The Economic and Financial Crimes Commission, EFCC has confirmed the arrest of Mr. Ehi Okomoyon, former Managing Director of the Nigerian Security Printing and Minting Company. P.M. NEWS gathered that Okoyomon who was forced to retire over the N2billion missing notes from the Mint under his leadership was arrested on Sunday by operatives of the [...]
A bureau de change operator at the Murtala Mohammed International Airport, Lagos, Alhaji Usman Sani has dragged the former Inspector General of Police, IGP, Mr. Tafa Balogun before an Ikeja High Court for allegedly using the police to harass and intimidate him and his family Sani in the suit filed alongside his colleague, Alhaji Ahmed [...]
Russia’s central bank said Wednesday that $49 billion had left the country illegally last year in a staggering capital flight equal to 2.5 percent of the country’s total economic product. The total outflows of capital from Russia — transactions that include tax payments and the transfer of profits made through investments — slipped to $56.8 [...]
Nnamdi Felix / Abuja A forex currency smuggler who delayed his sentencing by a Nigerian Federal High Court siting in Abuja after he changed his earlier guilty plea was on Wednesday sentenced by the court. The smuggler, Mallam Abulrasheed Ibrahim was convicted for attempting to smuggle the sum of $188,858 out of the country. Ibrahim [...]
Nnamdi Felix / Abuja An alleged money launderer, Abdulrasheed Ibrahim, who was slated for sentencing on Monday having pleaded guilty to an alleged attempt to launder $188, 858 out of Nigeria through a Dubai/United Arab Emirates bound Ethiopian Airline, stunned a federal high court sitting in Abuja when he denied his earlier admittance of guilt. [...]
A Nigerian Federal High Court sitting in Abuja will on Monday January 21, 2013 sentence one Abdulrasheed Ibrahim for attempting to smuggle $188,858 out of Nigeria . The accused person on Thursday January 17, 2013 pleaded guilty to the one count charge of money laundering preferred against him by the Economic and Financial Crimes Commission, [...]
The Nigeria Customs Service on Friday arrested a Hong Kong-bound passenger at Murtala Mohammed International Airport, Lagos, with 767,500 dollars. The Customs Command at the airport said the passenger was arrested while boarding Emirates flight number EK782 to Hong Kong, via Dubai. The Public Relations Officer of the Customs Service at the airport, Mrs Thelma [...]
