Two 'men of God' Pastor Glory Abrefera and Reverend Vincent Okpogo have been sentenced to 10 years imprisonment each by Justice Ibrahim Buba of the Federal High Court, Asaba, Delta State. Justice Buba found Pastor Abrefera and Reverend Okpogo including their company, Mustard Seed Micro Investment Limited guilty on a four count charge of carrying out banking practice without licence. The accused persons were said to have collected over N1 billion from different individuals and organizations as deposits in an illegal banking practice. They have also failed to account for all the deposits they collected.
Two Lebanese, Hassan Rmaiti and Talal Hammoud who were arrested at the Murtala Mohammed International Airport, Lagos on November 26, 2012 with $2,073,160 (Two Million, Seventy Three Thousand, One Hundred and Sixty Dollars) have been convicted by Justice Okechukwu Okeke of the Federal High Court sitting in Lagos.
The Economic and Financial Crimes Commission, EFCC has declared former governor of Kogi State, Abubakar Audu wanted for offences bordering on conspiracy, stealing and misappropriation of public fund.
The action followed the failure of the suspect to respond to invitation by the anti- graft agency.
Attempt by the EFCC to arrest Audu at his 32, Sulaiman Barau Street, Asokoro, Abuja residence on December 11, 2012 failed as he allegedly evaded arrest.
Operatives of the Economic and Financial Crimes Commission, EFCC, on Wednesday, December 19, 2012, arrested one Bashir Abdu at the Mallam Aminu Kano International Airport, Kano over money laundering.
Abdu, a Nigerian but with a Dubai resident permit was on his way to Dubai on board Egypt Air when he was arrested by the EFCC for failing to declare the $130,000 (One Hundred and Thirty Thousand dollars) on him. He only declared the gold bars with him and 30, 000 Saudi Riyals.
Justice Adebunkola Banjoko of the Federal Capital Territory High Court, on November 21, 2012, convicted Femi Maurice who was arraigned by the Economic and Financial Crimes Commission, EFCC, to four years imprisonment
Justice Salihu Garba of the Federal Capital Territory High Court, on December 7, 2012, sentenced Fidelis Teseer Tule, who was prosecuted by the Economic and Financial Crimes Commission, EFCC, to two years imprisonment for impersonation and obtaining money by false pretence.
Justice Okechukwu Okeke of the Federal High Court, Lagos has fixed February 18, 19, 20 and 21, 2013 for continuation of trial in the money laundering charge preferred against the Speaker of the Lagos State House of Assembly, Adeyemi Ikuforiji and his personal assistant, Oyebode Alade Atoyebi by the Economic and Financial Crimes Commission, EFCC.
Justice Lateefa Okunnu of the Lagos High Court, Ikeja, on Thursday December 13, 2012, sentenced one Akinyemi Idowu Jegede to seven years imprisonment.
The convict was prosecuted by the Economic and Financial Crimes Commission, EFCC, on a two count amended information dated March 1, 2011.The accused was said to have obtained by false pretence the sum of N27, 692,500 (Twenty Seven Million, Six Hundred and Ninety Two Thousand Five Hundred Naira) contrary to section 1(3) of the Advance Fee Fraud and Other Fraud Related Offences Act No 14 of 2006.
Esai Dangabar, one of the six accused persons being prosecuted by the Economic and Financial Crimes Commission, EFCC, on a 16 criminal charges bordering on conspiracy and criminal breach of trust for their role in defrauding the Police Pension Office to the tune of N32.8 Billion naira (Thirty Two Billion, Eight Hundred Million Naira), was on Thursday December 13, 2012, arrested for interfering with the properties which the court had ordered forfeited to the federal government.
Embattled businessman and Chairman of Bi-Courtney Highway Services Limited, Dr. Wale Babalakin today lost his bid to stop the Economic and Financial Crimes Commission, EFCC, from arraigning him before a Lagos High Court, Ikeja on money laundering charges.