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  •   Fire guts Ibadan WEMA Bank building The Ibadan Zonal Command of the Economic and Financial Crimes Commission EFCC has secured the conviction and sentencing of a corps member Osisi Ikenna Nicholas to one month community service for his involvement in internet related fraud Osisi was convicted alongside 38 others on separate one count charges each before Justices Bayo Taiwo Omolara Adeyemi Ladoke Akintola Mohammed Owolabi of the Oyo State High Court Ibadan and Justice Opeyemi Sobowale of the Ogun State High Court Abeokuta between November 21 and November 25 2022 The sentences range from a fine one to six months of community service and one year imprisonment The convicts were ordered to restitute their various victims and forfeit all items recovered from them to the Federal Government of Nigeria MEANWHILE the Wema bank building in Agodi Ibadan was yesterday gutted by fire which emanated from the main building An eyewitness said the incident started at about 7 30 a m while no life was lost We noticed smoke was coming out from the building and immediately called the fire services to curtail it from spreading to other places especially the filling station beside the bank the witness said When The Guardian visited the scene thick smoke was still bellowing into the air while staff visitors customers and passersby were seen standing at a safe distance outside the bank premises Also Oyo State Police Command and the state Road Traffic Management Agency barricaded the scene to prevent the breakdown of law and order The General Manager Oyo State Fire Services Yemi Akinyinka who was present at the scene said the investigation was ongoing to know the cause of the fire
    Corps member, 38 others jailed for Internet fraud in Ogun, Oyo
      Fire guts Ibadan WEMA Bank building The Ibadan Zonal Command of the Economic and Financial Crimes Commission EFCC has secured the conviction and sentencing of a corps member Osisi Ikenna Nicholas to one month community service for his involvement in internet related fraud Osisi was convicted alongside 38 others on separate one count charges each before Justices Bayo Taiwo Omolara Adeyemi Ladoke Akintola Mohammed Owolabi of the Oyo State High Court Ibadan and Justice Opeyemi Sobowale of the Ogun State High Court Abeokuta between November 21 and November 25 2022 The sentences range from a fine one to six months of community service and one year imprisonment The convicts were ordered to restitute their various victims and forfeit all items recovered from them to the Federal Government of Nigeria MEANWHILE the Wema bank building in Agodi Ibadan was yesterday gutted by fire which emanated from the main building An eyewitness said the incident started at about 7 30 a m while no life was lost We noticed smoke was coming out from the building and immediately called the fire services to curtail it from spreading to other places especially the filling station beside the bank the witness said When The Guardian visited the scene thick smoke was still bellowing into the air while staff visitors customers and passersby were seen standing at a safe distance outside the bank premises Also Oyo State Police Command and the state Road Traffic Management Agency barricaded the scene to prevent the breakdown of law and order The General Manager Oyo State Fire Services Yemi Akinyinka who was present at the scene said the investigation was ongoing to know the cause of the fire
    Corps member, 38 others jailed for Internet fraud in Ogun, Oyo
    Foreign7 days ago

    Corps member, 38 others jailed for Internet fraud in Ogun, Oyo

    •Fire guts Ibadan WEMA Bank building The Ibadan Zonal Command of the Economic and Financial Crimes Commission (EFCC), has secured the conviction and sentencing of a corps member, Osisi Ikenna Nicholas to one-month community service for his involvement in internet-related fraud.   

    Osisi was convicted alongside 38 others on separate one-count charges each before Justices Bayo Taiwo, Omolara Adeyemi, Ladoke Akintola, Mohammed Owolabi of the Oyo State High Court, Ibadan and Justice Opeyemi Sobowale of the Ogun State High Court, Abeokuta between November 21 and November 25, 2022. 

    The sentences range from a fine, one to six months of community service, and one-year imprisonment. 

    The convicts were ordered to restitute their various victims and forfeit all items recovered from them to the Federal Government of Nigeria.

    MEANWHILE, the Wema bank building in Agodi, Ibadan, was yesterday gutted by fire, which emanated from the main building. 

    An eyewitness said the incident started at about 7:30 a.

    m., while no life was lost. 

    “We noticed smoke was coming out from the building, and immediately called the fire services to curtail it from spreading to other places, especially the filling station beside the bank,” the witness said. 

    When The Guardian visited the scene, thick smoke was still bellowing into the air, while staff, visitors, customers and passersby were seen standing at a safe distance outside the bank premises. 

    Also, Oyo State Police Command and the state Road Traffic Management Agency barricaded the scene to prevent the breakdown of law and order. 

    The General Manager, Oyo State Fire Services, Yemi Akinyinka,  who was present at the scene said the investigation was ongoing to know the cause of the fire.

  •  A Federal High Court Abuja has fixed February 6 2023 for ruling on an application by a former governor of Imo State Senator Rochas Okorocha seeking to quash the 17 count criminal charge preferred against him by the Federal Government The Economic and Financial Crimes Commission EFCC is prosecuting the former governor over an alleged N3 1 billion fraud The former governor was arraigned alongside Anyim Nyerere Naphtali International Ltd Perfect Finish Multi Projects Ltd Consolid Projects Consulting Ltd Pramif International Ltd and Legend World Concepts Ltd Justice Inyang Ekwo fixed the date yesterday after counsel in the matter adopted their written addresses and other processes as their final arguments Ola Olanipekun SAN who announced their appearance for Okorocha having adopted all his processes urged the court to grant the application and quash the charge On his part the EFCC lawyer K N Ugwu prayed the trial judge to find and hold that the Motion on Notice filed by the first defendant Okorocha seeking to quash the charge lacks merit and should be dismissed accordingly Similarly Darlington Ozurumba representing Consolid Projects Consulting Ltd 5th defendant also adopted his Motion on Notice and urged Justice Ekwo to quash and dismiss the entire suit for being an abuse of the court process In opposition to the application the prosecution counsel told the court that the fifth defendant could not benefit from a judgment it was not part of Recall that the EFCC is prosecuting the former governor and six others on a 17 count charge bordering on conspiracy stealing conversion of public funds and money laundering to the tune of N3 147 000 000 Okorocha is the current senator representing Imo West Senatorial District in the National Assembly He is currently under N500 million bail and a surety in like sum Before granting Okorocha bail the court directed that the surety must be a responsible citizen of the country resident in Abuja and must have property worth the bail amount within the jurisdiction of the court According to Justice Ekwo Okorocha must not travel out of the country without the permission of the court must deposit his International Passport with the court and must make himself available in the court to face his trial and the second defendant Nyerere Anyim a k a Anyim Chinenye should continue to enjoy the administrative bail earlier granted him by the EFCC for exhibiting good conduct while on bail Some of the charges read That you Rochas Okorocha Anyim Nyerere and Naphtali International Ltd on or about the 24th October 2014 at Abuja within the jurisdiction of this Honourable Court converted the sum of N900 000 000 property of Imo State Government of Nigeria transferred from the Imo State Government House Account which you all reasonably ought to have known formed part of the proceeds of an unlawful act to wit stealing and thereby committed an offence contrary to Section 15 2 b of the Money Laundering Prohibition Act 2011 as amended and punishable under Section 15 3 of the Same Act That You Rochas Okorocha Anyim Nyerere and Perfect Finish Multi Projects Ltd on or about 28th August 2014 at Abuja within the jurisdiction of this Honourable Court converted the sum of N486 000 000 property of Imo State Government of Nigeria transferred from the Imo State Joint State Local government Project Account which you all reasonably ought to have known formed part of the proceeds of an unlawful act to wit stealing and thereby committed an offence contrary to Section 15 2 b of the Money Laundering Prohibition Act 2011 as amended and punishable under Section 15 3 of the same Act
    Alleged N3.1b fraud: Court to rule on Okorocha’s plea to quash charge February 6  
     A Federal High Court Abuja has fixed February 6 2023 for ruling on an application by a former governor of Imo State Senator Rochas Okorocha seeking to quash the 17 count criminal charge preferred against him by the Federal Government The Economic and Financial Crimes Commission EFCC is prosecuting the former governor over an alleged N3 1 billion fraud The former governor was arraigned alongside Anyim Nyerere Naphtali International Ltd Perfect Finish Multi Projects Ltd Consolid Projects Consulting Ltd Pramif International Ltd and Legend World Concepts Ltd Justice Inyang Ekwo fixed the date yesterday after counsel in the matter adopted their written addresses and other processes as their final arguments Ola Olanipekun SAN who announced their appearance for Okorocha having adopted all his processes urged the court to grant the application and quash the charge On his part the EFCC lawyer K N Ugwu prayed the trial judge to find and hold that the Motion on Notice filed by the first defendant Okorocha seeking to quash the charge lacks merit and should be dismissed accordingly Similarly Darlington Ozurumba representing Consolid Projects Consulting Ltd 5th defendant also adopted his Motion on Notice and urged Justice Ekwo to quash and dismiss the entire suit for being an abuse of the court process In opposition to the application the prosecution counsel told the court that the fifth defendant could not benefit from a judgment it was not part of Recall that the EFCC is prosecuting the former governor and six others on a 17 count charge bordering on conspiracy stealing conversion of public funds and money laundering to the tune of N3 147 000 000 Okorocha is the current senator representing Imo West Senatorial District in the National Assembly He is currently under N500 million bail and a surety in like sum Before granting Okorocha bail the court directed that the surety must be a responsible citizen of the country resident in Abuja and must have property worth the bail amount within the jurisdiction of the court According to Justice Ekwo Okorocha must not travel out of the country without the permission of the court must deposit his International Passport with the court and must make himself available in the court to face his trial and the second defendant Nyerere Anyim a k a Anyim Chinenye should continue to enjoy the administrative bail earlier granted him by the EFCC for exhibiting good conduct while on bail Some of the charges read That you Rochas Okorocha Anyim Nyerere and Naphtali International Ltd on or about the 24th October 2014 at Abuja within the jurisdiction of this Honourable Court converted the sum of N900 000 000 property of Imo State Government of Nigeria transferred from the Imo State Government House Account which you all reasonably ought to have known formed part of the proceeds of an unlawful act to wit stealing and thereby committed an offence contrary to Section 15 2 b of the Money Laundering Prohibition Act 2011 as amended and punishable under Section 15 3 of the Same Act That You Rochas Okorocha Anyim Nyerere and Perfect Finish Multi Projects Ltd on or about 28th August 2014 at Abuja within the jurisdiction of this Honourable Court converted the sum of N486 000 000 property of Imo State Government of Nigeria transferred from the Imo State Joint State Local government Project Account which you all reasonably ought to have known formed part of the proceeds of an unlawful act to wit stealing and thereby committed an offence contrary to Section 15 2 b of the Money Laundering Prohibition Act 2011 as amended and punishable under Section 15 3 of the same Act
    Alleged N3.1b fraud: Court to rule on Okorocha’s plea to quash charge February 6  
    Foreign1 week ago

    Alleged N3.1b fraud: Court to rule on Okorocha’s plea to quash charge February 6  

    A Federal High Court Abuja has fixed February 6, 2023, for ruling on an application by a former governor of Imo State, Senator Rochas Okorocha, seeking to quash the 17-count criminal charge preferred against him by the Federal Government. 

    The Economic and Financial Crimes Commission (EFCC) is prosecuting the former governor over an alleged N3.

    1 billion fraud.

    The former governor was arraigned alongside Anyim Nyerere, Naphtali International Ltd, Perfect Finish Multi Projects Ltd, Consolid Projects Consulting Ltd, Pramif International Ltd and Legend World Concepts Ltd. Justice Inyang Ekwo fixed the date yesterday after counsel in the matter adopted their written addresses and other processes as their final arguments. 

    Ola Olanipekun (SAN), who announced their appearance for Okorocha, having adopted all his processes, urged the court to grant the application and quash the charge.

    On his part, the EFCC lawyer, K.

    N.

    Ugwu, prayed the trial judge to find and hold that the Motion on Notice filed by the first defendant (Okorocha), seeking to quash the charge, lacks merit and should be dismissed accordingly.

    Similarly, Darlington Ozurumba, representing Consolid Projects Consulting Ltd (5th defendant), also adopted his Motion on Notice and urged Justice Ekwo to quash and dismiss the entire suit for being an abuse of the court process. 

    In opposition to the application, the prosecution counsel told the court that the fifth defendant could not benefit from a judgment it was not part of. 

    Recall that the EFCC is prosecuting the former governor and six others on a 17-count charge, bordering on conspiracy, stealing, conversion of public funds and money laundering to the tune of N3,147, 000, 000.

    Okorocha is the current senator representing Imo West Senatorial District in the National Assembly. 

    He is currently under N500 million bail and a surety in like sum. 

    Before granting Okorocha bail, the court directed that the surety must be a responsible citizen of the country, resident in Abuja, and must have property worth the bail amount within the jurisdiction of the court.

    According to Justice Ekwo, Okorocha must not travel out of the country without the permission of the court, must deposit his International Passport with the court and must make himself available in the court to face his trial and the second defendant, Nyerere Anyim (a.

    k.a Anyim Chinenye) should continue to enjoy the administrative bail earlier granted him by the EFCC for exhibiting good conduct while on bail.

    Some of the charges read: “That you, Rochas Okorocha, Anyim Nyerere and Naphtali International Ltd, on or about the 24th October 2014, at Abuja within the jurisdiction of this Honourable Court converted the sum of N900,000,000 property of Imo State Government of Nigeria transferred from the Imo State Government House Account, which you all reasonably ought to have known formed part of the proceeds of an unlawful act, to wit: stealing and thereby committed an offence contrary to Section 15(2)(b) of the Money Laundering (Prohibition) Act 2011, (as amended) and punishable under  Section 15(3) of the Same Act. “That You, Rochas Okorocha, Anyim Nyerere and Perfect Finish Multi Projects Ltd, on or about 28th August 2014, at Abuja within the jurisdiction of this Honourable Court converted the sum of N486,000,000 property of Imo State Government of Nigeria, transferred from the Imo State Joint State Local government Project Account, which you all reasonably ought to have known formed part of the proceeds of an unlawful act, to wit: stealing and thereby committed an offence contrary to Section 15(2)(b) of the Money Laundering (Prohibition) Act, 2011 (as amended) and punishable under Section 15(3) of the same Act”.

  •  The Delta Police Command said it has arrested five fake Economic and Financial Crimes Commission EFCC officials for allegedly breaking into their unsuspecting victims houses to forcefully extort millions of naira from them The State Police Spokesman DSP Bright Edafe in a statement yesterday in Asaba said the suspects included Prince Allison 29 George Chisom Onyeweagu 29 Duke Okoro 40 Joseph Osinachi 23 and Onyocha Stanley 32 Edafe revealed that the Police received a series of complaints from the public especially the youths who alleged that EFCC operatives usually break into their houses at night forcefully arrest them and extort them which partly gave rise to the End EFCC protest in Ughelli that led to the burning of over 13 trucks and destruction of property Edafe said following this information the command carried out a sting operation and trailed them to their hideout in a hotel in Asaba He also disclosed that a victim narrated how the suspects invaded his residence at night abducted him and collected N2 500 000 via cash transfer Edafe said Six of their victims have also identified them one of their victims stated that his house was stormed at night by the syndicate They gained entrance into the compound by scaling the fence broke into his apartment forcefully abducted and took him away in a white Toyota Hiace bus The victim further stated that on getting to head bridge the boundary between Delta and Anambra State they forcefully collected his phones and other valuables worth N3 700 000 made a cash transfer of N2 500 000 and told him that they would come back Five other victims also reported how they were robbed of N15 000 000 He assured residents that justice would be served and culprits are going to be duly prosecuted He advised the public especially the youth to rethink before taking laws into their hands
    Police arrest five ‘fake’ EFCC operatives in Delta
     The Delta Police Command said it has arrested five fake Economic and Financial Crimes Commission EFCC officials for allegedly breaking into their unsuspecting victims houses to forcefully extort millions of naira from them The State Police Spokesman DSP Bright Edafe in a statement yesterday in Asaba said the suspects included Prince Allison 29 George Chisom Onyeweagu 29 Duke Okoro 40 Joseph Osinachi 23 and Onyocha Stanley 32 Edafe revealed that the Police received a series of complaints from the public especially the youths who alleged that EFCC operatives usually break into their houses at night forcefully arrest them and extort them which partly gave rise to the End EFCC protest in Ughelli that led to the burning of over 13 trucks and destruction of property Edafe said following this information the command carried out a sting operation and trailed them to their hideout in a hotel in Asaba He also disclosed that a victim narrated how the suspects invaded his residence at night abducted him and collected N2 500 000 via cash transfer Edafe said Six of their victims have also identified them one of their victims stated that his house was stormed at night by the syndicate They gained entrance into the compound by scaling the fence broke into his apartment forcefully abducted and took him away in a white Toyota Hiace bus The victim further stated that on getting to head bridge the boundary between Delta and Anambra State they forcefully collected his phones and other valuables worth N3 700 000 made a cash transfer of N2 500 000 and told him that they would come back Five other victims also reported how they were robbed of N15 000 000 He assured residents that justice would be served and culprits are going to be duly prosecuted He advised the public especially the youth to rethink before taking laws into their hands
    Police arrest five ‘fake’ EFCC operatives in Delta
    Foreign1 week ago

    Police arrest five ‘fake’ EFCC operatives in Delta

    The Delta Police Command said it has arrested five ‘fake’ Economic and Financial Crimes Commission (EFCC) officials for allegedly breaking into their unsuspecting victims’ houses to forcefully extort millions of naira from them.

    The State Police Spokesman, DSP Bright Edafe, in a statement, yesterday, in Asaba, said the suspects included Prince Allison, 29; George Chisom Onyeweagu, 29; Duke Okoro, 40; Joseph Osinachi, 23; and Onyocha Stanley, 32.

    Edafe revealed that the Police received a series of complaints from the public, especially the youths, who alleged that EFCC operatives usually break into their houses at night, forcefully arrest them, and extort them, which partly gave rise to the #End EFCC” protest in Ughelli that led to the burning of over 13 trucks and destruction of property.

    Edafe said following this information, the command carried out a sting operation, and trailed them to their hideout in a hotel in Asaba.

    He also disclosed that a victim narrated how the suspects invaded his residence at night, abducted him and collected N2,500,000 via cash transfer.

    Edafe said: “Six of their victims have also identified them, one of their victims stated that his house was stormed at night by the syndicate.

    “They gained entrance into the compound by scaling the fence, broke into his apartment, forcefully abducted and took him away in a white Toyota Hiace bus.

    “The victim further stated that on getting to head bridge, the boundary between Delta and Anambra State, they forcefully collected his phones, and other valuables worth N3,700,000 made a cash transfer of N2,500,000 and told him that they would come back. 

    “Five other victims also reported how they were robbed of N15,000,000.

    ” He assured residents that justice would be served and culprits are going to be duly prosecuted.

    He advised the public, especially the youth, to rethink before taking laws into their hands.

  •  The Federal Capital Territory Police Command said it has arrested an elderly suspected serial fraudster who specialized in impersonating legal practitioners and senior law enforcement officers to defraud unsuspecting members of the public Police Public Relations Officer PPRO FCT Police Command DSP Josephine Adeh made the disclosure in Abuja She said the arrest of the Imposter identified as Olakunle Adesola a 61 years old resident of liberty Estate by spring road AMAC Abuja followed a series of petitions and reports at various formations units of the Police Command She noted that the rogue elder was apprehended on Sunday November 20 2022 by the command s intelligence asset attached to the Anti violence Crime section of the State Criminal investigations department SCID at our lady Queen of cathedral church Area III where scores of unsuspecting worshippers have reportedly been defrauded She said The suspect s modus operandi is to impersonate a senior Police Officer between the ranks of Commissioner and Assistant Inspector General of Police top ranking EFCC officials and or a legal practitioner who owns a law firm by the name Dr Kunle Adeshola amp Associate has successfully defrauded many to the tone of about Ten Million naira 10 000 000 The suspects when interviewed confessed to having been a perpetrator of this criminal enterprise as far back as the year 1980 Upon the arrest several forged documents unissued Police gear Tear gases and forged academic documents from various learning institutions were recovered in possession of the suspect DSP Adeh noted that while discrete investigation and effort to apprehend co perpetrators of this criminal enterprise are ongoing the Commissioner of Police FCT Command CP Babaji Sunday said the suspect has absolutely no past or present affiliation with the Police in status or otherwise and at any level He advised members of the public to be wary of such unscrupulous elements who parade themselves in such manner as the above or any other in other to defraud members of the public The CP also reaffirmed the Command s commitment to bringing crime and criminality in all its forms and expression to the barest minimum While painstaking effort is being deployed to ensure the above members of the public are therefore urged to maintain vigilance and report suspicious activities to the police She said
    FCT command nabs 61-year-old police impersonator
     The Federal Capital Territory Police Command said it has arrested an elderly suspected serial fraudster who specialized in impersonating legal practitioners and senior law enforcement officers to defraud unsuspecting members of the public Police Public Relations Officer PPRO FCT Police Command DSP Josephine Adeh made the disclosure in Abuja She said the arrest of the Imposter identified as Olakunle Adesola a 61 years old resident of liberty Estate by spring road AMAC Abuja followed a series of petitions and reports at various formations units of the Police Command She noted that the rogue elder was apprehended on Sunday November 20 2022 by the command s intelligence asset attached to the Anti violence Crime section of the State Criminal investigations department SCID at our lady Queen of cathedral church Area III where scores of unsuspecting worshippers have reportedly been defrauded She said The suspect s modus operandi is to impersonate a senior Police Officer between the ranks of Commissioner and Assistant Inspector General of Police top ranking EFCC officials and or a legal practitioner who owns a law firm by the name Dr Kunle Adeshola amp Associate has successfully defrauded many to the tone of about Ten Million naira 10 000 000 The suspects when interviewed confessed to having been a perpetrator of this criminal enterprise as far back as the year 1980 Upon the arrest several forged documents unissued Police gear Tear gases and forged academic documents from various learning institutions were recovered in possession of the suspect DSP Adeh noted that while discrete investigation and effort to apprehend co perpetrators of this criminal enterprise are ongoing the Commissioner of Police FCT Command CP Babaji Sunday said the suspect has absolutely no past or present affiliation with the Police in status or otherwise and at any level He advised members of the public to be wary of such unscrupulous elements who parade themselves in such manner as the above or any other in other to defraud members of the public The CP also reaffirmed the Command s commitment to bringing crime and criminality in all its forms and expression to the barest minimum While painstaking effort is being deployed to ensure the above members of the public are therefore urged to maintain vigilance and report suspicious activities to the police She said
    FCT command nabs 61-year-old police impersonator
    Foreign2 weeks ago

    FCT command nabs 61-year-old police impersonator

    The Federal Capital Territory Police Command said it has arrested an elderly suspected serial fraudster who specialized in impersonating legal practitioners and senior law enforcement officers to defraud unsuspecting members of the public.

    Police Public Relations Officer (PPRO), FCT Police Command, DSP Josephine Adeh, made the disclosure in Abuja.

    She said, the arrest of the Imposter, identified as Olakunle Adesola, a 61 years old resident of liberty Estate by spring road AMAC Abuja, followed a series of petitions and reports at various formations/ units of the Police Command.

    She noted that the rogue elder was apprehended on Sunday, November 20, 2022, by the command’s intelligence asset attached to the Anti-violence Crime section of the State Criminal investigations department (SCID ) at our lady Queen of cathedral church Area III where scores of unsuspecting worshippers have reportedly been defrauded.

    She said, “The suspect’s modus operandi is to impersonate a senior Police Officer between the ranks of Commissioner and Assistant Inspector General of Police, top-ranking EFCC officials, and/or a legal practitioner who owns a law firm by the name Dr Kunle Adeshola & Associate has successfully defrauded many to the tone of about Ten Million naira (10,000,000).

    The suspects when interviewed confessed to having been a perpetrator of this criminal enterprise as far back as the year 1980.

    Upon the arrest, several forged documents, unissued Police gear, Tear gases, and forged academic documents from various learning institutions were recovered in possession of the suspect”.

    DSP Adeh, noted that while discrete investigation and effort to apprehend co-perpetrators of this criminal enterprise are ongoing, the Commissioner of Police FCT Command CP Babaji Sunday said the suspect has absolutely no past or present affiliation with the Police in status or otherwise and at any level.

    He advised members of the public to be wary of such unscrupulous elements who parade themselves in such manner as the above or any other in other to defraud members of the public.

    The CP also reaffirmed the Command’s commitment to bringing crime and criminality in all its forms and expression to the barest minimum.

    “While painstaking effort is being deployed to ensure the above, members of the public are therefore urged to maintain vigilance and report suspicious activities to the police.

    ” She said.

  •   A federal High Court sitting in Abuja has adjourned till Friday November 25 to hear the preliminary objection of the former governor of Imo State Rochas Okorocha on the N3 1 billion fraud charges preferred against him by the Federal Government When the matter came up yesterday Okorocha s counsel Ola Olanipekun SAN informed the court that the business of the day was to hear the first defendant s Okorocha motion on notice seeking the quashing of the 17 count charge slammed against him The Economic and Financial Crimes Commission EFCC is prosecuting the former governor and six others on a 17 count charge bordering on conspiracy stealing conversion of public funds and money laundering to the tune of N3 147 000 000 The former governor who is the senator representing Imo West District in the National Assembly is currently enjoying an N500 million bail and a surety in like sum The surety who must be a responsible citizen of the country resident in Abuja must have property worth the bail amount within the jurisdiction of the court According to Ekwo Okorocha must not travel out of the country without the permission of the court must deposit his international passport with the court and must make himself available in the court to face his trial Also the second defendant Nyerere Anyim aka Anyim Chinenye should continue to enjoy the administrative bail earlier granted him by the EFCC for exhibiting good conduct while on bail
    Court fixes November 25 to hear Okorocha’s preliminary objection on alleged fraud
      A federal High Court sitting in Abuja has adjourned till Friday November 25 to hear the preliminary objection of the former governor of Imo State Rochas Okorocha on the N3 1 billion fraud charges preferred against him by the Federal Government When the matter came up yesterday Okorocha s counsel Ola Olanipekun SAN informed the court that the business of the day was to hear the first defendant s Okorocha motion on notice seeking the quashing of the 17 count charge slammed against him The Economic and Financial Crimes Commission EFCC is prosecuting the former governor and six others on a 17 count charge bordering on conspiracy stealing conversion of public funds and money laundering to the tune of N3 147 000 000 The former governor who is the senator representing Imo West District in the National Assembly is currently enjoying an N500 million bail and a surety in like sum The surety who must be a responsible citizen of the country resident in Abuja must have property worth the bail amount within the jurisdiction of the court According to Ekwo Okorocha must not travel out of the country without the permission of the court must deposit his international passport with the court and must make himself available in the court to face his trial Also the second defendant Nyerere Anyim aka Anyim Chinenye should continue to enjoy the administrative bail earlier granted him by the EFCC for exhibiting good conduct while on bail
    Court fixes November 25 to hear Okorocha’s preliminary objection on alleged fraud
    Foreign2 weeks ago

    Court fixes November 25 to hear Okorocha’s preliminary objection on alleged fraud

    A federal High Court sitting in Abuja has adjourned till Friday, November 25 to hear the preliminary objection of the former governor of Imo State, Rochas Okorocha, on the N3.

    1 billion fraud charges preferred against him by the Federal Government.

    When the matter came up, yesterday, Okorocha’s counsel, Ola Olanipekun (SAN), informed the court that the business of the day was to hear the first defendant’s (Okorocha) motion on notice seeking the quashing of the 17-count charge slammed against him.

    The Economic and Financial Crimes Commission (EFCC) is prosecuting the former governor and six others on a 17-count charge bordering on conspiracy, stealing, conversion of public funds and money laundering to the tune of N3,147,000,000.

    The former governor, who is the senator representing Imo West District in the National Assembly is currently enjoying an N500 million bail and a surety in like sum.

    The surety, who must be a responsible citizen of the country, resident in Abuja, must have property worth the bail amount within the jurisdiction of the court.

    According to Ekwo, Okorocha must not travel out of the country without the permission of the court, must deposit his international passport with the court and must make himself available in the court to face his trial.

    Also, the second defendant, Nyerere Anyim (aka Anyim Chinenye), should continue to enjoy the administrative bail earlier granted him by the EFCC for exhibiting good conduct while on bail.

  •   Arrests alleged currency speculator The Economic and Financial Crimes Commission EFCC has said that it has arrested some bureau de change operators across the country especially in Lagos and Abuja to sanitize the foreign exchange sector The EFCC Chairman Abdulrasheed Bawa stated this during a television program on sanitizing ungoverned operators in the forex sector EFCC spokesperson Wilson Uwujaren in a statement on Tuesday said Bawa was represented by the Commission s Director of Operations Abdulkarim Chukkol According to him the EFCC s arrest of BDC operators and currency speculators in the parallel market was not indiscriminate but a product of intelligence He said At the EFCC we work with intelligence and with other stakeholders and when we talk of illegal forex operators you cannot just invite people on the street even though sometimes you could but generally you do not have a choice but to make an arrest He stressed that the Commission considers foreign exchange malpractice as an economic crime against the Nigerian state adding that the Commission as far back as 2016 established a full fledged section known as the Foreign Exchange Malpractices Section and for over ten years maintained a visible presence at all airports in the country to checkmate incidences of bulk cash movement outside Nigeria which is another aspect of this menace He said through the Commission s presence at the major gateway into the country many arrests of cash smugglers have been made and humongous sums in foreign currencies recovered Some were arrested with an excess of 6 Million Six Million United States Dollars others with 2 Million Two Million United States Dollars and we know that these huge sums were not meant to be used in buying goods but stolen monies being laundered out of the country he said Bawa further stated that EFCC not only recovered some of these monies but secured their forfeiture to the federal government while the culprits were prosecuted He emphasized the need for active inter agency and stakeholders collaboration pointing out that many of the over 6 000 registered BDCs do not belong to the Association of Bureau De Change Operators of Nigeria and therefore out of the orbit of regulators The CBN guidelines are clear regarding returns by BDCs but how many of them do this he asked Meanwhile Uwujaren said as part of its ongoing operation to sanitize the foreign exchange sector and rid it of speculators and all shades of economic saboteurs the commission has arrested one Mustapha Muhammed alias Muaspaha Naira He was picked up by operatives of the Commission on Saturday November 12 2022 at Wuse Zone 4 the hub of parallel market operations in the Federal Capital Territory The suspect has made useful statements while the investigation continues Uwujaren stated
    Why we raided, arrested some BDC Operators – EFCC
      Arrests alleged currency speculator The Economic and Financial Crimes Commission EFCC has said that it has arrested some bureau de change operators across the country especially in Lagos and Abuja to sanitize the foreign exchange sector The EFCC Chairman Abdulrasheed Bawa stated this during a television program on sanitizing ungoverned operators in the forex sector EFCC spokesperson Wilson Uwujaren in a statement on Tuesday said Bawa was represented by the Commission s Director of Operations Abdulkarim Chukkol According to him the EFCC s arrest of BDC operators and currency speculators in the parallel market was not indiscriminate but a product of intelligence He said At the EFCC we work with intelligence and with other stakeholders and when we talk of illegal forex operators you cannot just invite people on the street even though sometimes you could but generally you do not have a choice but to make an arrest He stressed that the Commission considers foreign exchange malpractice as an economic crime against the Nigerian state adding that the Commission as far back as 2016 established a full fledged section known as the Foreign Exchange Malpractices Section and for over ten years maintained a visible presence at all airports in the country to checkmate incidences of bulk cash movement outside Nigeria which is another aspect of this menace He said through the Commission s presence at the major gateway into the country many arrests of cash smugglers have been made and humongous sums in foreign currencies recovered Some were arrested with an excess of 6 Million Six Million United States Dollars others with 2 Million Two Million United States Dollars and we know that these huge sums were not meant to be used in buying goods but stolen monies being laundered out of the country he said Bawa further stated that EFCC not only recovered some of these monies but secured their forfeiture to the federal government while the culprits were prosecuted He emphasized the need for active inter agency and stakeholders collaboration pointing out that many of the over 6 000 registered BDCs do not belong to the Association of Bureau De Change Operators of Nigeria and therefore out of the orbit of regulators The CBN guidelines are clear regarding returns by BDCs but how many of them do this he asked Meanwhile Uwujaren said as part of its ongoing operation to sanitize the foreign exchange sector and rid it of speculators and all shades of economic saboteurs the commission has arrested one Mustapha Muhammed alias Muaspaha Naira He was picked up by operatives of the Commission on Saturday November 12 2022 at Wuse Zone 4 the hub of parallel market operations in the Federal Capital Territory The suspect has made useful statements while the investigation continues Uwujaren stated
    Why we raided, arrested some BDC Operators – EFCC
    Foreign3 weeks ago

    Why we raided, arrested some BDC Operators – EFCC

    ***Arrests alleged currency speculator The Economic and Financial Crimes Commission (EFCC) has said that it has arrested some bureau de change operators across the country, especially in Lagos and Abuja, to sanitize the foreign exchange sector.

    The EFCC Chairman, Abdulrasheed Bawa, stated this during a television program on “sanitizing ungoverned operators in the forex sector.

    ” EFCC spokesperson, Wilson Uwujaren, in a statement on Tuesday said Bawa was represented by the Commission’s Director of Operations, Abdulkarim Chukkol According to him, the EFCC’s arrest of BDC operators and currency speculators in the parallel market was not indiscriminate but a product of intelligence.

    He said: “At the EFCC, we work with intelligence and with other stakeholders; and when we talk of illegal forex operators, you cannot just invite people on the street, even though sometimes you could, but generally you do not have a choice but to make an arrest.

    ” He stressed that the Commission considers foreign exchange malpractice as an economic crime against the Nigerian state, adding that the Commission, as far back as 2016, established a full-fledged section known as the Foreign Exchange Malpractices Section and, for over ten years, maintained a visible “presence at all airports in the country to checkmate incidences of bulk cash movement outside Nigeria, which is another aspect of this menace.

    ” He said through the Commission’s presence at the major gateway into the country, many arrests of cash smugglers have been made and humongous sums in foreign currencies recovered.

    “Some were arrested with an excess of $6 Million (Six Million United States Dollars), others with $2 Million (Two Million United States Dollars) and we know that these huge sums were not meant to be used in buying goods but stolen monies being laundered out of the country,” he said Bawa further stated that EFCC not only recovered some of these monies but secured their forfeiture to the federal government, while the culprits were prosecuted.

    He emphasized the need for active inter-agency and stakeholders collaboration, pointing out that many of the over 6,000 registered BDCs do not belong to the Association of Bureau De Change Operators of Nigeria and therefore out of the orbit of regulators.

    “The CBN guidelines are clear regarding returns by BDCs, but how many of them do this,” he asked.

    Meanwhile, Uwujaren said as part of its ongoing operation to sanitize the foreign exchange sector and rid it of speculators and all shades of economic saboteurs, the commission has arrested one Mustapha Muhammed alias Muaspaha Naira.

    “He was picked up by operatives of the Commission on Saturday, November 12, 2022, at Wuse Zone 4, the hub of parallel market operations in the Federal Capital Territory.

    “The suspect has made useful statements while the investigation continues,” Uwujaren stated.

  •  The Economic and Financial Crimes Commission EFCac on Friday arraigned former Attorney General and Commissioner for Justice in Lagos State Olasupo Shasore SAN on a 14 count money laundering charge Shasore was arraigned on a fresh charge before Justice Inyang Ekwo of a Federal High Court Abuja The News Agency of Nigeria had on Thursday reported that Shasore would be arraigned alongside his company Middlesex Investments Ltd today before Justice Ekwo While the Federal Republic of Nigeria is the complainant in the charge number 38622 filed on Aug 17 by the EFCC s counsel Bala Sanga Middlesex Investments Ltd and Shasore are 1st and 2nd defendants respectively Shasore is alleged to be a director and a signatory to the company s Guaranty Trust Bank account number 0005659394 The former commissioner however pleaded not guilty to the offences alleged to have been committed along with the company Following no objection to his bail request by EFCC S lawyer Sanga The judge ordered Shasore to continue to enjoy the terms of the administrative bail earlier granted him by the EFCC after the request was not opposed to by Sanga Justice Ekwo consequently adjourned the matter until March 13 March 14 March 15 March 16 and March 17 for trial He directed the anti graft agency s lawyer and counsel to the defendants Chief Olawale Akoni SAN to put their houses in order ahead of the trial dates NAN reports that the EFCC in count one alleged that between Sept 3 and Sept 11 2014 the firm and Mr Shasore failed to report in writing to the agency a single lodgement transaction of the sum of N60 million from Mandivera Global Resources Limited into the Guaranty Trust Bank Pic account number 0005659394 of MIddlesex Investments Limited Also in count five the EFCC alleged that between Aug 26 and Sept 3 2019 the defendants failed to report in writing to the agency a single transfer transaction of the sum of 30 000 dollars 30 000 00 from the GTB account number 0005659435 of Middlesex Investments Ltd to the account of Olasupo Shasore The agency said this should be in compliance with Section 10 1 b of the Money Laundering Prohibition Act 2011 as amended and punishable under Section 10 3 of the same act The suspects are further accused of failure to comply with the requirements of submitting to the Federal Ministry of Industry Trade and Investments a declaration of the activities of the company as specified under Section 5 1 a ii of the Money Laundering Prohibition Act 2011 as amended and punishable under Section 16 2 b of the same act among others NAN reports that the EFCC had on Oct 20 arraigned Shasore before the Ikeja Special Offences Court He was arraigned on a two count charge bordering on money laundering The former A G of Lagos State was brought before Justice Mojisola Dada barely 24 hours after he was arraigned at the Federal High Court Lagos division on a four count charge of money laundering Justice Dada consequently granted him bail and adjourned the trial until Dec 6 NewsSourceCredit NAN
    EFCC arraigns ex-Lagos A-G, Shasore, on 14-count money laundering charge
     The Economic and Financial Crimes Commission EFCac on Friday arraigned former Attorney General and Commissioner for Justice in Lagos State Olasupo Shasore SAN on a 14 count money laundering charge Shasore was arraigned on a fresh charge before Justice Inyang Ekwo of a Federal High Court Abuja The News Agency of Nigeria had on Thursday reported that Shasore would be arraigned alongside his company Middlesex Investments Ltd today before Justice Ekwo While the Federal Republic of Nigeria is the complainant in the charge number 38622 filed on Aug 17 by the EFCC s counsel Bala Sanga Middlesex Investments Ltd and Shasore are 1st and 2nd defendants respectively Shasore is alleged to be a director and a signatory to the company s Guaranty Trust Bank account number 0005659394 The former commissioner however pleaded not guilty to the offences alleged to have been committed along with the company Following no objection to his bail request by EFCC S lawyer Sanga The judge ordered Shasore to continue to enjoy the terms of the administrative bail earlier granted him by the EFCC after the request was not opposed to by Sanga Justice Ekwo consequently adjourned the matter until March 13 March 14 March 15 March 16 and March 17 for trial He directed the anti graft agency s lawyer and counsel to the defendants Chief Olawale Akoni SAN to put their houses in order ahead of the trial dates NAN reports that the EFCC in count one alleged that between Sept 3 and Sept 11 2014 the firm and Mr Shasore failed to report in writing to the agency a single lodgement transaction of the sum of N60 million from Mandivera Global Resources Limited into the Guaranty Trust Bank Pic account number 0005659394 of MIddlesex Investments Limited Also in count five the EFCC alleged that between Aug 26 and Sept 3 2019 the defendants failed to report in writing to the agency a single transfer transaction of the sum of 30 000 dollars 30 000 00 from the GTB account number 0005659435 of Middlesex Investments Ltd to the account of Olasupo Shasore The agency said this should be in compliance with Section 10 1 b of the Money Laundering Prohibition Act 2011 as amended and punishable under Section 10 3 of the same act The suspects are further accused of failure to comply with the requirements of submitting to the Federal Ministry of Industry Trade and Investments a declaration of the activities of the company as specified under Section 5 1 a ii of the Money Laundering Prohibition Act 2011 as amended and punishable under Section 16 2 b of the same act among others NAN reports that the EFCC had on Oct 20 arraigned Shasore before the Ikeja Special Offences Court He was arraigned on a two count charge bordering on money laundering The former A G of Lagos State was brought before Justice Mojisola Dada barely 24 hours after he was arraigned at the Federal High Court Lagos division on a four count charge of money laundering Justice Dada consequently granted him bail and adjourned the trial until Dec 6 NewsSourceCredit NAN
    EFCC arraigns ex-Lagos A-G, Shasore, on 14-count money laundering charge
    General news1 month ago

    EFCC arraigns ex-Lagos A-G, Shasore, on 14-count money laundering charge

    The Economic and Financial Crimes Commission (EFCac), on Friday, arraigned former Attorney General and Commissioner for Justice in Lagos State, Olasupo Shasore, SAN, on a 14-count money laundering charge.

    Shasore was arraigned on a fresh charge before Justice Inyang Ekwo of a Federal High Court, Abuja.

    The News Agency of Nigeria had, on Thursday, reported that Shasore would be arraigned alongside his company, Middlesex Investments Ltd., today before Justice Ekwo.While the Federal Republic of Nigeria is the complainant in the charge number: 38622 filed on Aug. 17 by the EFCC’s counsel, Bala Sanga, Middlesex Investments Ltd and Shasore are 1st and 2nd defendants respectively.

    Shasore is alleged to be a director and a signatory to the company’s Guaranty Trust Bank account number: 0005659394.The former commissioner, however, pleaded not guilty to the offences alleged to have been committed along with the company.

    Following no objection to his bail request by EFCC’S lawyer, Sanga,The judge ordered Shasore to continue to enjoy the terms of the administrative bail earlier granted him by the EFCC, after the request was not opposed to by Sanga.

    Justice Ekwo consequently adjourned the matter until March 13, March 14, March 15, March 16 and March 17 for trial.

    He directed the anti-graft agency’s lawyer and counsel to the defendants, Chief Olawale Akoni, SAN, to put their houses in order ahead of the trial dates.

    NAN reports that the EFCC, in count one, alleged that between Sept. 3 and Sept. 11, 2014, the firm and Mr Shasore failed to report in writing to the agency a single lodgement transaction of the sum of N60 million from Mandivera Global Resources Limited into the Guaranty Trust Bank Pic account number 0005659394 of MIddlesex Investments Limited.

    Also in count five, the EFCC alleged that between Aug. 26 and Sept. 3, 2019, the defendants failed to report in writing to the agency a single transfer transaction of the sum of 30, 000 dollars ($30,000.00) from the GTB account number 0005659435 of Middlesex Investments Ltd to the account of Olasupo Shasore.

    The agency said this should be in compliance with Section 10(1)b of the Money Laundering Prohibition Act 2011 (as amended) and punishable under Section 10(3) of the same act.

    The suspects are further accused of failure to comply with the requirements of submitting to the Federal Ministry of Industry, Trade and Investments, a declaration of the activities of the company as specified under Section 5(1)(a)(ii) of the Money Laundering (Prohibition) Act, 2011(as amended) and punishable under Section 16(2)(b)of the same act, among others.

    NAN reports that the EFCC had, on Oct. 20, arraigned Shasore before the Ikeja Special Offences Court.

    He was arraigned on a two-count charge bordering on money laundering.

    The former A-G of Lagos State was brought before Justice Mojisola Dada barely 24 hours after he was arraigned at the Federal High Court, Lagos division, on a four-count charge of money laundering.

    Justice Dada consequently granted him bail and adjourned the trial until Dec. 6.
    NewsSourceCredit: NAN

  •  The Federal High Court in Lagos on Friday adjourned the alleged money laundering trial of former Governor of Ekiti state Ayodele Fayose until Jan 31 and Feb 1 The case was earlier scheduled for continuation of trial on Oct 26 but could not proceed due to a mix up in the date while a new trial date was to be agreed on by parties and fixed by the court Fayose is being prosecuted by the Economic and Financial Crimes Commission EFCC over N6 9billion fraud and money laundering charges He was first arraigned on Oct 22 2018 before Justice Mojisola Olatotegun alongside his company Spotless Investment Ltd on 11 counts bordering on fraud and money laundering offences He had pleaded not guilty to the charges and was granted bail on Oct 24 2018 in the sum of N50 million with sureties in like sum The defendant was subsequently re arraigned before Justice Chukwujekwu Aneke on July 2 2019 after the case was withdrawn from Justice Olatoregun following EFCC s petition He had also pleaded not guilty to the charges and was allowed to continue on the earlier bail granted while the case was adjourned for trial The commission has since opened its case before Justice Aneke and is still leading witnesses in evidence In December 2021 EFCC had called its 11th witness one Mrs Joanne Tolulope who had narrated how Abiodun Agbele an associate of Fayose bought properties worth several millions Trial will now continue on Jan 31 2023 The News Agency of Nigeria recalls that during trial before Justice Olatoregun the prosecution had called witnesses from several commercial banks as well as a former Minister of State for Defence Sen Musiliu Obanikoro The EFCC alleged that on June 17 2014 Fayose and one Abiodun Agbele were said to have taken possession of the sum of N1 2 billion The money was said to be for the purposes of funding his gubernatorial election campaign in Ekiti a sum they reasonably ought to have known formed part of crime proceeds Fayose was alleged to have received a cash payment of five million dollars about N1 8 billion from the then Minister of State for Defence Sen Musiliu Obanikoro without going through any financial institution He was also alleged to have retained N300 million in his account and took control of the aggregate sums of about N622 million which sum he reasonably ought to have known formed part of crime proceeds Fayose was alleged to have procured De Privateer Ltd and Still Earth Ltd to retain the aggregate sum of N851 million which they reasonably ought to have known formed part of crime proceeds Besides the defendant was alleged to have used the aggregate sum of about N1 6 billion to acquire properties in Lagos and Abuja which he reasonably ought to have known formed part of crime proceeds He was also alleged to have used N200 million to acquire a property in Abuja in the name of his older sister Moji Oladeji The offence the anti graft agency said contravened the provisions of sections 15 1 15 2 15 3 16 2 b 16 d and 18 c of the Money Laundering Prohibition Act 2011 NewsSourceCredit NAN
    Alleged N6.9bn fraud: Court adjourns Fayose’s trial until Jan. 31,
     The Federal High Court in Lagos on Friday adjourned the alleged money laundering trial of former Governor of Ekiti state Ayodele Fayose until Jan 31 and Feb 1 The case was earlier scheduled for continuation of trial on Oct 26 but could not proceed due to a mix up in the date while a new trial date was to be agreed on by parties and fixed by the court Fayose is being prosecuted by the Economic and Financial Crimes Commission EFCC over N6 9billion fraud and money laundering charges He was first arraigned on Oct 22 2018 before Justice Mojisola Olatotegun alongside his company Spotless Investment Ltd on 11 counts bordering on fraud and money laundering offences He had pleaded not guilty to the charges and was granted bail on Oct 24 2018 in the sum of N50 million with sureties in like sum The defendant was subsequently re arraigned before Justice Chukwujekwu Aneke on July 2 2019 after the case was withdrawn from Justice Olatoregun following EFCC s petition He had also pleaded not guilty to the charges and was allowed to continue on the earlier bail granted while the case was adjourned for trial The commission has since opened its case before Justice Aneke and is still leading witnesses in evidence In December 2021 EFCC had called its 11th witness one Mrs Joanne Tolulope who had narrated how Abiodun Agbele an associate of Fayose bought properties worth several millions Trial will now continue on Jan 31 2023 The News Agency of Nigeria recalls that during trial before Justice Olatoregun the prosecution had called witnesses from several commercial banks as well as a former Minister of State for Defence Sen Musiliu Obanikoro The EFCC alleged that on June 17 2014 Fayose and one Abiodun Agbele were said to have taken possession of the sum of N1 2 billion The money was said to be for the purposes of funding his gubernatorial election campaign in Ekiti a sum they reasonably ought to have known formed part of crime proceeds Fayose was alleged to have received a cash payment of five million dollars about N1 8 billion from the then Minister of State for Defence Sen Musiliu Obanikoro without going through any financial institution He was also alleged to have retained N300 million in his account and took control of the aggregate sums of about N622 million which sum he reasonably ought to have known formed part of crime proceeds Fayose was alleged to have procured De Privateer Ltd and Still Earth Ltd to retain the aggregate sum of N851 million which they reasonably ought to have known formed part of crime proceeds Besides the defendant was alleged to have used the aggregate sum of about N1 6 billion to acquire properties in Lagos and Abuja which he reasonably ought to have known formed part of crime proceeds He was also alleged to have used N200 million to acquire a property in Abuja in the name of his older sister Moji Oladeji The offence the anti graft agency said contravened the provisions of sections 15 1 15 2 15 3 16 2 b 16 d and 18 c of the Money Laundering Prohibition Act 2011 NewsSourceCredit NAN
    Alleged N6.9bn fraud: Court adjourns Fayose’s trial until Jan. 31,
    General news1 month ago

    Alleged N6.9bn fraud: Court adjourns Fayose’s trial until Jan. 31,

    The Federal High Court in Lagos on Friday adjourned the alleged money laundering trial of former Governor of Ekiti state, Ayodele Fayose, until Jan. 31 and Feb. 1. The case was earlier scheduled for continuation of trial on Oct. 26, but  could not proceed due to a mix up in the date, while a new trial date was to be agreed on by parties and fixed by the court.

    Fayose is being prosecuted by the Economic and Financial Crimes Commission (EFCC) over N6.9billion fraud and money laundering charges.

    He was first arraigned on Oct. 22. 2018, before Justice Mojisola Olatotegun, alongside his company, Spotless Investment Ltd, on 11 counts bordering on fraud and money laundering offences.

    He had pleaded not guilty to the charges and was granted bail on Oct. 24, 2018, in the sum of N50 million with sureties in like sum.

    The defendant was subsequently, re-arraigned before Justice Chukwujekwu Aneke, on July 2, 2019, after the case was withdrawn from Justice Olatoregun, following EFCC’s petition.

    He had also pleaded not guilty to the charges and was allowed to continue on the earlier bail granted, while the case was adjourned for trial.

    The commission has since opened its case before Justice Aneke, and is still leading witnesses in evidence.

    In December 2021, EFCC had called its 11th witness, one Mrs Joanne Tolulope, who had narrated how Abiodun Agbele, an associate of Fayose, bought properties worth several millions.

    Trial will now continue on Jan. 31, 2023. The News Agency of Nigeria recalls that during trial before Justice Olatoregun the prosecution had called witnesses, from several commercial banks, as well as a former Minister of State for Defence, Sen. Musiliu Obanikoro.

    The EFCC alleged that on June 17, 2014, Fayose and one Abiodun Agbele were said to have taken possession of the sum of N1.2 billion.

    The money was said to be for the purposes of funding his gubernatorial election campaign in Ekiti, a sum they reasonably ought to have known formed part of crime proceeds.

    Fayose was alleged to have received a cash payment of five million dollars, (about N1.8 billion) from the then Minister of State for Defence, Sen. Musiliu Obanikoro, without going through any financial institution.

    He was also alleged to have retained N300 million in his account and took control of the aggregate sums of about N622 million which sum he reasonably ought to have known formed part of crime proceeds.

    Fayose was alleged to have procured De Privateer Ltd and Still Earth Ltd, to retain the aggregate sum of N851 million which they reasonably ought to have known formed part of crime proceeds.

    Besides, the defendant was alleged to have used the aggregate sum of about N1.6 billion to acquire properties in Lagos and Abuja, which he reasonably ought to have known formed part of crime proceeds.

    He was also alleged to have used N200 million, to acquire a property in Abuja, in the name of his older sister Moji Oladeji.

    The offence, the anti-graft agency said, contravened the provisions of sections 15(1), 15 (2), 15 (3), 16(2)(b), 16 (d), and 18 (c) of the Money Laundering Prohibition Act 2011.
    NewsSourceCredit: NAN

  •  An Ikeja Special Offences Court on Thursday revoked the bail of a businesswoman Blessing Adanu and declared her wanted for allegedly defrauding her client of N47 million The News Agency of Nigeria reports that Adanu is charged by the Economic and Financial Crimes Commission EFCC on two counts obtaining money by false pretence and theft The defendant had pleaded not guilty to the charge when she was arraigned in Dec 19 2019 Justice Justice Mojisola Dada revoked the bail of the defendant following her absence in court Dada ordered for her arrest against the next date and ordered EFCC to declare the defendant wanted The judge adjourned the case until Dec 2 for adoption of final written address The EFCC counsel Mr Samuel Daji had informed the court that the case which was slated for adoption of final written address could not go on due to the absence of the defendant Daji moved an application urging the court to revoke the bail of the defendant The prosecutor argued that it was not the first time the defendant was absent in court and that it was obvious that the defendant had jumped bail The defence counsel Mr Olarenwaju Ajanaku did not oppose the application of the prosecution and also expressed surprise at the absence of the defendant NAN reports that EFCC accused the defendant of trading under the name and style of Emerald Multipurpose Cooperative Society to defraud one Mrs Favour Nnamani According to EFCC the alleged offences contravened Section 1 1 and 1 3 of the Advance Fee Fraud and Other Fraud Related Offences Act 2006 and Section 278 of the Criminal Law of Lagos 2011 www ng NewsSourceCredit NAN
    Alleged N47m fraud: Court declares businesswoman wanted
     An Ikeja Special Offences Court on Thursday revoked the bail of a businesswoman Blessing Adanu and declared her wanted for allegedly defrauding her client of N47 million The News Agency of Nigeria reports that Adanu is charged by the Economic and Financial Crimes Commission EFCC on two counts obtaining money by false pretence and theft The defendant had pleaded not guilty to the charge when she was arraigned in Dec 19 2019 Justice Justice Mojisola Dada revoked the bail of the defendant following her absence in court Dada ordered for her arrest against the next date and ordered EFCC to declare the defendant wanted The judge adjourned the case until Dec 2 for adoption of final written address The EFCC counsel Mr Samuel Daji had informed the court that the case which was slated for adoption of final written address could not go on due to the absence of the defendant Daji moved an application urging the court to revoke the bail of the defendant The prosecutor argued that it was not the first time the defendant was absent in court and that it was obvious that the defendant had jumped bail The defence counsel Mr Olarenwaju Ajanaku did not oppose the application of the prosecution and also expressed surprise at the absence of the defendant NAN reports that EFCC accused the defendant of trading under the name and style of Emerald Multipurpose Cooperative Society to defraud one Mrs Favour Nnamani According to EFCC the alleged offences contravened Section 1 1 and 1 3 of the Advance Fee Fraud and Other Fraud Related Offences Act 2006 and Section 278 of the Criminal Law of Lagos 2011 www ng NewsSourceCredit NAN
    Alleged N47m fraud: Court declares businesswoman wanted
    General news1 month ago

    Alleged N47m fraud: Court declares businesswoman wanted

    An Ikeja Special Offences Court on Thursday revoked the bail of a businesswoman, Blessing Adanu, and declared her wanted for allegedly defrauding her client of  N47 million.

    The News Agency of Nigeria reports that Adanu is charged by the Economic and Financial Crimes Commission (EFCC), on two counts obtaining money by false pretence and theft.

    The defendant had pleaded not guilty to the charge when she was arraigned in Dec.19, 2019. Justice Justice Mojisola Dada revoked the bail of the defendant, following her absence in court.

    Dada  ordered for her arrest against the next date and ordered  EFCC to declare the defendant  wanted.

    The judge adjourned the case until Dec. 2 for adoption of final written address.

    The EFCC counsel, Mr, Samuel  Daji had informed the court that the case which was slated for adoption of final written address could not go on due to the absence of the defendant.

    Daji moved an application  urging the court to revoke the bail of the defendant.

    The prosecutor argued that it was not the first time  the defendant was absent in court and that it was obvious that the defendant had jumped bail.

    The defence counsel, Mr Olarenwaju Ajanaku, did not oppose the application of the prosecution and also expressed surprise at the absence of the defendant.

    NAN reports that EFCC accused the defendant of trading under the name and style of Emerald Multipurpose Cooperative Society to defraud one Mrs Favour Nnamani.

    According to EFCC, the alleged offences contravened Section 1(1) and 1(3) of the Advance Fee Fraud and Other Fraud Related Offences Act 2006, and Section 278 of the Criminal Law of Lagos 2011  www.

    ng
    NewsSourceCredit: NAN

  •  The Economic and Financial Crimes Commission EFCC will on Friday arraign a former Lagos State Attorney General and Commissioner for Justice Olasupo Shasore SAN before a Federal High Court Abuja Shasore the News Agency of Nigeria gathered will be arraigned alongside a company Middlesex Investments Ltd before Justice Inyang Ekwo on 14 count charge bordering on money laundering NAN reports that while the Federal Republic of Nigeria is the complainant in the charge number 38622 filed on Aug 17 by the EFCC s counsel Bala Sanga Middlesex Investments Ltd and Shasore are 1st and 2nd defendants respectively Shasore is said to be a director and a signatory to the company s Guaranty Trust Bank account number 0005659394 The anti graft agency in count one alleged that between Sept 3 and Sept 11 2014 the firm and Mr Shasore failed to report in writing to the agency a single lodgement transaction of the sum of N60 million from Mandivera Global Resources Limited into the Guaranty Trust Bank Pic account number 0005659394 of MIddlesex Investments Limited Also in count five the EFCC alleged that between Aug 26 and Sept 3 2019 the defendants failed to report in writing to the agency a single transfer transaction of the sum of 30 000 dollars 30 000 00 from the GTB account number 0005659435 of Middlesex Investments Ltd to the account of Olasupo Shasore The agency said this should be in compliance with Section 10 1 b of the Money Laundering Prohibition Act 2011 as amended and punishable under Section 10 3 of the same act The suspects are further accused of failure to comply with the requirements of submitting to the Federal Ministry of Industry Trade and Investments a declaration of the activities of the company as specified under Section 5 1 a ii of the Money Laundering Prohibition Act 2011 as amended and punishable under Section 16 2 b of the same act among others NAN reports that the EFCC had on Oct 20 arraigned Shasore before the Ikeja Special Offences Court He was arraigned on a two count charge bordering on money laundering The former A G of Lagos State was brought before Justice Mojisola Dada barely 24 hours after he was arraigned at the Federal High Court Lagos division on a four count charge of money laundering Justice Dada consequently granted him bail and adjourned the trial until Dec 6 NewsSourceCredit NAN
    Alleged money laundering: EFCC to rearraign ex-Lagos A-G, Shasore
     The Economic and Financial Crimes Commission EFCC will on Friday arraign a former Lagos State Attorney General and Commissioner for Justice Olasupo Shasore SAN before a Federal High Court Abuja Shasore the News Agency of Nigeria gathered will be arraigned alongside a company Middlesex Investments Ltd before Justice Inyang Ekwo on 14 count charge bordering on money laundering NAN reports that while the Federal Republic of Nigeria is the complainant in the charge number 38622 filed on Aug 17 by the EFCC s counsel Bala Sanga Middlesex Investments Ltd and Shasore are 1st and 2nd defendants respectively Shasore is said to be a director and a signatory to the company s Guaranty Trust Bank account number 0005659394 The anti graft agency in count one alleged that between Sept 3 and Sept 11 2014 the firm and Mr Shasore failed to report in writing to the agency a single lodgement transaction of the sum of N60 million from Mandivera Global Resources Limited into the Guaranty Trust Bank Pic account number 0005659394 of MIddlesex Investments Limited Also in count five the EFCC alleged that between Aug 26 and Sept 3 2019 the defendants failed to report in writing to the agency a single transfer transaction of the sum of 30 000 dollars 30 000 00 from the GTB account number 0005659435 of Middlesex Investments Ltd to the account of Olasupo Shasore The agency said this should be in compliance with Section 10 1 b of the Money Laundering Prohibition Act 2011 as amended and punishable under Section 10 3 of the same act The suspects are further accused of failure to comply with the requirements of submitting to the Federal Ministry of Industry Trade and Investments a declaration of the activities of the company as specified under Section 5 1 a ii of the Money Laundering Prohibition Act 2011 as amended and punishable under Section 16 2 b of the same act among others NAN reports that the EFCC had on Oct 20 arraigned Shasore before the Ikeja Special Offences Court He was arraigned on a two count charge bordering on money laundering The former A G of Lagos State was brought before Justice Mojisola Dada barely 24 hours after he was arraigned at the Federal High Court Lagos division on a four count charge of money laundering Justice Dada consequently granted him bail and adjourned the trial until Dec 6 NewsSourceCredit NAN
    Alleged money laundering: EFCC to rearraign ex-Lagos A-G, Shasore
    General news1 month ago

    Alleged money laundering: EFCC to rearraign ex-Lagos A-G, Shasore

    The Economic and Financial Crimes Commission (EFCC) will, on Friday, arraign a former Lagos State Attorney General and Commissioner for Justice, Olasupo Shasore, SAN, before a Federal High Court, Abuja.

    Shasore, the News Agency of Nigeria gathered, will be arraigned alongside a company, Middlesex Investments Ltd., before Justice Inyang Ekwo on 14-count charge bordering on money laundering.

    NAN reports that while the Federal Republic of Nigeria is the complainant in the charge number: 38622 filed on Aug. 17 by the EFCC’s counsel, Bala Sanga, Middlesex Investments Ltd and Shasore are 1st and 2nd defendants respectively.

    Shasore is said to be a director and a signatory to the company’s Guaranty Trust Bank account number: 0005659394.The anti-graft agency, in count one, alleged that between Sept. 3 and Sept. 11, 2014, the firm and Mr Shasore failed to report in writing to the agency a single lodgement transaction of the sum of N60 million from Mandivera Global Resources Limited into the Guaranty Trust Bank Pic account number 0005659394 of MIddlesex Investments Limited.

    Also in count five, the EFCC alleged that between Aug. 26 and Sept. 3, 2019, the defendants failed to report in writing to the agency a single transfer transaction of the sum of 30, 000 dollars ($30,000.00) from the GTB account number 0005659435 of Middlesex Investments Ltd to the account of Olasupo Shasore.

    The agency said this should be in compliance with Section 10(1)b of the Money Laundering Prohibition Act 2011 (as amended) and punishable under Section 10(3) of the same act.

    The suspects are further accused of failure to comply with the requirements of submitting to the Federal Ministry of Industry, Trade and Investments, a declaration of the activities of the company as specified under Section 5(1)(a)(ii) of the Money Laundering (Prohibition) Act, 2011(as amended) and punishable under Section 16(2)(b)of the same act, among others.

    NAN reports that the EFCC had, on Oct. 20, arraigned Shasore before the Ikeja Special Offences Court.

    He was arraigned on a two-count charge bordering on money laundering.

    The former A-G of Lagos State was brought before Justice Mojisola Dada barely 24 hours after he was arraigned at the Federal High Court, Lagos division, on a four-count charge of money laundering.

    Justice Dada consequently granted him bail and adjourned the trial until Dec. 6.
    NewsSourceCredit: NAN

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