US closes key money-laundering, tax evasion channel
A major avenue for global money laundering and tax evasion has been closed off by a new law requiring disclosure of owners of US shell companies used to hide billions of dollars.
Government must clampdown on money laundering, says Okafor
Chairman, Dynatech Group, Chigozie Chukwudi Okafor has said that the $8 million that was recently intercepted at the airport should be properly documented...
Police quiz bank workers for alleged fraud, money laundering
The Lagos State police command is investigating three new generation banks for alleged fraud and money laundering of US$450,267.82, which is about N162,765,000.
Court fixes Jan 15 to try Mompha for alleged money laundering
The trial of suspected internet fraudster, Ismail Mustapha, popularly called Mompha, before a Federal High Court in Lagos, has been adjourned till January 15.
Five high profile persons who have appeared in court on wheelchairs
Here's a thread of events you’ve probably seen before: a high profile government official gets charged to court for a case of money laundering, fraud or any other crime, they fall ill, get admitted to a hospital, and then show up in court in a wheelchair.
‘Unveiling beneficial owners critical to tackling IFFs, terrorism’
Nigeria may not address challenges of economic leakages, especially Illicit Financial Flows (IFFs), money laundering and illegal assets, unless the Federal Government and other stakeholders provide necessary support for the introduction of beneficial ownership register, the Civil Society Legislative and Advocacy Centre (CISLAC) has said.
‘Developers sanitising real estate sector to curb money laundering’
Following insinuations that looters and money launderers use real estate to hide their illicit wealth, the Real Estate Developers Association of Nigeria (REDAN) has revealed how it stepped up efforts to curb sharp practices and other illegalities in the sector.
Trial of ex FCT Minister, others, to resume October 11
A Federal High Court in Lagos, Monday, further adjourned until Oct. 11, the trial of former Minister of the Federal Capital Territory, Jumoke Akinjide, and others, facing money laundering charges in the sum of N650 million.
Presidency reacts to FBI indictment of 77 Nigerians
Days after United State authorities listed 77 Nigerians in a massive fraud, Nigeria Presidency said the government will not stand in the way of justice being administered on its citizens who act contrary to laws of their host countries. “Every citizen of this country who travels out of the country is required to obey the…