U.S. Opposes Nigeria Plan to Hand Looted Funds to Governor

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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 […]

Governments Begin to Roll Out FATF’s Travel Rule Around the Globe

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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 […]

PIND REPORT: With 416 conflicts, 1,013 deaths—violence, fatalities increased in Niger Delta in 2019

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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 […]

FRAUD: EFCC Arraigns Former Vice Chancellor Over N70 Million Fraud

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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, […]

CYBERCRIME: EFCC Storms Yahoo-boys Den, Arrest Kingpin, 26 others

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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 […]