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However, the Nigerian government is also investigating claims that Innoson Motors is guilty of fraud. [1] Innoson Motors began its case against GT Bank in 2011. Recently, the Nigerian Supreme Court ruled in favor of Innoson Motors claim against GT Bank, and the company says that it is due to take over GT Bank in lieu of receiving its money. [2]
He is facing a 20-count fraud charge. "There must be an end to detention without trial. Without any further ado, I hereby order that the applicants be released on bail to his counsel," the judge said.
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.
ABUJA, Nigeria (AP) — The former governor of the Central Bank of Nigeria, who was removed from office in June, was on Friday charged with procurement fraud at a local court, which remanded him ...
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 ...
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.
Nigeria's anti-graft agency said it had arrested 792 suspects in a raid on a building believed to be a hub for fraudsters who lured victims with offers of romance, then pressed them to hand over ...
Obinwanne Okeke (born November 9, 1987) also known as Invictus Obi is a Nigerian entrepreneur and convicted fraudster who is currently serving a ten-year prison sentence in the United States for internet fraud that caused $11M losses to his victims. [1]