Tag Archives: Fraud

A Lagos Business man,Chizoba Okafor,  has been arraigned before a Federal high court,in Lagos,by the Police prosecuting counsel, Barrister Azubuike Sylvester from the Legal Department of the Nigeria Police Force, on two count charge of conspiracy and obtaining by false pretence.

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Hearing in the case filed by the Economic and Financial Crimes Commission against Ali Bello and another over an alleged N3bn fraud has been adjourned till May 22, 2023 for continuation of hearing.

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The All Progressive Congress (APC) gubernatorial candidate in the September 2020 election in Edo State, Pastor Osagie Ize-Iyamu who is currently facing a N700 million fraud charges at the Federal High Court sitting in Benin City with four other defendants, has had the case adjourned to July 2.

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The Economic and Financial Crimes Commission, (EFCC) Gombe Zonal Office, has convicted one Prince Musa, who had impersonated Senator Bulus Amos, representing Gombe South Senatorial District.

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  Mounir Gwarzo, Director-General of the Securities and Exchange Commission (SEC), allegedly got a severance package of N104 million from the same commission shortly after he was named DG in 2015, Thecable news has said. He was an executive commissioner at SEC when former President Goodluck Jonathan appointed him to lead the commission on May 22, 2015. On assuming office …

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Tayo Olanipekun Lagos State Government on Tuesday arraigned two of members of its staff over allegations of fraud. The duo of Babajide Odekunle and Olugbenga Omolewu of the Lagos State Infrastructure Maintenance and Regulatory Agency (LASIMRA) were arraigned at the Ikeja Magistrate Court. They both faced a two-count charge bordering on fraud and falsifying the account of LASIMRA, “thereby committing …

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Lagos State Government on Tuesday arraigned two of members of its staff over allegations of fraud. The duo of Babajide Odekunle and Olugbenga Omolewu of the Lagos State Infrastructure Maintenance and Regulatory Agency (LASIMRA) were arraigned at the Ikeja Magistrate Court. They both faced a two-count charge bordering on fraud and falsifying the account of LASIMRA, “thereby committing a grave …

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Folake Sokoya The Police Special Fraud Unit (PSFU), on Monday in Lagos, announced the arrest of 11 suspected fraudsters, including three bankers with a new generation bank, over N150 million fraud. The unit’s spokesman, ASP Lawal Audu confirmed the arrest to newsmen Ikoyi, Lagos, stressing that two of the suspects were employees of a network service provider. The suspected bankers …

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FG audits 33 agencies, uncovers N450 bn unremitted revenue The Federal Government is set to recover about N450 billion operating surpluses that were not returned by 33 agencies from 2010 to 2015. According to agency report, the Minister of Finance, Kemi Adeousun, made the announcement on Thursday in Abuja at a news conference. She said that an audit had been …

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The Senate has announced the engagement of international forensic experts to probe the involvement of Minister of Trade and Investment, Okechukwu Enelamah, Diamond Bank and IBTC Bank, among others in a case of alleged repatriation of $13.9 billion by telecoms giant, MTN. Chairman of the Senate Committee on Banking, Insurance and other Financial Institutions, Sen. Rafui Ibrahim (APC, Kwara) disclosed …

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