money laundering
CBN begins mystery shopping at BDC outlets to Combat money laundering
Central Bank of Nigeria (CBN) Launches Mystery Shopping Initiative for Bureau de Change Compliance
The Central Bank of Nigeria (CBN) has initiated mystery shopping exercises at bureau de change (BDC) outlets as part of its intensified efforts to ensure strict … Continue Reading
Aisha Achimugu Wanted by EFCC for Alleged Criminal Conspiracy and Money Laundering
EFCC Declares Business Executive Aisha Sulaiman Achimugu Wanted for Alleged Money Laundering
The Economic and Financial Crimes Commission (EFCC) has announced that Aisha Sulaiman Achimugu, a well-known business executive and social figure, is wanted in relation to allegations … Continue Reading
Air Peace CEO Allen Onyema Faces New U.S. Charges in $20M Fraud Scandal (Full Details)
Fresh Charges Emerge in a High-Stakes U.S. Fraud Case Involving the CEO of Nigeria’s Largest Airline, Allen Onyema.
Allen Onyema, the founder and CEO of Air Peace, has been thrust into the international spotlight once again, facing a new … Continue Reading
US Crackdown On Cryptocurrency Money Laundering: $800 Million Operation Seized
U.S. Department of Justice (DOJ) has seized three cryptocurrency domains linked to a massive scheme that allegedly laundered over $800 million for Russian entities.
Washington D.C., United State- The action was backed by court authorizations obtained by the authorities after … Continue Reading
China Agrees To Help Nigeria Fight Money Laundering
The agreement was reached after a meeting between Nigerian President Bola Ahmed Tinubu and China’s President Xi Jinping on Tuesday.
Nigeria and China have taken a significant step in strengthening their financial cooperation to combat financial crimes, including money laundering … Continue Reading
Lebanese Ex-Central Bank Chief Riad Salameh Faces Embezzlement Charges
Salameh, accused of financial crimes linked to Lebanon’s economic collapse, faces charges of money laundering, And embezzlement
Beirut, Lebanon — Lebanon’s former central bank governor, Riad Salameh, was arrested on Tuesday after a three-hour judicial hearing in Beirut. Salameh, … Continue Reading
EFCC Arrests ‘Young Billionaire’ in Abuja for Alleged Internet Fraud and Money Laundering
The Economic and Financial Crimes Commission (EFCC) has arrested 35-year-old Hyginus Nkwocha also known as “Young Billionaire” in Abuja on charges of internet fraud and money laundering.
Nkwocha, who has been referred to as a “young billionaire,” was taken into … Continue Reading
Swiss Authorities Freeze $1.5 Billion Linked to Russian Senator Suleyman Kerimov
Swiss authorities freeze US$1.5 billion of Suleyman Kerimov assets
The Swiss State Secretariat for Economic Affairs (SECO) has frozen 1.3 billion Swiss francs (US$1.5 billion) suspected to be connected to Russian Senator Suleyman Kerimov. The move is … Continue Reading
Thousands Of Dollars of Government Money is been Flown Out Of Nigeria Every Hour – INTERPOL
A stark warning has been sounded by the International Criminal Police Organisation (Interpol) that Nigeria is hemorrhaging billions of dollars every day due to money laundering. Speaking at a workshop for law enforcement agencies at the Economic and Financial Crimes … Continue Reading
FBI: how 7 Nigerian pickers in U.S. Laundered $8 million scam proceeds to Yahoo Boys in Lagos
Seven Nigerian men have been charged by the U.S. Federal Bureau of Investigation (FBI) with wire fraud and money laundering conspiracy for their involvement in romance scams. Acting as middlemen, they allegedly received $8 million in proceeds from victims of … Continue Reading