Tag Archives: Money Laundering

EFCC Arrests Social Media Celebrity, Mompha For Alleged Internet Fraud and Money Laundering

The Economic and Financial Crimes Commission (EFCC), Lagos zonal office, has arrested a social media celebrity, Ismaila Mustapha, popularly known as Mompha, for alleged involvement in Internet fraud and money laundering. At the point of arrest, five wristwatches with a total value of over N20m was claimed to have been recovered from him. The anti-graft…

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Sowore Arrives Court With “#RevolutionNow” Chants

Omoyele Sowore, the convener of the #RevolutionNow protest has arrived the Federal High Court in Abuja over an alleged conspiracy to commit treason, money laundering and other sundry offences instituted against him by the Federal Government. Sowore arrived the fourth floor of the court edifice chanting ‘Revolution,’ with his waiting followers completing the slogan with…

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EFCC Takes Ex-INEC Chairman Maurice Iwu To Court Over Alleged N1.2bn Scam

The Economic and Financial Crimes Commission, (EFCC), is set to arraign a former Chairman of the Independent National Electoral Commission, (INEC), Prof. Maurice Iwu for alleged money laundering. According to The Guardian, It was gathered that Iwu will be arraigned at a federal High Court, sitting in Lagos on a four-count charge bordering on money…

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Doyin Okupe Charged For Alleged Money Laundering By EFCC

The Economic and Financial Crimes Commission (EFCC) has filed 59 charges against a former Senior Special Assistant to the President on Public Affairs, Dr. Doyin Okupe. According to the Guardian report states that the charges bordered on alleged fraud, and arms money he received from Office of the National Security Adviser (ONSA). Sources disclosed yesterday…

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NBA President Paul Usoro Arrives Federal High Court In Lagos For Arraignment

Paul Usoro, President of the Nigerian Bar Association (NBA), has arrived the Federal High Court in Lagos for his scheduled arraignment. He arrived the court on Monday morning. The Economic and Financial Crimes Commission (EFCC) had filed a ten-count charge against Usoro on allegations of money laundering. EFCC’s allegations against Usoro relate to converting to personal…

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Money Laundering: EFCC Places Fayose On Watch List

On Saturday, 15th September 2018 the Economic and Financial Crimes Commission (EFCC) announced that it had placed Ekiti State Governor, Mr. Ayodele Fayose, on the watch-list. This was contained in a letter written and signed by Chairman of the Commission, Mr. Ibrahim Magu, to the Comptroller-General of Customs dated September 12, 2018 titled: “Request for…

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UPDATE! Zenith Bank Confirms EFCC Arrest Of GMD, Peter Amangbo

Zenith Bank confirms that it’s Group Managing Director, Peter Amangbo, is in the custody of the Economic and Financial Crimes Commission (EFCC). (See previous post here). The bank released a statement signed by its Head of Corporate Communication, Victor Adoji, on Tuesday claiming Amangbo was “invited”(although reports reaching us say he was indeed arrested) by the anti-graft agency in relation…

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EFCC Files Charges Against Fani-Kayode, Former Finance Minister

  The Economic and Financial Crimes Commission (EFCC) has filed a 17-count charge against former Minister of Aviation, Femi Fani-Kayode, at the Federal High Court, Lagos, for an alleged fraud of N4.6 billion, reports The Guardian. Fani-Kayode, who was the spokesperson for former President Goodluck Jonathan’s campaign organisation in the 2015 general election, is being…

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