Category: Financial Crimes

Emefiele, 15 Others To Face Trial Over N26.6 Trillion Fraud At CBN – Reports

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Emefiele, 15 Others To Face Trial Over N26.6 Trillion Fraud At CBN – Reports

Embattled former Central Bank Governor, Godwin Emefiele, a minister and 14 others are to face trial over various misappropriation of funds, abuse of office and official privileges at the Central bank of Nigeria. This information was brought to the public domain yesterday. After a five-month probe, Godwin Emefiele, the minister and 14 others have been…

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Financial Crimes

Tax Fraud Case: Shakira To Pay €7.3m Fine – Court

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Tax Fraud Case: Shakira To Pay €7.3m Fine – Court

Colombian superstar Shakira will pay a fine of over 7.3 million euros ($7.98 million) as part of a deal with Spanish prosecutors to avoid trial for tax fraud, a Barcelona court said Monday. Under the deal, announced at the start of what would have been the trial of the 46-year-old singer, Shakira also agreed to…

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Financial Crimes

Sam Bankman-Fried’s Trial Has Been Concluded. Here’s What You Need To Know

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Sam Bankman-Fried’s Trial Has Been Concluded. Here’s What You Need To Know

CNN The trial of Sam Bankman-Fried, a onetime crypto billionaire who was accused of orchestrating a multibillion-dollar fraud, has been concluded in the federal court in Manhattan. Jury selection took up most of the first day of the trial , with opening arguments few days afterwards. The former crypto billionaire appeared in court in a…

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Financial Crimes

EFCC Picks Up Emefiele Few Hours After His Release From DSS Custody

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EFCC Picks Up Emefiele Few Hours After His Release From DSS Custody

Former governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, after regaining his freedom last night has been picked up by operatives of the Economic and Financial Crimes Commission (EFCC) few hours after. The former CBN Governor is being interrogated and there are indications that fresh charges will be filed against him. Emefiele had…

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Financial Crimes

EFCC, NJI, Stakeholders Seek Legislation on Unexplained Wealth

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EFCC, NJI, Stakeholders Seek Legislation on Unexplained Wealth

The Economic and Financial Crimes Commission, EFCC, National Judicial Institute, NJI and other stakeholders in the anti-graft war, have called for robust, globally-acceptable legislation to tackle the issue of unexplained wealth in Nigeria. This call came out of a Communique issued on Thursday, October 5, 2023, at the end of the 5th EFCC-NJI Capacity Building Workshop…

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Financial Crimes

Emefiele Faces Graft Charges As Prosecutor File’s Fresh Suit

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Emefiele Faces Graft Charges As Prosecutor File’s Fresh Suit

A fresh 20-count charge has been filed against suspended and detained central bank governor Godwin Emefiele on Tuesday. One of the charges accused him of “conferring unlawful advantages”, sources revealed. Full details of the new charges have not yet been made public. However, court documents deposed by the Attorney General’s Office last month showed that…

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Finance and Economy, Financial Crimes

Ilorin Court Remands Banker Over Alleged N22.1m Fraud

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Ilorin Court Remands Banker Over Alleged N22.1m Fraud

A magistrate court sitting in Ilorin has ordered the remand in prison of one Aribisala Jeremiah, a bank staff, over an allegation of stealing N22.1 million from the bank. The remand order was given by Magistrate Jumoke Kamson, who presided over the matter and granted the prosecutor’s application for Jeremiah’s remand. Jeremiah was arraigned by…

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Financial Crimes

Legal practitioner accuses Ogun SSG of money laundering, ballot paper printing scam

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Legal practitioner accuses Ogun SSG of money laundering, ballot paper printing scam

A legal practitioner, Femi Oniyide, has submitted a petition to both the Economic and Financial Crimes Commission (EFCC) and the Independent National Electoral Commission (INEC) against the Secretary to the Ogun State Government (SSG), Tokunbo Talabi. In the petition, Talabi is alleged to have engaged in money laundering and illicit activities linked to the printing…

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Financial Crimes

Stella Oduah To Be Arraigned July 21 For Alleged N5b Fraud

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Stella Oduah To Be Arraigned July 21 For Alleged N5b Fraud

A Federal High Court in Abuja has fixed July 21 for the arraignment of Senator Stella Oduah and others by the Economic and Financial Crimes Commission (EFCC).Justice Inyang Ekwo fixed the date after EFCC’s counsel, Hassan Liman (SAN), prayed the court to allow the defendants to take their pleas, having filed the charge against them…

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Financial Crimes

DSS Recovers 18 Bags Of Money, Documents From Emefiele’s Lagos Residence

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DSS Recovers 18 Bags Of Money, Documents From Emefiele’s Lagos Residence

The Directorate of State Services(DSS) has disclosed that 18 Ghana-must-go bags containing money and documents have been taken away by its operatives from the residence of the suspended governor of the Central Bank of Nigeria (CBN), Godwin Emefiele. Nigerian Tribune gathered that the money and the documents were taken from the Lagos residence of Emefiele…

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Financial Crimes