money laundering
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Defence
EFCC warns designated non-financial business operators against money laundering
The Economic and financial Crimes Commission (EFCC) has warned Designated Non-Financial Businesses and Professions (DNFBPs) to conduct their dealings in line with provisions of the Money Laundering Prohibition and Prevention Act 2022. Dele Oyewale, the Spokesperson for EFCC, said this in a statement on the Website of the commission on Thursday. Oyewale explained that the Acting Director, Lagos Directorate of…
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judiciary
Court further adjourns Fayose’s money laundering trial
Money laundering trial of a former Governor of Ekiti state, Ayodele Fayose, could not proceed on Wednesday before a federal high court in Lagos, as the court did not sit. The case has been adjourned until March 8 for continuation of trial. Fayose is being prosecuted by the Economic and Financial Crimes Commission (EFCC) for alleged N6.9 billion fraud and…
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judiciary
Alleged N320m fraud: Rep Mutu’s defense opening suffers setback
The plan by Rep. Nicolas Mutu (Delta-PDP) to open his defense on Wednesday in the alleged N320 million money laundering charge preferred against him by the Economic and Financial Crimes Commission (EFCC) suffered setbacks at the Federal High Court, Abuja. The matter, which was listed as number one on the cause list before Justice Folashade Giwa-Ogunbanjo, could not proceed due…
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News
Money laundering: Igbinedion’s son, Michael, jailed 6 years
The Federal High Court sitting in Benin yesterday sentenced Michael Igbinedion, son of Gabriel Igbinedion and Esama of Benin, to six years imprisonment over laundering of N25 billion belonging to Edo State Government. The court also sentenced Patrick Eboigbodin, an aide to former governor of Edo State, Lucky Igbinedion, to two years jail on each of the 10 counts he…
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News
Ex-Gov Igbinedion’s bro convicted of money laundering
Michael Igbinedion, younger brother of Lucky Igbinedion, former governor of Edo State, was on Wednesday convicted by a Federal High Court, Benin Division, presided over by Justice A. M. Lima, in a N25 billion money laundering case instituted against him and five others by the Economic and Financial Crimes Commission, EFCC.Others convicted in the 81-count charge of money laundering are…
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News
EFCC arrests Murtala Nyako’s son for money laundering
The Economic and Financial Crimes Commission(EFCC) have arrested Abdul- Aziz Nyako, son of former Adamawa State Governor, Murtala Nyako. This is coming barely two weeks after declared the anti-graft agency declared him and his father Murtala Nyako wanted. Operatives of the anti-graft agency on Friday morning arrested the younger Nyako in Gombe, Gombe State. Abdul-Aziz was immediately flown to Abuja…
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Africa
Nigerian Senator, Saraki wanted for alleged money laundering
The Special Fraud Unit (SFU) of the Nigeria Police may soon declare former Governor Bukola Saraki wanted over what it called fresh facts that confirmed that several millions of dollars were allegedly laundered illegally into his private accounts. In a counter affidavit deposed to by Jonah Wutu, a police officer attached to the Legal/Prosecution Section of the Force CID in…
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