Head of the Special Control Unit against Money Laundering, SCUML, Angela Nworgu has revealed that Non Governmental Organizations, NGOs now serve as conduit for money laundering and sponsorship of criminal activities.
Justice Lateefat Folami of the Lagos High court today refused to grant the application brought by Mahmud Tukur, Ochonogor Alex and Abdulahi Alao to have their travelling document released to them.
The Economic and Financial Crimes Commission, EFCC, on Thursday, August 23, 2012 arraigned two staff of Starcomms Plc before a Federal High Court sitting in Ibadan, Oyo State over recharge card scam to the tune of Twenty Eight Million Naira (N28, 000,000.00). Joshua Ogunlowo Olugbenga and Akinleye Adeyemo, Starcomms' Head of Administration and Accountant respectively, were arraigned before Justice O.A Boade on a five count charge bordering on intent to defraud and conspiracy to obtain Starcomms products by false pretence.
The Economic and Financial Crimes Commission, EFCC, on August 15, 2012 took possession of an illegal oil bunkering vessel suspected to be carrying 300 metric tonnes of illegally refined Automotive Gas Oil also known as diesel. The vessel, MT Ocean Treasure, alongside eight crew members and three staff of Vital Shipping Limited, Apapa, owners of the vessel, were handed over to officials of the Commission.
The quest for diligent prosecution of financial crime and corruption case received a boost recently with a workshop for prosecutors and investigators drawn from the main anti -graft agencies in Nigeria. The workshop which was organized by the British Department for International Development, DFID and Justice For All in collaboration with the Economic and Financial Crimes Commission attracted participants from the Independent Corrupt Practices and Other Related Offences Commission, EFCC, Code of Conduct Bureau and the Nigerian Financial Intelligence Unit.
The relentless campaign by the Special Control Unit against Money Laundering for compliance with anti-money laundering regulations by Designated Non-Financial Institutions has received a boost with a directive by the Central Bank of Nigeria , making registration with SCUML a key Know Your Customer requirement for opening accounts for DNFIs in financial institutions.
Justice Sa'ad Mohammed of the Gombe State High Court, Gombe on Friday August 10, 2012, sentenced one Oluwaseun Abatan, a 34-year-old graduate of Quantity Surveying, to 28 years imprisonment.
Abatan who was first arraigned on 18th June, 2009 was convicted on four of the eight count charge of forgery and obtaining by false pretence brought against him by the Economic and Financial Crimes Commission.
The Economic and Financial Crimes Commission, EFCC, on Wednesday, August 8th, 2012, arraigned three officials of Keystone Bank (formerly Bank PHB): Anayo Nwosu, Olajide Oshodi and Sunny Obaze alongside the managing director of Nulec Industries Limited, Ashok Isran before Justice Habeeb Abiru of the Lagos State High Court sitting in Ikeja over an Eight Hundred and Fifty Five Million Naira (N855, 000,000.00) scam.
Specifically, the suspects were arraigned on a two count charge bordering on conspiracy to obtain the said sum from one Sir Daniel Chukwudozie of Dozzy Oil & Gas Limited under the false pretence of paying for preference shares of Nulec Industries Limited in an upcoming Initial Public Offer. Nulec Industries Limited and Keystone Bank were also separately charged with the suspects.
The attention of the Economic and Financial Crimes Commission, EFCC has been drawn to a report which appeared in Thisday Newspaper of Tuesday, August 7th, 2012 with the banner, Subsidy: EFCC Suspends Arraignment of Marketers. The report suggests that the Commission has, following political pressure, suspended further arraignment of oil marketing companies and their directors suspected to have been involved in the fuel subsidy scam. The Commission views the suggestion as a distasteful misrepresentation of the reality on ground.
The Economic and Financial Crimes Commission, EFCC on August 3, 2012 arraigned Jonathan Udeagbala and his company, Lynq Communications Limited before Justice B. O Oluwayemi of the Lagos High court, Igbosere on a four count charge bordering on stealing, obtaining by false pretence and issuing dud cheques.
One of the charges read: "that you, Jonathan Udeagbala and Lynq communications Ltd, between September, 2009 and September, 2010 at Lagos within the Lagos Judicial Division, with intent to defraud, stole by fraudulently converting to your own use, the aggregate sum of N106, 250,000 (one hundred and six million, two hundred and fifty thousand naira) properties of Victory Electronics Company Limited and Fakwe Investments Limited".
When the two charges were read to Udeagbala and his company, he pleaded not guilty to them.