The U.S. is opposing plans by Nigeria’s government to hand about $100 million the American authorities say was stolen by deceased former dictator Sani Abacha to a top ruling party official. The disagreement may hamper future cooperation between the two nations to recover state money moved offshore by Abacha, who Transparency International estimates may have […]
President Muhammadu Buhari-led government has been advised to involve the Nigerian media and the civil society in the spending of returned loot to ensure transparency and accountability. DAILY POST reports that this is part of the repatriation agreement between the United States and Nigeria on the $308 million looted by late Gen. Sani Abacha. It read in […]
It’s been nearly eight months since the Financial Action Task Force issued its divisive crypto directives, establishing traditional banking regulations within the crypto sector. With the year-long adoption deadline fast approaching, how have the world’s regulatory authorities responded to the guidelines so far? The FATF — an intergovernmental organization tasked with combating money laundering — found itself […]
THE Foundation for Partnership Initiative in the Niger Delta (PIND) has released its Niger Delta Annual Conflict Report, indicating that there was an increase in conflict risk and lethal violence in the region in 2019, compared to the trend in 2018. The report revealed that numbers of violent incidents (including election-related violence) and fatalities increased […]
The Economic and Financial Crimes Commission (EFCC) on Wednesday arraigned Aisha Wakil, (aka Mama Boko Haram), before a Maiduguri High Court for alleged financial fraud to the tune of N66 million. Wakil, a lawyer, and wife to a Borno high court judge, was arraigned alongside Tahiru Daura. Wakil and Daura were accused of using their […]
A Lagos Division of the Federal High Court will on December 5 deliver judgement in a N7.6 billion money-laundering suit involving Orji Kalu, the senator representing Abia North in the National Assembly. Kalu, who was Abia governor between 1999 and 2007, was re-arraigned in July last year on a 39-count amended charge by the Economic […]
The Economic and Financial Crimes Commission (EFCC), Makurdi zonal office, on Tuesday, arraigned a former Vice Chancellor of University of Agriculture, Makurdi, Emmanuel Kucha, over alleged N70 million fraud. Mr Kucha, a professor, is facing a four-count charge of conspiracy, misappropriation of public funds, abuse of office and gratification before a Federal High Court, Makurdi, […]
Operatives of the Economic and Financial Crimes Commission (EFCC), Ibadan zonal office, on Wednesday, busted a Lagos hotel believed to be a hideout for internet fraudsters. It was gathered that the target of the raid was one Rasaq Balogun, a suspected internet fraud kingpin, whose alleged illicit activities dominated intelligence gathered from suspects recently arrested […]
The Police Command in Bayelsa State on Wednesday confirmed the burning of two suspected kidnappers in Otuagala Community in Ogbia Local Government Area by a mob. The suspected criminals were allegedly involved in the kidnap of three students of the College of Health and Technology, Otuogidi. The police spokesman in the state, SP Asinim Butswat, […]
The National Drug Law Enforcement Agency (NDLEA), Niger Command, has arrested one suspect with 1,072 kg of substances suspected to be marijuana in Mokwa Local Government Area of the state. The NDLEA’s Commander in the state, Mrs Sylvia Egwunwoke, made this known in an interview with News Agency of Nigeria in Minna on Saturday. Egwunwoke […]