money laundering
2 days ago
The Federal High Court in Abuja has fixed May 8 for ruling on the admissibility or otherwise of a judgment of the Federal Capital Territory High Court in suit number FCT/HC/CV/2574/2023 between Mr. Ali Bello and the Incorporated Trustees of American International School, Abuja. Joseph Daudu, SAN, representing former Kogi State Governor, Alhaji Yahaya Bello,…
24 Feb
The Federal High Court in Abuja has adjourned the trial of former Kogi State Governor, Yahaya Bello, over alleged ₦80.2 billion fraud to March 6 and 7, 2025. The case, brought by the Economic and Financial Crimes Commission (EFCC), continued on Monday with testimonies from two prosecution witnesses. The first witness, Segun Adeleke, General Manager…
22 Feb
The Philippines on Saturday praised its removal from a global financial "grey list" of countries under increased monitoring for money laundering and terrorism financing, a status that can hamper global financial transactions. The Southeast Asian nation had been on the Financial Action Task Force list, which identifies countries "working with it to correct deficiencies in…
21 Feb
A global anti-money laundering watchdog said Friday i had removed the Philippines from its list of countries subject to increased monitoring, while adding Laos and Nepal. The Financial Action Task Force (FATF), a Paris-based organisation that reviews efforts by more than 200 countries and jurisdictions to prevent money laundering and terrorism financing, compiles a "grey…
14 Feb
The Head of Financial Crime of cryptocurrency firm, Binance, Tigran Gambaryan, has named the Nigerian lawmakers who allegedly demanded a $150 million bribe from him. Gambaryan was freed in October 2024 after the Federal Government dropped charges of money laundering against his firm. He had been detained for months and was released following an intervention…
12 Feb
Kano Internal Revenue Service (KIRS) has uncovered multiple private accounts fraudulently used by certain individuals to divert public revenue. Besides, the state revenue service lamented missing funds running into billions of naira through those accounts illegally operated before the new leadership came on board. The Executive Chairman of the state Internal Revenue Service, Dr. Zaid…
5 Feb
There are ongoing renewed efforts to remove Nigeria from the European Union’s (EU) high-risk list for money laundering and terrorism financing, with key stakeholders intensifying lobbying to clean up the country’s image. The Rule of Law and Anti-Corruption Programme of the International Institute for Democracy and Electoral Assistance (International IDEA), in collaboration with the EU…
23 Jan
Despite the Central Bank of Nigeria's prohibition in February 2021 on banks and financial institutions facilitating cryptocurrency transactions, the swift adoption of cryptocurrencies in Nigeria has presented both opportunities and challenges. While digital currencies can enhance financial inclusion, spur economic innovation, and improve remittance processes, their pseudo-anonymity and decentralized nature have rendered them susceptible to…
15 Jan
The Inspector-General of Police, IGP Kayode Egbetokun, has established the Police Anti-Money Laundering Units of the Nigeria Police Force. This was as he appointed a renowned financial expert, CP Hyacinth Azuka Edozie, with officers of the rank of Chief Superintendents of Police (CSPs) to lead the units in all State Criminal Investigation Departments (SCIDs) across…
13 Jan
Operatives of the Kano Zonal Command of the Economic and Financial Crimes Commission (EFCC) have arrested five officials of the Katsina State Board of Internal Revenue over the alleged diversion of N1,294,337,676.53 (One Billion, Two Hundred and Ninety-Four Million, Three Hundred and Thirty-Seven Thousand, Six Hundred and Seventy-Six Naira, Fifty-Three Kobo) belonging to the Katsina…
6 Jan
This article discusses the impact of illicit financial flows on economic growth in Africa and examines strategies to address and assuage these losses.
4 Jan
Former Governor of Kaduna State, Mallam Nasir el-Rufai has visited one of his former aides, Bashir Sa’idu, arrested and detained for alleged money laundering and illegal sale of government properties at a correctional centre.
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17 mins ago
French migrant rescue group SOS Mediterranee brought 25 people stranded off the Libyan coast aboard its Ocean Viking vessel on Sunday, the NGO said. Those rescued, including three women and seven minors, are "currently being cared for by the Red Cross and SOS Mediterranee teams" aboard the Ocean Viking, the Marseille-based group said in a…
47 mins ago
The National Working Committee (NWC) of Peoples Democratic Party (PDP) has approved April 12 for the party’s earlier postponed South-South zonal congress. The party’s National Publicity Secretary, Debo Ologunagba, stated this in a statement issued on Sunday in Abuja. Ologunagba said that NWC also approved the shifting of the South-West and North-Central zonal congresses from…
2 hours ago
There is unease among 72 appointees of the Executive Management of 12 River Basin Development Authorities over the inexplicable delay by the secretary to the government of the Federation to issue them their appointments letters in line with the directive of President Bola Ahmed Tinubu. The delay has created the enabling environment for a reign…
2 hours ago
The family of the detained leader of the Indigenous People of Biafra (IPOB), Nnamdi Kanu, has called for the sanction of the Chief Judges of the Federal High Court, Justice John Tsoho and Justice Binta Nyako, over alleged disobedience to court orders. The family said the flagrant disobedience of valid court orders by Justices Tsoho…
2 hours ago
The National Centre for Technology Management (NACETEM) is set to commence a three-day capacity-building workshop on system dynamics in Abuja on Wednesday, March 12, 2025. According to NACETEM’s Director General, Dr. Olushola Odusanya, the workshop, titled Capacity Building Programme on Systems Dynamics for Policy Researchers and Policy Makers, aims to equip participants with advanced analytical…
3 hours ago
The Okpanam community in Oshimili North Local Government Area of Delta State was thrown into mourning over the weekend following the gruesome killing of 19-year-old Isioma Nwayilan. The Guardian learned that the late Nwayilan, an auxiliary nursing apprentice, was accidentally hit by a bullet fired by a member of the Okpanam anti-cult group. According to…
3 hours ago
Former Senate President, Abubakar Bukola Saraki, on Sunday, slammed current Senate President Godswill Akpabio for what he described as an attempt to politicise and trivialise calls for a transparent investigation into allegations leveled against him by Senator Natasha Akpoti-Uduaghan. Saraki, in a statement signed by his spokesperson, Yusuph Olaniyonu, dismissed Akpabio’s claim that the calls…
3 hours ago
Chelsea boosted their bid to qualify for the Champions League as Marc Cucurella's rocket sealed a 1-0 win over Leicester, while Tottenham fought back from two goals down to draw 2-2 with Bournemouth on Sunday. Cucurella struck in the second half at Stamford Bridge to lift Chelsea above Manchester City into fourth in the Premier…
4 hours ago
Security operatives in Delta State have arrested a member of the Anti-Cult Unit, Philip Chukwuka, 33, for allegedly shooting and killing a 19-year-old girl, Isioma Nwayalani, in Okpanam, a town in Oshimili North Local Government Area, near Asaba. Intelligence sources told Zagazola Makama that the tragic incident was reported at 8:30 p.m. by the family…
4 hours ago
President Donald Trump declined in an interview aired Sunday to rule out the possibility that the United States might enter a recession this year. "I hate to predict things like that," he told a Fox News interviewer when asked directly about a possible recession in 2025. "There is a period of transition, because what we're…