• Supreme Court judge arraigned for money laundering

    Supreme Court judge arraigned for money laundering

    According to reports, the Federal Government on Monday arraigned a Justice of the Supreme Court, Justice Sylvester Ngwuta, on charges of money laundering and others bordering on breaches relating to obtaining of passports.

    The justice of the apex court, who was charged following the raid on his house and some other judges by operatives of the Department of State Service, pleaded not guilty to all the 16 counts read to him on Monday.

    It was alleged in the 16 counts that Ngwuta […]

  • How Metuh spent N171m for Jonathan’s image laundering – witness tells court

    How Metuh spent N171m for Jonathan’s image laundering – witness tells court

    A Federal High Court in Abuja on Tuesday heard how PDP National Publicity Secretary, Olisa Metuh, spent N171 million to launder ex-President Goodluck Jonathan’s image ahead of the 2015 elections.

    The News Agency of Nigeria (NAN) reports that Metuh is standing trial on allegation of embezzling N400 million.

    In his testimony before Justice Okon Abang, Richard Ihediwa, the fifth defence witness, told the court that Metuh spent N171 million on the committee for the image laundering exercise.

    Ihediwa said N140 million was spent […]

  • EFCC arraigns Fani-Kayode over fresh money laundering charges

    EFCC arraigns Fani-Kayode over fresh money laundering charges

    According to reports, the Economic and Financial Crimes Commission, EFCC, will on Thursday (today) arraign a former Minister of Aviation, Chief Femi Fani-Kayode, for allegedly receiving N26m from the Office of the National Security Adviser.

    Some fresh money laundering charges were last month filed against Fani-Kayode by the EFCC before the Federal High Court sitting in Abuja.

    Fani-Kayode is the sole defendant in the fresh charges numbered, FHC/ABJ/CR/140/2016, before Justice John Tsoho of the Federal High Court in Abuja.

    The EFCC in the […]

  • Court convicts companies of laundering Patience Jonathan’s $15.5m

    Court convicts companies of laundering Patience Jonathan’s $15.5m

    A Federal High Court in Lagos on Thursday convicted four companies of laundering $15.5m kept in their accounts with Skye Bank.

    The companies – Pluto Property and Investment Company Limited; Seagate Property Development & Investment Co. Limited; Trans Ocean Property and Investment Company Limited and Avalon Global Property Development Company Limited – are linked with a former Special Adviser on Domestic Affairs to ex-President Goodluck Jonathan, Waripamo-Owei Dudafa.

    The Economic and Financial Crimes Commission had in August frozen the accounts of the […]

  • Kalu pleads not guilty to money laundering charges

    Kalu pleads not guilty to money laundering charges

    According to reports, the Economic and Financial Crimes Commission (EFCC) on Monday charged former Gov. Orji Uzor Kalu of Abia with money laundering before a Federal High Court in Lagos.

    Kalu is charged alongside his company, Slok Nigeria Ltd., and his former Commissioner for Finance, Jones Ude, on 34 counts bordering on money laundering.

    The accused pleaded not guilty to the charges.

    After the plea, counsel to the accused, Mr Mike Ozekhome (SAN), urged the trial judge, Justice Mohammed Idris, to allow the […]

  • Kaduna council official bags 10 years for money laundering

    Kaduna council official bags 10 years for money laundering

    A Federal High Court sitting in Kaduna presided over by Justice Evelyn Anyadike on Thursday convicted one Aminu Ya’u, a former cashier of Giwa Local Government Area of Kaduna State for money laundering.

    The court found the accused guilty on two counts of money laundering and sentenced to five years imprisonment on each count.

    However, following the plea for mercy by his counsel, D.G. La’ah, and submissions of the prosecution counsel, M. S. Abubakar, that the court should be guided by the […]

  • Fani-Kayode, Usman get new trial date in money laundering case

    Fani-Kayode, Usman get new trial date in money laundering case

    According to reports, the absence of Justice Sule Hassan of a Federal High Court in Lagos, on Wednesday stalled the trial of a former Minister of Aviation, Femi Fani-Kayode, over money laundering.

    Fani-Kayode, who was also former Director of Media and Publicity, campaign committee of ex-President Goodluck Jonathan, is charged alongside a former Minister of Finance, Nenandi Usman, and Danjuma Yusuf.

    Also charged is a company, Joint Trust Dimension Nig. Ltd.

    They were arraigned on 17 counts bordering on unlawful retention, unlawful use […]

  • Banker gets 12-year jail term, forfeits N43m for money laundering

    Banker gets 12-year jail term, forfeits N43m for money laundering

    According to reports, the Federal High Court in Ibadan has sentenced a former employee of Wema Bank, Ademola Oni, to 12-year imprisonment for conspiracy and money laundering.

    The court, which was presided over by Justice Joyce Abudmalik on Thursday, also ordered that the convict forfeit all his properties and cash in various banks as proceeds of crime.

    The properties to be forfeited by the convict are an empty plot of land fenced with black gate located along the road beside Secam Church, […]

  • Interrogate Patience Jonathan for money laundering – CACOL tells EFCC

    Interrogate Patience Jonathan for money laundering – CACOL tells EFCC

    According to reports, the Coalition Against Corrupt Leaders, CACOL, has called on the Economic and Financial Crimes Commission, EFCC, to immediately invite the wife of the immediate past President, Goodluck Jonathan for questioning over the allegations of money laundering involving herself, her aides and some Skye Bank officials.

    Executive Chairman of the Coalition, Debo Adeniran, said, “it is beginning to appear like the EFCC is disposed to ‘pampering’ some suspected corruption criminals in our country even though the Act that established […]

  • Buhari urges bankers to leverage on ICT to fight money laundering

    Buhari urges bankers to leverage on ICT to fight money laundering

    Players in the Nigerian banking sector have been asked to make judicious use of the benefits of Information and Communications Technology (ICT) in their commitment to help the federal government fight the menace of money laundering in the country.

    President Muhammadu Buhari made the statement yesterday at the 10th Banking and Finance Conference held at the Transcorp Hilton, Abuja with the theme: “Innovation in the Financial Services Industry: Driving Nigeria’s New Economy.”

    Beyond compliance to the Central Bank of Nigeria (CBN’s) Anti-Money […]

  • Dogara involved in money laundering – Jibrin

    Dogara involved in money laundering – Jibrin

    The ousted Chairman, House of Representatives Committee on Appropriation, Abdulmumin Jibrin (APC, Kano ) has alleged the Speaker, Yakubu Dogara to have been involved in cases of money laundering since his (Dogara) Chairmanship of House Services Committee.

    Dogara was House Services Committee Chairman in the 6th and 7th House of Representatives while Jibrin, as a first timer was Finance Committee Chairman in the 7th House.

    Jibrin, in a statement yesterday also alleged the Speaker to have been involved in the car purchase […]