Tag: #MoneyLaundering
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KOGI GOV’S COS, CO-DEFENDANT TO KNOW FATE IN N10BN FRAUD CASE MARCH 18
High-stakes decision looms for Ali Bello and co-defendant. The Federal High Court in Abuja has set March 18 for the ruling in the trial-within-trial for Ali Bello, Chief of Staff to Kogi Governor Usman Ododo, and co-defendant Dauda Suleiman, over alleged N10 billion money laundering. The mini-trial examined whether the extra-judicial statements made by the…
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MALAMI, WIFE, SON REMANDED OVER N8.7BN MONEY LAUNDERING CHARGES
Ex-AGF Abubakar Malami and family back in custody as EFCC case kicks off afresh. The Federal High Court in Abuja on Friday ordered Abubakar Malami, his wife Asabe Bashir, and son Abdulaziz to be remanded in correctional centres pending the hearing of their bail applications in an alleged N8.7 billion money laundering case. Malami and…
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COURT FIXES JAN. 7 FOR RULING ON MALAMI, WIFE, SON’S BAIL IN MONEY LAUNDRING CASE
A Federal High Court in Abuja has scheduled January 7 for ruling on bail applications by former Attorney-General Abubakar Malami SAN, his wife Bashir Asabe, and son Abubakar Abdulaziz in an EFCC money laundering probe. Justice Emeka Nwite set the date after counsels Joseph Daudu SAN (defence) and Ekele Iheanacho SAN (EFCC) adopted processes and…
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EFCC INVESTIGATOR TESTIFIES THAT EMEFIELE’S NAIRA REDESIGN CAUSED HARDSHIP FOR NIGERIANS
During the ongoing trial of former Central Bank of Nigeria (CBN) Governor Godwin Emefiele, EFCC investigator Chinelo Eneanya testified that the bank’s naira notes redesign in 2022 led to significant economic hardship for Nigerians. She told Abuja high court that video evidence from the investigation showed widespread frustration and difficulty meeting daily needs due to…
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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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FEDERAL HIGH COURT TRANSFERS EFCC MONEY LAUNDERING CASE AGAINST MELE KYARI FOR REASSIGNMENT
Justice Emeka Nwite sends EFCC’s case on ex-NNPC GMD Kyari to registry amid ongoing investigations. Justice Nwite ordered the transfer of the EFCC’s money laundering case against former NNPC GMD Mele Kyari to the court registry for reassignment. The EFCC had secured a temporary freeze on four Jaiz Bank accounts linked to Kyari while probing…
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EFCC ARRESTS FORMER SOKOTO GOVERNOR AMINU TAMBUWAL OVER N189BN FRAUD ALLEGATIONS
The EFCC has detained ex-Sokoto State Governor Aminu Tambuwal at its Abuja headquarters over alleged fraudulent withdrawals totalling N189 billion. Accused of violating the Money Laundering (Prevention & Prohibition) Act, 2022, Tambuwal—who served as governor from 2015 to 2023 and is now a senator—is currently under intense interrogation. The EFCC spokesperson has yet to comment…
