Operatives of the Economic and Financial Crimes Commission EFCC, Lagos state command, have re-arrested Dubai-based businessman, Ismailia Mustapha, popularly known as Mompha, for allegedly laundering funds obtained through unlawful activities and retention of alleged proceeds of crime. Mompha, who was…
Former chairman of the now-defunct Pension Reformed Task Team, Abdulrasheed Maina has been found guilty of money laundering. Justice Okon Abang of the Federal High Court is currently reading the judgement in Abuja, the nation’s capital. Abang held that…
11 Nigerians were on Wednesday October 13, indicted by the U.S. Justice Department on charges of conspiracy to commit money laundering, conspiracy to commit bank fraud and aggravated identity theft, in connection with their involvement in laundering millions of dollars in proceeds…
Nigerian Instagram celebrity, Ramon Abbas a.k.a Ray Hushpuppi has pleaded guilty to conspiracy to engage in money laundering of funds from business email compromise scams and other online heists. Journalist Evan Ratiff who shared copies of the agreement, revealed…
Luís Filipe Vieira suspended his current term as Benfica’s president on Friday A judge in Portugal has ordered that the president of Benfica, the country’s biggest football club, be kept under house arrest until he posts €3m (£2.6m; $3.6m)…
The Economic and Financial Crimes Commission, EFCC, Port Harcourt zonal office on Thursday, August 20, secured the conviction of two Lebanese men, Chamseddine Waell Mohammed and Dina Jihad Khali, who both pleaded guilty to separate one-count charge of money laundering…
Ibrahim Magu, acting chairman of the Economic and Financial Crimes Commission, EFCC, has disclosed that aid agencies operating in the troubled North East region of Nigeria are under surveillance for money laundering. Lawrence Iwodi, the head of operations of…
Four officials of the Kwara State government accused of money laundering by the Economic and Financial Crimes Commission, EFCC, were on Wednesday, May 8, 2019 returned to the custody of the anti-graft custody, pending ruling on their bail applications…
Multiple reports confirm that EFCC has arrested Uyi Giwa Osagie, the lawyer and treasurer of former Vice President Atiku Abubakar, for alleged money laundering. Osagie was arrested on Monday night Feb 18th following the arrest of Alhaji Abdullahi…