Saturday, August 20, 2022

Africa

Angolan banking system is “lacking” in the prevention of money laundering

Some Angolan banking institutions are still “lacking” in the prevention of money laundering, an official from the National Bank of Angola (BNA) said on Thursday in Luanda. Delmise Florentino, head of the Prevention of Money Laundering division of the...

Nigeria: Court Strikes out EFCC N6.6bn Case against Ex-Governor Goje

The Federal High Court sitting in Jos, Plateau State has discharged the former Governor of Gombe State, Senator Danjuma Goje of 19 counts charges of the 21 leveled against him by the Economic and Financial Crime Commission (EFCC) in...

Nigeria: NBA President Usoro’s N1.4bn Money Laundering Trial To Continue On April 17

A Federal High Court sitting in Ikoyi, Lagos State, Nigeria, presided over by Justice Rilwan Aikawa has adjourned the trial of Paul Usoro (SAN), President of the Nigerian Bar Association (NBA), until April 17, 2019 for hearing of three...

USA to grant Angola $2million to combat money laundering

The United States will grant Angola around two million dollars in ongoing assistance for combating money laundering and terrorist financing, the US Deputy Secretary of State has announced. John Sullivan made the announcement in Luanda Monday at a joint...

Nigeria: EFCC Re-Arraigns Ex-Intercontinental Bank MD, Akingbola on Money Laundering Charges

The Economic and Financial Crimes Commission (EFCC) on Wednesday re-arraigned a former Managing Director of the defunct Intercontinental Bank PLC, Erastus Akingbola in a Federal High Court in Lagos, for alleged Money Laundering charges. He is charged by the...

Nigeria: EFCC Arrests Imo, Kwara AGs, Others over N2bn Money Laundering

The Accountant Generals of both the Imo and Kwara States government are currently helping the Economic and Financial Crimes Commission (EFCC) with information on what they know about how huge sums belonging to their various states were divested into...

Ex-CEO of Tanzania’s Bank M charged with fraud, money laundering

The former chief executive officer of Tanzania's Bank M was charged with fraud and money laundering on Thursday, two months after the central bank revoked the bank's licence. Sanjeev Kumar, who denied the charges at a court in the...

Nigeria: Court Grants Former Skye Bank Chairman N500m bail in Money Laundering Case

Justice Valentine Ashi of an Abuja High Court sitting in Apo on Wednesday granted bail to a former Chairman, Board of Directors and Managing Director of the defunct Skye Bank PLC , Tunde Ayeni, and Timothy Oguntayo in the...

Nigeria: How currency dealers exposed aides of ex-presidential candidate, Atiku in money laundering spree

The arrest of key allies of the presidential candidate of Peoples Democratic Party, PDP, Atiku Abubakar, was triggered by the recovery of huge foreign currency worth hundreds of millions of naira from dealers by operatives of Economic and Financial...

Nigeria: EFCC investigates ex-presidential candidate, Atiku’s son-in-law following money laundering allegation

The Economic and Financial Crimes Commission (EFCC) said it had begun investigation of alleged money-laundering by the Finance Director of Atiku Abubakar’s group of companies, Alhaji Babalele Abdullahi. Acting Spokesman of EFCC, Tony Orilade , stated this in Abuja...

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