Ikuforiji is standing trial alongside his aide, Oyebode Atoyebi, on an amended 54-count charge of money laundering preferred against them by the Economic and Financial Crimes Commission
Browsing: Money laundering
Fani-Kayode is standing trial on an amended 40-count charge bordering on money laundering
The CBN, in a circular released by and obtained by the News Agency of Nigeria on Friday in Lagos, said that the revoked BDCs had inadequate documentations on huge foreign exchange purchased from banks
Delivering the lead judgment at the appellate court, Justice Saheed Bagir, upheld the powers of the Economic and Financial Crimes Commission to prosecute offenders under the money laundering Act
Justice Rita Ofili-Ajumogobia gave the order while ruling on an application of objection filed by Fani-Kayode’s counsel, Ifedayo Adedipe (SAN), challenging the competence of the charges
Fani-Kayode, a former Aviation Minister, is standing trial on an amended 47-count charge bordering on money laundering
And secondly, that the trial court erred by upholding and granting the 1st and 2nd respondents application for a no case submission in spite of the evidential materials, oral and documentary, before the court
One of its witnesses, Sanusi Ahmed, who is an operative of the EFCC, told the court that the accused person only registered $10,000 in the Nigerian Customs Declaration Form only for a search to reveal that he had $50,000 on him. He identified the Customs Declaration Form when it was shown to him
The duo will be re-arraigned following the retirement of Justice Okechukwu Okeke, who was handling the case
Former Minister of Aviation, Femi Fani-Kayode, is being arraigned at the Federal High Court, Lagos on a 47 count charge of alleged money laundering
Lamido was arrested by operatives of the EFCC at the Mallam Aminu Kano International Airport Kano on December 11, 2012 on his way to Cairo, Egypt
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
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
Anybody still in doubt about the fact that there was a motive to discredit the performing Governor of Jigawa State should go back to the statement by the Economic and Financial Crimes Commission and read it one more time. Apart from hinting that the young man was on a money-laundering mission for his father, it gave a further impression that the boy had been doing several trips overseas on money laundering on behalf of the governor
Shittu wondered how a person that travelled from Saudi Arabia after the Hajj and attended a plenary session at the Senate would find it difficult to travel to Gombe for a court appearance
The accused, a former Cashier with Giwa Local Government Area of Kaduna State, allegedly used his position to pay himself multiple monthly salaries into several accounts and then moved the funds to other accounts to disguise their origin
In a statement signed by the group’s General Secretary, Lazarus Okoye, it said that the case against Ubah was a “clear case of intimidation, blackmail and political witch-hunting orchestrated by his competitors in the oil and gas sector who are jealous of his rise to stardom in the business”
Ukiri is being prosecuted by the Economic and Financial Crimes Commission on charges bordering on fraud, stealing and money laundering of N35 million