money laundering

  1. Aviation Minister Warns of Private Jets Used for Money Laundering and Drug Trafficking

    Nigeria Aviation Minister Warns of Private Jets Used for Money Laundering and Drug Trafficking

    Festus Keyamo, Nigeria's Aviation Minister, highlights concerns over private jets used for money laundering and drug trafficking. He announces a new task force to address these illegal activities, emphasizing the need for stricter regulations and enhanced security measures in the aviation...
  2. Binance Founder Changpeng Zhao Convicted: Four Months in Prison for Money Laundering Charges

    Nigeria Binance Founder Changpeng Zhao Convicted: Four Months in Prison for Money Laundering Charges

    Changpeng Zhao, the founder and former CEO of Binance, has been sentenced to four months in prison by a United States District Court in Seattle. This ruling follows Zhao's guilty plea in 2023 to charges of money laundering, acknowledging the exploitation of the Binance platform by terrorist...
  3. Again,FBI Charges Seven Nigerians for Laundering $8 Million in Connection with Another Romance Scam

    Nigeria Again,FBI Charges Seven Nigerians for Laundering $8 Million in Connection with Another Romance Scam

    Amidst a surge in cybercrime targeting vulnerable individuals, the U.S. Federal Bureau of Investigations (FBI) has taken decisive action against seven Nigerian nationals accused of participating in elaborate romance scams. The individuals, identified as Bolanle Christina Odeyale, Oghenemine...
  4. Twist in Yahaya Bello Saga: Police Detain Officers Linked to Ex-Governor's Escape from EFCC

    Nigeria Twist in Yahaya Bello Saga: Police Detain Officers Linked to Ex-Governor's Escape from EFCC

    In the ongoing saga between the Economic and Financial Crimes Commission (EFCC) and former Governor Yahaya Bello of Kogi State, a new twist has emerged with the detention of his Aide-de-Camp (ADC) and security detail by the Nigeria Police Force. The female police officer serving as Bello's ADC...
  5. Yahaya Bello Under Fire: EFCC Alleges Diversion of N100 Billion, Barricades Abuja Home

    Nigeria Yahaya Bello Under Fire: EFCC Alleges Diversion of N100 Billion, Barricades Abuja Home

    The Economic and Financial Crimes Commission (EFCC) has taken decisive action by barricading the Abuja residence of Yahaya Bello, the former governor of Kogi State. The high-profile move follows the agency's recent inclusion of Bello's name in an amended charge against Alli Bello, chief of...
  6. Fleeing Binance Executive Nadeem Anjarwalla Found in Kenya; Nigerian Authorities Push for Extradition Amid Binance Case

    Nigeria Fleeing Binance Executive Nadeem Anjarwalla Found in Kenya; Nigerian Authorities Push for Extradition Amid Binance Case

    The Nigerian government has confirmed the discovery of Nadeem Anjarwalla, the fugitive executive of cryptocurrency exchange Binance, in Kenya. Sources within the presidency, speaking on condition of anonymity, disclosed that collaborative efforts between Nigerian and Kenyan authorities are...
  7. Bobrisky in Legal Trouble: EFCC Prepares to Prosecute for Alleged Money Laundering

    Nigeria Bobrisky in Legal Trouble: EFCC Prepares to Prosecute for Alleged Money Laundering

    The Economic and Financial Crimes Commission (EFCC) has taken decisive action against Idris Olanrewaju Okuneye, widely known as Bobrisky, as they filed a six-count charge against the controversial figure. Scheduled to be arraigned before Justice Abimbola Awogboro of the Federal High Court in...
  8. Binance Nigeria in Hot Water: EFCC Presses Charges Against Top Executives for Money Laundering

    Nigeria Binance Nigeria in Hot Water: EFCC Presses Charges Against Top Executives for Money Laundering

    The Economic and Financial Crimes Commission (EFCC) is set to arraign Binance executives, Tigran Gambaryan and Nadeem Anjarwalla, on Thursday, on charges related to money laundering. Gambaryan serves as Binance's head of financial crime compliance, while Anjarwalla is the company's regional...
  9. Crypto Mogul Sam Bankman-Fried Receives 25-Year Sentence for FTX Fraud

    Nigeria Crypto Mogul Sam Bankman-Fried Receives 25-Year Sentence for FTX Fraud

    Image Credit: Cointelegraph Sam Bankman-Fried, the once-prominent figure in the cryptocurrency world and founder of FTX, has been sentenced to 25 years in prison for his involvement in fraud and money laundering that led to the collapse of his exchange. The sentencing marks one of the longest...
  10. Nigeria Metro News

    Metro Nigerians React As US Accuses Air Peace CEO, Onyema Of Money Laundering – Information Nigeria

    Allen Onyema The Chairman of Air Peace Airline, Allen Onyema has been accused of fraud and money laundering by the United State Justice Department. This report has caused a stir on various social media platforms. On Friday, reports emerged that the US Attorney’s Office in the Northern … Read...
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    Metro Criminal groups now use sophisticated methods to hide looted funds — GIABA – Vanguard Nigeria Newspaper

    Inter-Governmental Action Group Against Money Laundering ... Read more via Vanguard Nigeria Newspaper – https://ift.tt/2OwL0Lr Get More Nigeria Metro News
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    Court acquits APC chieftain of fraud charges – TODAY.NG

    The senatorial leader of the All Progressives Congress (APC) in Ondo State South Senatorial District, Dr. Taiwo Malumi, has been discharged and acquitted by a Federal High Court sitting in Lagos, of charges of obtaining money by false pretence. Malumi, a medical doctor and Managing...
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    EFCC arraigns Bauchi ex-commissioner for alleged N316m fraud – Punch Newspapers

    The Economic and Financial Crimes Commission, in its continued prosecution of persons involved in an alleged fraud of N500m, on Thursday, arraigned four other persons at the Federal High Court, Bauchi over an alleged fraud to the tune of N316.71m. The EFCC had, on Wednesday, … Read more...
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    Ex-governor Yero, 3 others remanded in prison – The Sun News

    The Federal High Court sitting in Kaduna yesterday ordered the remand in prison of former Kaduna State governor, Ramalan Yero, and three others arraigned before the court over money laundering charges. Yero was arraigned alongside a former minister, Nuhu Wya, ex-PDP chairman in the state...
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    Alleged N3.6bn Fraud: Trial of Nigeria’s ex-Air Force chief stalled – Premium Times Nigeria

    A Federal High Court on Monday adjourned the trial of a former Chief of Air Staff, Adesola Amosu, to June 13 and June 14 following the absence of his lawyer, Bolaji Ayorinde, in court. Mr Amosu is facing charges bordering on conspiracy, stealing and money laundering. He … Read more via...
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    Photo: Slay Queen Banker Sentenced To Jail For Stealing And Money Laundering - Naijaloaded News

    A former teller at Stanbic Bank, Choma, has been sentenced to four years’ imprisonment for allegedly stealing the sum of K33, 928.20 belonging to a customer. Ms. Sandra Thindwa was found guilty at the Choma Magistrates Court in Choma, Zambia by … Read more via Naijaloaded News –...
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    Peace Corps Asks Court to Stop Trial over Police Disobedience to Court Order – Thisdaylive News

    Citing flagrant disobedience to orders of court, the National Commandant of the Peace Corps of Nigeria (PCN), Ambassador Dickson Akoh, on Tuesday asked the Federal High Court, Abuja to adjourn indefinitely his trial in the alleged money laundering charges brought against him by the police. The...
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    Politics Fani-Kayode In Fresh Trouble Over N26m Received From Dasuki

    The federal government has initiated a fresh charge of money laundering against former Aviation Minister, Femi Fani-Kayode before the Federal High Court in Abuja. The new charge marked: FHC/ABJ/CR/140/2016, which has Femi Fani-Kayode as the sole defendant, was filed by the Economic and...
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    Politics Ibori Appeals UK Conviction, 2 Months Before Completion of Jail Term

    A London court heard on Friday, October 7, an appeal instituted by convicted Nigerian politician, James Ibori that the British police and lawyers involved in his case were themselves corrupt. The former Delta governor is serving a 13-year sentence after pleading guilty in 2012 to 10 counts of...
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    Politics EFCC Exonerates Diezani From Money Laundering Trial

    The Economic and Financial Crimes Commission (EFCC) on Monday exonerated Diezani Alison-Madueke, former petroleum minister, from a money-laundering trial. Rotimi Jacobs (SAN), counsel to the EFCC, the prosecution, made the application on behalf of the anti-graft agency before Binta Nyako...
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