Tag: #FinancialCrime
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ANAMBRA COURT JAILS ORIENT PETROLEUM MD, FOUNDATION 14 YEARS OVER FRAUD
After a decade-long trial, the gavel has finally fallen. Justice O.M. Anyachebelu of the Anambra State High Court, Awka, has convicted and sentenced Mr. Nnaemeka Nwawka, Managing Director of Orient Petroleum Resources Plc, and the Registered Trustees of Sage Nebefeife Foundation to 14 years imprisonment each over fraud linked to N25 billion investments. The conviction…
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EFCC WITNESS TESTIFIES ON $3 MILLION TRANSFER IN SUNTRUST BANK MONEY LAUNDERING TRIAL
A key EFCC witness revealed in Abuja court that he transferred $3 million into Mrs. Aisha Achimugu’s company account linked to the ongoing $12 million money laundering trial involving SunTrust Bank’s Managing Director Halima Buba and Executive Director Innocent Mbagwu. Trinity Usman, a Bureau De Change operator, admitted handling the cash transactions through his oil…
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FCC CALLS FOR STRONGER PARTNERSHIP WITH CSOs AND MEDIA TO FIGHT CYBER AND FINANCIAL CRIMES
The Economic and Financial Crimes Commission (EFCC) is urging civil society organizations and media to join forces in combating Nigeria’s rising cyber and financial crimes. Sa’ad Hanafi-Sa’ad, EFCC’s Kano Acting Zonal Director, emphasized their vital role as “critical drivers of change” in raising awareness and holding power accountable. At a workshop for CSOs and journalists,…
