Comptroller-General of Customs, Col. Hameed Ali (Rtd) on Tuesday disclosed that the Custom Command at the Murtala Mohammed International Airport had intercepted 8.06 million U.S. dollars from the airport. Ali, during a media briefing in Lagos, said that the dollars loaded in six big `bagco’ bags were packed in a coaster bus belonging to the […]
Continue Reading
Millions of dollars, Euros and other currencies have reportedly been found at the residence of former President Omar al-Bashir of Sudan. Recall that Al-Bashir was toppled in a military coup which took place on April 11. He was initially placed under house arrest before being transferred to Kobar prison, where he detained some of his […]
Continue Reading
Olisa Metuh, a former spokesman of the Peoples Democratic Party (PDP), says his bank accounts have been frozen by the Economic and Financial Crimes Commission (EFCC). He is facing a seven-count of criminal breach of trust and money laundering to the tune of N400 million. At the Abuja federal high court on Tuesday, Metuh said […]
Continue Reading
A Federal High Court in Kano has sentenced a popular Kano spiritualist, Abubakar Ishaq, alias Mai-Rakumi, to 10 years in prison for possession of counterfeit currency. The judge, Lewis Allagoa, convicted Mr Ishaq of the two-count charge. The convict was arraigned before the court by the Economic and Financial Crimes Commission (EFCC). His journey to […]
Continue Reading
The Department of State Services on Monday described as untrue the allegation that a huge sum of money and weapons were found in the house of its sacked Director General, Lawal Daura. Tony Opuiyo, the agency’s spokesman, in a statement in Abuja, said there was no iota of truth in the allegation that N21bn and […]
Continue Reading
The visit of President Muhammadu Buhari to U.S. President, Donald Trump, has yielded the finalisation of negotiations to repatriate more than $500 million (about 190 billion Naira) of Nigeria’s looted money traced to the U.S. Nigeria’s Attorney-General and Minister of Justice, Abubakar Malami, told the correspondent of the News Agency of Nigeria (NAN) in Washington, […]
Continue Reading
Nigeria’s External Reserves are steadily heading towards the $50 billion mark, berthing at $46 billion as at the close of business on Friday, March 9, 2018. Figures obtained from the Central Bank of Nigeria (CBN) at the weekend indicate that the reserves grew by about $3.2 billion between February and March 2018. The reserves at […]
Continue Reading
A Lagos Division of the Federal High Court on Friday ordered the final forfeiture of the N13 billion recovered in a flat in Ikoyi, Lagos. The money- $43,449,947; £27,800; and N23,218,000 – was stashed away in iron cabinets and ‘Ghana-must-go’ bags in the apartment at Flat 7B, Osborne Towers, Ikoyi. The Economic and Financial Crimes […]
Continue Reading
Data obtained by FBNQuest Research has shown that gross inflows into the Federation Account have amounted to N6.14tn in 12 months. In the 12 months through to September 2017, the gross flows into the Federation Account amounted to N3.51tn from oil revenue and N2.63tn from non-oil revenue, a report by the research firm stated. FBNQuest […]
Continue Reading
A 25-year-old man, Aliyu Mohammadu, has reportedly cut off his cousin’s p*nis after he accused him of stealing his N3, 500. The incident happened in Babana Borgu, New Bussa local government area of Niger state. Mohammadu claimed he caught his cousin, Ibrahim, taking the money from his room and ran away. Confessing to the crime, […]
Continue Reading