The European commission added Saudi Arabia, Panama, Nigeria and other jurisdictions to a blacklist of nations seen as posing a threat because of lax controls on terrorism financing and money laundering, the E.U. executive said on Wednesday. The move is part of a crackdown on money laundering after several scandals at E.U. banks but has been criticized by several E.U. … Continue reading EU Reveals Terrorism Financing, Money Laundering Blacklist, 23 Nations
Two men have been intercepted carrying $2.8million in cash at Akanu Ibiam International Airport, Enugu. The men were arrested by the officials of the Economic and Financial Crimes Commission, Enugu Zone. The suspects, identified as Ighoh Augustine and Ezekwe Emmanuel, claimed to be workers of Bankers Warehouse. The EFCC said the two men concealed the … Continue reading Two Men Caught With $2.8m Cash At Akanu Ibiam International Airport, Enugu
High street banks in the United Kingdom could have helped fuel corruption in Nigeria by accepting millions of dollars in deposits from dubious politicians in the west African nation, an international corruption watchdog said. In a 40 page report released on Sunday, Global Witness said that five leading banks have failed to adequately investigate the … Continue reading Five Leading UK Banks Aided Corruption In Nigeria – Al-jazeera
A 38-year-old Nigerian woman, Chidinma Solomon, yesterday appeared at a Badagry Magistrates’ Court in Lagos for alleged theft of N23. 6 million from a man under the guise of helping him to send it to Turkey. Chidinma is facing a three-count charge of stealing, obtaining by false pretences and issuance of dud cheques, but she pleaded not … Continue reading Lagos: Woman Charged To Court Over N23.6 Million Theft.
The Presidency is unhappy with the prediction of banking giant HSBC about the Nigerian economy if President Muhammadu Buhari gets a second term. The Presidency has condemned multinational banking and financial services company HSBC for predicting that a second term for President Buhari would stunt Nigeria’s economy and demanded that the company should stop doomsday … Continue reading Presidency Blasts HSBC, Accuses Banking Giant Of Aiding Looters
Kingsley Otuya, a 34-year-old Nigerian national, was sentenced to 11 years in federal prison for his role in fraud, money laundering and romance schemes in Austin, Texas that netted over $1 million. One of the victims of Kingsley Otuya killed herself after losing hundreds of thousands of dollars and being "emotionally devastated" by the romance … Continue reading U.S Government Sentenced A Nigerian Man To 11 Years In Prison For Fraud
A Federal high court sitting in Abuja on Monday granted N200m bail to Sambo Dasuki, former national security adviser (NSA). It would be recalled that Dasuki was arrested by operatives of the Department of State Services (DSS) and has been in detention since December 29, 2015. The court granted him a N200 million and two … Continue reading Court Grants Ex- NSA, Sambo Dasuki Bail