Tag: Money Laundering

EFCC Chairman says the commission is to focus on “tax consultants, car dealers, real estate managers, lawyers and accountants” in its war against corruption

The Economic and Financial Crimes Commission (EFCC) says the commission was working tirelessly to focus on gatekeepers in money laundering. Executive Chairman of EFCC, Abdulrasheed Bawa, told the News Agency of Nigeria (NAN) in New York that the gatekeepers are non-designated financial institutions as provided for in the Money Laundry[Read More…]

Presidential Panel Names Pastor used by former acting EFCC Chairman, Ibrahim Magu in allegedly Laundering funds

A report by the Presidential Probe Panel has revealed details of how the suspended acting chairman of the Economic and Financial Crimes Commission (EFCC), Ibrahim Magu, allegedly used a cleric to launder funds abroad. Magu is currently being interrogated by the panel headed by retired Justice Ayo Salami over allegations[Read More…]

$153m: EFCC withdraws 14 count charge filed against Deizani Madueke

The Economic and Financial Crimes Commission (EFCC) has withdrawn a 14 count charge filed against a former Minister of Petroleum, Deizani Madueke, along with Ben Otti, Nnamdi Okonkwo, Stanley Lawson, Lanre Adesanya, and Dauda Lawal, all of them former officials of commercial banks and the Nigerian National Petroleum Corporation (NNPC).[Read More…]

“I never laundered money in my life” – AirPeace CEO Heads to court

AirPeace CEO, Allen Onyema has denied all fraud allegations by the USAZ, stating that they are false and are in no way in line with his character as a person and as a business man whose only aim has been to build Nigeria and improve wellbeing. “As the press statement[Read More…]

Chanting Solidarity Songs For Patience Jonathan, Former First Lady, Women Storm Court

Women numbering over 100 on Wednesday stormed the federal high court in Lagos, chanting solidarity songs for Patience Jonathan, former first lady. On September 22, the Economic and Financial Crimes Commission (EFCC) ordered the freezing of some bank accounts belonging to her. The commission had said the action was due[Read More…]

Buhari’s Presidential Arms Panel Member Caught with $1mn Cash Re-Arraigned in Court

Jon Ode’s Arms Panel Member Caught with $1mn Cash Re-Arraigned in Court …. for Money-laundering, Illegal arms possession and Secret Act Violation A member of the AVM Jon Ode-led Presidential Arms Probe Panel on $2.1bn arms procurement fund, who was caught with $1m cash in his house, Air Commodore Umar[Read More…]

Senator Dino Melaye Says MTN Telecoms Been Involved In Gross Money Laundering In Nigeria

The Senate of the Federal Republic of Nigeria was on Thursday shocked when Senator Dino Melaye, representing Kogi West revealed that telecommunication giants in Nigeria, MTN, has been involved in gross money laundering. The Senator who made the revelation under order 42 of the Senate rule was particularly pained,stating that[Read More…]

Patience Jonathan Says EFCC Hired Mercenaries To Plead Guilty To $15m Money Laundering Charge

Following the guilty plea of the four persons representing four companies linked to her, former First Lady, Dame Patience Jonathan has said that the individuals were not authorised by the companies to represent them. She alleged that the persons are mercenaries hired by the Economic and Financial Crimes Commission (EFCC)[Read More…]

Money Laundering: Four Companies Plead Guilty To $15m Allegedly Linked To Ex-First Lady, Patience Jonathan

(EFCC Press Release) Four companies: Pluto Property and Investment Company Ltd, Seagate Property Development and Investment Company Ltd, Trans Ocean Property and Investment Company Ltd, and Avalon Global Property Development Company Ltd, allegedly linked to Dame Patience Jonathan, wife of former President Goodluck Jonathan in a $15million money laundering case[Read More…]

EFCC And Buhari Received Petition Alleging How Kogi Gov, Yahaya Bello Allegedly Looted N11 billion

Nigeria’s President, Muhammadu Buhari and the Economic and Financial Crime Commission, EFCC, have received a petition alleging how the Kogi State Governor, Yahaya Bello looted the state’s treasury of the sum of N11 billion. The petition sent to the EFCC and copied the president and the vice president, Prof. Yemi[Read More…]