money laundering

January 28, 2016

Olisa Metuh’s trial continues as he arrives court, again, in handcuffs

The National Publicity Secretary of the Peoples Democratic Party, Olisa Metuh has arrived a Federal High Court in Abuja for the continuation of his trial. As with his previous appearances since his incarceration, Olisa Metuh was brought in with his hands cuffed. Olisa Metuh is on trial for a seven count charge ranging from corruption... Read More

corruption, DasukiGate, EFCC, Justice, money laundering

December 9, 2015

Dokpesi arraigned for money laundering, remanded in EFCC custody

Chairman-Emeritus of DAAR Communications Plc, Raymond Dokpesi, has been arraigned by the Economic and Financial Crimes Commission before a Federal High Court in Abuja. Dokpesi, alongside his company, Daar Investment and Holdings Ltd, were arraigned on Wednesday, on six counts of money laundering and procurement fraud related charges. He’s accused of receiving N2.1bn from the office of the National Security... Read More

: Oprah Winfrey Network, EFCC, money laundering, Raymond Dokpesi

December 8, 2015

FG slams Dokpesi with 6-count money laundering charge

Former Chairman of DAAR Communications, Raymond Dokpesi, has been slammed with a 6-count charge of money laundering and other financial offences by the Federal Government. Dokpesi, who was arrested by the Department of State Services on December 1, is being investigated over his role in the $2 billion arms contract scandal. The main actor in... Read More

Featured, The News Blog

6-count charge, arms deal, money laundering, Raymond Dokpesi

October 26, 2015

FG files money laundering charges against Sambo Dasuki, requests secret trial

A new charge of money laundering has been filed by the Federal Government against the former National Security Adviser (NSA), Col. Mohammed Sambo Dasuki (rtd). The added charge was filed at the resumed hearing on Monday, October 26, at the Federal High Court, in Abuja. The federal government is accusing the former NSA of being in the... Read More

charges, FG, money laundering, Sambo Dasuki

October 14, 2015

5 things Diezani has been accused of in the past 5 years

Former minister of Petroleum, Diezani Alison-Madueke has a regular feature in the news of late, over her arrest in London, for a money laundering case. But this is not the first time she has been hit with allegations of fraud, financial impropriety and shady dealing. In fact, throughout her tenure as the Minister of Petroleum Resources from... Read More

5 years, alison-Madueke, Former minister of Petroleum, Fraud, money laundering

October 10, 2015

How passenger was nabbed with $34,000 in Lagos airport

A passenger, Ozoh Ikenna was arrested by the National Drug Law Enforcement Agency (NDLEA) at the Murtala Muhammed International Airport (MMIA)Lagos for trying to smuggle 23 wraps containing $34,000 to Brazil. The dollars were detected during screening of Etihad Airways passengers on a flight to Abu Dhabi on Friday. The money was packed in wraps similar... Read More

brazil, dollars, Drug, money laundering

October 8, 2015

Diezani reportedly stuck in London till April 2016

Former Minister of Petroleum, Diezani Alison-Madueke has reportedly been restricted from leaving the United Kingdom where she is to be tried till April 2016. Diezani, who was recently arrested and released on bail, is expected to be arraigned before the magistrate, after the conclusion of investigation into allegations of money laundering and bribery levelled against her. Consequently, she... Read More

arrest, Bribery, diezani, money laundering, uk

September 29, 2015

How blogger got in trouble for writing about Governor Amosun’s wife

A blogger, Emmanuel Ojo, has been arrested by the Ogun State Police Command. Ojo- who is being detained at the Command’s headquarters, Eleweran, Abeokuta- is in trouble for penning a story about the alleged involvement of the Olufunso Amosun, in money laundering. The blogger had written that Ogun state governor’s wife, was detained by the... Read More

blogger, Emmanuel Ojo, Ibikunle Amosun, London, money laundering, Olufunso Amosun, police

Toyin Saraki ‘was overwhelmed’ during EFCC interrogation

The Economic and Financial Crimes Commission (EFCC) has reportedly said Toyin Saraki was ‘thoroughly overwhelmed’ by their knowledge of her alleged links to a money laundering case in Kwara state. Sahara Reporters reports that sources within the EFCC claimed Toyin Saraki, the wife to Senate President Bukola Saraki, arrived for interrogation ‘totally unprepared’ for the questions... Read More

EFCC, money laundering, Saraki, Toyin Saraki

EFCC arraigns Oronsaye for money laundering

The Economic and Financial Crimes Commission (EFCC) has arraigned a former Head of Service of the Federal Government, Stephen Oronsaye, for fraud and money laundering before a federal high court in Abuja. Oronsaye and other accused persons on Monday pleaded not guilty to the 24 count-charge when they were brought before Justice Gabriel Kolawole. Punch... Read More

EFCC, money laundering, Stephen Oronsaye

Saraki says allegations that he laundered money are ‘negative lies’

Senate President, Bukola Saraki, on Friday, said he will not be distracted by “negative lies” being reported about him on some online media platforms. Saraki, who says that the reports are sponsored by mischief makers, was reacting to a Sahara Reporters’ report which alleged that he used shell companies and credit cards to launder money... Read More

Bukola Saraki, money laundering, Sahara Reporters, twitter.

Ex-Imo Governor arraigned on 3 counts of money laundering

Former Governor of Imo State, Ikedi Ohakim, has been arraigned on three counts of money laundering. Ohakim was arraigned on Wednesday, July 8, before Justice Adeniyi Ademola of a Federal High Court in Abuja. He would however, plead not guilty to the three counts. Justice Ademola subsequently adjourned the case till Thursday, July 9, for hearing... Read More

arraigned, Ikedi Ohakim, money laundering

Shocked EFCC vows to challenge Fani-Kayode’s acquittal

Following the acquittal of former Minister of Aviation, Femi Fani-Kayode, by a Federal High Court in Lagos, the Economic and Financial Crimes Commission, has vowed to challenge the ruling. Justice Ofili-Ajumogobia, had earlier today, July 1, discharged and acquitted Fani-Kayode of money laundering charges levelled against him by the graft commission. Ofili-Ajumogobia, had ruled that the charges brought... Read More

acquittal, EFCC, Femi Fani-Kayode, money laundering

How Fani-Kayode got acquitted by a Federal High Court

After years of his trial being in court, former Minister of Aviation, Femi Fani-Kayode has been discharged and acquitted of money laundering charges by a Federal High Court in Lagos. Fani-Kayode’s trial commenced in 2008 before Justice Ramat Mohammed, when he was arraigned by the Economic Financial Crimes Commission. He was alleged to have laundered about... Read More

acquitted, EFCC, Femi Fani-Kayode, high court, money laundering

Fani-Kayode will know whether (or not) he’d go to jail by June 18

by Ranti Joseph A Federal High Court in Lagos fixed June 18 for judgment in the trial of a former Minister of Aviation, Femi Fani-Kayode, charged with money laundering. Justice Rita Ofili-Ajumogobia on Monday fixed the judgment following the adoption of final written addresses and arguments by the counsel to the Economic and Financial Crimes... Read More

EFCC, Femi Fani-Kayode, minister of aviation, money laundering

February 12, 2015

Transparency Int’l wants Nigeria to prosecute money launderers

by Ranti Joseph Transparency International on Thursday has called on Nigeria and other governments across the world to, along with their security agencies, combine forces to put an end to money laundering. In a statement released by its spokeswoman, Deborah Unger, TI urged the governments to assign the highest priority to prosecuting individuals and banks... Read More

HSBC, Jose Ugaz, money laundering, nigeria, Transparency International

October 7, 2014

N670 million withdrawn illegally as Kano DISCO accused of money laundering as BPE sale gets messier

by Godwin Akanfe It appears there has been some money laundering attempt at the Kano Electricity Distribution Company, KEDCO, managed by Sahelian Energy. Last month the Nigeria Electricity Regulatory Commission probed Sahelian Energy for purportedly diverting N670 million of the company’s money to the Fidelity bank account of their sister firm Northwest Power. Incar Power, a... Read More

Bureau of Public enterprise, Electricity, kano, money laundering, nigeria, PHCN, Sahelian Energy

#MovingOn: EFCC closes case against Femi Fani-Kayode

by Kolapo Olapoju The Economic and Financial Crimes Commission (EFCC) has reportedly closed its case in the protracted trial of Femi Fani-Kayode, the former aviation minister who was charged with various counts of money laundering. On Thursday, July 10, when the case, which was presided over by Justice Rita-Ofili Ajumogobia of the Federal High Court,... Read More

EFCC, Federal High Court, Femi Fani-Kayode, Justice Rita Ofili-Ajumogobia, money laundering, Mr Vitalis Ahaotu, Mr Wale Akoni

Why N446.3 billion money laundering charge against Abacha was dropped

by ‘Jola Sotubo The Presidency has dropped money laundering charges against Mohammed Abacha, son of late dictator, Sani Abacha after a deal was made to recover a sum of $227m (About N35.2bn) from Liechtenstein. Mohammed was charged with laundering N446.3 billion and reports have it that he was given the all-clear so that he could... Read More

kano, Mohammed Abacha, Mohammed Adoke, money laundering, Nigerai, Politics, Rabiu Musa Kwankwaso

Money laundering: Football legend, Pele’s son sentenced to 33 years in prison

by Oge Okonkwo Son of Brazilian football legend Pele has been sentenced to 33 years in jail for money laundering. 43-year-old Edinho whose real name is Edson Cholbi do Nascimento, a retired footballer played as a goalkeeper in his father’s old club, Santos, in the 1990s. Edinho was first arrested in 2005 for drug trafficking offences and links... Read More

33 years, brazil, Edinho, money laundering, Pele, sentenced, son

February 27, 2014

YNaija Editorial: Sanusi made things messy, but his removal is not acceptable

by Our Editors The federal government based its decision to suspend the governor on the damning report by the little-known agency called the Financial Reporting Council of Nigeria. While announcing the suspension, Special Adviser to the President on Media and Publicity, Reuben Abati accused Mr Sanusi of “acts of financial recklessness and misconduct that are... Read More

February 26, 2014

Opinion: Why Pres. Jonathan must protect Gov. Shettima

by Zainab Suleiman Okino With Sanusi and other examples, Governor Shettima’s criticism of the government’s handling of the Boko Haram insurgents’ renewed boldness and wanton killing in the North East expectedly and typically drew the ire of the presidency, followed by Okupe’s mindless reaction and the governor’s planned ouster. When information crept into town last... Read More

January 25, 2014

Money laundering: Why Ibori will complete his prison term in the UK

by ‘Jola Sotubo The impending prisoner exchange scheme to be embarked upon between the United Kingdom and Nigeria might not involve former Governor of Delta, James Ibori. There are strong indications that Mr. Ibori, who is serving jail time after being found guilty of money laundering, will complete his sentence in the UK. It is... Read More

delta state, James Ibori, money laundering, prison term, prisoner exchange, sentence, U.K

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