Tag: Money laundering
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N1.38 billion money laundering case: Jude Okoye’s bail fate to be sealed on Monday
The Federal High Court in Lagos is set to rule on Jude Okoye’s bail application on Monday, March 3, 2025.
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Alleged money laundering: Yahaya Bello’s name not on property documents – EFCC witness
A prosecution witness, Segun Adeleke, on Monday, told the Federal High Court in Abuja that the name of the former Kogi Governor, Yahaya Bello, was not on the documents of the two property purchased from the company. Adeleke, who is also the General Manager of EFAB Properties Ltd, told Justice Emeka Nwite while
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Sterling Bank neck deep in money laundering, fraudulent deductions, police alleges
The Nigeria police has accused Sterling Bank of alleged money laundering, fraudulent deductions and other financial crimes by its staff. This was contained in the report presented by Nigeria Police Force to the House of Representative Committee on Public Petition during the hearing of a petition by Miden Systems Ltd against Sterling Bank, Central Bank…
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Court acquits ex-Lagos Speaker Ikuforiji of money laundering charge
Justice Mohammed Liman of a Federal High Court in Lagos on Monday, acquitted a former speaker of the Lagos State House of Assembly, Adeyemi Ikuforiji and his former aide, Oyebode Atoyebi, of 54-counts of money laundering.. Delivering judgment, Justice Liman held that the prosecution failed to discharge the burden of proof placed on it by…
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EFCC arraigns TStv MD, executive director on money laundering charge
The Economic and Financial Crimes Commission (EFCC), on Thursday, arraigned Bright Echefu, Managing Director and Chief Executive Officer (MD/CEO) of Telecom Satellites Limited (TStv) and three others on nine-count money laundering charge. Others arraigned alongside Echefu before Justice Inyang Ekwo of a Federal High Court, Abuja i
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Heavy ‘wahala’ for El-rufai as panel recommends probe of his admin, alleged money laundering
The ad hoc committee set up by the Kaduna State House of Assembly to investigate all finances, loans and contracts awarded under the former governor, Nasir el-Rufai has submitted its report to the House. Presenting the report during plenary on Wednesday, the chairman of the ad hoc committee, Henry Zacharia, said that most of the…
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CBN, fintechs and money laundering – By Etim Etim
An important development that occurred in the financial services industry the other week went largely unreported in the press; perhaps because the media is still engrossed in all the corruption dramas of the last few weeks. On Friday, April 26, Central Bank officials, led by a director, met with the chief executives of major fintech…
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Ex-Gov Fayose’s trial for alleged money laundering stalled
The alleged money laundering trial of a former Governor of Ekiti State, Ayodele Fayose, could not proceed on Thursday before the Federal High Court in Lagos, as the court did not sit.
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JUST IN: Ex-AGF Adoke acquitted of money laundering charge
A Federal High Court, Abuja, on Friday, dismissed the Economic and Financial Crimes Commission (EFCC)’s money laundering charge filed against former Attorney-General of the Federation (AGF) and Monster of Justice, Mohammed Adoke.
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Trial of ex-Governor Fayose to resume July 14
The money laundering trial of a former governor of Ekiti, Ayodele Fayose, before a Federal High Court in Lagos is to continue on July 14.