For failure to comply with the anti-money laundering and terrorism requirements, the Central Bank of Nigeria (CBN) has imposed heavy sanctions, not only on any financial institution found culpable of any of the 48 money laundering infractions, but also on their directors and top management staff. The new regime of sanctions was contained in a […]
Read More
The Nigerian Central Bank Governor, Mr. Godwin Emefiele, has given an assurance that the bank will intensify its fight against money laundering and other financial crimes in the banking sector. He stated this in Abuja on Monday at the opening session of the ‘Regional course on combatting money laundering and other financial crimes’. The event […]
Read More
Four firms charged with money laundering, alongside a former Special Adviser on Domestic Affairs to ex-President Goodluck Jonathan, Waripamo-Owei Dudafa, have pleaded guilty to the offence. The four companies pleaded guilty to conspiring with Dudafa; a lawyer, Amajuoyi Briggs; and a banker, Adedamola Bolodeoku, to launder a sum of $15,591,700 on or about November 13, […]
Read More
The ECOWAS Inter-Governmental Action Group against Money Laundering and Terrorism Financing in West Africa (GIABA) has met this with regional stakeholders in Dakar to discuss the global emerging trends in anti-money laundering and ways to combat terrorism financing . According to a statement by the sub-regional body, the move was aimed at creating a better […]
Read More
THE National Human Rights Commission (NHRC) has sought the assistance of the United States government in halting money laundering and illegal importation of arms and ammunitions into the country. NHRC’s Executive Secretary, Prof. Bem Angwe, said this while a 10-member U.S delegation on defense and security visited him in his office in Abuja, Tuesday. Angwe […]
Read More
SEVERAL years after he allegedly jumped bail in the United Kingdom, former Plateau State governor, Joshua Chibi Dariye, is still wanted in that country in relation to a money laundering case for which he was arrested and detained briefly by the London Metropolitan Police in 2004. A detective with the Economic and Financial Crimes Commission […]
Read More
