The Nigeria Police Force have accused Sterling Bank Limited and its holding company, Sterling Financial Holdings Company of money laundering, fraudulent deductions and other financial crimes. This was contained in a report presented to the House of Representative Committee on Public Petition during the hearing of a petition by Maiden Systems Ltd against Sterling Bank,…
Waziri The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has secured the conviction of Lukumanu Sani Waziri, an accountant at Usmanu Danfodiyo University Teaching Hospital (UDUTH), Sokoto, for diverting over N60 million public funds through unauthorized access to the Government Integrated Financial Information System (GIFMIS). Waziri was arraigned in 2021 alongside two others…
The Economic and Financial Crimes Commission, EFCC, has arraigned the former Managing Director of Asset Management Cooperation of Nigeria, AMCON, Ahmed Kuru, for allegedly defrauding Arik Air. Mr Kuru and four others on Monday appeared before Ikeja Special Offences Court for alleged N76 billion and $31.5 million fraud, respectively. The other defendants are former Receiver…
Bisi Onasanya Bisi Onasanya, a former Group Managing Director (GMD) of First Bank, has fought back the claims by the Economic and Financial Crimes Commission (EFCC) that he and three others helped themselves with the account of First Bank during his tenure as GMD of the bank. Recall on Thursday, the EFCC, filed charges against…
The presidency on Saturday confirmed Peoples Gazette’s report that former President Muhammadu Buhari appeared before a court in Paris over $6 billion Mambilla power project fraud. It however claimed that Buhari appeared in the arbitration proceeding in Paris of his own volition. Citing sources familiar with the development, Peoples Gazette reported that, “Buhari was hauled…
Justice Ijeoma Ojukwu of the Federal High Court, Calabar, on Monday January 13, 2025 convicted and sentenced Olufunsho Dayo Chevy , Uwem Udo Nya to various jail terms for oil theft alongside a vessel, MT New Angel and a company, Edi Eurolink Distribution. They were prosecuted by the Uyo Directorate of the Economic and Financial…
The suspended Senior Special Assistant (SSA) to the Governor of Delta State, Sheriff Oborevwori on Morals and Diaspora Affairs, Ms. Favour Obakoro, has been arrested in Abuja by the police Recall that Ms. Obakoro, popularly known as Vida Modelo was alleged to have used her government position to fraudulently obtain money from different individuals with…
The Federal High Court in Abuja has granted former Accountant-General of the Federation (AGF), Chukwunyere Anamekwe Nwabuoku, bail in the sum of N500 million. The development comes as Nwabuoku faces charges of alleged N1.96 billion fraud. Justice James Omotosho, in his ruling, stipulated that Nwabuoku’s bail be secured with two sureties, each providing a guarantee…
The Economic and Financial Crimes Commission, EFCC, on Monday, January 13, 2025 presented four more witnesses in the ongoing trial of former Minister of Power, Saleh Mamman before Justice James Omotosho of the Federal High Court, Abuja. Mamman is being prosecuted by the EFCC on a 12-count charge bordering on conspiracy to commit money laundering…
Aggrieved professors from the University of Abuja (UNIABUJ) have called for the investigation of over N3 billion alleged fraud uncovered by a report of the 2021 Presidential Visitation Panel to the university for the 2019/2020 academic session. This is as dust over the appointment of Prof. Aisha Maikudi as Vice-Chancellor of the university is yet…
