money laundering
14 Oct
Air Peace has dismissed charges by the U.S. Department of Justice against the airline’s chairman/CEO, Allen Onyema, and the airline’s chief of finance and admin officer, Ejiro Eghagha, saying the duo are innocent of the charges brought against them.
30 Sep
A prosecutor with the Economic and Financial Crimes Commission (EFCC), Bilikisu Bala, on Monday, September 30, 2024, told a Joint Committee of the House of Representatives investigating allegations of corruption against some officers of the Commission and the Nigeria Correctional Service that the charges of money laundering dropped in the trial of Idris Okuneye, a.k.a.…
30 Jul
The International Police Organisation (Interpol) has revealed that hundreds of thousands of dollars are being laundered out of Nigeria every hour. Interpol Vice President for Africa, Garba Umar, said this at the inauguration of a four-day training workshop for Nigerian law enforcement agencies at the Economic and Financial Crimes Commission (EFCC) Academy in Abuja. “Evidence…
31 May
Zambia's former first lady has been arrested on money laundering charges, her lawyer said Friday, days after her husband claimed he was being
18 May
The Federal High Court in Abuja has declined to grant bail to an executive of Binance Holdings Limited, Tigran Gambaryan, on the ground of
24 Apr
German police said Wednesday they had arrested 11 suspected members of a Nigerian mafia group behind a large-scale dating scam. The Black Axe gang was involved internationally in "multiple areas of criminal activity," with a focus in Germany on romance scams and money-laundering, Bavarian police said in a statement. The dating trick was a "modern…
21 Apr
Former Attorney-General of the Federation and Minister of Justice, Mohammed Bello Adoke, has said despite his ordeal in the hands of the Economic and Financial Crimes Commission (EFCC), his faith in Nigeria remains unshaken.
3 Apr
The difficulties posed by money laundering and terrorism financing have grown in complexity and scope in an era where the global financial system is becoming more connected and digital. Given this, the Global System for Mobile Telecommunications Association (GSMA) has called for a radical transformation in countries’ approaches to combating these threats. It noted that…
26 Mar
Justice Ismail Ijelu of the Lagos State High Court, Ikeja, Lagos, yesterday, remanded two businessmen, Akeem Adekunle and Kayode Olusola Ayodeji in a Correctional facility over alleged N2.8 billion money laundering.
25 Mar
One of the two executives of Binance detained by the Nigerian government has escaped custody, according to a report. Nigerian authorities detained two senior officials of Binance – the world’s largest cryptocurrency exchange – in late February when they arrived the West African country to dialogue with government officials over the clampdown on the cryptocurrency…
16 Mar
Chairman of the Independent Corrupt Practices and Other Related Offences Commission, Dr. Musa Adamu Aliyu, SAN, has vowed to consolidate the working relationship between ICPC and the Nigerian Financial Intelligence Unit (NFIU), to stamp out money laundering and other related acts of corruption.
Latest
4 mins ago
A Federal High Court in Abuja has struck out charges against 76 individuals who were arrested and prosecuted in connection with the nationwide #EndBadGovernance protests. The decision to discontinue the prosecution comes after President Bola Tinubu directed the termination of charges against the accused, many of whom are minors. The trial judge, Justice Obiora Egwuatu,…
6 mins ago
A driver, identified as Emeka, was killed on Sunday by suspected kidnappers during an attack on a vehicle travelling from Kebbi State to Asaba, Delta State. The incident occurred between Kwana-Barau and Kundu village in Niger State, where five passengers were abducted. Wasiu Abiodun, spokesperson for the Niger State Police Command, confirmed the incident in…
20 mins ago
The world's first wooden satellite has blasted off on a SpaceX rocket, its Japanese developers said Tuesday, part of a resupply mission to the International Space Station. Scientists at Kyoto University expect the wooden material to burn up when the device re-enters the atmosphere, potentially providing a way to avoid generating metal particles when a…
24 mins ago
Police operatives attached to the Toto Division in Nasarawa State, in collaboration with community youths, on Monday raided a kidnappers' hideout located in Achido village, a forested area bordering the Federal Capital Territory (FCT) and Kogi State, rescuing 14 kidnapping victims. The state’s Police Public Relations Officer (PPRO), DSP Ranham Nansel, in a press statement…
43 mins ago
Nigeria's Federal Government has set January 28, 2025, as the deadline for the operationalisation of the $5 billion African Energy Bank (AEB), which will be domiciled in Abuja. This was disclosed by the Permanent Secretary, Ministry of Petroleum Resources and Executive Board Member, Amb. Nicholas Ella, at the 19th Executive Board meeting of the African…
50 mins ago
The Student Union Government (SUG) and the National Association of Kogi State Students (NAKOSS) of Kogi State Polytechnic, Lokoja, for the 2024/2025 academic session have been inaugurated. Speaking at the inauguration ceremony held for the SUG and NAKOSS on Monday, 4th November 2024, at the 200 Twin Lecture Theatre of the Polytechnic's main campus, the…
1 hour ago
The opening of African Energy Week in Cape Town took a heated turn Tuesday as climate activists interrupted proceedings, urging an immediate end to fossil fuel expansion. The disruption occurred as the Executive Chairman of the African Energy Chamber, NJ Ayuk, took the stage, with about three activists rising from the crowd to display placards…
1 hour ago
An indigenous oil and gas company Pinnacle Oil & Gas has said it will never sell substandard petroleum products to Nigerians. Pinnacle Oil said this in a release on Monday, November 4, 2024 in response to an apparent statement issued on Sunday by the management of Dangote Refinery that a blending plant was setting up…
1 hour ago
The Nigerian Navy has deployed five warships, two helicopters, and two fast-attack boats to take part in a major multinational maritime exercise in the Gulf of Guinea. The seven-day exercise, called Exercise Grand African NEMO 2024, will bring together naval forces from 26 countries, including the United Kingdom, France, and Spain, in a coordinated effort…
1 hour ago
According to the World Health Organization, approximately 15% of the global population lives with some form of disability, with an estimated 25 million Nigerians affected. Studies indicate that persons with disabilities are three times more likely to experience mental health challenges compared to the general population, with anxiety and depression being particularly prevalent. In response…