US Court Sentences Nigerian To Eight Years For $1.3 Million Tax Fraud Scheme
A United States federal court has sentenced Matthew Akande to eight years in prison for leading a tax fraud scheme that defrauded the U.S. government of more than $1.3 million. The sentence was delivered by Indira Talwani in Boston. In addition to the prison term, Akande was ordered to repay $1,393,230 and will serve three […]
EFCC Arraigns Two Bank Officials Over Alleged $306,667, €50,250
Two officials of FSDH Merchant Bank Limited have been arraigned by the Economic and Financial Crimes Commission (EFCC) over an alleged fraud involving $306,667.81 and €50,250. The anti-graft agency disclosed this in a statement released on its official platform, confirming that the suspects were brought before the court to face multiple charges. The defendants, Bakare […]
US court sentences Nigerian to eight years for $1.3m tax fraud scheme
A court in the United States has sentenced a Nigerian national to eight years in prison over his role in a $1.3 million tax fraud scheme. Authorities said the conviction followed investigations that uncovered a coordinated operation involving fraudulent tax filings. Officials described the crime as a serious financial offence. Prosecutors explained that the scheme […]
Lagos court jails firm over N21m fraud case
A Lagos State Special Offences Court sitting in Ikeja has convicted Rahvet International Limited for unlawfully converting ₦21 million belonging to a woman identified as Chioma Adeoye. Justice Ismail Ijelu delivered the judgment after the company pleaded guilty to a one-count charge filed by the Economic and Financial Crimes Commission (EFCC). According to the EFCC, […]
Lagos convicts stockbroker, firm over N953.5m, $80,000 ETI shares fraud
A Lagos State High Court sitting in Ikeja has convicted stockbroker Victor Ogiemwonyi and his firm, Partnership Securities Limited, over a massive financial fraud involving N953.5 million and $80,000 linked to Ecobank Transnational Incorporated (ETI) shares. The judgment, delivered by Justice Modupe Nicole-Clay on January 21, followed a lengthy trial prosecuted by the Economic and […]
Sule Lamido’s son loses Supreme Court appeal challenging forfeiture of undeclared $40,000
The Supreme Court has dismissed the appeal filed by Aminu Sule Lamido, son of former Jigawa State Governor, Sule Lamido, challenging the forfeiture of $40,000 to the Federal Government. The apex court ruled that the appeal lacked merit and upheld earlier judgments ordering the forfeiture of the undeclared foreign currency. A five-member panel of the […]
US arrests, detains ex-Ghana minister, Ofori-Atta
United States authorities have arrested and detained Ghana’s former finance minister, Ken Ofori-Atta, over allegations linked to financial misconduct. The arrest was reportedly carried out by federal law enforcement agencies as part of an ongoing investigation. Although full details of the case have not been made public, sources say the probe is connected to financial […]
Former Lagos Education Director jailed for stealing N48.9 million from Access Bank
A Lagos court has sentenced Olawale Faleti, a former director in the Lagos State Ministry of Education, to two years and five months in prison for stealing N48.9 million from Access Bank Plc. Justice Rahman Oshodi of the Ikeja Special Offences and Domestic Violence Court found Faleti guilty on five counts of theft brought by […]
Court remands Bauchi Finance Commissioner over alleged money laundering
A court has ordered the remand of the Bauchi State Commissioner for Finance following his arraignment over allegations of money laundering. The case was brought before the court by anti-corruption authorities, who accused the official of being involved in suspicious financial transactions. During the court session, prosecutors asked that the commissioner be kept in custody […]
Lagos court jails man for N8.56 billion Wema Bank fraud
A Lagos court has sentenced a man to prison after he was found guilty of being involved in a massive N8.56 billion financial fraud linked to Wema Bank. The case, which has drawn public attention due to the huge amount involved, centered on allegations that the suspect illegally moved funds through fraudulent banking transactions. The […]