EFCC
Court Convicts Seven for Cyber-Fraud in Ibadan
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- Written by Chinonso Igwe
The Economic and Financial Crimes Commission, EFCC, Ibadan Zonal Command, on Monday, November 15, 2021 secured the conviction of seven internet fraudsters before Justice Uche Agomoh of the Federal High Court sitting in Ibadan, Ogun State.
The convicts are Williams Ikechukwu Williams, Aizoba Opeyemi Stephen, Damilare Godwin Asore, Basit Oladeji Bamidele, Babajide Oluwapelumi Bolaji, Abayomi Stephen Aderohunmu and Oladokun Tobi Oladimeji.
EFCC Flags-Off National Risk Assessment of Non Profit Organizations
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- Written by Chinonso Igwe
The Economic and Financial Crimes Commission, EFCC, on Monday November 15, 2021 flagged-off a nationwide risk assessment of Non-profit Organizations. The programme which is a collaborative initiative of the EFCC through the Special Control Unit against Money Laundering, SCUML, and relevant stakeholders in the public and private sectors, according to the EFCC Chairman, Abdulrasheed Bawa, is meant to determine the vulnerabilities of the organizations to money laundering and terrorism financing.
While noting the increase in Non-profit Organization activities in Nigeria especially in the North East, where the country is challenged by a humanitarian crisis created by Boko Haram, he observed that the absence of a unified comprehensive regulatory and supervisory framework for the sector remains a source of worry for the authorities. This gap, and Nigeria’s performance in the last Mutual Evaluation Exercise where the country received a non-compliant rating in FATF’s Recommendation 8, (that requires a review of the adequacy of laws and regulations that relate to Non- profit Organizations), provides the impetus for the NRA.
P&ID Scam: Court Adjourns Grace Taiga’s Trial Till Jan. 10, 2022
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- Written by Chinonso Igwe
The trial of former Director, Legal Services of the Ministry of Petroleum Resources, Mrs. Grace Taiga, an accomplice in the multiple fraud case involving Process and Industrial Development Limited (P&ID) before Justice O.A. Adeniyi of the Federal Capital Territory High Court Abuja, has been adjourned until January 10, 2022 for continuation of hearing.
At the resumed trial today, Friday, November 12, 2021, the defence counsel, Daniel Alumun, cross-examined one of the prosecution witnesses, Mohammed Ibrahim, a member of the technical committee for the reform of the oil and gas sector during the tenure of late Dr. Rilwan Lukman as petroleum minister.
Court Jails 17 Internet Fraudsters in Enugu
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- Written by Chinonso Igwe
The Enugu Zonal Command of the Economic and Financial Crimes Commission, EFCC, has secured the conviction of 17 internet fraudsters before Justice I.M Buba of the Federal High Court sitting in Enugu, Enugu.
The defendants are Ohazuruike Christian, Emeli Ikenna, Echebiri Ifeanyichukwu Victor, Echefulam Uche, Augustine Dimgba Ikeoha, Orji Patrick Onyebuchi, Egwu Collins Somto and Echezona Emmanuel Nwoye.
EFCC Charges DNFIs on Anti-money Laundering, Terrorism Financing
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- Written by Chinonso Igwe
The Special Control Unit against Money Laundering, SCUML, of the Economic and Financial Crimes Commission, EFCC, has charged Designated Non-Financial Institutions, DNFIs, to ensure full compliance with the provisions of the anti-money laundering laws and regulations in combating money laundering and terrorism financing in Nigeria.
Speaking during a sensitization programme organised for accredited DNFIs on Friday, November 12, 2021 at the Lagos Zonal Command of the EFCC, Pascal Samu, Lagos Coordinator, SCUML, said the purpose of the sensitization was to educate the DNFIs on their obligations under the Money Laundering Prohibition Act.
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