ASHENEWS reports that the Economic and Financial Crimes Commission (EFCC) has secured the conviction of some top executives of the Nigeria National Petroleum Corporation Limited (NNPC) over money laundering.
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One of the counts reads: “That you, Peter Nwaoboshi and Golden Touch Construction Projects Limited, between May and June, 2014, within the jurisdiction of this honourable court, did acquire a property described as Guinea House, Marina Road, Apapa, Lagos, for the sum of N805million, when you reasonably ought to have known that the sum of N322 million out of the purchase price transferred to the vendors by order of Suinming Electricals Limited formed part of the proceeds of an unlawful activity of fraud and you thereby committed an offence contrary to Section 15(2) (d) of the Money Laundering Prohibition Act of 2011(as amended) and punishable under Section (15)(3) of the same Act.”
ASHENEWS reports that the Economic and Financial Crimes Commission (EFCC) has arrested a manager of one of the commercial banks in Abuja, for hoarding the redesigned naira notes.
ASHENEWS reports that operatives of the Economic and Financial Commission (EFCC), on Monday arrested an operations manager of a leading commercial bank in the Abuja Central Area.
The Chairman of the Economic and Financial Crimes Commission (EFCC), Abdulrasheed Bawa on Tuesday, presented Nigeria’s statement at the ongoing…
The Independent National Electoral Commission (INEC) has tasked Nigerians to reject possible inducements by money bags trying to buy their…
The Federal High Court in Abuja on Monday jailed former senior special assistant on public affairs to Ex-President Goodluck Jonathan,…
The EEconomic and Financial Crimes Commission (EFCC) has reacted to claims in the media and linked to Olisa Agbokoba, SAN…
The Chairman of the Economic and Financial Crimes Commission (EFCC), Abdulrasheed Bawa has disclosed that his commission has recovered N134.3…
The Oyo State High Court has sentenced 26 cybercriminals operating in Oyo and Ogun states to various terms ranging from…