Home » Tag Archives: Money Laundering

Tag Archives: Money Laundering

Keystone Bank, MD in trouble over N4bn illegal transaction

Keystone-Bank-Real-696x358

These are not the best of times for Keystone Bank Limited and its managing director/chief executive officer, Mr. Phillip Ikeazor as the House of Representatives on Monday urged the Economic and Financial Crimes Commission to commence investigation into an alleged illegal movement of N4 billion from the Industrial Trust Fund’s account domiciled with the lender. Rep. Ibrahim Baba, the Vice ...

Read More »

Court Forfeit N8billion MTN Money to Federal Government of Nigeria

mtn-nigeria

Global Statelite Mobile services (GSM)provider MTN communications Limited must have run into troubled waters as Federal Government of Nigeria has obtained an order of Federal high court to temporarily forfeit to the Government N 8billion in its account number 0012005379 domicile with ECOBANK suspected to be proceed of unlawful activity. Also affected by the order of the court is another ...

Read More »

Patience Jonathan’s Multiple Accounts’ Freezes By Court

Patience Jonathan

Federal High Court Lagos has freezed all the bank accounts of former First Lady Patience Jonathan suspected to be proceeds from crime. One of the account, domiciled with Skye Bank plc, has a balance of $5,316.66. The presiding judge, Justice Mojisola Olatoregun, while granting the order freezing the accounts ordered the Economic and Financial Crimes Commission (EFCC) to file an ...

Read More »

AGF: How We Found $1.30m At Ex-Panel Member’s Home

Former Chief of Air Staff, Air Marshal Mohammed Dikko Umar

The office of the Attorney-General of the Federation (AGF) has disclosed how over $1.30million cash was recovered from the Abuja home of a member of the committee set up by President Muhammadu Buhari to investigate the procurement of arms and equipment in the Armed Forces, Air Commodore Umar Mohammed (retd). A lawyer representing the office, Shuaibu Labaran, said upon receiving ...

Read More »

€53,000 Fraud: EFCC Arraigns Man For Allegedly Duping An Irish Businesswoman

suspect

The Economic and Financial Crimes Commission, EFCC, on Tuesday December 13, 2016 arraigned Tonwerigha Oyintonbra Tombrown alias Michael Freeman and his company, Yoshinaka Corporation, before Justice A. O. Faji of the Federal High Court, sitting in Asaba, Delta State on a 34-count charge bordering on obtaining by false presence. Tombrown is alleged to have duped an Irish businesswoman, Izabela Glogowska, ...

Read More »

Ambode Removes Ademola As HOS, Appoints Acting Head

Embattled Mrs Olabowale Ademola

fraud Lagos State Governor, Akinwunmi Ambode has tactically eased out the current Head of Service, HOS, Mrs. Olabowale Ademola who is enmesh in alleged bribery scandal with her husband, Justice Adeniji Ademola. The governor has appointed Mrs Folashade Sidikatu Adesoye as acting HOS. PM News gathered that the decision was taken because the image of the Lagos State Government is ...

Read More »

How Dokpesi Got N2.1bn For Campaign, ONSA Director, Abdulmalik, Narrates

the-former-chairman-daar-communications-plc-chief-raymond-dokpesi

Shuaibu Salisu Abdulmalik, a prosecution witness in the trial of Chief Raymond Dokpesi on Tuesday, December 13, 2016, told Justice John Tsoho of the Federal High Court, sitting in Maitama, Abuja, that Dokpesi’s company account, Daar Communications Plc, was paid N2.1billion as a media campaign fund on the instruction of Sambo Dasuki, former National Security Adviser (NSA), insisting that the ...

Read More »

Court Adjourns Dariye’s Trial To Jan 18

dariye-ii

Justice Adebukola Banjoko of the Federal Capital Territory, FCT High Court, Gudu, Abuja, has adjourned till January 18 and 19, 2017 for further proceedings in the trial of a former governor of Plateau State, Joshua Dariye. Dariye is facing a 23-count charge bordering on money laundering and diversion of funds, to the tune of N1.2billion. The criminal matter, which had ...

Read More »

Court Grants N50 million Bail to Justice Ademola, Wife

Justice Ademola and his wife in the court

An Abuja High Court on Tuesday granted bail to justice Adeniyi Ademola and wife, Olabowale, in the sum of N50 million each and adjourned trial into their matter until Jan. 18. The two were arraigned by Federal Government on 11-count of criminal conspiracy to receive gratification in various ways, contrary to Section 8(1)(a) of the Independent Corrupt Practices and other ...

Read More »

Looters Cause Recession –Banker

Emefiele

A banker, Mr Sesi Adebiyi, on Thursday said Nigeria’s economic condition was a consequence of the activities of keeping money meant to be in circulation at home by the looter. Adebiyi, who is also the General Secretary, Chartered Institute of Bankers of Nigeria (CIBN), Oyo State Branch, disclosed this in an interview in Ibadan. He said that most money kept ...

Read More »