American authorities have arrested Cashmir Chinedu Luke, the CEO of a U.S. home care company, for allegedly defrauding the Department of Veterans Affairs (VA) of more than $7 million. He was taken into custody at San Francisco International Airport while attempting to board a flight to Nigeria, according to a statement from the U.S. Department…
The Economic and Financial Crimes Commission (EFCC) has arraigned Ene Queen Bamaiyi before Justice A.A. Halilu of the Federal Capital Territory High Court in Apo, Abuja, over the alleged misappropriation of ₦124 million out of ₦240.5 million entrusted to her for foreign currency exchange. In a statement posted on its official X (formerly Twitter) account…
The Dangote Petroleum Refinery and Petrochemicals has uncovered a new fraudulent scheme involving some of its affiliate marketers and strategic partners, who were found to be diverting subsidised refined products for personal gain. This discovery has led to the suspension of the refinery’s discounted fuel supply program. An internal investigation revealed that several marketers granted…
An FCT High Court has granted bail to the immediate past governor of Kogi State, Alhaji Yahaya Bello, in the sum of N500 million over money laundering charges. Justice Maryanne Aninih on Thursday also ordered Bello to produce two sureties in like sum.The judge said sureties must be notable Nigerians with landed property in Maitama,…
The Lagos State Special Offences Court in Ikeja has set January 7, 2025, to decide on the objection raised by former Central Bank of Nigeria Governor, Godwin Emefiele, regarding the $4.5bn and N2.8bn fraud charges brought against him by the Economic and Financial Crimes Commission. Emefiele and his co-defendant, Henry Omoile, face 26 counts filed…
The Lagos State High Court in Ikeja has dismissed a ₦4.8 billion fraud charge filed by the Economic and Financial Crimes Commission (EFCC) against Chief Cletus Ibeto, Chairman of Ibeto Energy Development Company. Justice Oyindamola Ogala struck out the charge after counsel to the EFCC, Rotimi Jacobs (SAN), informed the court that Ibeto had refunded…
On Thursday, protesters descended upon the Kaduna State Government House, demanding that Governor Uba Sani extend an invitation to the Economic and Financial Crimes Commission and other pertinent law enforcement organizations to apprehend and prosecute Mallam Nasir El-Rufai, his predecessor, in light of the latter’s criminal indictment by the state House of Assembly. In a…
