The accused person allegedly converted the sum entrusted to him by one Alhaji Alkasim L. Bako to personal use
Browsing: Economic and Financial Crimes Commission
He was first docked on a three count charge that borders on false declaration of assets, while all four accused persons were later arraigned on a four count charge of conspiracy and conversion of funds
Ibrahim, who was arraigned on January 17, 2013 before Justice Adamu Bello on a one count charge of money laundering, pleaded guilty to the charge and Justice Bello subsequently adjourned to January 21 for sentencing
Aroje was one of two Malaysia-based Nigerian undergraduate fraudsters arrested by the EFCC in the closing weeks of 2012 at the 1004 Housing Estate, Victoria Island, Lagos following a tip-off
Okpala and others (still at large) in August 2008, allegedly conspired and sold a parcel of land at Independence Layout, Enugu belonging to Chief Philip Asiodu to Dominion City Church for N34 million
Babalakin was arraigned before Justice Adeniyi Onigbanjo of the Lagos High Court, Ikeja by the Economic and Financial Crimes Commission alongside Alex Okoh and three companies: Stabilini Vision Limited, Bi-Courtney Limited and Renix Nigeria Limited
Aminu, who faces a one count charge of money laundering, was arrested by EFCC December 12, 2012 at the Mallam Aminu Kano International Airport, Kano on his way to Egypt, for failure to declare the $50,000 he had on him to the Nigeria Customs Service as required under Section 12 of the Foreign Exchange (Monitoring and Miscellaneous Provisions) Act Cap F 34 Laws of the federation of Nigeria 2004 and Section 2(3) of the Money Laundering (Prohibition) Act, 2011 and thereby committed an offence punishable under Section 2(5) of the Money Laundering (Prohibition) Act, 2011
The suspects, who were picked up in Abuja, had gone to the Federal Capital Territory Authority on January 15, 2013, with an offer to assist a director of the agency “kill” a petition allegedly written against him
Babalakin was arraigned on Thursday morning before Justice Adeniyi Onigbanjo by the Economic and Financial Crimes Commission for alleged criminal conspiracy and money laundering to the tune of N4.7 billion
Babalakin, in an update on the statement by his media aide, Dipo Kehinde, said that contrary to the position of the EFCC that he was avoiding prosecution, which led to the EFCC declaring him wanted, he was set for his arraignment in connection with a case of criminal conspiracy and money laundering to the tune of N4.7 billion
Justice Fatu Riman on Wednesday ordered the accused, who pleaded guilty to the one count charge of money laundering preferred against him by the EFCC, to forfeit 50 per cent of the undeclared $130,000
The accused pleaded not guilty to the charges
King acknowledged that the defendants were eligible to participate in the PSS but could, however, not disclose to the court whether they fully conformed to the rules governing the subsidy regime
However, Kehinde told The Eagle Online that the EFCC’s declaration of Babalakin wanted was to embarrass him
Keyamo told the court that the extension of the order was imperative for the determination of all applications and the safety of the attached properties
The 65-year-old lawyer allegedly duped two of his clients to the tune of N50 million and used the fund to purchase a mansion in a high brow neighbourhood in Kano
The Public Relations Officer of the NCS, MMIA command, Thelma Williams, confirmed the arrest
Rather, Soludo said his presence at the office of the EFCC in Abuja was to honour an invitation by the commission to clarify some issues
Sources said the arrest and quizzing of the former CBN governor was in connection with the contract he awarded for the printing of polymer currency notes to an Australian firm while he was governor of the CBN between 2006 and 2008
The court ordered that the accused be remanded in prison custody and adjourned to January 11, 2013 for hearing