Willie Obiano, the former governor of Anambra state, faced arraignment by the Economic and Financial Crimes Commission (EFCC) on charges related to alleged money laundering. The proceedings took place before Inyang Ekwo, a judge at the federal high court in Abuja. Obiano, maintaining his innocence, entered a plea of not guilty to the nine-count charges
Senate’s Majority Leader, Opeyemi Bamidele Admits Tinubu Forfeited $460,000 from Heroin Trafficking in the U.S
The Senator representing Ekiti Central Senatorial District, Opeyemi Bamidele, who recently emerged as Majority Leader of the 10th Senate, has admitted that the Presidential Candidate of the All Progressives Congress (APC), Bola Ahmed Tinubu, who was controversially announced as the winner of the last Presidential Election in Nigeria, forfeited $460,000 from heroin business in the
Doyin Okupe jailed for money laundering
The Federal High Court in Abuja, on Monday, jailed Doyin Okupe, for two years with an option of fine. The court jailed Mr Okupe, who is the director-general of Peter Obi’s Labour (LP) presidential campaign council, for money laundering offences. He was also a Senior Special Assistant (SSA) on Media to former President Goodluck Jonathan. Delivering the judgment
Three Nigerian Governors Hoarded Billions Of Naira In Houses – EFCC
The Economic and Financial Crimes Commission, EFCC, has said it is monitoring at least three serving governors who hoarded billions of naira in various houses. The development follows the announcement by the Central Bank of Nigeria, CBN, that it will redesign some naira notes. The CBN Governor, Godwin Emefiele, said the new design and issues will be
EFCC arraigns Cubana manager over $164,000 fraud
The Economics and Financial Crime Commission, EFCC on Wednesday arraigned a manager with Cubana Group, Lucky Uchechukwu Ndukwe, for an offence bordering on conspiracy to launder and money laundering. Ndukwe, known better as Cubana Prime Minister, was arraigned alongside one Precious Omonkhoa Ofure before Justice Justice O.A. Fadipe of the Special Offences Court sitting in
Malami makes a U-turn, says no evidence Kyari laundered money
There are strong indications that the Attorney-General of the Federation and Minister of Justice, Abubakar Malami, SAN, may be plotting to save a former Commander of the Police Intelligence Response Team, Abba Kyari, from facing criminal prosecution for alleged money laundering. Weeks after directing the police to probe him for allegedly receiving 33 proceeds of
BREAKING: DSS Arrests EFCC Acting Chairman, Ibrahim Magu
Acting Chairman of the Economic and Financial Crimes Commission, Ibrahim Magu, has been arrested by the Department of State Services. He was arrested at the Wuse II office of the DSS on Monday afternoon and is now undergoing interrogation at the DSS Headquarters In Aso Drive. The DSS in a 2016 report revealed that Magu
Buhari Vs HSBC, Nigerians react on twitter
The Nigerian Presidency has reacted furiously after British multinational bank, HSBC, issued a confidential business intelligence predicting President Muhammad Buhari will lose 2019 election. In a July report recently cited by Nigerian media, the bank, alongside the Economist magazine’s intelligence unit predicted that the opposition Peoples Democratic Party (PDP) will defeat the ruling All