Tag: money laundering
Gambaryan Names Three Lawmakers in Alleged Binance Bribery Scandal
Tigran Gambaryan, a former U.S. federal agent and Binance executive, has accused three Nigerian lawmakers of demanding a…
US Supreme Court Removes Hurdle to Anti-Money Laundering Law
In a significant decision, the U.S. Supreme Court on Thursday declined to block the enforcement of the Corporate…
ICPC Charges Ex-Governor El-Rufai’s Former Aide with Corruption and Money Laundering
The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has brought a five-count charge against Jimi Lawal,…
ICPC Charges El-Rufai’s Former Chief of Staff and Finance Officer with Money Laundering
The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has arraigned Alhaji Muhammad Bashir Saidu, the former…
Court Sentences Nigerian Internet Fraudster ‘Young Billionaire’ To 2 Years In Prison For $345,000 Fraud
The Federal High Court in Maitama, Abuja, has sentenced Chima Hyginus Nkwocha, popularly known as "Young Billionaire," to…
Nigerian Police Arrest Hacker Who Stole Over N1 Billion from Enugu Government’s Coffers
The Nigeria Police Force has arrested a notorious hacker, Onuma Osita, who allegedly infiltrated the financial system of…
Court Orders Forfeiture of $378,000, Maybach in Money Laundering Case
The recent ruling by the Federal High Court in Abuja underscores Nigeria’s ongoing efforts to combat corruption and…
U.S. Appeals Court Pauses Enforcement of Anti-Money Laundering Law
The 5th U.S. Circuit Court of Appeals in New Orleans has temporarily halted enforcement of the Corporate Transparency…
PIDOMNigeria Trial Postponed Due to Judge’s Absence
The Federal High Court in Abuja has postponed the trial of Isaac Bristol, a social media influencer known…
UNDERSTANDING THE CONCEPT OF MONEY LAUNDERING
Money Laundering is a problem of the Past, Present and the Future because it breathes life toorganized crimes.…
Former CBN Secretary Testifies on Fund Transfers Directed by Emefiele in Ikeja Court
In a significant revelation during a court trial at the Ikeja Special Offences Court, John Ogah, a former…
Court Orders Release of Binance Executive Tigran Gambaryan
Adagba explained that the Binance Executive condition had worsened, with the National Correctional Service (NCoS) reporting that he…