Money Laundering

A former governor of Kogi State, Yahaya Bello, is still presumed innocent as his N80.2 billion fraud case moves through the courts, the Economic and Financial Crimes Commission has said. The clarification came from the anti-graft agency…
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The Minister of Power, Adebayo Adelabu, has said the alleged disappearance of N128 billion in the power sector did not happen during his time in office, stressing that the matter relates to a period before his appointment. The issue…
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The Federal High Court in Abuja on Friday granted bail to Bauchi State Commissioner for Finance, Yakubu Adamu, who is facing trial over alleged money laundering involving N4.6 billion. Justice Emeka Nwite approved the bail despite…
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Bauchi State Governor Bala Mohammed has confirmed that Muntaka Mohammed Duguri, one of the suspects in an EFCC money laundering case, is his nephew. The confirmation came during a television interview on Thursday as the case continues…
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The Economic and Financial Crimes Commission on Tuesday arraigned Bauchi State Commissioner for Finance, Yakubu Adamu, over an alleged N5.79 billion money laundering case before a Federal High Court in Abuja. The case was brought before…
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The Economic and Financial Crimes Commission (EFCC) has reportedly confiscated the passport of a popular socialite and businessman, Obinna Iyiegbu, aka Obi Cubana, who was arrested on Monday for alleged money laundering and tax fraud. It…
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The Economic and Financial Crimes Commission (EFCC) has arrested billionaire club owner, Obi Iyiegbu, popularly known as Obi Cubana. It was reported that EFCC arrested Obi Cubana, a Nigerian entrepreneur and businessman, who chairs the…
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The United States Department of Justice, on Friday, charged the Chairman and Chief Executive Officer of Air Peace, Mr. Allen Onyema, with bank fraud and money laundering for moving more than $20m from Nigeria through United States bank…
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The indictment alleges that the defendants and others used various online fraud schemes – including business email compromise (BEC) frauds, romance scams, and schemes targeting the elderly – to defraud victims out of millions of dollars.
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