money laundering – InfoStride News https://www.theinfostride.com Breaking News, Nigeria News and Top Stories Mon, 23 Mar 2026 17:48:53 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://www.theinfostride.com/wp-content/uploads/2015/07/cropped-The-InfoStride-Favicon-150x150.png money laundering – InfoStride News https://www.theinfostride.com 32 32 ICPC to Arraign El-Rufai Over Alleged Fraud, Money Laundering https://www.theinfostride.com/icpc-to-arraign-el-rufai-over-alleged-fraud-money-laundering/ https://www.theinfostride.com/icpc-to-arraign-el-rufai-over-alleged-fraud-money-laundering/#respond Mon, 23 Mar 2026 11:00:38 +0000 https://www.theinfostride.com/?p=480093 The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has announced that former Kaduna State Governor, Nasir El-Rufai, alongside Joel Adoga, will be arraigned before the Federal High Court of Nigeria in the Kaduna Judicial Division on Tuesday, March 24, 2026. The notice was contained in a statement signed by the Head of Media [...]

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]]> https://www.theinfostride.com/icpc-to-arraign-el-rufai-over-alleged-fraud-money-laundering/feed/ 0 EFCC issues wanted notice for Kano native Auwalu Tijjani in connection with alleged $1.9 million money laundering https://www.theinfostride.com/efcc-issues-wanted-notice-for-kano-native-auwalu-tijjani-in-connection-with-alleged-1-9-million-money-laundering/ https://www.theinfostride.com/efcc-issues-wanted-notice-for-kano-native-auwalu-tijjani-in-connection-with-alleged-1-9-million-money-laundering/#respond Sat, 12 Jul 2025 13:44:48 +0000 https://www.theinfostride.com/?p=461753 The Economic and Financial Crimes Commission (EFCC) has declared Auwalu Tijjani, a businessman from Kano State, wanted in connection with a high-profile case involving the alleged laundering of $1.9 million. The anti-graft agency made the announcement on Thursday through an official public notice, urging Nigerians with useful information about his whereabouts to come forward. According [...]

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]]> https://www.theinfostride.com/efcc-issues-wanted-notice-for-kano-native-auwalu-tijjani-in-connection-with-alleged-1-9-million-money-laundering/feed/ 0 EFCC Arraigns SunTrust Bank Executives Over Alleged $12m Money Laundering https://www.theinfostride.com/efcc-arraigns-suntrust-bank-executives-over-alleged-12m-money-laundering/ https://www.theinfostride.com/efcc-arraigns-suntrust-bank-executives-over-alleged-12m-money-laundering/#respond Sat, 14 Jun 2025 13:00:39 +0000 https://www.theinfostride.com/?p=459700 The Economic and Financial Crimes Commission (EFCC) on Friday arraigned two top executives of SunTrust Bank before Justice Emeka Nwite of the Federal High Court, Abuja, over their alleged involvement in a $12 million money laundering scheme. The defendants, Halima Buba, Managing Director and Chief Executive Officer of SunTrust Bank, and Innocent Mbagwu, Executive Director [...]

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]]> https://www.theinfostride.com/efcc-arraigns-suntrust-bank-executives-over-alleged-12m-money-laundering/feed/ 0 EFCC Secures Conviction of Young Billionaire for Impersonation and Money Laundering https://www.theinfostride.com/efcc-secures-conviction-of-young-billionaire-for-impersonation-and-money-laundering/ https://www.theinfostride.com/efcc-secures-conviction-of-young-billionaire-for-impersonation-and-money-laundering/#respond Thu, 09 Jan 2025 20:00:04 +0000 https://www.theinfostride.com/?p=400171 The Economic and Financial Crimes Commission (EFCC) has secured the conviction of Chima Hyginus Nkwocha, popularly known as “Young Billionaire,” on charges of impersonation and money laundering. In a statement released on Thursday via its official X handle, the EFCC announced that Nkwocha was arraigned before Justice Emeka Nwite of the Federal High Court in [...]

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]]> https://www.theinfostride.com/efcc-secures-conviction-of-young-billionaire-for-impersonation-and-money-laundering/feed/ 0 ICPC Re-Arraigns Professor David Iornem, Others Over Certificate Racketeering, Money Laundering https://www.theinfostride.com/icpc-re-arraigns-professor-david-iornem-others-over-certificate-racketeering-money-laundering/ https://www.theinfostride.com/icpc-re-arraigns-professor-david-iornem-others-over-certificate-racketeering-money-laundering/#respond Wed, 27 Nov 2024 12:00:13 +0000 https://www.theinfostride.com/?p=395842 The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has re-arraigned Professor David Iornem and two others before Justice P.O. Lifu of the Federal High Court in Abuja on an amended 14-count charge bordering on certificate racketeering and money laundering. The case, which began in 2013, is being heard de novo following the elevation [...]

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]]> https://www.theinfostride.com/icpc-re-arraigns-professor-david-iornem-others-over-certificate-racketeering-money-laundering/feed/ 0 EFCC Investigates Suspected Impostor in Gombe for Posing as Commission Staff https://www.theinfostride.com/efcc-investigates-suspected-impostor-in-gombe-for-posing-as-commission-staff/ https://www.theinfostride.com/efcc-investigates-suspected-impostor-in-gombe-for-posing-as-commission-staff/#respond Wed, 28 Aug 2024 19:56:12 +0000 https://www.theinfostride.com/?p=388054 The Economic and Financial Crimes Commission (EFCC) in Gombe has launched an investigation into Solomon Yohana, who was apprehended for allegedly impersonating a member of the Commission’s staff. Yohana was arrested on 19th August 2024 in Guyuk Local Government Area of Adamawa State by the Department of State Services (DSS) and subsequently handed over to [...]

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]]> https://www.theinfostride.com/efcc-investigates-suspected-impostor-in-gombe-for-posing-as-commission-staff/feed/ 0 INTERPOL Introduces ‘Silver Notices’ to Combat Money Laundering https://www.theinfostride.com/interpol-introduces-silver-notices-to-combat-money-laundering/ https://www.theinfostride.com/interpol-introduces-silver-notices-to-combat-money-laundering/#respond Mon, 29 Jul 2024 22:01:50 +0000 https://www.theinfostride.com/?p=385890 In a decisive move to address the global challenge of money laundering, particularly in Africa, the International Police Organisation (INTERPOL) has unveiled a new initiative named ‘Silver Notices’. This announcement was made in Abuja on Monday, 29th July 2024, by INTERPOL Vice President for Africa, Garba Baba Umar, during the inauguration of a four-day training [...]

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]]> https://www.theinfostride.com/interpol-introduces-silver-notices-to-combat-money-laundering/feed/ 0 Ogun Court Sentences Six Fraudsters for Money Laundering and Impersonation https://www.theinfostride.com/ogun-court-sentences-six-fraudsters-for-money-laundering-and-impersonation/ https://www.theinfostride.com/ogun-court-sentences-six-fraudsters-for-money-laundering-and-impersonation/#respond Mon, 22 Jul 2024 23:17:40 +0000 https://www.theinfostride.com/?p=384413 The Lagos Zonal Directorate of the Economic and Financial Crimes Commission (EFCC) has successfully secured convictions for six individuals before Justice A. A. Okeke of the Federal High Court in Abeokuta, Ogun State. The convicted individuals are Aladeusi Korede Seun, Akande Habeeb Kunle, Aliu Faleti Opeyemi, Oseni Suleimon, Tobiloba Ebhodaghe Wadiale, and Shedrack Obioma. They [...]

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]]> https://www.theinfostride.com/ogun-court-sentences-six-fraudsters-for-money-laundering-and-impersonation/feed/ 0 EFCC Arraigns Fake Content Creator for Internet Fraud in Jos https://www.theinfostride.com/efcc-arraigns-fake-content-creator-for-internet-fraud-in-jos/ https://www.theinfostride.com/efcc-arraigns-fake-content-creator-for-internet-fraud-in-jos/#respond Mon, 22 Jul 2024 23:01:14 +0000 https://www.theinfostride.com/?p=384386 The Kaduna Zonal Command of the Economic and Financial Crimes Commission (EFCC) has arraigned Audu Ishida, also known as Baddie Kylemilli, on charges of internet fraud. The case is being heard before Justice Hauwa’u Buhari at the Federal High Court in Kaduna State. Ishida faces a one-count charge of impersonation, retention of proceeds of crime, [...]

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]]> https://www.theinfostride.com/efcc-arraigns-fake-content-creator-for-internet-fraud-in-jos/feed/ 0 Kaduna Courts Sentence Five for Currency and Internet Fraud https://www.theinfostride.com/kaduna-courts-sentence-five-for-currency-and-internet-fraud/ https://www.theinfostride.com/kaduna-courts-sentence-five-for-currency-and-internet-fraud/#respond Sun, 21 Jul 2024 22:29:42 +0000 https://www.theinfostride.com/?p=384151 Judges R.M. Aikawa and Hauwa’u Buhari of the Federal High Court in Kaduna have convicted and sentenced five individuals for various fraudulent activities. The convicted persons include Ibrahim Haruna, Abdullahi Yahaya, Daniel John (a.k.a Julieta), Benjamin Andrew Zagni (a.k.a Andrew Williams), and Kenneth Barau (a.k.a Aisha Mohammed). They were prosecuted by the Kaduna Zonal Command [...]

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]]> https://www.theinfostride.com/kaduna-courts-sentence-five-for-currency-and-internet-fraud/feed/ 0 Ex-Power Minister faces Charges in N33.8b Corruption Scandal https://www.theinfostride.com/ex-power-minister-faces-charges-in-n33-8b-corruption-scandal/ https://www.theinfostride.com/ex-power-minister-faces-charges-in-n33-8b-corruption-scandal/#respond Sun, 14 Jul 2024 15:17:06 +0000 https://www.theinfostride.com/?p=383391 In a dramatic turn of events, former Minister of Power, Saleh Kwagyang Mamman, has been charged with multiple counts of corruption and money laundering, involving the misappropriation of over ₦33 billion. The proceedings, held in Abuja, witnessed a series of unexpected events, including Mamman’s collapse within the court premises. The charges against Mamman are extensive [...]

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]]> https://www.theinfostride.com/ex-power-minister-faces-charges-in-n33-8b-corruption-scandal/feed/ 0 N119 Million Mystery: Ex-SMEDAN Boss Faces New Money Laundering Accusations https://www.theinfostride.com/n119-million-mystery-ex-smedan-boss-faces-new-money-laundering-accusations/ https://www.theinfostride.com/n119-million-mystery-ex-smedan-boss-faces-new-money-laundering-accusations/#respond Tue, 28 May 2024 16:09:29 +0000 https://www.theinfostride.com/?p=379229 The Economic and Financial Crimes Commission (EFCC) has brought forth fresh legal proceedings against Bature Umar Masari on 22 new charges related to alleged money laundering. Masari, the former Director General of the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), stands accused of laundering N119 million and receiving illegal gratifications, as detailed in [...]

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]]> https://www.theinfostride.com/n119-million-mystery-ex-smedan-boss-faces-new-money-laundering-accusations/feed/ 0 Fidelity Bank Compliance Officer Testifies Against Mompha in N6 Billion Money Laundering Case https://www.theinfostride.com/fidelity-bank-compliance-officer-testifies-against-mompha-in-n6-billion-money-laundering-case/ https://www.theinfostride.com/fidelity-bank-compliance-officer-testifies-against-mompha-in-n6-billion-money-laundering-case/#respond Sun, 19 May 2024 21:00:52 +0000 https://www.theinfostride.com/?p=378441 Fidelity Bank compliance officer, Ezekoli Ozoemenam, testified on Monday against social media celebrity Ismaila Mustapha, also known as Mompha, who is facing trial over money laundering charges involving N6 billion. Ozoemenam, the fourth prosecution witness, was led in evidence by Economic and Financial Crimes Commission (EFCC) counsel, Mr. Suleiman Suleiman. The witness testified about the [...]

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]]> https://www.theinfostride.com/fidelity-bank-compliance-officer-testifies-against-mompha-in-n6-billion-money-laundering-case/feed/ 0 EFCC charges Yahaya Bello and Associates with N84b Money Laundering https://www.theinfostride.com/efcc-charges-yahaya-bello-and-associates-with-n84b-money-laundering/ https://www.theinfostride.com/efcc-charges-yahaya-bello-and-associates-with-n84b-money-laundering/#respond Sat, 16 Mar 2024 14:44:23 +0000 https://www.theinfostride.com/?p=373166 The Economic and Financial Crimes Commission (EFCC) has brought forward a significant case against former Kogi State governor, Yahaya Adoza Bello, along with his nephew Ali Bello, Dauda Sulaiman, and Abdulsalam Hudu, for alleged money laundering offences amounting to N84 billion. The quartet appeared before Justice James Omotosho of the Federal High Court, Maitama, Abuja, [...]

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]]> https://www.theinfostride.com/efcc-charges-yahaya-bello-and-associates-with-n84b-money-laundering/feed/ 0 Report Indicates Significant Decline in Cryptocurrency-Related Money Laundering, with a $9 Billion Drop https://www.theinfostride.com/report-indicates-significant-decline-in-cryptocurrency-related-money-laundering-with-a-9-billion-drop/ https://www.theinfostride.com/report-indicates-significant-decline-in-cryptocurrency-related-money-laundering-with-a-9-billion-drop/#respond Fri, 23 Feb 2024 20:48:39 +0000 https://www.theinfostride.com/?p=371572 In a noteworthy development, a recent report has highlighted a substantial decrease of $9 billion in money laundering activities facilitated through cryptocurrency transactions. This decline, as indicated by the report, suggests a potential shift in the dynamics of illicit financial activities in the digital currency space. The Infosride news delves into the key findings of [...]

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]]> https://www.theinfostride.com/report-indicates-significant-decline-in-cryptocurrency-related-money-laundering-with-a-9-billion-drop/feed/ 0 EFCC nabs Pastor for N1.3b Fake Grants and Money Laundering Scam https://www.theinfostride.com/efcc-nabs-pastor-for-n1-3b-fake-grants-and-money-laundering-scam/ https://www.theinfostride.com/efcc-nabs-pastor-for-n1-3b-fake-grants-and-money-laundering-scam/#respond Wed, 07 Feb 2024 09:00:25 +0000 https://www.theinfostride.com/?p=369822 The Economic and Financial Crimes Commission (EFCC) has made a significant breakthrough in its fight against financial fraud, with the recent arrest of Apostle Theophilus Oloche Ebonyi, the General Overseer of Faith On The Rock Ministry International. The arrest comes in connection with a staggering scam involving fake grants purportedly from the Ford Foundation, amounting [...]

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]]> https://www.theinfostride.com/efcc-nabs-pastor-for-n1-3b-fake-grants-and-money-laundering-scam/feed/ 0 Bureau de Change Operator Testifies Against Dauda Suleiman over Alleged N10b Money Laundering https://www.theinfostride.com/bureau-de-change-operator-testifies-against-dauda-suleiman-over-alleged-n10b-money-laundering/ https://www.theinfostride.com/bureau-de-change-operator-testifies-against-dauda-suleiman-over-alleged-n10b-money-laundering/#respond Wed, 07 Feb 2024 08:28:08 +0000 https://www.theinfostride.com/?p=369794 In a high-profile trial at the Federal High Court in Abuja, new revelations have emerged in the alleged N10 billion money laundering case involving Ali Bello and Dauda Suleiman. A prosecuting witness, known as Pw3, recently took the stand, shedding light on Suleiman’s purported business dealings. Rabiu Musa Tafada, a Bureau de Change Operator and [...]

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]]> https://www.theinfostride.com/bureau-de-change-operator-testifies-against-dauda-suleiman-over-alleged-n10b-money-laundering/feed/ 0 Ex Minister Sadiya Declines EFCC’s Invitation Over N37.1 Billion Alleged Laundering Probe https://www.theinfostride.com/ex-minister-sadiya-declines-efccs-invitation-over-n37-1-billion-alleged-laundering-probe/ https://www.theinfostride.com/ex-minister-sadiya-declines-efccs-invitation-over-n37-1-billion-alleged-laundering-probe/#respond Wed, 03 Jan 2024 18:00:07 +0000 https://www.theinfostride.com/?p=366371 Sadiya Umar-Farouq, the former Minister of Humanitarian Affairs, Disaster Management, and Social Development during the tenure of ex-President Muhammadu Buhari, has reportedly refused to honor an invitation from the Economic and Financial Crimes Commission (EFCC) regarding an alleged N37.1 billion laundering case involving a contractor, James Okwete. According to earlier reports by the media, Umar-Farouq [...]

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]]> https://www.theinfostride.com/ex-minister-sadiya-declines-efccs-invitation-over-n37-1-billion-alleged-laundering-probe/feed/ 0 Irish MD evades Arrest in $9.6 Billion P&ID Scam: Shocking Twist Unveiled! https://www.theinfostride.com/irish-md-evades-arrest-in-9-6-billion-pid-scam-shocking-twist-unveiled/ https://www.theinfostride.com/irish-md-evades-arrest-in-9-6-billion-pid-scam-shocking-twist-unveiled/#respond Sun, 24 Sep 2023 08:38:01 +0000 https://www.theinfostride.com/?p=355407 In a dramatic turn of events at the trial of the $9.6 billion Process and Industrial Development Limited (P&ID) fraud, a key prosecution witness, Umar Hussein Babangida, revealed on Thursday, September 21, 2023, that the managing director of Trinity Biotech Nigeria Limited, Patrick Nash (also known as Gerald Nash), managed to evade arrest. During his [...]

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]]> https://www.theinfostride.com/irish-md-evades-arrest-in-9-6-billion-pid-scam-shocking-twist-unveiled/feed/ 0 EFCC warns against Money Laundering among Real Estate Operators https://www.theinfostride.com/efcc-warns-against-money-laundering-among-real-estate-operators/ https://www.theinfostride.com/efcc-warns-against-money-laundering-among-real-estate-operators/#respond Sat, 01 Jul 2023 10:27:57 +0000 https://www.theinfostride.com/?p=349891 The Economic and Financial Crimes Commission (EFCC) has called upon real estate operators in Lagos to prioritise due diligence on their customers as a means to combat the issues of money laundering and terrorist financing in the country. Michael T. Wetkas, the Lagos Zonal Commander of the EFCC, delivered this charge during a sensitization workshop [...]

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]]> https://www.theinfostride.com/efcc-warns-against-money-laundering-among-real-estate-operators/feed/ 0 Appeal Court upholds Conviction of Scales Olatunji for N525m Internet Fraud https://www.theinfostride.com/appeal-court-upholds-conviction-of-scales-olatunji-for-n525m-internet-fraud/ https://www.theinfostride.com/appeal-court-upholds-conviction-of-scales-olatunji-for-n525m-internet-fraud/#respond Sat, 01 Jul 2023 09:49:11 +0000 https://www.theinfostride.com/?p=349878 On Friday, June 23, 2023, the Calabar Division of the Court of Appeal affirmed the conviction of Scales Olatunji, a notorious international fraudster who was found guilty of internet fraud and money laundering charges by a Federal High Court in Uyo, Akwa Ibom State. Justice Agatha Okeke, on June 27, 2022, pronounced Olatunji guilty of [...]

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]]> https://www.theinfostride.com/appeal-court-upholds-conviction-of-scales-olatunji-for-n525m-internet-fraud/feed/ 0 For 1.1Million naira fraud in Maiduguri EFCC docks man https://www.theinfostride.com/for-1-1million-naira-fraud-in-maiduguri-efcc-docks-man/ https://www.theinfostride.com/for-1-1million-naira-fraud-in-maiduguri-efcc-docks-man/#respond Mon, 11 Apr 2022 22:04:48 +0000 https://www.theinfostride.com/?p=322699 The Maiduguri Zonal Command of the Economic and Financial Crimes Commission, EFCC, on Monday, April 11, 2022, arraigned one Bukar Shehu before Justice Fadawu Umaru of the Borno State High Court, Maiduguri on a-three count charge bordering on theft, computer related fraud and identity theft to the tune of N1.115, 000 ( One Million, One [...]

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]]> https://www.theinfostride.com/for-1-1million-naira-fraud-in-maiduguri-efcc-docks-man/feed/ 0 EFCC Has Realesed Cubana Chief Priest aka Pascal Okechukwu https://www.theinfostride.com/efcc-has-realesed-cubana-chief-priest-aka-pascal-okechukwu/ https://www.theinfostride.com/efcc-has-realesed-cubana-chief-priest-aka-pascal-okechukwu/#respond Mon, 04 Apr 2022 23:20:58 +0000 https://www.theinfostride.com/?p=322145 The Economic and Financial Crimes Commission (EFCC) has released Paschal Okechukwu a.k.a Cubana Chief Priest. A reliable source earlier reported that, Okechukwu was arrested last week in Abuja by EFCC operatives. He has since been in detention facing interrogation over money laundering and tax fraud. InfoStride News gathered that the commission had sent several invitations [...]

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]]> https://www.theinfostride.com/efcc-has-realesed-cubana-chief-priest-aka-pascal-okechukwu/feed/ 0 Report ranks Nigeria 5th in property money laundering https://www.theinfostride.com/report-ranks-nigeria-5th-in-property-money-laundering/ https://www.theinfostride.com/report-ranks-nigeria-5th-in-property-money-laundering/#respond Mon, 16 Aug 2021 15:02:09 +0000 https://www.theinfostride.com/?p=303992 A new report by Global Financial Integrity, an American think-tank focused on illicit financial flows, corruption, illicit trade and money laundering, has ranked Nigeria fifth among countries with the most politically exposed persons involved in real estate money laundering schemes in the US. The report titled ‘Acres of money laundering: Why U.S. real estate is [...]

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]]> https://www.theinfostride.com/report-ranks-nigeria-5th-in-property-money-laundering/feed/ 0 EFCC Prosecutes Lagos Ex-Speaker, Ikuforiji and Assistant for Laundering N14.7M https://www.theinfostride.com/court-trials-lagos-ex-speaker-ikufori-and-assistant-for-laundering-n14-7m/ https://www.theinfostride.com/court-trials-lagos-ex-speaker-ikufori-and-assistant-for-laundering-n14-7m/#respond Mon, 05 Oct 2020 16:22:32 +0000 http://www.theinfostride.com/?p=270235 On Wednesday, September 30, 2020, the first prosecution witness, PW1, Adebayo Adeniyi, an investigator with the Economic and Financial Crimes Commission, EFCC, told Federal High Court Justice Muhammad Liman, sitting in Ikoyi, Lagos, how Adeyemi Ikuforiji, former Speaker of the Lagos State House of Assembly, diverted the amount of N14.7 m through his assistant and [...]

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]]> https://www.theinfostride.com/court-trials-lagos-ex-speaker-ikufori-and-assistant-for-laundering-n14-7m/feed/ 0 Maina’s Family Threatens Judge to Hand-off Money Laundering Case https://www.theinfostride.com/mainas-family-threatens-judge-to-hand-off-money-laundring-case/ https://www.theinfostride.com/mainas-family-threatens-judge-to-hand-off-money-laundring-case/#respond Sun, 04 Oct 2020 20:13:39 +0000 http://www.theinfostride.com/?p=270136 The relatives of Abdulrasheed Maina, the former chairman of the defunct Pension Reform Task Force, who is facing trial on charges of money laundering, have asked Justice Okon Abang of the Federal High Court in Abuja to hand over the case against their son. Relatives of the former pension manager accused the trial judge of [...]

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]]> https://www.theinfostride.com/mainas-family-threatens-judge-to-hand-off-money-laundring-case/feed/ 0 Fake Native Doctor, Two Others Land in Prison over Juju Scam https://www.theinfostride.com/fake-native-doctor-two-others-land-in-prison-over-juju-scam/ Wed, 30 Oct 2019 21:14:39 +0000 https://www.theinfostride.com/?p=239678 The Ibadan zonal office of the Economic and Financial Crimes Commission (EFCC) yesterday arraigned a fake native doctor and two others before Justice Patricia Ajoku of the Federal High Court 1, sitting in Ibadan, Oyo State. Justice Ajoku has ordered the remand of the fake native doctor, Fatai Olalere Alli (a.k.a. Baba Abore, Baba Oshun), [...]

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]]> N3.1b Corruption Trial: Court refuses Ex-Governor Suswam’s Request to adjourn Proceedings https://www.theinfostride.com/n3-1b-corruption-trial-court-refuses-ex-governor-suswams-request-to-adjourn-proceedings/ Tue, 29 Oct 2019 20:52:29 +0000 https://www.theinfostride.com/?p=239675 Request by Gabriel Suswam, a former governor of Benue State, to adjourn proceedings pending the determination of his appeal challenging the jurisdiction of the court at the Court of Appeal, has been refused by Justice Okon Abang of the Federal High Court sitting in Abuja today. Citing Section 306 of the Administration of Criminal Justice [...]

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]]> Designated Non-Financial Institutions Aid Money Laundering Activites – Ibrahim Magu https://www.theinfostride.com/designated-non-financial-institutions-aid-money-laundering-activites-ibrahim-magu/ Fri, 21 Jun 2019 19:19:28 +0000 https://www.theinfostride.com/?p=235006 EFCC Acting Chairman, Mr Ibrahim Magu has said Designated Non-Financial Institutions (DNFIs) are secure homes for money-laundering activities. EFCC’s spokesman, Mr. Tony Orilade revealed in a statement in Abuja today, that Ibrahim said this at a workshop to sensitize Non-Profit Organisations (NPOs). The workshop, organized by EFCC in partnership with Space for Change, had “Effective [...]

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]]> Money Laundering: Bench Warrant issued for Senator Bassey’s Arrest https://www.theinfostride.com/money-laundering-bench-warrant-issued-for-senator-basseys-arrest/ Wed, 19 Jun 2019 22:50:59 +0000 https://www.theinfostride.com/?p=234869 An application made by the Economic and Financial Crimes Commission (EFCC) for the arrest of Senator Albert Bassey, popularly known as OBA, has been granted by Justice A. A. Okeke of the Federal High Court sitting in Uyo, Akwa Ibom State compelling Senator Bassey to appear in court and face the money laundering charges preferred [...]

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]]> Money Laundering Trial of Kwara State Govt Officials adjourns to September https://www.theinfostride.com/money-laundering-trial-of-kwara-state-govt-officials-adjourns-to-september/ Fri, 14 Jun 2019 21:35:08 +0000 https://www.theinfostride.com/?p=234570 The trial of the four officials of the Kwara State Government accused of money laundering by the Economic and Financial Crimes Commission (EFCC) has been adjourned by Justice Babangana Ashigar of the Federal High Court, sitting in Ilorin, the Kwara State capital, to September 25, 2019 for commencement of trial. The suspects are Abubakar Ishiak, [...]

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]]> Atiku’s Son-In-law Is Being Investigated For Money Laundering – EFCC https://www.theinfostride.com/atikus-son-inlaw-is-being-investigated-for-money-laundering-efcc/ Tue, 05 Mar 2019 00:58:39 +0000 https://www.theinfostride.com/?p=228340 The Economic and Financial Crimes Commission have said that it had started an investigation into alleged money laundering by the Finance Director of Atiku Abubakar’s group of companies, Alhaji Babalele Abdullahi. Mr Tony Orilade, who is a spokesman of the commission confirmed that Alhaji Babalele wa indeed in their custody. His words, “We are investigating [...]

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]]> GEJ Set To Witness At Olisa Metuh’s Money Laundering Trial? https://www.theinfostride.com/gej-set-to-witness-at-olisa-metuhs-money-laundering-trial/ Tue, 24 Oct 2017 17:53:56 +0000 http://www.theinfostride.com/?p=186406 Chief Olisa Metuh, has asked for the presence of former President Goodluck Jonathan as a witness in his money laundering trial. Metuh’s counsel, Dr. Onyechi Ikpeazu (SAN), told Justice Okon Abang of the Federal High Court in Abuja that he will need GEJ’s appearance in court the former president after he refused to reply a [...]

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]]> Money Laundering: Appeal Court Affirms Ngene Chibuike’s Two Years Jail Term, Forfeiture of $2,506,988 https://www.theinfostride.com/money-laundering-appeal-court-affirms-ngene-chibuikes-two-years-jail-term-forfeiture-of-2506988/ Sat, 15 Jul 2017 15:55:17 +0000 http://www.theinfostride.com/?p=171996 The Lagos Division of the Court of Appeal today, Friday, July 14, 2017 upheld the February 9, 2016 judgment of Justice I.N Buba of the Federal High Court Lagos, which convicted and sentenced Mr. Ngene Linus Chibuike to two years imprisonment and ordered the forfeiture of  the undeclared sum of $2,506,998 (Two Million, Five Hundred [...]

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]]> Ex-Governor Lamido Loses Bid to Have Case File Returned to Justice Ademola https://www.theinfostride.com/money-laundering-lamido-loses-bid-to-have-case-file-returned-to-ex-trial-judge-ademola-efcc-nigeria-news/ Fri, 14 Jul 2017 10:22:39 +0000 http://www.theinfostride.com/?p=171906 Justice B.O. Quadri of the Federal High Court, Abuja on July 7, 2017 dismissed an application by a former governor of Jigawa State, Sule Lamido, seeking that his case file be returned to Justice Adeniyi Ademola, before whom he was earlier standing trial. The Chief Judge, CJ of the Federal High Court, Justice Ibrahim Auta [...]

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]]> Adamawa Ex-Governor Lamido Loses Bid to Have Case File Returned to Ex-Trial Judge Ademola https://www.theinfostride.com/adamawa-ex-governor-lamido-loses-bid-to-have-case-file-returned-to-ex-trial-judge-ademola/ Sat, 08 Jul 2017 10:56:05 +0000 http://www.theinfostride.com/?p=171349 Justice B.O. Quadri of the Federal High Court, Abuja on July 7, 2017 dismissed an application by a former governor of Jigawa State, Sule Lamido, seeking that his case file be returned to Justice Adeniyi Ademola, before whom he was earlier standing trial. The Chief Judge, CJ of the Federal High Court, Justice Ibrahim Auta [...]

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]]> N29b Fraud: Court Admits More Evidence Against Adamawa’s Ex-Governor Nyako https://www.theinfostride.com/n29b-fraud-court-admits-more-evidence-against-adamawas-ex-governor-nyako/ Tue, 04 Jul 2017 13:45:14 +0000 http://www.theinfostride.com/?p=170721 Justice Okon Abang of the Federal High Court sitting in Maitama, Abuja on July 3, 2017, admitted in evidence documents tendered by the Economic and Financial Crimes Commission (EFCC) against a former governor of Adamawa State, Murtala Nyako, who is standing trial on a 37-count charge of conspiracy, stealing, abuse of office and money laundering [...]

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]]> EFCC Arraigns Ex-Aso Rock Doctor On Money Laundering Charges https://www.theinfostride.com/efcc-arraigns-ex-aso-rock-doctor-on-money-laundering-charges/ Wed, 26 Apr 2017 09:37:11 +0000 http://www.theinfostride.com/?p=163104 The Economic and Financial Crimes Commission (EFCC) has charged a former State House doctor, Fortunate Fiberesima, to court over alleged money laundering. Fiberesima served as the chief executive officer of State House Medical Centre, Abuja. He was arraigned before Justice Peter Affen of the Federal Capital Territory high court sitting in Maitama on a six-count [...]

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]]> Beyonce & Jay Z Connected To Money Laundering Scandal https://www.theinfostride.com/beyonce-jay-z-connected-to-money-laundering-scandal/ Sat, 15 Apr 2017 00:29:37 +0000 http://www.theinfostride.com/?p=162030 Beyonce and Jay-Z set have sail on the luxurious yacht Galactica Star – but did they know that the owner is under investigation for money laundering? Nigerian energy mogul Kola Aluko has been accused of various crimes after renting his yacht to the power couple, RadarOnline.com can exclusively reveal. Aluko is under investigation for money [...]

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]]> Money Laundering: Court Warns Ex-Governor Nyame against Interfering with EFCC’s Witnesses https://www.theinfostride.com/money-laundering-court-warns-ex-governor-nyame-against-interfering-with-efccs-witnesses/ Mon, 24 Oct 2016 15:08:54 +0000 http://www.theinfostride.com/?p=146144 Justice Adebukola Banjoko of the FCT High Court sitting in Gudu, Abuja on Wednesday, October 19, 2016 warned parties, their agents and surrogates to stop interfering with prosecution witnesses. The judge gave the warning at the resumed trial of a former Taraba State governor, Jolly Nyame, following complaints from the Economic and Financial Crimes Commission [...]

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]]> N40bn Money Laundering: EFCC Re-arraigned Ex-Adamawa Governor Nyako, Son, Others https://www.theinfostride.com/n40bn-money-laundering-efcc-re-arraigned-ex-adamawa-governor-nyako-son-others/ Mon, 24 Oct 2016 14:49:14 +0000 http://www.theinfostride.com/?p=146136 The Economic and Financial Crimes Commission (EFCC), on last Monday, October 17, re-arraigned a former Governor of Adamawa State, Murtala Nyako, his son, Senator Abdulaziz Nyako, and two others on a 37-count of money laundering before Justice Okon Abang of the Federal High Court in Abuja for allegedly laundering state funds to the tune N40billion. [...]

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]]> $15m Scandal: Four Companies Linked To Patience Jonathan Plead Guilty https://www.theinfostride.com/15m-scandal-four-companies-linked-to-patience-jonathan-plead-guilty/ https://www.theinfostride.com/15m-scandal-four-companies-linked-to-patience-jonathan-plead-guilty/#comments Sun, 18 Sep 2016 09:24:26 +0000 http://www.theinfostride.com/?p=144358 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 today pleaded guilty before Justice Babs Kuewumi of the Federal [...]

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]]> https://www.theinfostride.com/15m-scandal-four-companies-linked-to-patience-jonathan-plead-guilty/feed/ 1 ONSA Contract Scam: EFCC Arraigns Olugbenga Obadina for N2.4bn https://www.theinfostride.com/onsa-contract-scam-efcc-arraigns-olugbenga-obadina-for-n2-4bn/ Wed, 20 Jul 2016 10:57:54 +0000 http://www.theinfostride.com/?p=136735 Olugbenga Obadina alongside his company, Almond Projects Limited, was arraigned on Friday July 15 by The Economic and Financial Crimes Commission (EFCC) before Justice Nnamdi Dimgba of the Federal High Court sitting in Maitama, Abuja on an eight-count charge bordering on criminal breach of trust, corruption and money laundering to the tune of N2.4billion. Obadina [...]

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]]> Money Laundering: EFCC Boss Magu Enjoins NBA To Join Hands In Nigeria’s Anti-Corruption War https://www.theinfostride.com/money-laundering-efcc-boss-magu-enjoins-nba-to-join-hands-in-nigerias-anti-corruption-war/ Fri, 15 Jul 2016 21:02:25 +0000 http://www.theinfostride.com/?p=136262 The Acting Chairman, Economic and Financial Crimes Commission (EFCC), Ibrahim Magu has called on legal practitioners to join hands with the Commission in its bid to free Nigeria of corruption. He gave this charge on Tuesday, July 12, 2016 at the opening of a one-day workshop organised by the Nigerian Bar Association (NBA) in collaboration [...]

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]]> Money Laundering: Ex-Adamawa Governor Fintiri Docked, Remanded In Prison For N2.9bn Fraud https://www.theinfostride.com/money-laundering-ex-adamawa-governor-fintiri-docked-remanded-in-prison-for-n2-9bn-fraud/ Sat, 02 Jul 2016 17:24:02 +0000 http://www.theinfostride.com/?p=134541 Former Governor of Adamawa State, Ahmadu Umaru Fintiri and Mayim Construction and Properties Limited was arraigned on June 30 by the Economic and Financial Crimes Commission (EFCC) before Justice A.R. Mohammed of the Federal High Court sitting in Maitama, Abuja on a 5-count charge of money laundering to the tune of N2.9billion. Fintiri, a former [...]

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]]> Arms Deal Scandal: Badeh Wanted Me to Claim Own Property, Witness Reveals https://www.theinfostride.com/arms-deal-scandal-badeh-wanted-me-to-claim-own-property-witness-reveals/ Fri, 01 Jul 2016 11:26:44 +0000 http://www.theinfostride.com/?p=134322 The trial of a former Chief of Defence Staff, CDS, Air Chief Marshal Alex S. Badeh, continued on Tuesday, June 28 before Justice Okon Abang of the Federal High Court sitting in Maitama, Abuja with the prosecution witness, Mustapha Yerima, further stating how he was pressured by the defendants to claim the property allegedly acquired [...]

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]]> EFCC Closes Case Against Ex-Governor Akwe Doma Over Money Laundering Allegation https://www.theinfostride.com/efcc-closes-case-against-ex-governor-akwe-doma-over-money-laundering-allegation/ Fri, 24 Jun 2016 20:48:26 +0000 http://www.theinfostride.com/?p=133564 The trial of a former governor of Nasarawa State, Aliyu Akwe Doma, and two others, continued yesterday, with the Economic and Financial Crimes Commission (EFCC), presenting its ninth witness, as it closed its case against the accused persons. Akwe Doma, alongside Timothy Anthony Anjide, a former Secretary to the State Government, and Dauda Egwa, a [...]

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]]> Money Laundering: HoA Clerk Reveals How Ex-Nasarawa Governor, Akwe Doma Diverted N350m State Fund https://www.theinfostride.com/money-laundering-hoa-clerk-reveals-how-ex-nasarawa-governor-akwe-doma-diverted-n350m-state-fund/ Thu, 23 Jun 2016 19:10:39 +0000 http://www.theinfostride.com/?p=133434 The trial of a former governor of Nasarawa State, Aliyu Akwe Doma, and two others continued yesterday before Justice Agatha A. Okeke, with a prosecution witness, Ego Maikeffi Abashe, the Clerk of the Nasarawa State House of Assembly, revealing how the former governor had allegedly diverted the sum of N350m from the state funds. Doma alongside [...]

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]]> N2bn Fraud: Court Adjourns Ex-HoS Oronsaye’s Case to June 28 https://www.theinfostride.com/n2bn-fraud-court-adjourns-ex-hos-oronsayes-case-to-june-28/ Wed, 22 Jun 2016 21:48:09 +0000 http://www.theinfostride.com/?p=133264 The commencement of a trial-within-trial continued yesterday by Justice Gabriel Kolawole of a Federal High Court, Abuja on the case of a 2 billion naira fraud brought against a former Head of Service (HoS) to the Federation, Stephen Oronsaye, by the Economic and Financial Crimes Commission (EFCC). Oronsaye is being charged along with Osarenkhoe Afe, managing director [...]

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]]> Money Laundering: Court Grants Trial Of Accused In Absentia https://www.theinfostride.com/money-laundering-court-grants-trial-of-accused-in-absentia/ Sat, 18 Jun 2016 14:23:57 +0000 http://www.theinfostride.com/?p=132352 Justice Fatun Riman of a Federal High Court, Kano, on June 9, 2016 granted the application of the Economic and Financial Crimes Commission (EFCC), to try a former Skye Bank staff, Yagana Bukar, in absentia on a 10-count charge bordering on money laundering. Bukar was first arraigned in October 2013 and was granted bail. The [...]

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