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At the request of former Nigerian President Olusegun Obasanjo, the Economic and Financial Crimes Commission was created by the Nigerian Parliament in 2002. [13] In February 2004, Amaka Anajemba, Emmanuel Nwude, Emmanuel Ofolue, Nzeribe Okoli, and Obum Osakwe (Christian Anajemba was deceased at this point), were all arrested and charged in the Abuja High Court with 86 counts of "fraudulently ...
The Innoson Group vs GTBank fraud case involves claims where plaintiff Innoson Motors claims that GT Bank owes Innoson Motors a large sum of money that after 22% interest compounded annually over several years totals ₦8.9 billion. However, the Nigerian government is also investigating claims that Innoson Motors is guilty of fraud. [1]
Upon his arrival in the United States on 3 July 2020, he was accused of conspiring to launder 'hundreds of millions of dollars'. [20]The affidavit also accused Abbas and a co-conspirator of conspiring to launder funds intended to be stolen through fraudulent wire transfers from a 'foreign financial institution' in which fraudulent wire transfers, totalling approximately US$14.7 million, were ...
A Nigerian judge will hear a money laundering case against crypto exchange Binance and two of its executives next week, more than a month earlier than planned, after defence lawyers asked for the ...
One of the two executives from Binance, the world's largest cryptocurrency exchange, detained in Nigeria appeared in an Abuja court on Thursday to face tax evasion and money laundering charges.
A Nigerian court on Wednesday granted bail to former central bank governor Godwin Emefiele, who is charged with procurement fraud and has been in detention since June. Emefiele appeared in court ...
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.
A Nigerian court on Tuesday adjourned a money laundering trial against cryptocurrency exchange Binance and two of its executives to Oct. 11, after the court's annual holiday that starts next week.