Babalele was remanded in the EFCC custody by a Federal High Court sitting in Lagos, after he was granted bail, following his arraignment on allegation of money laundering. The Nation reports that Babadele was released on Friday, August 16, after he was detained by a Federal High Court over money laundering allegation. Before he was … Continue reading EFCC releases Atiku’s son-in-law
The EFCC, in a statement said since early hours of today, it had been inundated with calls that operatives of the Commission raided the residence of the former governor of Lagos State, Akinwunmi Ambode. “We need to state for the records that the EFCC did not raid Ambode’s house. It is instructive that his administration, … Continue reading We didn’t raid Ambode’s Residence – EFCC
An Angola ex-transport minister was on Thursday jailed for 14 years for corruption, making him the first high profile official to be convicted since President Joao Lourenco took office two years ago. The Supreme Court found Augusto da Silva Tomas, who was minister under former leader Jose Eduardo dos Santos, guilty of six counts including … Continue reading Angola ex-transport minister jailed for 14 years for corruption
The Vice President of the Federal Republic of Nigeria has a stake with Simmon Coopers Partners has been linked to another firm known as Ocean Trust Limited which has allegedly been reported of N100bn scam involving Alpha Beta Consulting Limited and Alpha Beta LP. Simmons Coopers was listed as a company in which Prof Yemi … Continue reading Yemi Osinbajo’s firm linked to company identified in alleged N100bn scam
President Muhammadu Buhari has finally sacked the Executive Secretary of the National Health Insurance Scheme (NHIS), Prof. Usman Yusuf after seven months of being recommended for dismissal. He also approved the appointment of Prof. Mohammed Nasir Sambo as the new Executive Secretary. Concise News recalls that a panel set by the Secretary to the Government of the Federation had … Continue reading N919m fraud: Buhari sacks NHIS boss, Usman Yusuf
Federal High Court in Ikoyi, Lagos has ordered the final forfeiture of the sums of N210,287,697.45; N5,320,373.40; N15, 008,809.79 and $80.59 belonging to one Dehinbo Oluwatobi Reuben, an internet fraudster, to the federal government. Justice Saliu Saidu gave the order on Tuesday at the hearing of the forfeiture application brought by the Economic and Financial Crimes … Continue reading Internet Fraudster Forfeits N230 Million To Nigerian Government
Justice Ayotunde Faji of the Federal High Court, Lagos, yesterday, ordered the arrest the chairman of Innoson Motors, Mr. Innocent Chukwuma, and two others for their persistent refusal to appear before him to face charges slammed against them by the Inspector-General of Police (IGP). Others affected by the order are Charles Chukwu and Anajekwu Sunny. The court gave … Continue reading Alleged N2.4bn Forgery: Court orders arrest of Innoson Motors’ boss
A financial consultant, Henry Claudius, and some other Twitter users have accused a former presidential aide, Reno Omokri, of diverting funds meant for the family of the abducted Dapchi schoolgirl, Leah Sharibu. Using the Twitter hashtag #RenoUndarted, some Nigerians on Twitter accused Omokri of printing T-shirts branded with Sharibu’s name, writing books and selling them … Continue reading Leah Sharibu: Reno Omokri Accused of Taking grants, Selling Books in Girl’s Name & Pockets Money
A suspect identified as Dare Oladimeji who can hack into any bank account to withdraw customers’ money, has been arrested by operatives of the Special Anti-Robbery Squad, Ladipo, Lagos. Oladimeji, a former footballer, plied his trade in Dubai and returned to the country in 2016. He was arrested after he withdrew N200, 000 from one … Continue reading How I hack into any Nigerian bank account and withdraw money – Man reveals
Over 211 million Pounds, belonging to late Head of State, General Sani Abacha, have been seized from a Jersey bank account, according to latest reports. According to the reports, General Abacha allegedly laundered money through the US into the Channel Islands and the funds had been lodged in accounts held in Jersey by Doraville Properties … Continue reading Abacha’s loot discovered in Channels Island
The Economic and Financial Crimes Commission, EFCC, has arraigned the registered trustee of Micheno Multi-purpose Cooperative Society, Mr. Uno Michael Eke before Justice Simon Amobeda of the Federal High Court, sitting in Calabar, Cross River State, on a separate 74-count charge, for allegedly obtaining over N320 million (Three Hundred and Twenty Million) by false pretence … Continue reading Ponzi Scheme: Micheno Boss To Remain In Prison Over N320m Fraud Charge
Kenya's President Uhuru Kenyatta has announced that the country's currency is to be replaced with a new generation of banknotes. Kenyans must return their 1,000 shilling ($10; £8) notes to banks by 1 October, in a bid to fight money laundering, counterfeits and corruption. New currency is to be brought in over the coming months with other denominations being phased out gradually.
The Economic and Financial Crimes Commission EFCC) has urged the general public to be vigilant in order not to fall victim to new tricks deployed by car thieves to dispossess unsuspecting Nigerians of their vehicles. The alert was borne out of the shocking discoveries made during investigations into the allegations of crime levelled against Babatunde Oluwatope Oni alias Olu Daniel and Oni Daniel Oluwatope.