The Economic and Financial Crimes Commission, EFCC has declared the Chairman of Bi-Courtney Highway Services Limited, Wale Babalakin wanted in connection with a case of Criminal Conspiracy and Money Laundering to the tune of N4.7billion.
After two failed attempts, embattled businessman and Chairman of Bi-Courtney Highway Services Limited, Olawale Babalakin today, January 17, 2013, took his plea on a 27-count criminal charge that borders on conspiracy to commit felony, corruptly conferring benefit on account of public action and retention of proceeds of a criminal conduct to the tune of N4. 7 Billion.
A Federal High Court sitting in Kano has convicted a currency courier, Bashir Abdu who was prosecuted by the Economic and Financial Crimes Commission, EFCC, for not declaring the $130,000 found on him at the Mallam Aminu Kano International Airport on his way to the United Arab Emirates.
The Head, Special Control Unit against Money Laundering (SCUML) of the Economic and Financial Crimes Commission (EFCC), Angela Nworgu, on Thursday January 17, 2013 paid a courtesy visit to the President of the Nigerian Bar Association (NBA) Okey Wali, SAN, at the NBA office, Abuja.
The Economic and Financial Crimes Commission, EFCC, on Wednesday January 16, 2013, presented its first witness in the on-going trial of Nadabo Energy Limited and Abubakar Ali Peters who are being prosecuted over a N1.5billion subsidy scam before Justice C. A. Balogun of the Lagos High Court, Igbosere.
The Economic and Financial Crimes Commission, EFCC, on Wednesday, January 16, 2013 arraigned one Gabriel Inwunoba and Tag Bureau De Change Limited before Justice Adeniyi Onigbanjo of the Lagos State High Court Ikeja on a two count charge bordering on intent to defraud and conspiracy to steal the sum of N7, 600, 000 .00 (Seven Million, Six Hundred Thousand Naira) belonging to Nairs Supermarket Limited.
The arraignment of Aminu Lamido, son of Jigawa State governor, Sule Lamido before a Federal High Court, Kano could not go on today as scheduled following the absence of trial judge, Justice Shehu Yahaya.
Justice A.R. Muhammed of the Federal High Court, Abuja today granted the application by the Economic and Financial Crimes Commission, EFCC for an extension of the interim order of attachment granted it to take possession of 48 properties of former governor of Bayelsa State, Timipre Sylva. The initial order granted on December 21, 2012, was for 14 days.
A Federal High Court sitting in Kano today convicted one Umar Musa Kibiya who was prosecuted by the Economic and Financial Crimes Commission, EFCC for failing to declare the money on him to the Customs at the Mallam Aminu Kano International Airport. The convict was arrested for failing to declare the $80,000 (eighty thousand United States Dollars) found on him. He only declared $40,000 to Customs.
The Central Command of the Nigerian Navy, Yenegoa, Monday, 14th January, 2013 handed over twenty three suspected oil thieves to the Economic and Financial Crimes Commission, EFCC for further investigation and prosecution. The suspects, who were arrested in two separate operations on the 19th and 25th November, 2012 comprise ten Indian nationals and thirteen others.