MONEY LAUNDERING: ATIKU’S IN-LAW GETS 20MIL NAIRA BAIL

Justice Nicholas Oweibo of the Federal High Court in Lagos on Thursday granted bail to Abdullahi Babalele, son-in-law of Peoples Democratic Party (PDP) presidential candidate Alhaji Atiku Abubakar. He admitted him to bail for N20million with one surety in like sum. The surety must be resident in Lagos and must produce evidence of means through an affidavit, the judge ruled. Babalele was directed to deposit his passport, which has been with the prosecution, with the court. The Economic and Financial Crimes Commission (EFCC) arraigned him on Wednesday for allegedly laundering…

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ATIKU’S LAWYER TO BE CHARGED TO COURT FOR LAUNDERING 2MOL DOLLARS

Oladimeji Ramon The Economic and Financial Crimes Commission has perfected plans to arraign a lawyer, Mr. Uyiekpen Giwa-Osagie, for allegedly laundering $2m in the build-up to this year’s general elections. Giwa-Osagie, who is said to be lawyer to the presidential candidate of the Peoples Democratic Party in the election, Alhaji Atiku Abubakar, was alleged to have handled the $2m cash without going through a financial institution. Already, the EFCC has filed three counts against him before the Federal High Court in Lagos. There are indications that Giwa-Osagie will be arraigned…

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MONEY LAUNDERING: THEY NOW SMUGGLE OUT RAW GOLD FROM ZAMFARA, EFCC ALLEGES

By Michael Eboh Economic and Financial Crimes Commission, EFCC, yesterday, raised an alarm that some unscrupulous individuals have resorted to another method of money laundering, stating that these criminals smuggle out raw gold from Zamfara state to foreign countries. In a statement in Abuja, Acting Chairman of the EFCC, Ibrahim Magu, who stated this while receiving a delegation from British’s Serious and Organised Crime Joint Analysis, SOCJA for West Africa in Abuja, disclosed that the smuggled gold are laundered into cash outside the country by these unscrupulous individuals. He noted…

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EFCC ARRAIGNS MALAYSIA BASED NIGERIAN FOR 58MIL MONEY LAUNDERING CRIME

From: collinsuchendusblog.com The Economic and Financial Crimes Commission, EFCC, on Monday, June 3, 2019, arraigned Okoroji Stanley Chinonso, a Malaysian based man, before Justice folashade Giwa-Ogunbanjo of the Federal High Court, Abuja. He was arraigned on a three-count charge bordering on money laundering. Okoroji’s journey to the dock started when he was apprehended by the officers of the Nigerian Police on December 28, 2018 in Imo state for allegedly participating in an organised crime. He was thereafter handed over to the EFCC on January 3, 2019 for further investigation and…

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NIGERIA, OTHERS LAUNDER 100BILION POUNDS ANNUALLY

United Kingdom said on Wednesday it is especially focusing on stopping the importation of at least £100 billion dirty money into its economy from Nigeria, Russia, former USSR countries and Asia annually. This is as British police disclosed they had used tough anti-graft powers for the second time to freeze three London properties believed to be linked to a person involved in serious crime. National Crime Agency (NCA) disclosed obtained the Unexplained Wealth Orders (UWO) at London’s High Court for three houses in prime locations in the British capital which…

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MAN CHARGED TO COURT FOR LAUNDERING 492 MIL NAIRA, SEE PIX

The Federal High Court in Ikoyi, Lagos has ordered the remand of one Olabisi Sulaimon Akanbi, pending the hearing of N492.5 million money laundering charge preferred against him by the Economic and Financial Crimes Commission (EFCC). Akanbi, alongside four companies, were arraigned on Tuesday before Justice Ridwan Aikawa, on a four-count charge bordering on false pretense and money laundering. The companies are Labo Entertainment Limited, Labo Autos Limited, Labo Group of companies Limited and Facebuk Magazine Limited. One of the counts reads: “That you, Olabisi Sulaimon Akanbi (a.k.a Labo), Labo…

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EFCC RE-ARRAIGNS JUSTICE AJUMOGOBIA AND OBLA

The Economic and Financial Crimes Commission on Wednesday re-arraigned a Judge of the Federal High Court, Rita Ofili-Ajumogobia, and a Senior Advocate of Nigeria, Godwin Obla, over alleged money laundering charges. EFCC charged Ofili-Ajumogobia and Obla on 18 counts bordering on conspiracy, unlawful enrichment, retention of crime proceeds and money laundering. The defendants are standing trial before Justice Rilwan Aikawa. Both defendants pleaded not guilty to all counts of the charge. The News Agency of Nigeria reports that the defendants were first charged before an Ikeja Division of the High Court, which…

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LAGOS LAW FIRM ALUKO & OYEBODE REACTS TO MONEY LAUNDERING ALLEGATION

Davidson Iriekpen A leading law firm, Aluko & Oyebode, has dismissed the allegation of money laundering levelled against its Chairman, Mr. Gbenga Oyebode, on his role in the establishment of Nigeria SEZ Investment Company Limited, a special purpose public-private partnership entity initiated by the Federal Ministry of Industry, Trade and Investment. It noted that at no time was any money laundering allegation made against Oyebode, any of its partners or AO Secretarial Services Limited by the agencies of the federal government. In a press statement released in Lagos at the…

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EFCC SEEKS TRANSFER OF FAYOSE’S MONEY LAUNDERING CASE TO ANOTHER JUDGE

The Economic and Financial Crimes Commission (EFCC) has written to the Chief Judge of the Federal High Court, seeking the transfer of the trial of the immediate past governor of Ekiti State, Mr. Ayodele Fayose, from Justice Mojisola Olatoregun of the Federal High Court, Ikoyi, Lagos to another judge. The EFCC before now, has called 10 out of the 14 witnesses listed in the trial, which started last year November and had enjoyed accelerated hearing. In a petition dated March 21, 2019 and addressed to the Honourable Chief Judge of…

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SUSPECTED RITUALIST CAUGHT WITH HUMAN HANDS IN EKITI

A young man was apprehended yesterday with two human hands in a polythene bag in Ijero Ekiti area of Ekiti state. He is suspected to be a ritualist. It was gathered that on Monday, a robbery gang sent a letter to the town that they were coming to rob the residents, and due to that message, police officers and plain-clothed detectives have been patrolling round the town to stop and search anybody suspicious. It was during this stop and search process that the suspect identified as Nifemi Opeloyeru was found…

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