Browsing Tag
Money Laundering
16 posts
Lagos Federal High Court Sentences Four Individuals for $5.3 Million Money Laundering
A Federal High Court in Lagos has convicted four individuals for their part in a $5.3 million money laundering scheme, ordering prison time and financial forfeitures.
Adedayo Fateru Sentenced to Over Seven Years for $1.7 Million Money Laundering Operation
A Nigerian national residing in the U.S. has been sentenced to 87 months in prison for his lead role in a sophisticated $1.7 million money laundering ring.
EFCC Defends Authority to Temporarily Block Bank Accounts Without Judicial Orders
The EFCC maintains that it can legally place a 72-hour hold on bank accounts without a court order, citing specific statutory provisions to justify its recent action against an Osun State Government account.
Federal Court Sentences Money Laundering Facilitator and BDC Operators
A Federal High Court judge has sentenced a money laundering intermediary to four years in prison while also penalizing four BDC operators for illegal currency exchange activities.
Abuja Court Rejects Request to Adjust N2 Billion Bail for Miyetti Allah President
A Federal High Court judge has denied an application from Miyetti Allah president Bello Bodejo to reduce his N2 billion bail requirements, citing time constraints before the court's annual break.
Abuja Court Directs EFCC to Apprehend Estate Agent Rebecca Omokamo
Justice Joyce Abdulmalik ordered the EFCC to arrest and produce Abuja estate agent Rebecca Omokamo in court after she failed to attend her fraud and money laundering trial, citing a dispute over her alleged self-imposed house arrest.
Abuja Court Sets ₦500m Bail for Former Warri Refinery MD in Money Laundering Suit
A Federal High Court in Abuja has granted ₦500 million bail to former Warri Refinery MD Jimoh Yisawu, who is facing trial for alleged money laundering involving over $789,950.
Former Warri Refinery Chief Yisawu Granted N500m Bail in Money Laundering Case
Former Warri Refinery MD Jimoh Yisawu has been granted N500 million bail by an Abuja court following charges of money laundering brought by the EFCC.
Abuja Court Sets N2 Billion Bail for Miyetti Allah Leader Bello Bodejo
Justice Inyang Ekwo of the Federal High Court in Abuja has granted N2 billion bail to Miyetti Allah leader Bello Bodejo, who is standing trial for alleged money laundering.
Federal Court Mandates Final Forfeiture of 48 Properties Linked to Former Justice Minister Abubakar Malami
A Federal High Court in Abuja has ordered the final forfeiture of 48 properties tied to former Justice Minister Abubakar Malami, citing concerns over their acquisition through suspected criminal proceeds.