Saturday, February 16, 2019

Tag "fraud"

    Ehindero, ex-IGP, arraigned for alleged fraud

Ehindero, ex-IGP, arraigned for alleged fraud

Sunday Ehindero, a former inspector general of police (IGP), on Thursday appeared before an Apo district high court, Abuja, over an alleged N578 million fraud.Ehindero was arraigned alongside a former police commissioner, John Obaniyi, on a six-count charge of allegedly misusing N557,995,065 donated by the Bayelsa state government for purchasing equipment for "proper policing of the state".A sum of N16 million, [...]

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    Buhari’s NPC nominee ‘remanded in prison’ over N182m fraud

Buhari’s NPC nominee ‘remanded in prison’ over N182m fraud

Saadu Alanamu, a nominee as commissioner of the National Population Commission (NPC), has been remanded in prison over an alleged N182m fraud.Alanamu was among the 23 nominees forwarded to the senate for confirmation by President Muhammadu Buhari.In August 2017, Vice-President Yemi Osinbajo, who was acting president at the time, named Alanamu as one of the nominees to the board of the Independent [...]

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    EFCC files ‘$6.8m fraud’ charge against Globacom

EFCC files ‘$6.8m fraud’ charge against Globacom

The Economic and Financial Crimes Commission (EFCC) has filed a fraud charge against Globacom Limited, telecommunications company, before the Lagos state special offences court.The firm was said to have carried out a transaction to the tune of $6,786,674.61 in 2008 under false claims that the benefits will be paid for whereas it is “with intent to defraud”.Listed as first defendant [...]

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    Reps panel: We’ve uncovered ‘N1.6bn fraud’ at NEMA

Reps panel: We’ve uncovered ‘N1.6bn fraud’ at NEMA

A house of representatives committee says it has discovered how Mustapha Maihaja, director-general of the National Emergency Management Agency (NEMA), allegedly misused the sum of N1.6 billion meant for the purchase of relief materials.The money, released to him by the federal government in July 2017, was for intervention purposes for flood victims in 16 states.But an investigative hearing organised by the [...]

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    Reps panel probes ‘massive importation fraud’ by companies

Reps panel probes ‘massive importation fraud’ by companies

The house of representatives committee on customs has commenced investigations into alleged massive fraud by some companies through breach of importation procedures.James Faleke, chairman of the committee, disclosed this to journalists on Tuesday.The alleged breach is said to have led to a huge loss of revenue accruing to the federation account.Faleke said the committee has invited the companies involved to [...]

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    Aside N36m ‘swallowed by snake’, JAMB officials in five states can’t account for N83m

Aside N36m ‘swallowed by snake’, JAMB officials in five states can’t account for N83m

The Joint Admissions and Matriculation Board (JAMB) has reportedly discovered a new fraud amounting to N83m in five states.The states under investigation by the exam body include Kano, Edo, Kogi, Gombe and Plateau.The development is coming few days after Philomina Chieshe, a JAMB sales clerk in Benue state, said a snake mysteriously swallowed N36m proceeds from the sales of scratch cards.The [...]

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    Court upholds interim forfeiture of Patience Jonathan’s $5.8m

Court upholds interim forfeiture of Patience Jonathan’s $5.8m

A Lagos division of the court of appeal, on Friday ordered an interim forfeiture of the sum of $5.8 million and N2.4 billion allegedly traced to the accounts of Patience Jonathan, wife of former President Goodluck Jonathan.Mojisola Olatoregun, a judge of the federal high court had in April of 2017, issued an order of interim forfeiture on the said amounts [...]

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    ‘N57m Fraud’: Court grants bail to dropped ICPC board nominee

‘N57m Fraud’: Court grants bail to dropped ICPC board nominee

A high court in the federal capital territory (FCT) on Thursday granted bail to Maimuna Aliyu, former executive director, Aso Savings and Loans Plc.In August, Aliyu was nominated to the board of the Independent Corrupt Practices and other offences Commission (ICPC).Her appointment had elicited negative reactions following allegations of corruption levelled against her.She was accused of abusing her office as executive [...]

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    Former Osun LG chairman bags 3-year jail sentence for N22m fraud

Former Osun LG chairman bags 3-year jail sentence for N22m fraud

Rufus Ojo, a former chairman of Orolu local government area of Osun state, has been sentenced to three years in prison for allegedly diverting N22 million meant for the council.David Oladimeji, a judge of the state high court, found Ojo guilty on two of the three counts filed against him by the Economic and Financial Crimes Commission (EFCC).Ojo’s trial began [...]

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    Court orders arrest of former Enugu governor Nnamani

Court orders arrest of former Enugu governor Nnamani

Chimaroke Nnamani, former governor of Enugu state, has been served with a bench arrest warrant for failure to appear before the court.Chuka Obiozor, a justice of the Lagos federal high court, issued the arrest warrant against Nnamani on Monday, which was set for his re-arraignment.Obiozor said Nnamani’s counsel did not present concrete explanation on his client’s absence from court.Nnamani had [...]

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    Five Nigerians jailed in UK for ‘£610,000 fraud’

Five Nigerians jailed in UK for ‘£610,000 fraud’

A London court has jailed five Nigerians for allegedly stealing £610,000 from business bank accounts.According to Newham Recorder, a UK newspaper, the Nigerians are Victor Oke, 39; Desmond Abifade, 25; Moses Kuye, 28; Melinda Mensah-Oke, 37; and Arinola Kuye, 27.Oke was said to have used stolen data provided by Abifade to falsely impersonate company directors via telephone banking.Prosecutors said after [...]

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    Appeal court upholds seizure of Tompolo’s assets

Appeal court upholds seizure of Tompolo’s assets

A court of appeal sitting in Lagos has upheld the decision of the federal high court ordering the seizure of property belonging to Government Ekpemupolo, an ex-militant commander better known as Tompolo.On February 19, 2016, I. N. Buba, judge of the federal high court, Lagos, had ordered the seizure of the property by the Economic and Financial Crimes Commission (EFCC).The [...]

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    N2.6bn ‘fraud’: You have a case to answer, court tells ex-NIMASA DG

N2.6bn ‘fraud’: You have a case to answer, court tells ex-NIMASA DG

A federal high court sitting in Lagos has ruled that Patrick Akpobolokemi, former director-general of the Nigerian Maritime Administration and Safety Agency (NIMASA), has a case to answer.The Economic and Financial Crimes Commission (EFCC) arraigned Akpobolokemi alongside five others in December 2015 for allegedly diverting N2.6 billion from the coffers of NIMASA.The five others are Ezekiel Agaba, Ekene Nwakuche, Amechee [...]

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    Alanamu, ex-ICPC nominee, goes on trial for N182m fraud

Alanamu, ex-ICPC nominee, goes on trial for N182m fraud

The Independent Corrupt Practices and other related Offences Commission (ICPC) has arraigned Saadu Alanamu, a former nominee to the board of the agency, before a Kwara state high court for N182m fraud.In August, Vice-President Yemi Osinbajo, who was acting president at the time, named Alanamu as one of the nominees to the board of the ICPC.But he was later dropped [...]

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    Ex-Super Eagles player Sodje, brothers fingered in £80k fraud in UK

Ex-Super Eagles player Sodje, brothers fingered in £80k fraud in UK

Three UK-based Nigerian footballer brothers — Sam, Efe and Akpo Sodje — have been accused of helping to launder proceeds from fraud to the tune of £80,000 in four different countries.They were allegedly involved in laundering the money gotten from a scam which targeted firms in Colombia, India, Italy and Abu Dhabi, Daily Mail reports.Sam and Efe, who played for Nigeria at international [...]

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    FG seeks extradition of US-based Nigerian accused of fraud

FG seeks extradition of US-based Nigerian accused of fraud

The federal government is demanding the extradition of Jim-Daniels Nnah, a United States-based Nigerian, accused of defrauding two companies of $712,000.The request was made via a letter marked HAGF/Ext/08/14 and addressed to the US Department of Justice by Abubakar Malami, minister of justice and attorney general of the federation (AGF).Nnah was said to have conned Environ-Aid Technologies Nigeria Limited and [...]

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Exchange Rates

February 15, 2019USDGBPEUR
INTERBANK306397354
LAGOS362475413
KANO361474413
PH361475412
ABUJA362476413
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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