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Lagos, South Africa and New York
Thursday, May 28, 2020

Bamaiyi’s proof of source of $8.4m insufficient, Ajudua tells court

Ikeja, Feb. 19, 2019 (NAN) Mr Olalekan Ojo (SAN), counsel to Lagos socialite, Fred Ajudua, has described as insufficient the proof of the source of $8.4 million allegedly defrauded retired Lt. -Gen. Ishaya Bamaiyi by Ajudua. The News Agency of Nigeria (NAN) reports that Ajudua...

Crisis looms in Taraba community over alleged confiscation of land

By our Taraba correspondent Saturday, July 6,2019 Tension is again brewing in Wukari local government of Taraba state over an alleged confiscation of land belonging to one  Barrister Luka Agbu by a top ranking official of the Nigeria Air Force. The said land which is...

EFCC accuses 10 commercial banks of money laundering

The acting Chairman of the Economic and Financial Crimes Commission, EFCC, Ibrahim Magu, on Friday accused 10 unnamed commercial banks of money laundering. The EFCC chief condemned the increasing wave of illicit financial flows and vote buying in the country during elections. He...

Magu: Nigerian looters now stash funds in Seychelles, South Africa, Niger, Ghana

The Acting Chairman of the Economic and Financial Crimes Commission (EFCC), Ibrahim Magu, yesterday said looters now stash illicit funds in Ghana, Egypt, Cameroon, South Africa, Niger Republic, Morocco and other African countries. He said the preferred destinations for looters had traditionally been the United...

Nigeria says ex-president and his oil minister took bribes – court filing

ABUJA (Reuters) - The Nigerian government has accused former President Goodluck Jonathan and his then oil minister of accepting bribes and breaking the country’s laws to broker a $1.3 billion oil deal eight years ago, a London court filing shows. The deal, in which Anglo-Dutch...

World Bank Says Poverty Rising daily in Nigeria, Sub-Saharan African countries

Economy Friday, April 12,2019 The World Bank Group has warned that the rising level of poverty in Nigeria and other Sub-Saharan African countries is getting worse despite other regions making progress. It also said illicit transfer of funds from the region to the developed world had become...

Nigerian public fund looters ‘shun Dubai for Morocco, Jo’burg, Ghana’

By Robert Egbe •Convictions up from 158 to 246 Former Nigeria public officials who plundered the wealth of the country have found safer havens in Morocco, Johannesburg and Ghana, where they are investing their loot in properties, Economic and Financial Crimes Commission (EFCC) Acting Chairman...

FBI says 74 arrested in global crackdown on email fraud

WASHINGTON/NEW YORK, June 11 - U.S. authorities said on Monday that 74 people had been arrested in a global crackdown on email fraud scams, in which criminals have attempted to steal billions of dollars from businesses and individuals. The cases involve a growing type...

Presidency threatens political appointees over corrupt pecuniary gains

The Presidency on Tuesday issued a stern warning to political appointees, government officials and party men against influence peddling for corrupt pecuniary gains and other forms of extortion. A presidential spokesman, Malam Garba Shehu, told State House Correspondents in Abuja that complaints of extortions of...

BREAKING: Buhari Contributes $500,000 To Guinea Bissau’s Elections

President Muhammadu Buhari has announced the donation of a sum of $500,000 to the elections that held in Guinea Bissau last month According to a State House press statement released via the official Twitter account of the presidency, the donation, which was made in response...