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Wednesday, July 8, 2020

N3.6bn Fraud: NDDC Confirmed Genuineness Of Contract Leading To Omatsuli’s Trial —EFCC Witness

An investigator with the Economic and Financial Crimes Commission, Adamu Usman Yusuf, has disclosed that the contract leading to the trial of a former Director of the Niger Delta Development Commission, Tuoyo Omatsuli, was genuine. He told Justice Saliu Saidu of the Federal High...

EFCC arraigns Saraki for money laundering

A former Senior Special Assistant to the Kwara State Governor on Sustainable Development Goals, Ope Saraki was on March 24, 2020, arraigned before Justice Babangana Ashigar of a Federal High Court sitting in Ilorin, Kwara State. Saraki, a cousin to the immediate past President...

EFCC To Arraign Former Head Of Service, Oyo-Ita, Eight Others

The Economic and Financial Crimes Commission will on Monday, March 23, 2020 arraign the immediate past Head of Civil Service of the Federation, Winifred Oyo-Ita. She will be arraigned before Justice Taiwo Taiwo of the Federal High Court, Abuja. Others to be arraigned along with Oyo-Ita...

Obono-Obla Arrested By ICPC In Abuja

Okoi Obono-Obla, a former Chairman of the Special Investigation Panel for the Recovery of Public Property was on Friday in Abuja arrested by the Independent Corrupt Practices and Other Related Offences Commission. Spokesperson for the commission, Rasheedat Okoduwa, made the disclosure in a statement. Okoduwa said...

Alleged result falsification: AGF fails to arraign INEC officials

Attorney-General of the Federation’s (AGF’s) office on Monday failed to arraign two officials of the Independent National Electoral Commission (INEC) for their alleged involvement in electoral fraud during the February 23, 2019 Presidential and National Assembly elections. The officials, Sulaiman Ikhuoriah and Olugbenga Omotiloye, were...

FBI arrests Nigerians, others over $30m Atlanta-based scams

The FBI and other US Federal agents have arrested twenty-four individuals, among them Nigerians, for their involvement in a large-scale fraud and money laundering operation that targeted citizens, corporations, and financial institutions throughout the United States. Two of the Nigerians, Afeez Olaide Adeniran and Blessing...

FCMB Banker bags 28 years for N143.6m fraud

A Federal High Court in Lagos Thursday sentenced an ex-banker with First City Monument Bank (FCMB) Plc, Andrea Chizoba Okpalangwu, to 28 years imprisonment for fraud. Justice Ibrahim Nasir Buba convicted Okpalangwu of stealing the bank’s N146, 633.000.00. The judge sentenced her to seven years on...

What next for Olusegun Agagu’s wife over unpaid N32million debt linked to UBA shares

By Akin Kuponiyi In a bid to recover a debt of N32,136,877.25, the Asset Management Corporation of Nigeria (AMCON) has dragged Agagu Olufunke Ibidun, the wife of former Governor of Ondo state, Olusegun Agagu, before a Federal high court in Lagos, Southwest of Nigeria. Joined as...

UBA N33.69m Fraud: Court orders arrest warrant for staff

The Federal High Court in Yenagoa, on Thursday, issued a warrant mandating the arrest of four staff of United Bank for Africa PLC (UBA) charged with alleged cybercrime, fraud and diversion of N33.69 million. Justice Abimbola Awogboro made the order following failure of the...

FG orders CBN to pay Ogoni community N182.7bn from FirstBank account over Shell’s oil spillage

The Federal High Court in Abuja has ordered the Central Bank of Nigeria to pay a judgment sum and interest of N182.7bn to Ogoni community from the account of First Bank of Nigeria. FBN manages the account of Shell Petroleum Development Company which the court...
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