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Alleged $13.9bn Money Laundering: Senate Begins Probes of MTN

  MTN logo       Nigerian Senate on Wednesday said it has commenced investigation into the alleged money laundering by Nigeria’s telecommunication giant, MTN. The Chairman of Senate Committee on Banking, Insurance and Other Financial Institutions, Senator Rafiu Ibrahim, made the disclosure on Wednesday in Abuja, Nigeria’s capital. Senator ...

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Money Laundering Allegation: EFCC Lied -Says Fani-Kayode’ Wife

Femi Fani Kayode  and wife precious chikwendu       The  wife of Mr Femi Fani-Kayode, Mrs Chikwendu Fani-Kayode, has dismissed allegations by the Economic and Financial Crimes Commission (EFCC) that her Access Bank account was used to launder a said sum of money. Her reaction came after the EFCC ...

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Nigeria lawmakers to investigate $17 bln oil theft claim

Lawmakers in Nigeria’s lower house of parliament are to investigate whether $17 billion of petroleum and fuel exports were stolen by companies and government agencies under the administration led by President Muhammadu Buhari’s predecessor. Buhari, elected last year largely on his vow to fight corruption, has said he will recover ...

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Exclusive: Nigeria hunts down 700,000 firms in tax crackdown to offset oil slump

Nigeria has hunted down 700,000 firms that have never paid taxes as the country seeks new revenue sources to offset low oil prices that have pushed Africa’s biggest economy into its first recession in more than 20 years, its tax chief said. Tunde Fowler, executive chairman of the Federal Inland ...

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I bought Abuja house for Badeh – Witness

Former Chief of Defence Staff, CDS, Air Chief Marshal Alex S. Badeh         A witness, Kabiru Salau, in the ongoing trial of a former Chief of Defence Staff, CDS, Air Chief Marshal Alex S. Badeh, on Wednesday told Justice Okon Abang of the Federal High Court sitting ...

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EFCC arraigns ex-Air Marshal Amosu, Air Vice Marshal Adigun, Air Commodore Olugbenga, others over N21b fraud

L-R: Air Vice Marshal Jacob Bola Adigun and former Air Force chief, Air Marshal Adesola Amosun Nunayon       The Economic and Financial Crimes Commission (EFCC) on Wednesday arraigned a former Air Force chief, Air Marshal Adesola Amosun Nunayon before Justice M. B. Idris of Federal High Court, Ikoyi Lagos ...

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EFCC arraigns Pastor over fraud

EFCC operatives        The Economic and Financial Crimes Commission (EFCC) has arraigned one Pastor Moses Oluwapelumi Iduye before Justice M. O. Ishola of the Oyo State High Court sitting at Ibadan on a 10-count charge bordering on obtaining by false pretence and forgery. Moses, who claimed to be ...

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NBC denies report that EFCC freezes its account

Lai Mohammed         National Broadcasting Commission (NBC) on Thursday denied a report that the EFCC had frozen its accounts in three commercial banks over a purported financial infraction involving the Minister of Information and Culture, Alhaji Lai Mohammed. A statement by Is’haq Modibbo Kawu, Director General, NBC ...

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Magu assures Cameroon of support in asset recovery

A five-man delegation from Cameroon at EFCC         The acting Chairman, Economic and Financial Crimes Commission, EFCC, Ibrahim Magu, has expressed the readiness of the Commission to assist the Cameroonian government in the area of asset tracking and recovery. Speaking on Wednesday, June 22, 2016 when he ...

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NCS arrests notorious cripple for obtaining N20m from job seekers

Nigerian Custom The Nigerian Customs Service (NCS) has arrested one of most notorious fraudsters involve in online advertising scams on non-existing vacancies in government agencies. The suspected kingpin whose real name was given as Abubakar Rilwan had been declared wanted by some security agencies in the country before his arrest. ...

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