Category: Financial Crimes

Lagos Court Jails Man Three Months for Non-Declaration of $30,000 at Airport

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Justice Deinde I. Dipeolu of the Federal High Court sitting in Ikoyi, Lagos, on Wednesday, April 2, 2025, convicted and sentenced Okunfulure Olusola Steve to three Months imprisonment for money laundering. The convict was arrested on March 28, 2025 at the Murtala Muhammed International Airport, Ikeja, Lagos by operatives of the Nigeria Customs Service, NCS,…

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Financial Crimes

Achimugu’s Investigations Have no Bearing with Atiku or Sanwo-Olu’s Issues

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The Economic and Financial Crimes Commission, EFCC, has to reacted to media reports linking its investigations of Ms. Aisha Achimugu with political undercurrents involving former Vice President Atiku Abubakar and Lagos State Governor, Babajide Sanwo-Olu. The anti graft organization in a post released on its official ‘x’ handle stated that: “We wish to state unequivocally…

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Financial Crimes

EFCC Arrests 37 Suspected Internet Fraudsters in Ilorin

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Operatives of the Ilorin Zonal Directorate of the Economic and Financial Crimes Commission, EFCC, on Wednesday, March 26, 2025 arrested15 suspected internet fraudsters in Tanke Oke-Odo area of Ilorin, the Kwara State capital. Officers of the Directorate had earlier on Friday, March 22, 2025 arrested 22 suspected internet fraudsters in Tanke, Alao Farm Estate, Yidi…

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Crime Watch, Financial Crimes

Alleged N33.2bn Fraud: Case Against Dasuki Starts Anew Before New Judge

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The Economic and Financial Crimes Commission (EFCC) has re-arraigned Sambo Dasuki, the former national security adviser (NSA), over allegations of N33.2 billion fraud. The anti-graft commission re-arraigned Dasuki before a federal capital territory (FCT) high court on Tuesday alongside Aminu Baba-Kusa, a former general manager of the Nigerian National Petroleum Corporation (NNPC), and two companies—Acacia…

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Financial Crimes

‘Undeclared $193,000′ Hidden in Yoghurt Carton Intercepted At Abuja Airport

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The Nigeria Customs Service (NCS) says it has intercepted an undeclared $193,000 at the Nnamdi Azikiwe International Airport, Abuja. In a statement on Friday, Abdullahi Maiwada, the NCS spokesperson, said the undeclared currency was concealed inside a carton of yoghurt. Maiwada noted that the passenger arrived in Nigeria on an Ethiopian Airlines flight, No. 951,…

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Financial Crimes

Immigration Officer Charged To Court For ‘Receiving N17.6m Salary’ From Three Government Agencies

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The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has arraigned Abubakar Aseku, an assistant superintendent with the Nigerian Immigration Service (NIS), for allegedly receiving salaries from two other government agencies while still in active service of the NIS. According to the ICPC, Aseku fraudulently earned N4.2 million from the Nasarawa state ministry of…

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Financial Crimes

Court Jails Two Chinese For Illegal Mining in Kwara

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Justice Abimbola Awogboro of the Federal High Court, Ilorin on Friday, March 7, 2025 convicted and sentenced two Chinese, Yang Chao and Wu Shan Chuan to prison for illegal mining of solid minerals in Kwara State. They were convicted along with their company, Crius Chemical Nigeria Limited. They were prosecuted on a one-count charge, bordering on dealing with illegal solid minerals mining. The charge…

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Financial Crimes

Yahaya Bello: Court Adjourns Hearing In Alleged N80.2b Fraud Trial To May 8

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The Federal High Court sitting in Abuja, on Friday, adjourned further hearing on the 19-count money laundering charge the Economic and Financial Crimes Commission, EFCC, preferred against the former Governor of Kogi State, Alhaji Yahaya Bello, to March 8. Trial Justice Emeka Nwite adjourned to rule on EFCC’s opposition to the admissibility of a judgement…

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Financial Crimes

Alleged N138m Fraud: EFCC Interrogates Tinubu’s Ex-minister

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The Economic and Financial Crimes Commission (EFCC) on Thursday Interrogated a former Minister of Women Affairs, Uju Kennedy Ohanenye, for her alleged roles in the misappropriation of N138,413,253.89. The ex-minister was relieved of her appointment last year by President Bola Ahmed Tinubu in a cabinet shake up. In the on-going investigation, She allegedly violated procurement…

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Financial Crimes

Court Orders Final Forfeiture of $1.4m Linked to Emefiele

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Justice Ayokunle Faji of the Federal High Court, Ikoyi, Lagos, on Thursday, March 6, 2025, ordered the final forfeiture of $1,426,175.14 ( One Million, Four Hundred and Twenty Six Thousand, One Hundred and Seventy Five United States Dollars, Fourteen cents)  linked to former Governor of the Central Bank of Nigeria, CBN, Godwin Emefiele. The order…

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Financial Crimes