Three senior officials of the Nigerian Railway Corporation (NRC) were on Wednesday arraigned before the Lagos State High Court sitting in Ikeja over alleged fraud, corruption and money laundering amounting to over N2.04bn. The defendants are Felix Njoku, a former Director of Finance of the NRC; Benjamin Chinwuba Iloanusi, currently a Director in the corporation’s…
Justice Maryam Sabo of the Kano State High Court sitting in Kano has convicted and sentenced Ebonine Rita Uzoamaka to seven years imprisonment for obtaining the sum of N5.6million by false pretence. The convict was arraigned on August 18, 2021, on five-count charges of dishonest misappropriation of funds totaling N5,600,000.00 Uzoamaka bagged her imprisonment when…
Justice Mojisola Dada of the Special Offences Court sitting in Ikeja, Lagos, on Wednesday, admitted in evidence more documents tendered by the Economic and Financial Crime Commission, EFCC, in the alleged N76bn, $31.5m fraud trial involving a former Managing Director of the Asset Management Corporation of Nigeria (AMCON), Ahmed Kuru, and others. Kuru, alongside Kamilu…
Justice F.E. Messiri of the Federal Capital Territory, FCT, High Court, Abuja on Thursday convicted and sentenced a former Managing Director, Nigerian Export Import Bank, NEXIM to 490 years imprisonment for bank fraud. The convict was arraigned in 2021 by the Economic and Financial Crimes Commission, EFCC on a 49-count charge, bordering on obtaining money…
The Economic and Financial Crimes Commission, EFCC, Uyo Zonal has arraigned Victor Ekpong Thompson before Justice Maureen Adaobi of the Federal High Court sitting in Uyo for allegedly defrauding some Americans the sum of $525. 276 (Five Hundred And Twenty Five Thousand, Two Hundred And Seventy Six United States Dollars). Thompson was arraigned on eight-count…
The Economic and Financial Crimes Commission, EFCC, on Tuesday, arraigned the former National Coordinator of Multi-Sectoral Crisis Recovery Project, MCRP, North East Development Commission, NEDC, Alhaji Danjuma Mohammed and two others; Prince Achem and Aminu Alhaji (at large) before Justice K. N Ogbonnaya of the Federal Capital Territory Court, Zuba, Abuja for an alleged N2.28bn…
The Nigeria Police Force – National Cybercrime Centre (NPF–NCCC) has uncovered and dismantled a sophisticated cyber-enabled fraud syndicate. The syndicate was responsible for the illegal diversion of a telecommunications company’s airtime and data resources, resulting in an estimated financial loss of over N7.7 billion. The breakthrough followed a petition by a Nigerian telecommunications company, which…
Justice Modupe Nicole-Clay of the Lagos State High Court sitting in Ikeja, Lagos, has convicted one Victor Ogiemwonyi and his company, Partnership Securities Limited, for stealing the sum of N953,535,861.57 (Nine Hundred and Fifty-Three Million, Five Hundred and Thirty-Five Thousand, Eight Hundred and Sixty-One Naira, Fifty-Seven Kobo) and $80,000.00 (Eighty Thousand United States Dollars). The…
The Economic and Financial Crimes Commission (EFCC) has indicted a new generation bank and six micro-finance and fintech firms in the alleged fleecing of Nigerians over N18 billion. The frauds were said to have been perpetrated by a foreign national in connivance with some young Nigerians through an airline discount scheme and a bogus investment…
The Economic and Financial Crimes Commission (EFCC), Lagos Zonal Directorate 1, on Tuesday, arraigned one Sarumi Samusudeen Babafemi for an alleged N206million fraud before Justice Rahman Oshodi of the Special Offences Court sitting in Ikeja, Lagos. Babafemi alongside his companies, 606 Autos Limited, 606 Music Limited, and Splash Off Entertainment Limited, were arraigned on a…
