Sunday, September 22, 2019

Tag "money laundering"

    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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    Court acquits Jonathan’s cousin of ‘$40m fraud’

Court acquits Jonathan’s cousin of ‘$40m fraud’

An Abuja federal high court has discharged and acquitted Robert Azibaola, a cousin of ex-President Goodluck Jonathan, of the $40 million laundering charges filed against him by the Economic and Financial Crimes Commission (EFCC).Azibaola was charged alongside Stella, his wife, and their company, One Plus Holdings Nigeria Limited for the alleged diversion of $40 million meant for the supply of tactical communication [...]

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    Magu: Some bankers launder funds for terrorists

Magu: Some bankers launder funds for terrorists

Ibrahim Magu, acting chairman of the Economic and Financial Crimes Commission (EFCC), says some “fraudsters in banks are laundering public funds for corrupt politicians and terrorists".Magu made the assertion during a meeting with compliance officers of different banks in Port Harcourt, the Rivers state capital on Friday.According to him, apart from colluding with the corrupt politicians and "terrorists", the banks [...]

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    EFCC declares ex-NIA DG, wife wanted

EFCC declares ex-NIA DG, wife wanted

The Economic and Financial Crimes Commission (EFCC) has declared Ayodele Oke, former director-general of the National Intelligence Agency (NIA), and Folashade, his wife, wanted.The duo were declared wanted on Sunday.Oke and his wife are facing a four-count charge bordering on money laundering offence to the tune of N13 billion.The EFCC had filed the charges against them in connection with the [...]

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    FG plotting to arrest Atiku’s associates, aide alleges

FG plotting to arrest Atiku’s associates, aide alleges

Phrank Shaibu, an aide of Atiku Abubakar, presidential candidate of the Peoples Democratic Party (PDP), says the party has uncovered a plot by the All Progressives Congress (APC) to frame and arrest associates of Atiku.In a statement on Thursday in Abuja, Shaibu said the ruling party wants to use the Economic and Financial Crimes Commission (EFCC) to frame his associates [...]

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    EFCC files 59-count money laundering charge against Okupe

EFCC files 59-count money laundering charge against Okupe

This is coming after Okupe failed to return about N100million he allegedly received from the office of the national security advise (ONSA).He said the N100 million was paid in two tranches and that the former president authorised Dasuki to pay him N50 million from his security votes. [...]

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    ICYMI: EFCC charges NBA president with N1.4bn fraud

ICYMI: EFCC charges NBA president with N1.4bn fraud

The Economic and Financial Crimes Commission (EFCC) has filed a N1.4 billion suit against Paul Usoro, president of the Nigerian Bar Association (NBA).In the suit filed at a federal high court in Lagos, the anti-graft agency alleged that Usoro laundered the money in connivance with Udom Emmanuel, Akwa Ibom state governor.Rotimi Oyedepo, counsel to EFCC, said the offence was committed [...]

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    EFCC nabs Lebanese with ‘over $2m’ at Abuja airport

EFCC nabs Lebanese with ‘over $2m’ at Abuja airport

The Economic and Financial Crimes Commission (EFCC) has announced the arrest of one Abbas Lakis, a Lebanese, for money laundering offence.Operatives of the agency were said to have nabbed Lakis at the Nnamdi Azikiwe International Airport, Abuja, while he was attempting to smuggle a huge sum of money out of the country.The agency said it followed an intelligence report that [...]

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    ‘I can’t even buy panadol’ — Metuh begs EFCC to unfreeze his accounts

‘I can’t even buy panadol’ — Metuh begs EFCC to unfreeze his accounts

Olisa Metuh, a former spokesman of the Peoples Democratic Party (PDP), says his bank accounts have been frozen by the Economic and Financial Crimes Commission (EFCC).He is facing a seven-count of‎ criminal breach of trust and money laundering to the tune of N400 million.At the Abuja federal high court on Tuesday, Metuh said he could no longer feed his family [...]

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    Ibori: My trial taught me incredible lessons

Ibori: My trial taught me incredible lessons

James Ibori, former governor of Delta state, says his corruption trial has taught him incredible lessons that he could not have learnt in any institution of learning.He said this in the October edition of EFCCAlert, a monthly newsletter of the Economic and Financial Crimes Commission (EFCC).In 2012, Ibori was sentenced by a United Kingdom Southwark Crown Court to 13 years [...]

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Exchange Rates

September 16, 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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