Money Laundering

May 12, (THEWILL) — The Federal High Court in Abuja has convicted in absentia a British national, James Nolan, a director in the controversial Process and Industrial Development (P&ID) Ltd, over multiple counts bordering on money laundering, forgery and...

February 04, (THEWILL) - On Wednesday, last week, the Chairman of the Economic and Financial Crimes Commission, Ola Olukoyede, disclosed that it had uncovered a religious sect in Nigeria involved in money laundering for terrorists. Additionally, he revealed that...

November 20, (THEWILL) - Nigeria has asked the Action Group Against Money Laundering in West Africa (GIABA) to develop an institutional framework for the enforcement of financial crime regulations in West Africa. Attorney-General of the Federation and Minister of Justice,...

This writer has no wish to trace the historical role of money in Nigerian politics. This is a grey area in Nigerian politics and it has really not been explored as a theme or a component of national politics....

May 15, (THEWILL) - The Economic and Financial Crimes Commission (EFCC), has rearrested a social media celebrity, Ismaila Mustapha, alias Mompha, for alleged money laundering, totalling N6 billion. Suleiman Suleiman, Counsel to the Commission, told an Ikeja Special Offences...

May 05, (THEWILL) - The Court of Appeal, Abuja, on Friday, upheld the November 8, 2021 judgement of the Federal High Court, Abuja, which convicted the former Chairman of the Pension Reform Task Team (PRTT), Abdulrasheed Maina, for...

April 26, (THEWILL) - The Economic and Financial Crimes Commission (EFCC) is to commence a fresh prosecution of former Minister of Aviation, Femi Fani-Kayode and three others at the Federal High Court, Abuja over alleged misappropriation of N4.6bn and...

April 01, (THEWILL) – The Court of Appeal, Sokoto Division, has convicted and sentenced two Chinese nationals, Meng Wei Kun and Mr Xu Kuai, to six years imprisonment each. The duo were sentenced by Justice Abubakar Mahmud Talba,...

March 17, (THEWILL) - The Economic and Financial Crimes Commission (EFCC), has arraigned an Indian, Chandra Prakash Singh, before the Federal High Court in Lagos, for laundering over $200,000. The anti-graft agency in a statement on Thursday, said Singh...

March 09, (THEWILL) - The Plateau Command of the Nigerian Security and Civil Defence Corps (NSCDC), has arrested nine suspects with fake Naira and United States’ dollar notes. Spokesperson of the Command, DSC Chris Longbit, who paraded the suspects on...