates’ Court in Lagos State has ordered Adeyemi Fashola, aka as Naira Marley, to appear on January 14, 2020 for arraignment for alleged car theft.

Court admits more evidence in Naira Marley’s fraud trial

Justice Nicolas Oweibo in his ruling yesterday admitted the Compact Disk containing the phone analysis of the singer, tendered in evidence by the second prosecution witness, Mr. Anosike Augustine on the ground that the iPhone which was analysed has been admitted in evidence before.

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Rivers State Governor, Nyesom Wike, on Tuesday, brokered a truce between the Governor of Benue State, Samuel Ortom and Governor of Bauchi State, Senator Bala Mohammed in Port Harcourt.

Benue governor: Why Bala Mohammed and I decided to sheath swords

Governor Samuel Ortom of Benue state has disclosed that Governor Bala Mohammed of Bauchi state and himself decided to sheath their swords and find better ways of resolving issues rather than resorting to media face-off thereby exacerbating the already tensed atmosphere in the country.
The Chartered Institute of Professional Printers of Nigeria (CIPPON) has lamented the rising cost of paper in Nigeria, warning that the situation could worsen unemployment in the country.

Institute laments rising cost of paper in Nigeria

The Chartered Institute of Professional Printers of Nigeria (CIPPON) has lamented the rising cost of paper in Nigeria, warning that the situation could worsen unemployment in the country.

Court orders substituted service of ‘harassment’ suit on Ikedi Ohakim

Justice Taiwo Taiwo of the Abuja Division of the Federal High Court on Wednesday, ordered the service of a suit bordering on alleged harassment on former Imo State Governor, Mr Ikedi Ohakim, through substituted means.
Nigerian midfielder Emmanuel Tochukwu has joined Ghanaian Premier League club Inter Allies on a one-year contract.

Nigerian midfielder joins Ghanaian side Inter Allies

Nigerian midfielder Emmanuel Tochukwu has joined Ghanaian Premier League club Inter Allies on a one-year contract.
The House of Representatives on Tuesday reprimanded the Minister of Foreign Affairs, for the continuing maltreatment of Nigerians in the Diaspora.

House of Reps to probe ‘missing’ 5.2 million barrels of crude oil

The House of Representatives has directed its committee on petroleum to investigate the alleged missing 5.2 million barrels of crude oil allocated to local refineries under the Direct Sales Direct Purchase (DSDP).

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Gareth Bale scored twice and made another as Spurs thrashed Burnley 4-0 in a scintillating display with the Welshman back to his best on Sunday.

Gareth Bale fires brace as Tottenham thrash Burnley 4-0

Gareth Bale scored twice and made another as Spurs thrashed Burnley 4-0 in a scintillating display with the Welshman back to his best on Sunday.
President Muhammadu Buhari Thursday offered automatic employment to 110 ex-corps members in the Federal Civil Service and scholarships for the pursuit of post-graduate studies up to doctoral level in any university in Nigeria.

President Buhari welcomes release of Kagara students

The president, in a statement by his spokesman, Malam Garba Shehu, in Abuja on Saturday, commended the nation’s security and intelligence agencies and the government of Niger state for their responses in securing the release.
The Non-Interest Financial Institutions Association of Nigeria (NIFIAN), on Friday in Abuja elected the Managing Director of Jaiz Bank Plc, Hassan Usman, as its pioneer president.

NIFAN elects Jaiz Bank chief as pioneer president

The Non-Interest Financial Institutions Association of Nigeria (NIFIAN), on Friday in Abuja elected the Managing Director of Jaiz Bank Plc, Hassan Usman, as its pioneer president.
Governor Yahaya Bello of Kogi has expressed his administration’s commitment to the development of the education sector as the key to high-level human capital development needed for emancipation of the people.

2023: Yahaya Bello’s poster adorn streets in Adamawa

The posters proclaim Yahaya Bello as a fitting personality to be Nigeria’s president was seen around capital school, Mubi roundabout and PZ junction with inscription, ‘For a Generational Change 2023, Yahaya Bello for President.’
Justice Abdul Kafarati, the immediate past Chief Justice of the High Court of the Federation, has passed away.

Justice Abdul Kafarati passes on

“Innalillahi Wa inna ilaihi Rajiun. It is with deep sorry that I announced the passing away of our elder statesman, Hon Justice Abdul Kafarati the immediate past Chief Justice of High court of the Federation and former Bauchi State Attorney General which occurred this night (Thursday) after magrib Salat at Abuja.”