Tag: Money Laundering

90% of Money Laundering is Through Real Estate— EFCC

The Economic and Financial Crimes Commission, EFCC, Chairman, Abdulrasheed Bawa, has stated that 90 percent of money laundering in Nigeria is done through the real estate sector. Bawa who made…

Nigerian Car Dealer Arrested in Us to face 20 years in US prison

A Nigerian car dealer identified as Tochukwu Abel Edeh, the founder and CEO of Big-T Autos has been charged with money laundering and investment fraud. The 31-year-old was arrested on…

Daily Report

Female Lawyer Arraigned in Court For Alleged Money Laundering

The Economic and Financial Crimes Commission, EFCC, has arraigned a female lawyer identified as Anumati Stella Ojevwe, for alleged money laundering. Ojevwe was arraigned on a 14-count charge of money…

Ohakim Abandon Asokoro House, $2.29m in Money Laundering Charges

Dr. Ikedi Ohakim, former governor of Imo State, denied ownership of a property in the affluent Asokoro District and $2.29 million linked to him by the Economic and Financial Crimes…

Daily Report

Senate Passes Bill Mandating Banks To Report Deposits Above N5m To EFCC

The Nigerian Senate has passed a bill to amend the Money Laundering Act 2011. The bill was passed by the upper chamber on Wednesday March 16, after due consideration by…

Daily Report

EFCC Arrests Kelechi Vitalis Anozie, General Overseer Wanted By FBI for Cybercrime, Money Laundering

Pastor Kelechi Vitalis Anozie, the Founder of Praying City Church, Owerri, who has been on the US Federal Bureau of Investigation (FBI) watchlist, has been arrested by the Operatives of…

Daily Report

Presidential Aspirant, Rochas Okorocha to Remain in EFCC Custody Till May 30

Detained former Imo State Governor, Anayo Rochas Okorocha will remain in the custody of the Economic and Financial Crimes Commission (EFCC) till Monday, May 30, when he will be arraigned…

Daily Report

EFCC Declares Mompha Wanted

The Economic and Financial Crimes Commission (EFCC) has declared social media celebrity, Ismaila Mustapha, popularly known as Mompha, wanted. The anti-graft agency disclosed this via its Twitter handle on Wednesday.…

Daily Report

Former Power Minister, Saleh Mamman, to Face Trial for N33bn Money Laundering

    The Economic and Financial Crimes Commission (EFCC) is set to arraign former Minister of Power, Saleh Mamman, before Justice J. K. Omotosho on Thursday, July 11, for alleged…

Court Summons CBN Governor, Others Over Detained Binance Executive

  A Federal High Court in Abuja has summoned the Governor of the Central Bank of Nigeria, Yemi Cardoso, and the Head of the Legal Services Department, Kofo Salam-Alada, to…