The Nigerian Financial Intelligence Unit, NFIU has received special commendation for its commitment to the fight against money laundering and terrorist financing.
A Federal High Court sitting in Yenegoa, Balyesa State has convicted three Indian nationals, Sailesh Kumar Singh, (the Captain of the vessel), Chadrashekar Sharma and Ajay Bhatiya, owner of the vessel MT Akshay, (still at large) to fifteen years imprisonment for offenses that borders on oil theft.
Justice Oluwatoyin Ipaye of the Lagos High Court, Ikeja has dismissed an application for bail by suspected serial fraudster, Mr. Fred Ajudua, who is facing trial for $8.4million scam.
The Economic and Financial Crimes Commission, EFCC, has arraigned the duo of Nnanna Kalu, 26 and Ukaegbu Arisa Oti, 27, before Justice F. A. Olubanjo of the Federal High Court Umuahia, Abia State on a 28-count charge bordering on obtaining money by false pretence and forgery.
Justice Muhammad Garba Umar of the Federal High Court, Bauchi today convicted an sentenced Ahmad Adamu, a 25-year-old native doctor from Tilden Fulani, Toro Local Government Area of Bauchi State to 12 years imprisonment after he pleaded guilty to a two count charge of obtaining by false pretence brought against him by the Economic and financial Crimes Commission.
The Economic and Financial Crimes Commission, EFCC has faulted the claim by Mr. Godwin Adeolu Dania, former Private Secretary to ex- governor of Edomite State, Mr. Lucky Igbinedion that he was not aware that the former governor took loans or guaranteed some loans for Gava Corporation.
The Economic and Financial Crimes Commission, EFCC, on May 5, 2014 arraigned one Enekwechi Raymond Onyimba before the Chief Judge of Enugu State High Court, Justice I. A Uwazulike on a 2- count charge of criminal diversion of fund and obtaining money by false pretence.
The Economic and Financial Crimes Commission, EFCC, on Monday May 5, 2014, arraigned one Lebechi Chinedu, before Justice B.O Quadri of the Federal High Court, Port Harcourt on a 2-count charge bordering on obtaining money by false pretence.
A former Oyo State Head of Service, Mrs Kudirat Iyabo Adeleke and eleven other suspects implicated in a N5.6Billion pension fraud, were today re-arraigned by the Economic and Financial Crimes Commission, EFCC, before Justice Adegboye Gbolagunte of Oyo State High Court, Ibadan on charges bordering on conspiracy, stealing and criminal breach of trust.
Justice Lawal Akapo of the Lagos High Court, Ikeja on Friday, May 2nd, 2014, told a former managing director of defunct Intercontinental Bank, now Access Bank, Mr. Erastus Akingbola and his associate, Mr Bayo Dada, that they have a case to answer. He therefore dismissed two separate applications filed by the defendants, seeking to quash the N47.1 billion theft charge preferred against them by the Economic and Financial Crimes Commission, EFCC, for lack of merit.