2 Jan 2021
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.
29 Feb 2020
Chairman, Dynatech Group, Chigozie Chukwudi Okafor has said that the $8 million that was recently intercepted at the airport should be properly documented...
10 Feb 2020
Mohammed Adoke, former Attorney General of the Federal (AGF) and Minister of Justice was, on Monday, arraigned by the EFCC at the Federal High Court, Abuja
23 Jan 2020
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.
9 Jan 2020
The trial of suspected internet fraudster, Ismail Mustapha, popularly called Mompha, before a Federal High Court in Lagos, has been adjourned till January 15.
11 Dec 2019
The Minister of Finance Budget and Planning Zainab Ahmed and State Minister for Petroleum Resources, Timipre Sylva as well as other stakeholders in the extractive sector in the country
8 Nov 2019
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.
20 Oct 2019
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.
14 Oct 2019
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.
30 Sep 2019
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.
26 Aug 2019
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…
11 Aug 2019
Once one of the world's richest men, Brazilian entrepreneur Eike Batista was out of jail Sunday after having been detained for violating terms of his house arrest, prison officials said. "He went out Saturday night," a prisons spokesperson told AFP.