money laundering
9 hours ago
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…
3 days ago
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.
7 Mar
Justice Olubunmi Abike-Fadipe of a Lagos Special Offences Court, Ikeja, has sentenced a man, Toheeb Yusuf, to one year imprisonment for engaging in money laundering.
23 Feb
Nigeria, like many other nations, is currently undergoing a transformative digital financial revolution that holds immense promise for financial inclusion and economic growth. However, with this surge in digital financial services comes an escalating need for robust security measures to safeguard against illicit financial activities. In this rapidly evolving landscape, the role of financial risk…
6 Feb
Operatives of the Economic and Financial Crimes Commission (EFCC) have arrested the General Overseer of Faith on The Rock Ministry International, Apostle Theophilus Oloche Ebonyi, for defrauding church members and other Nigerians of about N1.31 billion, using fake grants from the Ford Foundation.
5 Feb
The Economic and Financial Crimes Commission (EFCC) has arrested the General Overseer of Faith On The Rock Ministry International, Apostle Theophilus Ebonyi, over allegation of defrauding church members and other Nigerians.
24 Jan
The Economic and Financial Crimes Commission (EFCC) will, today, arraign immediate past governor of Anambra State, Willie Obiano, before a Federal High Court in Abuja for alleged money laundering during his tenure. The anti-graft agency claimed that Obiano misappropriated public funds to the tune of N4 billion when he held sway between 2014 and 2022.…
8 Dec
The Compliance Institute, Nigeria (CIN) said that the urgent passage of its charter bill would enhance Nigeria’s efforts to address deficiencies that led to the ‘grey listing’ of Nigeria by the Financial Action Task Force (FATF).
Latest
12 mins ago
KPMG has announced the cancellation of job offers to some foreign graduates in the United Kingdom (UK). KPMG took this step following the decision of the UK government to tighten visa rules for overseas workers in a bid to cut record immigration. The Financial Times reports that one of the UK’s biggest graduate employers, the…
20 mins ago
Kano State governor, Abba Kabir Yusuf, is in the United States of America for a high-powered symposium organised by U.S. Institute of Peace (USIP). The three days conference being attended by governors of Kano, Katsina, Zamfara, Kaduna, Niger, Sokoto, Kebbi, Jigawa and Plateau states, is designed to address insecurity in Northern Nigeria and proffer better…
30 mins ago
Sir Chikwe Udensi, a security consultant with the International Criminal Police Organization (INTERPOL), has urged Abia State governor, Dr Alex Otti, not to mix his good works with some falsehood when passing information to the people. Udensi, a chieftain of the All Progressives Grand Alliance (APGA), said that he is disturbed at the way the…
1 hour ago
The Kaduna State House of Assembly Ad-Hoc Committee has set up a committee to investigate the administration of former Governor Nasir El-Rufai. The committee, established during the Assembly's sitting on April 16th, has requested a comprehensive set of documents from the state commissioner of finance. The probe will include details of all loans acquired during…
1 hour ago
Football teams that have registered for the much anticipated Alimosho Football Coaches Council Under-16 League have been warned to desist from all sorts of football unprofessionalism that can bring the league and football into disrepute. According to the leader of Alimosho Football Coaches Council, Mr. Samuel Uchenna Eke: "We want to do better than last…
3 hours ago
Hearing in two separate money laundering suits filed by the Economic and Financial Crimes Commission (EFCC) against British national, James Nolan, could not proceed on Wednesday at a Federal High Court, Abuja.
3 hours ago
Iranian goalkeeper Hossein Hosseini has been banned by the Iranian Football federation for Hugging a female fan after a football game. The goalkeeper was banned and fined of approximately #6.2Million for his actions which is against the country's policy as far as both genders are concerned. The incident unfolded when a female supporter's hijab slipped,…
4 hours ago
President Bola Tinubu has called on the nation’s Judiciary to embark on reforms that will ensure functional justice system and support economic growth.
4 hours ago
Dr. Umar Ganduje, the National Chairman of the All Progressives Congress (APC), has said that the party would provide solutions to the challenges bedevilling the country. Ganduje stated this during the APC grand finale campaign and the presentation of party flags to the 11 local council chairmanship candidates, on Wednesday in Gombe. The News Agency…
4 hours ago
Nigerian chess master and founder, ‘Chess in Slums Africa’, Tunde Onakoya has returned to Nigeria after he broke the Guinness World Record for the longest time playing chess without losing a game. Onakoya broke the record of Norwegian players, Hallvard Haug Flatebø and Sjur Ferkingstad, who played for 56-hour, 9-minute in 2018. He made his…