Money Laundering Archives — City Business News

October 24, 2024 No Responses

Nigeria Drops Charges Against Binance Executive

The Federal government has dropped all charges against an executive at Binance Holdings, Tigran Gambaryan on health grounds. Gambaryan has been facing a money laundering trial from detention since April. A Counsel for the Economic and Financial Crimes Commission (EFCC), announced the...

October 16, 2024 No Responses

Access Bank Reaffirms Commitment To War Against Illicit Drug Trafficking, Money Laundering

Access Bank Plc has reinforced its dedication to the fight against illicit drug trafficking and money laundering, committing to a closer partnership with the National Drug Law Enforcement Agency (NDLEA). The bank made this commitment at the formal decoration o...

September 30, 2024 No Responses

EFCC Arraigns Ex-Governor, Perm Sec For Alleged N27b Fraud

The Economic and Financial Crimes Commission (EFCC) on Monday, September 30, 2024, arraigned former governor of Taraba State, Darius Dickson Ishaku and former permanent secretary, Bureau for Local Government and Chieftaincy Affairs in the state, Bello Yero, be...

September 30, 2024 No Responses

EFCC: Money Laundering Charges Against Bobrisky Were Dropped Lawfully

A Prosecutor with the Economic and Financial Crimes Commission (EFCC) Bilikisu Bala on Monday, September 30, 2024, told a Joint Committee of the House of Representatives investigating allegations of corruption against some officers of the Commission, and the N...

June 7, 2024 No Responses

Alleged Tax Evasion: EFCC Arraigns TSTV MD, Others

The Federal Government has arraigned two chief executives of Telecom Satellites Limited (TSTV), over alleged tax evasion, money laundering and advanced fee fraud offences, before Justice Inyang Ekwo of the Federal High Court, Abuja. They are Bright Echefu...

November 16, 2021 No Responses

NCC Alerts Of Hacking Group Targeting Telcos, ISPs

The Nigerian Communications Commission (NCC) has notified the public of the existence of another hacking group orchestrating cyberespionage in the African telecoms space. A statement issued by Dr. Ikechukwu Adinde, Director, Public Affairs exp...

September 23, 2021 No Responses

Reps Task NCC, CBN On ATM, Web fraud

The House of Representatives has challenged the Central Bank of Nigeria (CBN) and the Nigerian Communications Commission (NCC) to ensure all monies lost as a result of Card/ ATM and web-based fraud are refunded to the affected victims. The...

November 10, 2020 No Responses

EFCC Re-Arraigns Ex-NIMASA D-G For Alleged N156.4m Fraud

The Economic and Financial Crime Commission (EFCC) on Monday, re-arraigned a former Director-General of the Nigerian Maritime Administration and Safety Agency, (NIMASA), Haruna Jauro, in a Federal High Court in Lagos for alleged N156.4 million money laundering...

November 19, 2017 No Responses

‘Treat money laundering, financial crimes with zero tolerance’

Treat money laundering, financial crimes with zero tolerance to maintain and sustain economic, financial and political stability, the Vice President Yemi Osinbajo, has said. Prof. Osinbajo stated this at the opening ceremony of the Inter-Governmental Acti...

April 8, 2017 No Responses

EFCC recovers N500m in Lagos Plaza

The Economic and Financial Crimes Commission (EFCC), Lagos Office, on Friday uncovered N448,850,000 (Four hundred and forty eight million, eight hundred and fifty thousand naira) in a shop at LEGICO Shopping Plaza, Ahmadu Bello Way, Victoria Island, Lagos. ...