money laundering
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
EFCC Exposes Religious Sect Helping Terrorists Launder Money in Nigeria
The Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, disclosed that the anti-graft agency has uncovered a religious sect in Nigeria involved in laundering money for terrorists.
Speaking during a public engagement on youth, religion, and the … Continue Reading
EFCC Reopens Money Laundering Cases of N853.8 Billion Involving 13 Former Governors and Ministers
The Economic and Financial Crimes Commission (EFCC) has reopened money laundering cases against 13 former governors and some ex-ministers, with a staggering total amount of over N853.8bn involved.
The individuals under investigation include two former Ekiti State governors, Kayode Fayemi … Continue Reading