Tag: Money laundering
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FG accuses Ex-AGF Adoke, Aliyu of laundering $23.3m, N3.077b in amended charge
The Federal Government has accused ex-Attorney General of the Federation (AGF) and Minister of Justice, Bello Adoke and a businessman, Aliyu Abubakar of laundering about $23,352,100.00 and N3, 077,318,800.00 in an amended 14-count charge filed against them. The amended charge, marked: FHC/ABJ/93/39/2017 replaced an earlier seven-count charge, with same number, on which Adoke and Aliyu…
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N17.6bn money laundering: Court orders Diezani to appear for arraignment
The Federal High Court in Abuja on Friday ordered a former Minister of Petroleum Resources, Mrs Diezani Alison-Madueke, to appear for arraignment on money laundering charges preferred against her by the Economic and Financial Crimes Commission. Justice Ijeoma Ojukwu gave the order in a ruling on an ex parte application shortly after it was moved…
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Court fixes date for resumption of Mompha’s ‘N33bn laundering’ trial
A Federal High Court in Lagos on Wednesday fixed January 15, 2020 to resume the alleged N33bn money laundering trial of a suspected internet fraudster Ismaila Mustapha, alias Mompha. The new date was fixed at the instance of the defendant’s counsel, Mr Ademola Adefolaju who stood in for Mr. Gboyega Oyewole (SAN). Mompha was arraigned…
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EFCC re-arraigns Atiku’s son-in-law, Abdullahi Babalele
The Economic and Financial Crimes Commission (EFCC) Lagos Zonal office on Thursday re-arraigned one Abdullahi Babalele before Justice Chukwujekwu Aneke of the Federal High Court sitting in Ikoyi, Lagos on a two-count charge bordering on money laundering to the tune of $140,000.00. Babalele, a son-in-law to a former Vice President and Peoples Democratic Party( PDP)…
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#RevolutionNow protest: FG charges Sowore with money laundering, treasonable felony
The Federal Government on Friday charged the convener of #RevolutionNow protest, Omoyele Sowore, with treasonable felony and money laundering. Sowore, promoter of an online media platform – Sahara Reporters, who was also presidential candidate of African Action Congress (AAC) in the last presidential election, is charged along with Olawale Bakare, also known as Mandate, in…
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Alleged money laundering: EFCC re-arraigns Fayose, gets leave to travel abroad for treatment
The Economic and Financial Crimes Commission (EFCC) on Tuesday re-arraigned former Ekiti State Governor Ayo Fayose for alleged money laundering. His trial will, in effect, start de novo (afresh) before Justice Chukwujekwu Aneke of the Federal High Court in Lagos. The court granted Fayose’s application for permission to travel to South Africa for medical treatment.…
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N6.9bn Laundering: Fayose’s re-arraignment stalled again
The planned re-arraignment of the immediate past Governor of Ekiti State, Ayodele Fayose has been stalled again due to the absence of prosecuting counsel. Fayose was supposed to be re-arraigned today at the Federal High Court in Lagos, but the arraignment has been stalled. The former governor is being prosecuted by the Economic and Financial…
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DNFIs safe havens for money laundering – Magu
Acting Chairman of Economic and Financial Crimes Commission (EFCC), Mr Ibrahim Magu, has described Designated Non-Financial Institutions (DNFIs) as safe havens for money-laundering activities. The commission’s spokesman, Mr Tony Orilade, said in a statement in Abuja on Friday, that Magu stated this at a workshop to sensitise Non-Profit Organisations (NPOs). The workshop, organised by EFCC…
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EFCC warns bankers against money laundering, terrorist financing
Mr Ibrahim Magu, Acting Chairman, Economic and Financial Crimes Commission (EFCC), has cautioned bank officials in the country against aiding money laundering and terrorist financing. Magu gave the warning in a statement by EFFC Spokesman, Mr Tony Orilade on Tuesday in Abuja. Orilade quoted Magu as giving the warning at an interactive session with Chief…
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2019: CBN warns banks against laundering money for politicians
As the 2019 elections approach and political maneuvering intensify, the Central Bank of Nigeria (CBN) has warned Deposit Money Banks (DMBs) to be careful not to violate the money laundering Act. Banks that violate the money laundering Act in the guise of handling money for politicians the CBN warned, risk very stiff penalty. CBN governor…