• Justice Ngwuta pleads not guilty to money laundering charges

    Justice Ngwuta pleads not guilty to money laundering charges

    Justice Sylvester Ngwuta  of the Supreme Court, who is currently standing trial for alleged money laundering,  has pleaded not guilty to the 15-count charge of money laundering, breach of professional ethics and forgery brought against him by the federal government.

    When the charges were read to him, Ngwuta told the court that he was not guilty of all the counts.

    Prosecution counsel, Mr Adeogun Philips rejected an attempt by Ngwuta’s lawyer to ask for bail, he said he had just been served and would need a […]

  • EFCC asks court to arrest Ladoja

    EFCC asks court to arrest Ladoja

     

    The Economic and Financial Crimes Commission (EFCC) has asked the Federal High Court in Lagos to order the arrest of former Oyo State Governor Rashidi Ladoja for alleged refusal to show up in court over a N4.7 billion money laundering charge.

     

    Prosecuting counsel Olabisi Oluwafemi said the defendants did not honour EFCC honour the invitation but merely sent their lawyers to represent them.

    He urged the court to issue a bench warrant against the defendants.

    However, Ladoja’s lawyer, Bolaji Onilenle, said he did […]

  • Money laundering: EFCC re-arrest Fani-Kayode in court

    Money laundering: EFCC re-arrest Fani-Kayode in court

    It was gathered that the Economic and Financial Crimes Commission (EFCC) on Friday re-arrested Chief Femi Fani-Kayode, after he emerged from trial before a Federal High Court in Lagos.

    Fani-Kayode, who is 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 with them is a company, Joint Trust Dimension Nigeria Ltd.

    They were arraigned on a 17-count charge bordering on unlawful retention, unlawful use and […]

  • Money laundering: Jonathan’s ex-aide loses bid to nullify guilty plea

    Money laundering: Jonathan’s ex-aide loses bid to nullify guilty plea

    A former Special Adviser on Domestic Affairs to ex-President Goodluck Jonathan, Waripamo Dudafa, on Friday lost his bid to nullify the guilty plea by four companies linked to Jonathan’s wife, Patience.

    Justice Babs Kuewumi dismissed the application because it was unmeritorious.

    The companies, on September 15, pleaded guilty to laundering $15,591,700 (about N5 billion) when they were arraigned.

    They are – Pluto Property and Investment Company Limited (represented by Friday Davis), Seagate Property Development and Investment Company Limited (represented by Agbor Baro), Trans […]

  • Presidential panel member re-arraigned for alleged $1m money laundering

    Presidential panel member re-arraigned for alleged $1m money laundering

    A member of committee set up by President Muhammadu Buhari to investigate procurement of arms and equipment in the Armed Forces, Air Commodore Umar Mohammed, has been  re-arraigned before the Federal High Court in Abuja.

    Umar, 54, was arraigned on Friday with his company, Easy Jet Integrated Services Limited, before Justice John Tsoho, on a four-count amended charge. They were charged with money laundering, illegal possession of firearms and violation of the Official Secret Act.

    They were earlier arraigned in July before […]

  • Money Laundering: Patience Jonathan denies link with companies that pleaded guilty

    Money Laundering: Patience Jonathan denies link with companies that pleaded guilty

    Former President Goodluck Jonathan’s wife, Patience, Thursday denied allegations that her accounts were used to launder huge sums.

    In a statement by her media aide, Yemi Akinbode, Mrs Jonathan said she was constrained to respond to “tissues of lies being churned out” by the Economic and Financial Crimes Commission (EFCC).

    The statement said: “That Mrs. Patience Ibifaka Jonathan is laying claim to ownership of a whopping sum of $31.7 million dollars fund recovered by EFCC is a complete fallacy. Mrs. Jonathan does […]

  • Breaking News: Four companies linked to Patience Jonathan’s $15m plead guilty to money laundering charges

    Breaking News: Four companies linked to Patience Jonathan’s $15m plead guilty to money laundering charges

    Four companies charged alongside a former Special Adviser to ex-President Goodluck Jonathan, on Domestic Affairs, Waripamo Dudafa, with charges bordering on money laundering, on Thursday, pleaded guilty before a Lagos Federal High Court.

    The four companies, Pluto Property and Investment Company Limited; Seagate Property Development & Investment Co. Limited; Trans Ocean Property and Investment Company Limited and Development Company Limited and Avalon Global Property Development Company Limited were arraigned by the Economic and Financial Crimes Commission, EFCC, for charges bordering on […]

  • Money laundering: CBN orders banks to freeze illicit transfers, accounts

    Money laundering: CBN orders banks to freeze illicit transfers, accounts

    The Central Bank of Nigeria (CBN) has directed commercial banks to conduct Know Your Customers’ Businesses (KYCB) to ensure customers do not transact illegal or illicit remittances through the banking industry.

    The CBN gave the directive to authourised dealers, mainly banks, on Friday in a circular signed by the Acting Director of Trade And Exchange Department, Mr W.D Gotring and titled, “Illicit international money remittances through the banking system’’.

    The apex bank had observed that some Deposit Money Banks (DMBs) were operating […]

  • Padding: Jibrin may face arrest, as EFCC brings up money laundering charges

    Padding: Jibrin may face arrest, as EFCC brings up money laundering charges

    Notwithstanding claims by the former chairman of the House of Representatives Committee on Appropriations, Abdulmumin Jibrin, that he was invited to shed light on his petitions regarding alleged budget padding, details have emerged that he was on Thursday summoned by the Economic and Financial Crimes Commission (EFCC) to answer questions bothering on allegations of money laundering and fraudulent diversion of contracts in his Bebeji/Kiru Federal Constituency of Kano State and other sundry petitions against him.

    It was gathered yesterday that the […]

  • Nigerian oil magnate arraigned by UK for money laundering

    Nigerian oil magnate arraigned by UK for money laundering

    Walter Wagbatsoma, Managing Director of Ontario Oil and Gas Limited,  has been extradited to the United Kingdom where he is facing money laundering charges.

    According to a UK-based newspaper, Lincolnshire Echo, Wagbatsoma who was extradited from Germany, was accused of money laundering in a multi-million pound fraud. He appeared before Lincoln Magistrates’ Court on Friday.

    The oil magnate was detained last month in Germany after Lincolnshire Police issued a European Arrest Warrant. The 46-year-old was extradited to the UK on Thursday, when he […]

  • EFCC closes money laundering case against former Governor Dariye

    EFCC closes money laundering case against former Governor Dariye

    The trial of a former governor of Plateau State, Joshua Dariye, continued on Monday with the Economic and Financial Crimes Commission (EFCC) presenting its 10th witness, as it closed its case against him.

    Mr. Dariye, who fled to Nigeria in 2004 while being tried for money laundering in the UK, is being prosecuted by the EFCC on charges bordering on money laundering and diversion of funds before Justice Adebukola Banjoko of the Federal Capital Territory, FCT, High Court, Gudu, Abuja.

    He is […]