Crime

13 Ex-Govs under EFCC’s Radar over N772bn Fraud Cases

Web News 14 January 2024 368 0

The Economic and Financial Crimes Commission has reopened money laundering cases against 13 former governors and some former ministers, with the amounts involved running into over N853.8bn. The amount at stake in the high-profile cases involving the former governors and ex-ministers was not Continue Reading

Crime

Police Seize Cars, Cash in Anti-Money Laundering Raids

Web News 17 August 2023 457 0

Singapore police have seized about S$1bn ($735m; £578m) – including luxury homes, cars and watches – in one of its biggest anti-money laundering probes. Gold bars, designer handbags, wine and S$23m in cash were among the items seized in the raids. Police arrested ten people in the operation, all of whom held foreign passports. Raids […]Continue Reading

Foreign

President’s Son Detained over Alleged Money Laundering

Web News 30 July 2023 249 0

The son of Colombian President Gustavo Petro has been arrested for money laundering and illicit enrichment by the country’s attorney general. Nicolas Petro, a politician in Atlantico province, was detained over allegations he was paid by drug traffickers to fund his father’s peace efforts and election campaign. He has denied the claims and welcomed the […]Continue Reading

Crime

Two Chinese Nationals Jailed for Money Laundering

Web News 1 April 2023 215 0

Federal Court of Appeal sitting in Sokoto has convicted and sentenced two Chinese nationals, Mr. Meng Wei Kun and Mr. Xu Kuai to three years imprisonment each on one count and two count charges. Delivering the judgement, the presiding judge, justice Abubakar Talba faulted an earlier judgment delivered by the Federal High Court Sokoto, which […]Continue Reading