In a blow to government efforts to combat money laundering, a federal court has ruled that the Treasury Department cannot require some small businesses to report personal details about their owners. Under a section of a 2020 law that took effect Jan. 1, small businesses must share details about their …
Read More »We have uncovered a religious sect laundering money for terrorists – EFCC Chairman
The Chairman of the Economic and Financial Crimes Commission, Ola Olukoyede, says the agency has uncovered how a religious sect in Nigeria is laundering money for terrorists. The EFCC boss made the revelation on Wednesday at the Musa Yar’Adua Centre, Abuja, during a one-day dialogue on “Youth, Religion, and …
Read More »Alleged money laundering: I am dying of cancer, allow me to come back home .- Diezani begs President Tinubu
The embattled former petroleum minister during the regime of President Goodluck Ebele Jonathan, who ran to the UK for the fear of the EFCC Diezani Alison Maduekwe has now begged Nigerian government for leniency. A statement released by EFCC says Mrs Diezani, who is reportedly suffering the second …
Read More »Dangote Industries denies being probed for alleged illegal foreign exchange deals and money laundering
Dangote Industries Limited (DIL) has issued a statement to refute the claims that the company is being probed for alleged illegal foreign exchange deals and money laundering. Read the statement below The post Dangote Industries denies being probed for alleged illegal foreign exchange deals and money laundering appeared first on Linda Ikeji …
Read More »Supreme Court acquits Senator Nwaoboshi of money laundering conviction, nullifies his 7-year jail sentence
The conviction and sentencing of Peter Nwaoboshi, a former senator who represented Delta north, to seven years imprisonment over money laundering charges, has been quashed by the Supreme Court in a split decision of four-to-one. The EFCC had dragged the former lawmaker to court after claiming that Nwaoboshi and …
Read More »Many estates in Abuja and other parts of the country are proceeds of money laundering ? EFCC Lawyer
Chris Mishela, a lawyer who works with the Economic and Financial Crimes Commission (EFCC) has said that some estates springing up in Abuja and other parts of the country are believed to be proceeds of fraud and money laundering. Speaking at a training session for journalists on effective reporting …
Read More »Money Laundering & Corruption Risks in Latin America
Opinion by Lakshmi Kumar (washington dc) Tuesday, January 03, 2023 Inter Press Service WASHINGTON DC, Jan 03 (IPS) – The writer is the Policy Director at Global Financial Integrity (GFI), a Washington, D.C.-based think tank specializing in research, advocacy, and advisory services.Over the last decades, the private investment fund sector has …
Read More »Money Laundering: Doyin Okupe resigns as Peter Obi?s campaign DG
Dr Doyin Okupe has tendered his resignation as the Director General of the presidential campaign organization of the Labour party for the 2023 Presidential election. Okupe who was a one-time adviser to former President Goodluck Jonathan tendered his resignation on Tuesday December 20, barely 24 hours after a Federal …
Read More »Money laundering: ”Man is not God”- Doyin Okupe tweets after paying N13m fine to escape 2-year jail term
A former Senior Special Assistant to ex-President Goodluck Jonathan, Doyin Okupe, has paid the N13 million fine slammed on him on Monday, December 19, by a Federal High Court in Abuja after he was found guilty of receiving over N200m cash from a former National Security Adviser, Col. Sambo Dasuki …
Read More »Doyin Okupe sentenced to 2 years in prison after being convicted of money laundering
Former Senior Special Assistant (SSA) on Media to ex-President Goodluck Jonathan, Doyin Okupe has been sentenced to two years imprisonment after being convicted for breaching the Money Laundering Act. Okupe, who is the Director General of the Presidential Campaign Council (PCC) of the Labour Party (LP) was convicted on 26 of the …
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