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The EFCC was established in 2003, partially in response to pressure from the Financial Action Task Force on Money Laundering (FATF), [2] which named Nigeria as one of 23 countries non-cooperative in the international community's efforts to fight money laundering. [1] The agency has its head office in Abuja, Nigeria. The EFCC was also set up to ...
Corruption in Nigeria is a constant phenomenon. In 2012, Nigeria was estimated to have lost over $400 billion to corruption since its independence. [2] [3] Nigerian politicians find themselves in a strong position of power and wealth due to their connections with the oil and gas industries in Nigeria.
In response to the allegation, Bafarawa said he received the money from the Office of the National Security Adviser for spiritual purposes. [38] On 8 December 2015, Chief Dokpesi was arraigned by the Federal Government of Nigeria before a federal high court sitting in Abuja on six counts of money laundering and other financial crimes. [39]
ABUJA (Reuters) -A Nigerian court on Wednesday ordered the release of Binance executive Tigran Gambaryan after the government dropped money laundering charges against him to allow him to get ...
The court ruled that the government should disclose the "exact amount of money stolen by General Sani Abacha from Nigeria and the total amount of Abacha loot recovered and all agreements signed on ...
The Independent Corrupt Practices Commission (ICPC; in full the Independent Corrupt Practices & Other Related Offences Commission) is a Nigerian agency that was inaugurated on 29/9/2000 following the recommendation of President Olusegun Obasanjo.
A West African court has found the Nigerian government guilty of human rights abuses during its suppression of the 2020 #EndSARS protests against alleged police brutality.
It was reported that within the first two months of the Whistle-blowing policy in Nigeria, that Nigeria's Federal Government recovered over $178 million that was stolen from the government. By June 5, 2017, the Federal Ministry of Finance received a total of 2,150 tips from the public. 128 tips came through the website of the ministry, 1,192 ...