Thursday, August 6, 2020

Tag "money laundering"

    US court denies Hushpuppi bail

US court denies Hushpuppi bail

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    Hushpuppi arraigned in US court, risks 20 years jail term

Hushpuppi arraigned in US court, risks 20 years jail term

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    WATCH: How Dubai police busted Hushpuppi in ‘N168bn’ cyber-fraud

WATCH: How Dubai police busted Hushpuppi in ‘N168bn’ cyber-fraud

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    Turaki released N200m out of N359m approved for townhall meetings, Jonathan’s ex-aide tells court

Turaki released N200m out of N359m approved for townhall meetings, Jonathan’s ex-aide tells court

Umar Tahir, an aide to former President Goodluck Jonathan, has told the federal high court in Abuja that Taminu Turaki, former minister of special duties and inter-governmental affairs, released N200 million out of the N359 million budgeted for a security sensitisation programme in 2014. The Economic and Financial Crimes Commission (EFCC) had arraigned Turaki on May 4, 2020 over allegations of [...]

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    Magu: I don’t know why UK is protecting Diezani

Magu: I don’t know why UK is protecting Diezani

Ibrahim Magu, acting chairman of the Economic and Financial Crimes Commission (EFCC), says Diezani Alison-Madueke, former minister of petroleum, is being protected in the UK. The ex-minister had relocated to London shortly before former President Goodluck Jonathan handed over to President Muhammadu Buhari in 2015. Later that year, Alison-Madueke was grilled at the Charing Cross Police Station in London. The former minister [...]

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    Court fixes date for Mompha’s ‘N33bn laundering’ trial

Court fixes date for Mompha’s ‘N33bn laundering’ trial

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    Udom Emmanuel declares zero tolerance for crime in Akwa Ibom

Udom Emmanuel declares zero tolerance for crime in Akwa Ibom

Udom Emmanuel, governor of Akwa Ibom, has declared zero tolerance for crime of any sort in the state. He made the declaration while treating guests to a luncheon at the government house, Uyo after the 2020 edition of "Akwa Ibom Solemn Assembly". “I use this opportunity to announce that in 2020 there will be zero tolerance on anything that will disrupt peace [...]

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    ‘Please, don’t handcuff me. I will follow you’ — Kalu befriends prison warders after jail sentence

‘Please, don’t handcuff me. I will follow you’ — Kalu befriends prison warders after jail sentence

Reality dawned on Orji Uzor Kalu, former governor of Abia state, on Thursday that he was not going to sleep at his home after his conviction for money laundering by a federal high court in Lagos. After the judge pronounced the 12-year jail sentence and warders moved towards him with handcuffs, the senate chief whip had to resort to diplomacy “Where are you [...]

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    ‘Wired $44.9m illegally’, ‘Inflated cost of aircraft’… highlights of allegations against Air Peace CEO

‘Wired $44.9m illegally’, ‘Inflated cost of aircraft’… highlights of allegations against Air Peace CEO

The US has accused Allen Onyema, chief executive officer of Air Peace, of bank fraud and money laundering. In a statement on Thursday, US authorities said Onyema, alongside Ejiroghene Eghagha, the airline’s chief of administration and finance, was indicted on November 19, 2019, on one count of conspiracy to commit bank fraud, three counts of bank fraud, one count of conspiracy [...]

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    FULL LIST: ‘Thank You Jesus’ — the 77 Nigerians on FBI list over cyber fraud

FULL LIST: ‘Thank You Jesus’ — the 77 Nigerians on FBI list over cyber fraud

On Thursday, the United States Federal Bureau of Investigation (FBI) announced a massive bust of online fraudsters who are mostly Nigerians. At a press conference, Nick Hanna, US attorney, said federal authorities apprehended a total of 80 suspects for cyber crime and money laundering, with 57 more being hunted globally. He had said investigations which began since 2016 showed that the suspects "many of [...]

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    EFCC arrests Atiku’s lawyer, to charge him with ‘laundering $2m’

EFCC arrests Atiku’s lawyer, to charge him with ‘laundering $2m’

The Economic and Financial Crimes Commission (EFCC) has arrested Uyi Giwa-Osagie, a legal adviser of former Vice-President Atiku Abubakar, over alleged money laundering. Osagie was arrested after he honoured an invitation of the anti-graft agency in Lagos state on Thursday. The agency has filed charges over alleged money laundering to the tune of $2 million against Giwa-Osagie. According to the charge sheet, Osagie made [...]

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    Obono-Obla: We’re investigating PEF GM over alleged money laundering

Obono-Obla: We’re investigating PEF GM over alleged money laundering

Okoi Obono-Obla, chairman of the special presidential investigation panel for the recovery of public properties, says investigations are underway into allegations of money laundering against Goddy Nnadi, general manager (corporate services), at the Petroleum Equalisation Fund (Management) Board. Obono-Obla was speaking at a news conference in Abuja, on Tuesday. He said the investigation became necessary after a non-governmental organisation (NGO) had, through a petition, [...]

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    Court grants Fayose permission to travel abroad for treatment

Court grants Fayose permission to travel abroad for treatment

A federal high court in Lagos has granted the request of Ayodele Fayose, former governor of Ekiti state, to travel abroad for medical treatment. Fayose, who is being tired by the Economic and Financial Crimes Commission (EFCC) for alleged money laundering, had told the court that he is sick. He was arraigned in court on Friday and the case was adjourned till [...]

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    ‘Money laundering’: EFCC arraigns Akwa Ibom senator

‘Money laundering’: EFCC arraigns Akwa Ibom senator

The Economic and Financial Crimes Commission (EFCC) has arraigned Albert Bassey, senator representing Akwa Ibom north-east, for alleged money laundering. The commission arraigned him on a six-count charge for allegedly taking possession of six vehicles worth N204 million when he was a finance commissioner in the state. He was said to have collected one of the vehicles from Jide Omokore, an associate of [...]

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    Metuh: I received N400m from Jonathan — NOT Dasuki

Metuh: I received N400m from Jonathan — NOT Dasuki

Olisa Metuh, former national publicity secretary of the Peoples Democratic Party (PDP), says he received the N400 million traced to him as alleged proceeds of money laundering from former President Goodluck Jonathan. Testifying before a federal high court sitting in Abuja, on Thursday, Metuh denied collecting the money from Sambo Dasuki, former national security adviser. Metuh is facing trial for alleged diversion [...]

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    HEDA asks FG to sanction those who conspired with Abacha

HEDA asks FG to sanction those who conspired with Abacha

The Human and Environmental Development Agenda (HEDA), a civil society group, has asked the federal government to identify and sanction those who assisted Sani Abacha, former head of state, in "looting the nation's treasury". The group said the federal government has the moral obligation to explain to Nigerians questions surrounding illicit funds traced to Abacha. Recently, the British crown dependency of Jersey seized £211 million said [...]

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