Tag: Fraud
Alleged N110.4bn Kogi Fraud: Witness narrates how KIRS paid over er N1bn as commission to Philip Kumar
The trial of former Kogi State Governor, Yahaya Adoza Bello, continued on Friday January 16, before Justice Maryanne Anineh of the Federal Capital Territory, FCT, High Court, Maitama, Abuja, with a prosecution witness narrating how the Kogi State Internal Revenue Service, KIRS, allegedly paid over N1.16 billion as “commission” into a Sterling Bank account belonging…
Alleged N33.2b arms procurement fraud: How funds flowed from ONSA account to private individuals – Witness
Dasuki The First Prosecution Witness, PW1, Dr. Michael Adariku in the trial of a former National Security Adviser, Colonel Sambo Dasuki (retd) and four others before Justice C.O. Agbaza of the FCT High Court, Maitama, Abuja on Wednesday, January 14, 2026 continued his evidence-in-chief with a further breakdown of the flow of funds from the…
Court jails man two years for N48.9m theft, orders restitution, name to be enrolled in ‘offenders registry’
Justice Rahman Oshodi of the Special Offences Court sitting in Ikeja, Lagos, on Monday, convicted and sentenced one Olawale Solomon Faleti, a former employee of the Lagos State Ministry of Education, to two years and five months imprisonment for N48.9million theft. Investigation revealed that Faleti, who maintained several accounts with one of the new generation…
Company accuses UBA of cloning signatures, corporate resolutions to open, operate secret account
United Bank for Africa PLC (UBA) has been accused of secretly opening and operating a “ghost” corporate account in a customer’s name. The account was said to have been used to channel over N5 billions, secured a N2 billion loan, and left the company’s managing director facing the Economic and Financial Crimes Commission, EFCC, interrogation…
US govt indicts Nigerian, five others over alleged $41m fraud
US prosecutors have indicted Izunna Okonkwo, a dual US-Nigerian citizen, and five other defendants over an alleged $41 million insider-trading and stock-manipulation scheme said to have spanned nearly four years. In a statement issued on Sunday, the US Department of Justice said a federal grand jury returned the charges on Friday, accusing the defendants of…
FG files 8-count charge against former Anambra governor, Ngige, to be arraigned Friday (today)
The Economic and Financial Crimes Commission (EFCC) has filed a eight-charge against the former Governor of Anambra State and Minister of Labour and Employment, Chris Ngige. He is to be arraigned Friday (today) at the FCT High Court, Abuja. Dated 31st October 2025, Charge No: FCT/HC/CR/426/2025, the count bordered on confering unfair advantage by awarding…
EFCC files fraud charges against former Anambra governor Chris Ngige (with photos)
Former Anambra State governor, Chris Ngige, has been charged over infractions committed during his time Labour and Productivity Minister under the administration of late Muhammad Buhari. The charges were filed at the FCT High Court, Abuja, Thursday. He was arrested in Abuja late Wednesday raising concerns that he may have been kidnapped. Ngige was said…
FBI links Nigerian tech founder Izunna Okonkwo to alleged N59.5bn ($41m) fraud
The Federal Bureau of Investigation (FBI) has identified Izunna Okonkwo, the Pastel tech start-up co-founder who made the Forbes 30-under-30 list in 2023, as a person of interest and co-conspirator in an insider trading and money laundering scheme that generated $41 million (approximately N59.5 billion) in illegal profit over five years. According to Peoples Gazette,…
Alleged N3.6bn fraud: Ex-NDDC Director, Tuoyo Omatsuli knows fate March 3
Justice D. E. Osiagor of a Federal High Court sitting in Ikoyi, Lagos, on Friday,, adjourned till March 3, 2026 for judgment in the alleged N3.6bn fraud, involving a former Executive Director, Projects, Niger Delta Development Commission (NDDC), Tuoyo Omatsuli. Omatsuli is standing trial alongside Don Parker Properties Limited, Francis Momoh, and Building Associates Limited…