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Money Laundering

The trial of suspected internet fraudster Ismaila Mustapha alias Mompha started today while he was admitted to bail.

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.
Edo State High Court sitting in Benin City, Edo State

Court adjourns money laundering case against Osagie Ize-Iyamu till March 26

Justice M.G. Umar of the Federal High Court sitting in Benin City, Edo State on Monday adjourned the money laundering case brought against Pastor Osagie Ize-Iyamu, a former governorship candidate of the Peoples Democratic Party, (PDP) in the state and four others by the Economic and Financial Crimes Commission (EFCC) until March 26, 2020.
The United States (U.S.) recently announced the arrest of scores of Nigerians and few other nationals involved in what the Federal Bureau of Intelligence (FBI) described as the largest internet fraud ever committed in the country.

US jury indicts three Nigerians over theft of $348,000

Three Nigerians have been indicted by a US federal grand jury in Bismarck, North Dakota, after investigators said they stole $348,000 from a Dickinson company through a complicated computer fraud scheme.
The immediate past Governor of Oyo State, Chief Abiola Ajimobi, has admonished his successor, Gov. Seyi Makinde, to ensure that he does not lower the bar of governance in the state.

Oyo governor, predecessors trade blames land tussle

In the evening of October 17, last year, plain clothe security men invaded the Agodi GRA, Ibadan property of the immediate past governor of Oyo State, Senator Abiola Ajimobi, which was under construction and chased away workers. The former governor was said to have travelled outside the country, when the incident happened, making his aides to wonder who could have been responsible for the act. =
The former spokesperson for the Peoples Democratic Party, Olisa Metuh, will appeal his conviction and sentencing handed by the Federal High Court in Abuja Tuesday, his lawyer said.

Former PDP spokesperson Olisa Metuh jailed 39 years for money laundering

A Federal High Court, Abuja, on Monday, convicted and sentenced former National Publicity Secretary of Peoples Democratic Party, PDP, Chief Olisa Metuh, to 39 years imprisonment for money laundering.
The former spokesperson for the Peoples Democratic Party, Olisa Metuh, will appeal his conviction and sentencing handed by the Federal High Court in Abuja Tuesday, his lawyer said.

Jailed former PDP spokesperson Olisa Metuh’s lawyer vows to appeal judgement

The former spokesperson for the Peoples Democratic Party, Olisa Metuh, will appeal his conviction and sentencing handed by the Federal High Court in Abuja Tuesday, his lawyer said.
Tanzanian journalist Erick Kabendera, who was held in jail for seven months in a case that prompted international concern, was freed on Tuesday after pleading guilty to economic crimes.

Tanzanian journalist freed after pleading guilty to economic crimes

Tanzanian journalist Erick Kabendera, who was held in jail for seven months in a case that prompted international concern, was freed on Tuesday after pleading guilty to economic crimes.
Journalist Erick Kabendera could finally walk to freedom as he has paid a TZS100 million ($43,325)for money laundering, as ordered by a Dar es Salaam court.

Tanzanian journalist pleads guilty to money laundering charge, fined $43,000

Journalist Erick Kabendera could finally walk to freedom as he has paid a TZS100 million ($43,325)for money laundering, as ordered by a Dar es Salaam court
The British Government has warned Nigerians intending to study in Britain to desist from money laundering and other criminal activities.

Britain warns Nigerian students against money laundering, freezes 95 accounts

The British Government has warned Nigerians intending to study in Britain to desist from money laundering and other criminal activities.
UK’s National Economic Crime Centre (NECC), said it recently discovered that international students’ bank accounts are being used as conduits for money laundering in the country.

UK: Foreign students in used to launder money

The British Government has raised the alarm that foreign students in the United Kingdom (UK), are being used by some agents to launder illicit funds.
US Secretary of State Mike Pompeo visits Senegal on 16 February. Aliou Mbaye-EPA

Mike Pompeo hails Angola’s anti-graft campaign

Visiting US Secretary of State Mike Pompeo on Monday lauded Angolan President Joao Lourenco's anti-corruption drive, which has seen him pursue his predecessor's children over accusations they fleeced state coffers.
An EFCC operative, Mohammed Goji has revealed how Abdulrasheed Maina, former Pension Reform Task Team boss, illegally acquired several properties using his son, Faisal’s name.

EFCC amends charges against Abdulrasheed Maina’s son

The Economic and Financial Crimes Commission, EFCC, Friday arraigned Faisal Maina, son of the former Chairman Pension Reform Task Team, Abdulrasheed Abdulahi Maina, before Justice Okon Abang of the Federal High Court Abuja on amended three-count charge.
The Economic and Financial Crimes Commission (EFCC) says an investigation is ongoing on the seized $2.8 million at Akanu Ibiam International Airport, Enugu.

EFCC records 48 convictions, N8.5 billion recoveries

The Economic and Financial Crimes Commission (EFCC) says it has recorded 48 convictions and recovered N8.5 billion in cash and assets within one year in Ilorin zone.
The Economic and Financial Crimes Commission (EFCC) said it does not want bail for a former Chairman of the Pension Reform Task Team, Abdulrasheed Maina, because he might escape.

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.
The Economic and Financial Crimes Commission (EFCC) on Thursday in an FCT High Court in Maitama, re-arraigned a deputy director with the National Emergency Management Agency (NEMA), Emenike Umesi, for alleged misappropriation of N54.3 million.

EFCC records 48 convictions, N8.5 billion recoveries

The Economic and Financial Crimes Commission (EFCC) says it has recorded 48 convictions and recovered N8.5 billion in cash and assets within one year in the Ilorin zone.
Mr Omoyele Sowore and his co-defendant Olawale Bakare have pleaded not guilty to a two-count amended charge levelled against them.

Omoyele Sowore, Olawale Bakare re-arraigned as DSS pays fine

The Federal Government on Thursday re-arraigned Sahara Reporters publisher, Omoyele Sowore, and his co-defendant, Olawale Bakare, on amended charges of treasonable felony.

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.

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Ibrahim Magu

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