Sunday, March 7

Tag: Money Laundering

EFCC Re-Arraigns Embattled Justice Ajumogobia, Withdraws Name Of Godwin Obla
Politics

EFCC Re-Arraigns Embattled Justice Ajumogobia, Withdraws Name Of Godwin Obla

The Economic and Financial Crimes Commission (EFCC), on Wednesday re-arraigned embattled Judge of the Federal High Court Lagos, Rita Ajumogobia, on allegations of money laundering. The agency applied before the re-arraignment to withdraw the name of Godwin Obla, a senior advocate of Nigeria, changed alongside Ajumogobia. Ajumogobia becomes the sole defendant in the amended 15-count charge of money laundering and breach of public trust. She pleaded not guilty. EFCC has applied for a trial date to calls its witnesses. The court has ruled Ajumogobia will continue on conditions of an earlier bail granted. A trial will continue on April 21 and 28. EFCC had on April 18, 2019, arraigned Ajumogobia before Justice Aikawa on an 18-count charge, bordering on breach of trust, ...
Hushpuppi Hires Former Government Lawyer as Defence counsel
Celebs

Hushpuppi Hires Former Government Lawyer as Defence counsel

Ramon Abass also known as Hushpuppi has hired a top-rated criminal defence lawyer, Loius Shapiro to represent him in his trial in the United States where he is facing fraud-related and money laundering charges. Hushpuppi hired Shapiro after top Chicago lawyer Gal Pissetzky and California-based criminal defence lawyer Vicki Podberesky, withdrew their services as his attorneys. The duo had accused the former Instagram celebrity of refusing to communicate to them. After a Judge granted their withdrawal from the case on February 22, a request seeking the approval of Mr Shapiro as Hushpuppi's new defence counsel was granted on February 25. Premium Times reported that Mr Shapiro who earned his law degree from the Benjamin N. Cardozo School of Law, began his career with the New York ...
I Wrestled With the Devils – Olisa Metuh Reflects on his Life in Prison
News

I Wrestled With the Devils – Olisa Metuh Reflects on his Life in Prison

Olisa Metuh, the former spokesman of the Peoples Democratic Party (PDP), has said that he will use the rest of his life serving God and mankind, revealing that he saw hell while he was in prison. Metuh spent 10 months at the National Correctional Centre, Kuje, FCT over issues bordering on money laundering and was released on December 24, 2020. Speaking during a reception organised for him by the PDP in Awka, the Anambra State capital on Wednesday, February 24, Metuh said he saw hell in prison and has learnt how to serve God and humanity. “I have been to the lowest, deepest end of the valley. I have wrestled with the demons. I wrestled with the devils. The Almighty God has saved me. For that, I commit the rest of my life to the service of God and the people. It is not easy. It is...
Prophet Bushiri’s Family Barred from Leaving Malawi after he Fled From South Africa
News

Prophet Bushiri’s Family Barred from Leaving Malawi after he Fled From South Africa

Family members of embattled preacher, Prophet Shepherd Bushiri who few months ago fled South Africa where he is facing charges of theft, money laundering, and fraud in connection with an alleged R100 million investment scheme with his wife Mary, have been barred from leaving his home country, Malawi. Bushiri’s family were allegedly stopped from leaving Malawi for Kenya at Kamuzu International Airport (KIA). eNCA reported that Prophet Bushiri’s two daughters, Raphaella and Israella together with his mother-in-law, Magdalena Zgambo, and another family member, Esther Bushiri were turned away at Kamuzu International airport by Malawian authorities on their way to Kenya. While one of Bushiri’s lawyers maintained that one of the preacher's daughters requires urgent medical attention in...
₦7.1 Billion Fraud: Why EFCC Must Stop My Fresh Trial – Orji Kalu
Politics

₦7.1 Billion Fraud: Why EFCC Must Stop My Fresh Trial – Orji Kalu

The Abuja division of the Federal High Court on Monday gave a former Abia State Governor and Senate Chief Whip, Dr. Orji Kalu the permission to challenge his retrial by the Economic and Financial Crimes Commission (EFCC) on alleged money laundering charges. Consequently, Justice Inyang Ekwo has ordered that the planned re-arraignment of the politician in the alleged N7.1billion money laundering charges be put on hold until the resolution of the legal questions raised against his retrial. In a motion exparte which was moved an argued by his counsel, Prof. Awa Kalu (SAN), Igbere TV reports that Senator Kalu asked for an order of Court prohibiting the EFCC from retrying him on same alleged money laundering charges against him. He contented that having been tried, convicted and se...
Nigerian Elites Using UK Schools As Shields For Money Laundering – Matthew Page
News

Nigerian Elites Using UK Schools As Shields For Money Laundering – Matthew Page

An American foundation, the Carnegie Endowment for International Peace, is poking accusing fingers in the eyes of Nigerian political elites, saying they are using the British educational system as a money-laundering shield in the guise of seeking better schooling opportunities for their wards. This was a key point in a report released Thursday in Washington DC written by the foundation’s non-resident scholar on democracy, conflict and governance, Mathew Page, titled “West African Elites’ Spending on UK Schools and Universities: A Closer Look.” Mr Page, its author, is a famous Nigeria expert, author, and consultant on Nigeria. Previously, he was a top Nigeria expert with the U.S. Department of State’s Bureau of Intelligence and Research, where he also served the Defense Intelligen...
I Can No Longer Be Maina’s Surety, He Is Untrustworthy – Ndume
Politics

I Can No Longer Be Maina’s Surety, He Is Untrustworthy – Ndume

The Chairman, Senate Committee on the Army, Senator Ali Ndume, has said he can no longer stand as surety for the former chairman of the defunct Pension Reform Task Force Team, Abdulrasheed Maina, who is currently undergoing trial. He said he would direct his legal team to begin the process of terminating the surety bond he signed for Maina because, according to him, the former pension boss could not be trusted. This is as the Federal High Court in Abuja on Friday ordered that Maina should be remanded in custody till the end of his trial. Justice Okon Abang made the order following an application by the Economic and Financial Crimes Commission’s prosecuting counsel, Mr Mohammed Abubakar. Maina, who is being prosecuted by the EFCC on N2bn money laundering charges, had jumped ...
‘Senator Ndume I Hail Oooo’ – Dino Melaye Welcomes Maina Back To Nigeria
Politics

‘Senator Ndume I Hail Oooo’ – Dino Melaye Welcomes Maina Back To Nigeria

Senator Dino Melaye has welcomed the former chairman of the defunct Pension Reform Task Team Abdulrasheed Maina back to Nigeria. Maina was extradited to Nigeria from Niger Republic on Thursday to face his N2 billion money laundering charges. Melaye shared a video of Maina’s arrival at the Nnamdi Azikiwe International Airport in Abuja on Twitter. He also hailed Senator Ali Ndume who stood as surety for Maina. “Welcome back Maina. Sen. Ndume I hail oooo,” the former Kogi West lawmaker wrote. Ndume was recently granted bail after spending days in prison for being unable to produce Maina.  
Ex-Pension Boss, Abdulrasheed Maina Arrested In Niger Republic By Intelligence Operatives
Politics

Ex-Pension Boss, Abdulrasheed Maina Arrested In Niger Republic By Intelligence Operatives

Operatives of intelligence service in a collaboration with men of anti-corruption agency in Nigeria on Monday evening, arrested Mr. Abdulrasheed Maina, in town Niger Republic. A top intelligence officer told us that the arrest was made possible due to an existing mutual relationship and security agreement between the two neighbouring countries. Maina, a former Chairman of the Pension Reform Task Team (PRTT), is facing a 12-count money laundering charge levelled against him and a firm by the Economic and Financial Crimes Commission (EFCC). EFCC, alleged that Maina, as Chairman of the defunct Pension Reform Task Team, used the account of the firm for money laundering to the tune of about N2 billion, part of which he used to acquire landed properties in Abuja. He however, has ...
Maina’s Lawyer, Adeola Adedipe Quits, Applies To Withdraw From Case
Politics

Maina’s Lawyer, Adeola Adedipe Quits, Applies To Withdraw From Case

A lawyer, Adeola Adedipe, engaged by fleeing ex-Chairman of Pension Reform Task Team (PRTT), Abulrasheed Maina in his ongoing trial for money laundering, has applied to quit the case. Adedipe, who is representing Maina’s company – Common Input Property and Investment Ltd -, told a Federal High Court in Abuja on Wednesday, at the resumption of proceedings in the case, that he has filed a notice, indicating his intention to withdraw from further representing his client. The lawyer, who said his brief has not been perfected (he has not been paid by his client), apologised to the court for being absent from proceedings during some of the recent adjournments. Ruling, Justice Okon Abang, who on the previous day, held that, by being absent in court, Adedipe has abandoned proceedings,...
Money Laundering: Court Gives Ndume 21 Days To Produce Maina
Politics

Money Laundering: Court Gives Ndume 21 Days To Produce Maina

The Federal High Court in Abuja, on Monday, gave Senator Ali Ndume who is representing Borno South, 21 days, to produce the former Chairman of the defunct Pension Reform Task Team, Abdulrasheed Maina, who has repeatedly failed to appear for continuation of his trial on money laundering charges. The former pension boss is facing a 12-count criminal charge the Economic and Financial Crimes Commission, EFCC, preferred against him and a firm, Common Input Properties & Investment Limited. Maina spent over seven months on remand at the Kuje Correctional Center before the court released on bail after Senator Ndume agreed to stand surety for him. EFCC alleged that he used account of the firm and laundered funds to the tune of about N2billion, part of which he used to acquire landed ...
Tinubu, Alpha-Beta, Others Accused Of Fraud, Tax Evasion, Money Laundering
Politics

Tinubu, Alpha-Beta, Others Accused Of Fraud, Tax Evasion, Money Laundering

Dapo Apara, a Nigerian chartered accountant, has accused a former governor of Lagos State, Bola Tinubu; a consulting firm, Alpha-beta, and a former commissioner in the state, Akin Doherty, of money laundering, fraud, tax evasion, and sundry corrupt practices. Mr Apara, in writ of summons deposed to at a Lagos high court, claimed that Mr Tinubu and Alpha-beta reneged on certain agreements reached in the past about the management and control of the consulting firm. Alpha-beta is a consulting firm handling the computation, tracking and reconciliation of Internally Generated Revenue (IGR) in Lagos State in return for a commission. Mr Apara, who claims to own 30 per cent stake in the company, alleged that Mr Tinubu “has directed and dictated the affairs” of the company by diverting...
FinCEN Files: US Places Atiku, Wives, Under International Banking Surveillance
Politics

FinCEN Files: US Places Atiku, Wives, Under International Banking Surveillance

Secret U.S. government documents reveal that JPMorgan Chase, HSBC and other big banks have defied money laundering crackdowns by moving staggering sums of illicit cash for shadowy characters and criminal networks that have spread chaos and undermined democracy around the world. The records show that five global banks — JPMorgan, HSBC, Standard Chartered Bank, Deutsche Bank and Bank of New York Mellon — kept profiting from powerful and dangerous players even after U.S. authorities fined these financial institutions for earlier failures to stem flows of dirty money. U.S. agencies responsible for enforcing money laundering laws rarely prosecute megabanks that break the law, and the actions authorities do take barely ripple the flood of plundered money that washes through the interna...
Aboubakar Hima Declared Wanted By EFCC For Contract Scam & Money Laundering
Crime

Aboubakar Hima Declared Wanted By EFCC For Contract Scam & Money Laundering

WANTED by @officialEFCC: Aboubakar Hima is a Nigerien contractor. He allegedly received $394m, €9.9m & N369m to purchase equipment for the Nigerian Military but failed to supply them all. He is wanted for contract scam, money laundering & for refusing to honour EFCC invitation https://twitter.com/TransparencITng/status/1297820740583067653
Primary school teacher arrested after N550m Belonging to her 24-year-old Son was Found in her Account
News

Primary school teacher arrested after N550m Belonging to her 24-year-old Son was Found in her Account

A primary school teacher, Mrs. Roseline Uche Egbuha has been arrested following an investigation which exposed her alleged involvement in money laundering. The Independent Corrupt Practices Commission (ICPC) said investigation showed that the money found in the bank account of the primary school teacher identified as Mrs. Roseline Uche Egbuha, are proceeds of money laundering from Malaysia. Upon being interrogated, Egbuha said the money found in her account belonged to her 24-year-old son, Chidozie Fabian Ejeaka whose whereabouts could not be established. She was arrested alongside three bank staff and her lawyer, Fredinard Isa due to their connivance in lifting the restriction placed on her account and the subsequent transfer of N550m (principal sum and interest) into the GTB...
15 Months After, EFCC And Interpol Still Yet To Arrest Ayodele Oke And Wife For N13bn Scandal
Crime

15 Months After, EFCC And Interpol Still Yet To Arrest Ayodele Oke And Wife For N13bn Scandal

The Economic and Financial Crimes Commission and the International Police have yet to arrest a former Director-General of the National Intelligence Agency, Amb. Ayodele Oke, and his wife, Folasade, declared wanted for N13bn money laundering. This is happening 15 months after they were placed on the global wanted list for failing to appear in court to answer for the money laundering charges preffered against them. After declaring the couple wanted, the EFCC was said to have sought the assistance of the Interpol in apprehending the fugitives, but nothing has been heard on the matter since then. The then acting EFCC spokesman, Tony Orilade, had told Saturday PUNCH in March 2019 that the commission had asked the Interpol to arrest the couple wherever they might be hiding. He st...
New York Judge Orders 10 Banks To Release Money Laundering Docs Against Ex-President Jonathan, Wife
Politics

New York Judge Orders 10 Banks To Release Money Laundering Docs Against Ex-President Jonathan, Wife

The Nigerian Government had last month asked the court to compel the banks to release account details of former President, Goodluck Jonathan, his wife, Patience, former ministers of Petroleum Resources, Mrs Diezani Alison-Madueke and Rilwanu Lukman. A New York federal judge has ruled that Nigeria can subpoena 10 banks in the United States for information the country needs to prosecute government officials allegedly connected to a British Virgin Island engineering firm’s bribery scheme and subsequent $9.6bn arbitral claim, according to law360.com. The Nigerian Government had last month asked the court to compel the banks to release account details of former President, Goodluck Jonathan, his wife, Patience, former ministers of Petroleum Resources, Mrs Diezani Alison-Madueke and Rilwanu...
Sowore Appeals Bail Condition Which Restricts his Movement Only Around Abuja
News

Sowore Appeals Bail Condition Which Restricts his Movement Only Around Abuja

#RevolutionNow convener, Omoyele Sowore has appealed the bail condition which restricts his movement only around Abuja. Recall that Justice Ijeoma Ojukwu had imposed a N100m bail bond on Sowore who was arrested on charges of treason, money laundering and insulting the president in 2019. She subsequently reduced Sowore’s bail from N100m to N50m, and further directed that he must produce sureties who reside in Abuja and must also have landed property worth the bail sum in Abuja. The activist was also directed to deposit his passport with the registry of the federal high court in Abuja, and also barred him from travelling outside Abuja pending the period of the trial. Sowore has now filed an appeal against the judgement of the Federal High Court sitting in Abuja. Channels Television...
Real Madrid Legend Iker Casillas’s Home is Searched by Police as part of Investigation into Money Laundering in football
Sport

Real Madrid Legend Iker Casillas’s Home is Searched by Police as part of Investigation into Money Laundering in football

In a statement shared on Twitter, Casillas said he is 'absolutely calm' with respect to the investigations and has 'full confidence' in the Portuguese justice system. The legendary goalkeeper also added that he wishes that 'transparency reaches everyone and every corner of football,' the statement read. The operation, named Out of Play, is investigating alleged tax avoidance in the football business from 2015 onwards. According to the prosecutors, those involved allegedly dodged payments of tax owed to the Portuguese state. The search comes two weeks after  Iker Casillas confirmed he is running to become president of Spanish Football Federation  
EFCC Re-arraigns Mompha for Alleged N32.9bn Fraud
News

EFCC Re-arraigns Mompha for Alleged N32.9bn Fraud

The Economic and Financial Crimes Commission, EFCC, today Wednesday March 4th, re-arraigned Ismaila Mustapha (aka Mompha), before Justice Mohammed Liman of a Federal High Court sitting in Ikoyi, Lagos, for alleged N32.9billion fraud. Mompha was first arraigned alongside his company, Ismalob Ventures on November 25th 2019 on a 14-count charge bordering on fraud, money laundering and running a foreign exchange business without the authorisation of the Central Bank of Nigeria, CBN. At the resumed hearing of his case today, counsel to the EFCC, Rotimi Oyedepo, informed the court of a second amended charge against Mompha and urged the court to allow a fresh plea by the defendant. The amended 22 count charges was read over to the defendant and he pleaded not guilty. After his plea, ...
We are Still Probing Donations to Jonathan’s Campaign – EFCC
News

We are Still Probing Donations to Jonathan’s Campaign – EFCC

The funding for the 2015 presidential campaign of former President Goodluck Jonathan is still being investigated by the Economic and Financial Crimes Commission (EFCC). An EFCC investigator, Shehu Shuaibu disclosed this while being cross-examined in a money laundering case before the federal high court in Lagos on Tuesday February 25. He said the donations made to the bank account of Joint Trust Dimensions Limited, who alongside Femi Fani-Kayode, former minister of aviation and an official of Jonathan’s campaign organisation; Nenadi Usman, former minister of finance; and Yusuf Danjuma are defendants in the case relating to Jonathan’s campaign, is still being investigated. The cash inflow into the company's bank account was quoted as follows; “N500m from Global Scan System L...
FFK Drags Kayode Ogundamisi for Mocking him after Court Convicted and Sentenced Olisa Metuh
News

FFK Drags Kayode Ogundamisi for Mocking him after Court Convicted and Sentenced Olisa Metuh

Femi Fani-Kayode, former Aviation Minister, has slammed journalist, Kayode Ogundamisi, who took to his twitter handle to taunt him shortly after Justice Okon Abang sentenced former PDP National spokesperson, Olisa Metuh to 7 years imprisonment for money laundering and other financial crimes. Mr Fani-Kayode, who was the Director of Publicity of ex-President Goodluck Jonathan’s presidential campaign organisation for the 2015 election, is currently standing trial for allegedly conspiring with some persons to directly and indirectly, retain the campaign funds which the Economic and Financial Crimes Commission claim they ought to have reasonably known were proceeds of crime. Ogundamisi while reacting to the news of Metuh's conviction, posted the tweet below.   An angry ...
Court Finds Olisa Metuh Guilty Of Laundering N400 Million
Crime

Court Finds Olisa Metuh Guilty Of Laundering N400 Million

The Federal High Court in Abuja has found Mr Olisa Metuh guilty of money laundering in the sum of N400 million. The trial judge, Justice Okon Abang, found the former National Publicity Secretary of the Peoples Democratic Party (PDP) guilty on Tuesday while delivering judgement in the suit instituted against him by the Economic and Financial Crimes Commission (EFCC). The anti-graft agency charged Metuh, who is standing trial alongside his company, Destra investment, with seven counts bordering on criminal diversion of the money received from the office of the former National Security Adviser (NSA), Colonel Sambo Dasuki (rtd). Delivering judgement in the case, Justice Abang convicted the former PDP spokesman of count one of the charges. “It is my view that Metuh took possessi...
Access Bank Denies Arrest Of Its GMD, Herbert Wigwe
Business

Access Bank Denies Arrest Of Its GMD, Herbert Wigwe

Access Bank Plc has vehemently denied reports that its Group Managing Director, GMD, Herbert Wigwe has been arrested by the Economic and Financial Crimes Commission (EFCC) over allegations of fraud. Some online news sites had reported that the Access Bank boss was arrested for his connection with the assets of former Abia State governor, Orji Uzor Kalu, alleged money laundering for former petroleum minister, Deziani Allison-Madueke, as well as alleged inflation of contracts linked to former Lagos State Governor, Akinwunmi Ambode. In a notice to the Nigerian Stock Exchange (NSE) on Friday, January 10, 2019 by the company secretary, Sunday Ekwochi, the lender denied the reports, stressing that its officials were only invited for interrogation over credit facilities that were availe...
First Class University Student Sentenced To 13-year Imprisonment Over Fraud
Crime

First Class University Student Sentenced To 13-year Imprisonment Over Fraud

A final year student of a private University located in Owo, Ondo State, Achievers University has been handed a 13-year jail term by a Federal High Court sitting in Akure. The student, Fisayo Adetoro, who was in the first class category, was also ordered to pay a fine of One Million Naira after he was found guilty of impersonation, forgery and money laundering. Adetoro was arraigned on January 18, 2017, on a six-count charge, but pleaded not guilty to all the charges. The accused, who was on 4.5 Cumulative Grade Point Aggregate (CGPA), was convicted by Justice Folashade Olubanjo of the Federal High Court 1, Akure, in a criminal case filed against him by the Economic and Financial Crimes Commission, EFCC, Ibadan zonal office. The allegations, according to the charge sheet, i...
Africa’s richest woman Isabel dos Santos charged with fraud
Scandals and Rumours

Africa’s richest woman Isabel dos Santos charged with fraud

Angola’s billionaire former first daughter Isabel dos Santos has been charged with money laundering and mismanagement during her stewardship of state-owned oil firm Sonangol. Documents leaked this week alleged the daughter of ex-president Jose Eduardo dos Santos, plundered state coffers to build her fortune, estimated at $2.1 billion (1.82 billion euros). “Isabel dos Santos is accused of mismanagement and embezzlement of funds during her tenure at Sonangol and is thus charged in the first instance with the crimes of money laundering, influence peddling, harmful management … forgery of documents, among other economic crimes,” prosecutor general Helder Pitta Gros told a news conference late Wednesday. Investigations into Isabel dos Santos’s 18-month tenure as Sonangol head from Ju...
We’ll Bring Alison-Madueke Back To Nigeria To Face Justice- EFCC Boss, Ibrahim Magu, Vows
Politics

We’ll Bring Alison-Madueke Back To Nigeria To Face Justice- EFCC Boss, Ibrahim Magu, Vows

Acting Chairman of the EFCC, Ibrahim Magu, has vowed that the anti-graft agency would ensure that former Minister of Petroleum Resources, Diezani Alison-Madueke, is repatriated to Nigeria to face criminal charges against her. Magu made the vow in Ibadan, Oyo state today Wednesday, January 22nd 2020, while fielding questions from journalists during his working visit to the Commission’s Ibadan zonal office. He earlier told journalists when he was at the Ilorin Zonal Office on a working visit yesterday. He said the Commission had traced a number of criminal activities ranging from abuse of office, bribery, fraud, misuse of public funds and money-laundering to the former minister, who is currently at large to avoid questions on alleged criminal activities dotting her years as a minis...
EFCC Names Two States As Headquarters Of Money Laundering
Crime

EFCC Names Two States As Headquarters Of Money Laundering

The Economic and Financial Crime Commission EFCC, has ranked Lagos and Rivers State as the  States where Money Laundering is Predominant. The Commission has ranked Rivers State as the Second and Lagos as Number One, the Acting Chairman of the EFCC, Ibrahim Magu made this known while addressing newsmen in Port Harcourt on the gains of the anti-graft agency. Ibrahim Magu said that the rampant cases of money laundering were because of the status of Port Harcourt as an oil city. On the issue of oil theft and illegal crude oil business, the EFCC Chair, Ibrahim Magu said that the two hundred and forty four trucks impounded by the army had been put up for auction. “This place (Rivers) used to be headquarters of money laundering. This is because there is a lot of money, oil money, ...
Obaseki Reacts As Interpol Arrest Osazee Osemwengie Ero For Money Laundering
Politics

Obaseki Reacts As Interpol Arrest Osazee Osemwengie Ero For Money Laundering

The Edo State Commissioner for Arts, Culture and Diaspora Affairs, Hon. Osazee Osemwengie Ero, has been arrested by the Interpol in far away France. We gathered that the Commissioner, who organized the recently held Edo Festivals (EDOFEST), was arrested on allegations bothering on money laundering. The sum of $2 million cash was said to have been found on him while the arrest was being effected at the Paris Airport in the presence of the state governor, Mr. Godwin Obaseki. It was gathered that both the Commissioner and the Governor were on their way from China, where the both were said to have gone for business deals. Though the news broke the internet on Sunday night, December 29, Igbere TV however gathered that the arrest took place a week back. But reacting to the devel...
I Am Ready To Continue With My Trial – Dasuki
Politics

I Am Ready To Continue With My Trial – Dasuki

A former National Security Adviser, Col. Sambo Dasuki (retd), has explained the reason behind his decision to stop attending court sessions during his prolonged illegal detention. Dasuki, who spoke in an interview with the Hausa Service of the Voice of America, monitored in Abuja, on Wednesday, called for justice and truth. The ex-NSA said with his release, he was ready to face trial. He also said he had no problem with the President, Major General Muhammadu Buhari (retd.). The ex-NSA, who was arrested for alleged illegal possession of firearms and money laundering in December 2015, was released on Tuesday. No fewer than five courts granted him bails, but the Federal Government ignored the court orders. For instance, On September 1, 2015, Justice Adeniyi Ademola, who was ...
Mompha Speaks After Bail, Says ‘Prayer Is The Only Key’
News

Mompha Speaks After Bail, Says ‘Prayer Is The Only Key’

Ismalia Mustapha, the bureau de change boss and Instagram personality, known as Mompha, who was recently arrested by the Economic and Financial Crimes Commission (EFCC) has shed some light on the details of his arrest after he was released on bail. The bureau de change boss shared a lengthy post on his Instagram page to address the issue. He stated that in everything done, prayer is the key. According to him, he was arrested in Dubai on Friday, October 18, and brought to Lagos on Saturday, October 19. He claimed that the FBI and Interpol were not involved like the commission told the people. He said his arrest was spearheaded by the EFCC alone because they had his travel details. He noted that when he arrived in Lagos they brought his bank statement from 2015 to 2017 and asked abou...
Mompha Returns To Instagram, Says He Is Not A Yahoo Boy
Lifestyle

Mompha Returns To Instagram, Says He Is Not A Yahoo Boy

Ismaila Mustapha a.k.a Mompha has returned to Instagram after his release from EFCC custody. He fulfilled his bail conditions yesterday Monday December 9th. Mompha who was arraigned by the Economic and Financial Crimes Commission (EFCC) on 14 counts bordering on fraud, money laundering and running a foreign exchange business without the authorisation of the Central Bank of Nigeria (CBN), was granted a N100m bail on Friday, November 29th. He was on IG live this afternoon, celebrating his freedom with some friends. Singing to Naira Marley's song, Mompha said he is not a Yahoo Boy.  
Crime

Mompha Regains Freedom After Perfecting His Bail Condition

Ismaila Mustapha a.k.a Mompha has regained his freedom after perfecting the bail conditions handed to him by a Lagos High Court. Mompha who was arraigned by the Economic and Financial Crimes Commission (EFCC) on 14 counts bordering on fraud, money laundering and running a foreign exchange business without the authorisation of the Central Bank of Nigeria (CBN), was granted a N100m bail on Friday, November 29. The Dubai-based Nigerian businessman was admitted to bail with one surety who must be a landed property owner by Justice Mohammad Liman, who ordered him to deposit his passport with the Deputy Chief Registrar of the court and report at the EFCC office every fortnight to show that he has not left the country. Mompha has now perfected his bail conditions as he was spotted wi...
Politics

Orji Kalu’s Conviction Politically Motivated – Nnamdi Kanu

The leader of the Indigenous People Of Biafra, IPOB, Mazi Nnamdi Kanu has described Senator Orji Uzor Kalu's ill- advised conviction over alleged fraud and money laundering as politically motivated. Kanu in a statement made available to Igbere TV on Thursday said he warned Sen. Kalu that the northerners do not love the Igbos. He said this is because of the pathological hatred Alimajiris have towards Biafrans (Igbos especially) because their industry and ingenuity expose their mediocrity. He, however, described Kalu as one who is committed to one Nigeria. The statement reads, "I warned him when he came to see me in Kuje Prison that those illiterate unity begging Alimajiris from the desert don't love him but he wouldn't listen." "I warned him that Fulani caliphate will ...
Onyema’s Case Goes Tough As EFCC Seizes His Passports, Restricts His Movement
News

Onyema’s Case Goes Tough As EFCC Seizes His Passports, Restricts His Movement

On the 23rd of November, 2019, Allen Ifechukwu Athan Onyema, the Chairman of Air Peace was charged with 27 counts of money laundering by one U.S. Attorney Byung J. “BJay” Pak. Mr. Byung said that Onyema moved more than $20 million from Nigeria through United States bank accounts in a scheme involving false documents based on the purchase of airplane. The US court had since then issued a warrant to arrest Onyema and authorised US marshals service to bring him into custody. In view of the above, the Economic and Financial Crimes Commission, EFCC, Sunday, went tough on him by seizing his passports and restricting his movement. A source according to The Nation disclosed this. His words, “Following his interaction with our detectives, it became imperative to restrict his movement...
EFCC Quizzes Allen Onyema Over $44.9 Million Wire Deals
Crime

EFCC Quizzes Allen Onyema Over $44.9 Million Wire Deals

AS part of the ongoing probe of alleged $44.9 million wire deals, the Economic and Financial Crimes Commission (EFCC) has interrogated the Chief Executive Officer of Air Peace, Mr. Allen Ifechukwu Onyema. Also, there were strong indications last night that the EFCC may watch-list a former Special Adviser/Coordinator of the Amnesty Programme Office. It was learnt that the ex-Special Adviser might be placed on INTERPOL red alert list. Investigation revealed that Onyema, who was quizzed on Wednesday, has been placed on administrative bail. It was, however, learnt that his activities are under the anti-graft commission’s surveillance. A reliable source said the invitation of Onyema was part of the ongoing collaboration with the FBI and other security networks working on the alle...
Mompha: Court Remands Kayode Phillip And Hamza Koud In Prison For Internet Fraud
Crime

Mompha: Court Remands Kayode Phillip And Hamza Koud In Prison For Internet Fraud

Nigeria’s Economic and Financial Crimes Commission (EFCC), Lagos Zonal office on Thursday arraigned the duo of Kayode Phillip and Hamza Koudeih before Justice Muslim S. Hassan of the Federal High Court, sitting in Ikoyi, Lagos on a 25-count charge bordering on conspiracy and money laundering. The defendants, who are high-value targets in Organized Cyber Syndicate Network, OCSN, were arrested for their alleged involvement in various cyber crimes and money laundering. One of the count reads: “That you, Kayode Phillip (a.k.a Voice of the King) and Hamza Koudeih (a.k.a. HK) sometime in May, 2019 within the jurisdiction of this Honourable Court conspired among yourselves to commit an offence to wit: conversion of the aggregate sum of $7, 069, 000 (Seven Million, Sixty-Nine Thousand Un...
Nigerian fraudster, Nnamdi Mgbodile charged with $6.5m romance scam in Atlanta
Crime

Nigerian fraudster, Nnamdi Mgbodile charged with $6.5m romance scam in Atlanta

A Nigerian man identified as Nnamdi Marcellus Mgbodile, living in Marietta, Georgia, United States has been arraigned on twenty counts of bank fraud, money laundering, and conspiracy to commit bank fraud. He was docked on November 19th before the U.S. Magistrate Judge Janet F. King. A federal grand jury indicted Mgbodile on November 6, 2019. Mgbodile was docked the same day that Air Peace chairman, Allen Onyema was also accused of money laundering and bank fraud by the Department of Justice, U.S. Attorney’s Office, Northern District of Georgia. One of Mgbodile’s alleged victims, a woman reportedly lost $6.5million to him via romance scam, while he failed to pull through a Business E-mail Compromise Scam of $350,000. “Online romance scams and business email compromise frauds have i...
EFCC Set To Re-Arraign Lagos Ex-Speaker, Ikuforiji & Aide, Oyebode
Politics

EFCC Set To Re-Arraign Lagos Ex-Speaker, Ikuforiji & Aide, Oyebode

The Economic and Financial Crimes Commission (EFCC) will on December 11, re-arraign a former Speaker of the Lagos State House of Assembly, Hon, Adeyemi Ikuforiji and his aide, Oyebode Atoyebi, for alleged laundering of N500 million at a Federal High Court in Lagos. The duo are to stand trial on a 56-count charge bordering on the alleged offence before Justice Mohammed Liman. Justice Liman fixed the date on Wednesday upon a request by the defence lawyer, Tunde Akinrinmisi, for an adjournment of the matter to allow for proper service of the charge on his clients. The lawyer told the court that he received a hearing notice as one of the lawyers who represented the defendants and it was out of “utmost respect for the court” that he came to court on Wednesday. He prayed the judg...
Court Remands Mompha In Prison Custody Over N33 Billion Fraud
Crime

Court Remands Mompha In Prison Custody Over N33 Billion Fraud

Justice Mohammed Liman of the Federal High Court, Lagos on Monday ordered that alleged internet fraudster, Ismaila Mustapha, aka Mompha be kept in the custody of the Nigerian Correctional Services. The Court ordered that Mompha be kept behind bars after he pleaded not guilty to a 14-count charge of laundering N33 billion. The court had also fixed Friday, November 29 for the hearing of the defendant bail application. The Economic and Financial Crimes Commision, EFCC alleged that Mompha laundered the funds through a firm, Ismalob Global Investment Ltd, between 2015 and 2018. Islamob Global Investments is the second defendant in the charge. The EFCC claimed that the funds, domiciled in Fidelity Bank, were moved in tranches of N18,059,353,413 billion and N14,946,773,393.00 billion. T...
Mompha Arrives In Court Over Money Laundering Charges
Crime

Mompha Arrives In Court Over Money Laundering Charges

Popular internet celebrity Mompha arrives in the Lagos Federal High Court to face money laundering charges by the Economic and Financial Crimes Commission, EFCC. Mompha will be arraigned on a 14 counts charge bordering on cyber fraud and money laundering. EFCC had arrested Mompha for alleged internet fraud and money laundering recently at the Nnamdi Azikiwe International Airport in Abuja.
Go To America And Face Your Accusers – Lauretta Onochie Tells Air Peace CEO
Politics

Go To America And Face Your Accusers – Lauretta Onochie Tells Air Peace CEO

Lauretta Onochie, aide to President Muhammadu Buhari on Social Media, have asked Chief Allen Onyema, CEO of Air Peace Airline to return to the United State of America to face those who indicted him for money laundering. It could be recalled that the US Attorney General’s office in Georgia had in a press release alleged that Onyema along with his airline’s Chief of Administration and Finance, Ejiroghene Eghagha, had been charged to court for falsifying documents and money laundering. Both were accused of moving more than $20 million from Nigeria through US banks in a scheme “involving false documents based on the purchase of airplanes,” the US indictment said. Onochie, who through her post said President Buhari has no hands in the travails of Chief Allen Onyema said "American laws ...
$44.9m Wire Deals: EFCC Special Panel To Investigate Air Peace Boss, Onyema
Politics

$44.9m Wire Deals: EFCC Special Panel To Investigate Air Peace Boss, Onyema

THE Economic and Financial Crimes Commission (EFCC) has waded into the $44.9 million wire fraud and money laundering case against Air Peace Chief Executive Allen Ifechukwu Athan Onyema hours after his indictment in the United States (US). The EFCC, it was learnt, on Saturday raised what sources referred to as a ”special panel” to investigate the matter shortly after receiving the charges against Onyema. Onyema was indicted along with his finance officer, Ejiroghene Eghagha, by the US Department of Justice (DoJ). They were accused of “moving more than $20 million from Nigeria through some United States banks in a scheme involving false documents based on the purchase of airplanes.” Eghagha, who is the international airline’s Chief of Administration and Finance, was also accused ...
Allen Onyema Also Wanted In Canada For Alleged Multi-Million Dollar Fraud In U.S
News

Allen Onyema Also Wanted In Canada For Alleged Multi-Million Dollar Fraud In U.S

Canadian authorities have commenced efforts to execute a corresponding arrest warrant issued for a Nigerian businessman accused of fraud in the United States. Allen Onyema, chairman of Air Peace Limited in Nigeria, is facing multiple charges of money laundering and bank fraud in excess of $20 million. A United States grand jury recently indicted Mr Onyema and Ejiroghene Eghagha, Air Peace’s head of finance and administration. Both suspects denied the allegations in a statement Saturday and indicated their determination to fight the charges in court. Although Messrs Onyema and Eghagha are currently believed to be in Nigeria, judges in the U.S. have been issuing warrants for their arrest, according to court filings seen by PREMIUM TIMES. On September 5, Russell Vineyard, a magistrate at ...
CEO Of Airpeace, Allen Onyema Indicted For Bank Fraud And Money Laundering In America
News

CEO Of Airpeace, Allen Onyema Indicted For Bank Fraud And Money Laundering In America

Allen Ifechukwu Athan Onyema, the Chairman, CEO, and founder of Air Peace, a Nigerian airline, has been charged with bank fraud and money laundering for moving more than $20 million from Nigeria through United States bank accounts in a scheme involving false documents based on the purchase of airplanes. The international airline’s Chief of Administration and Finance, Ejiroghene Eghagha, has also been charged with bank fraud and committing aggravated identity theft in connection with the scheme. “Onyema allegedly leveraged his status as a prominent business leader and airline executive while using falsified documents to commit fraud,” said U.S. Attorney Byung J. “BJay” Pak. “We will diligently protect the integrity our banking system from being corrupted by criminals, even when they ...
Suspected Fraudster, Mompha Sues EFCC For N5 Million Over Unlawful Detention
Crime

Suspected Fraudster, Mompha Sues EFCC For N5 Million Over Unlawful Detention

Social media celebrity, Ismaila Mustapha, popularly known as Mompha, has filed a suit against the Economic and Financial Crimes Commission (EFCC) alleging unlawful detention and a violation of his rights. Mompha was arrested on October 19 at Nnamdi Azikiwe International Airport, Abuja on allegations of cybercrime and money laundering. The Instagram celebrity has now filed a fundamental rights enforcement suit at the Lagos State High Court in Igbosere through his lawyer, Gboyega Oyewole. Mompha is demanding damages of N5 million for his unlawful detention without trial. He prayed the court to order the EFCC to either immediately charge him to court or release him if it was not ready to charge him to court. Mr Oyewole said his client, as a Nigerian, was entitled to the pro...
Jailed Fraudster, Hope Olusegun Aroke Still Coordinates Yahoo Yahoo Operations From Prison
Crime

Jailed Fraudster, Hope Olusegun Aroke Still Coordinates Yahoo Yahoo Operations From Prison

The EFCC, Lagos Zonal Office, has uncovered that Hope Olusegun Aroke a convicted internet fraudster currently serving a 24 years jail term is still in active communication with other high valued targets that are currently being investigated by the Commission for various offences relating to computer fraud and money laundering. . . Investigation revealed that he masterminded the commission of internet scam worth over $100, 000, OOO (One Million Dollars) whilst serving his jail term.
Money Laundering: EFCC re-arraigns 606 Auto Dealer boss Babafemi Sarumi
News

Money Laundering: EFCC re-arraigns 606 Auto Dealer boss Babafemi Sarumi

The Economic and Financial Crimes Commission, EFCC, Lagos office, has re-arraigned one Samusideen Babafemi Sarumi, owners of 606 Autos Limited, 606 Music Limited and Splash Off Entertainment Limited on a three-count charge bordering on felony to commit money laundering and money laundering to the tune of N209 million. He was arraigned before Justice Chuka Obiozor of the Federal High Court sitting at Ikoyi, Lagos. The defendant who was earlier arraigned by the EFCC, November 4, 2019 was alleged to have been involved in computer related fraud across the world. He was also alleged to have taken possession of eight vehicles valued at N135 million and a Boat valued at N104 million, which were reasonably suspected to be part of proceeds of an organized crimes across the world.