Category: Financial Crimes

Court Jails Two Chinese For Illegal Mining in Kwara

March 11, 2025March 11, 2025 Rextun boss No Comments

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…

Financial Crimes

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

March 7, 2025March 7, 2025 Rextun boss No Comments

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…

Financial Crimes

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

March 7, 2025March 7, 2025 Rextun boss No Comments

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…

Financial Crimes

Court Orders Final Forfeiture of $1.4m Linked to Emefiele

March 6, 2025March 6, 2025 Rextun boss No Comments

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…

Financial Crimes

Alleged N5.78b Fraud: Ex-Kwara Governor Ahmed Diverted UBEC Funds – Witness

February 18, 2025February 18, 2025 Rextun boss No Comments

The First Prosecution Witness (PW1) Abubakar Hassan, in the trial of former governor of Kwara State, Alhaji Abdulfatah Ahmed, and his Commissioner for Finance, Ademola Banu on Monday, February 17, 2025, told Justice Mahmud Abdulgafar of the State High Court, sitting in Ilorin that the first defendant diverted to personal use, funds earmarked for Universal…

Financial Crimes

Alleged N423b Fraud: EFCC Given 72hrs Ultimatum To Arrest El-Rufai

February 7, 2025February 7, 2025 Rextun boss No Comments

The Economic and Financial Crimes Commission (EFCC) has been given a 72-hour ultimatum to arrest and prosecute Nasir El-Rufai over an alleged misuse of over N423 billion state fund as governor in Kaduna State. The Northern Christians Accord (NCA) behind the call, in a statement on Thursday, noted that it was long overdue for the…

Financial Crimes

How Over N22b Was Routed Out of Power Ministry – BDC Operator

January 23, 2025January 23, 2025 Rextun boss No Comments

A bureau de change operator and prosecution witness, Abdullahi Suleman, has given evidence in a case of Alleged N33.8b fraud preferred against former minister of power, Saleh Mamman. The BDC Operator narrated how more than N22 billion was paid into his accounts. The money was allegedly routed from the Federal Ministry of Power while Saleh…

Financial Crimes

EFCC Arrests 25 Suspected Internet Fraudsters in Yahoo Academy

January 18, 2025January 18, 2025 Rextun boss No Comments

Operatives of the Benin Zonal Directorate of the Economic and Financial Crimes Commission, EFCC, on Thursday January 16, 2025 arrested 25 suspected internet fraudsters in a cybercrime training centre in Benin City, Edo state The suspects’ arrest at their hideout was triggered by credible intelligence that indicated the apartment being used as a yahoo academy…

Financial Crimes

United States Repatriates $52m Diezani Loot To Nigeria

January 10, 2025January 12, 2025 Rextun boss No Comments

The Nigerian government has received from the United States $52.88m recovered Galactica assets, linked to a former Minister of Petroleum Resources, Diezani Alison-Madueke. The Attorney-General of the Federation and Minister of Justice, Lateef Fagbemi, made this disclosure at the formal signing ceremony of the asset agreement between Nigeria and the United States of America in…

Financial Crimes

EFCC Dismisses 27 Officers, Detains 10 For Fraud

January 9, 2025January 9, 2025 Rextun boss No Comments

The Economic and Financial Crimes Commission has detained 10 officers from its Lagos Zonal Command over the alleged theft of missing operational items and dismissed 27 others. The spokesperson of the anti-graft agency, Dele Oyewale, confirmed this in a statement issued to newsmen on Wednesday in Abuja. Oyewale stated that the development was part of…

Financial Crimes

abdulwasiu abdulkabir Olajide on 7 Federal Government Empowerment Programs and Opportunities for Nigerian Youths – How to ApplyAugust 13, 2026
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Kikma on Top 10 Hidden Gems in Ibadan You Need to Visit in 2025July 1, 2025
Ibadan is truly a hidden gem with so much to offer. From the serene Agodi Gardens to the breathtaking views…