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Jerry Eze recounts ordeal during EFCC alleged money laundering probe

Pastor Jerry Eze has opened up about his emotional ordeal during a six month investigation by the Economic and Financial Crimes Commission over alleged money laundering. He spoke at the Jerry Eze Foundation Business Grant Award Ceremony in Abuja while reacting to recent comments by EFCC chairman Ola Olukoyede about the case. Eze, lead pastor of Streams of Joy International, said the period of the probe was deeply distressing for him. He recalled calling fellow pastors, including Poju Oyemade and Pastor Sarah, to ask what he had done wrong and why he was being targeted when he believed he had done nothing. According to him, the investigation weighed heavily on his mind even though he was confident he had no reason to fear. He said people often see headlines but do not understand the anxiety and pressure that come with […]

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Fed Govt sets up panel on 200b gas power rail plan

The Federal Government has set up an inter agency technical committee to review a proposed 200 billion dollar Integrated Gas Power and High Speed Rail Project. The move signals a cautious approach to one of the most ambitious infrastructure proposals in Nigeria’s history. Secretary to the Government of the Federation George Akume inaugurated the panel in Abuja and asked members to carry out a thorough and professional assessment of the proposal to guide decisions in the national interest. The committee will evaluate a submission by De Sadel Nigeria Limited working with China Liancai Petroleum Investment Holdings Limited for a multi phase project that combines gas development, power generation and transmission, and a 4,000 kilometre high speed rail network. Akume said the size and complexity of the plan require rigorous scrutiny. He stressed that government must be satisfied with its technical […]

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EFCC Insists On Retrial Of Sule Lamido By Former Judge

The Economic and Financial Crimes Commission (EFCC) has insisted that the retrial of former Jigawa State governor Sule Lamido on alleged N1.35 billion fraud charges should be handled by the original trial judge, Justice Ijeoma Ojukwu. The anti graft agency revealed it has written to the Chief Judge of the Federal High Court, Justice John Tsoho, requesting that Justice Ojukwu, who was transferred to the Calabar division, be brought back to Abuja to continue with the case. Lamido, his two sons Aminu and Mustapha, and some companies are facing a 37 count charge bordering on money laundering and alleged diversion of funds linked to Jigawa State contracts while he was governor. The defendants were first arraigned in 2015, but in July 2023 the Court of Appeal upheld their no case submissions and struck out the charges, prompting the EFCC to […]

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Court jails ex acting AGF Nwabuoku eight years for N868m fraud

A Federal High Court in Abuja has sentenced former acting Accountant General of the Federation, Chukwunyere Nwabuoku, to eight years in prison after finding him guilty of N868 million money laundering charges.​ Justice James Omotosho ruled that the Economic and Financial Crimes Commission proved all nine counts against Nwabuoku beyond reasonable doubt, as required by law. He rejected any option of fine and ordered that the eight year sentence on each count should run concurrently.​ The judge described Nwabuoku’s conduct as appalling, noting that he diverted funds meant for security and defence while serving as Director of Finance and Accounts in the Ministry of Defence between 2019 and 2021.​ Justice Omotosho praised the EFCC for the detailed manner in which it handled the prosecution. He also pointed out that evidence from one of the prosecution witnesses, that Nwabuoku voluntarily refunded […]

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Witness details Malami wife hotel account transfers

The trial of former Attorney General of the Federation and Minister of Justice, Abubakar Malami, on alleged money laundering charges resumed on Monday at the Federal High Court in Abuja with fresh testimony on how funds were moved through a hotel account linked to his wife . A prosecution witness, Daniel Simon Kwayil, a bank compliance officer, told the court that large sums were repeatedly transferred from the account of Meethaq Hotels Limited, where Malami’s wife, Asabe Rakiya Bashir, is the sole signatory, to the former minister and his law firm . Kwayil, testifying as the second prosecution witness, identified Malami’s wife in the dock and confirmed that the hotel’s account profile and board resolution listed her as the only signatory, with her identification documents attached to the account opening file . Malami, who served as Justice Minister from November […]

Alleged N8.7b fraud: Court grants Malami, wife, son N200m bail each

A Federal High Court in Abuja has granted bail to former Attorney General of the Federation Abubakar Malami, his wife Asabe Bashir and his son Abdulaziz in the alleged N8.7 billion fraud case filed against them by the Economic and Financial Crimes Commission. The trio are accused of laundering about N8.7 billion through the purchase of properties in Abuja and other parts of Nigeria while Malami served as Minister of Justice. They have all pleaded not guilty to the amended charges. In an earlier ruling on their bail application, Justice Emeka Nwite admitted each of the defendants to bail in the sum of N500 million with two sureties in the same amount, who must own verifiable properties in highbrow areas of Abuja such as Maitama or Gwarinpa.​ The judge also ordered them to deposit their international passports with the court, […]

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Court to open ex‑AGF Malami, son’s terrorism trial March 10

The Federal High Court in Abuja will on March 10 begin the trial of former Attorney General of the Federation Abubakar Malami and his son Abdulaziz over alleged terrorism financing and related offences. Malami and his son were earlier arraigned by the Department of State Services on a five count charge bordering on aiding and abetting terrorism, terrorism financing and unlawful possession of firearms and ammunition under the Terrorism Act 2022 and Firearms Act 2004. The court had in February granted each of them bail in the sum of N200 million with sureties, but ordered that they remain in custody until the bail conditions were fully met. At the last sitting, the case was adjourned after the Office of the Attorney General of the Federation formally took over the prosecution from the DSS, prompting a rescheduling of the commencement of […]

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EFCC witness: How ex AMCON boss used Arik funds for Umza insurance

An Ikeja Special Offences Court has heard fresh details of how former Asset Management Corporation of Nigeria managing director Ahmed Lawan Kuru allegedly diverted funds belonging to Arik Air while serving as the airline’s receiver manager.​ Testifying for the Economic and Financial Crimes Commission, Assistant Director Bawal Usman Kaltungo said investigators discovered that Arik Air’s money was used to pay insurance liabilities for Umza Aviation Services Limited, also known as Umza Airline. He told Justice Mojisola Dada that Umza later began repaying the funds, but the repayment was not completed by the time the probe was conducted.​ Kuru is standing trial alongside another receiver manager of Arik Air, Kamilu Alaba Omokide, the airline’s managing director Captain Roy Ilegbodu, Union Bank Plc and Super Bravo Limited over alleged fraud involving 76 billion naira and 31.5 million dollars. The defendants face charges […]

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Police say N100m paid into IGP’s son’s account was bank error

The Nigeria Police Force has said the N100 million paid into the personal bank account of Victor Egbetokun, son of the outgoing Inspector General of Police, Kayode Egbetokun, was a banking error that was quickly corrected.​ Force Public Relations Officer, Benjamin Hundeyin, gave the clarification while speaking on Channels Television’s Politics Today, following an online report that claimed the money came from the Anambra State Government’s security vote account.​ Hundeyin said Victor himself reported the suspicious credit to his bank and asked that the money be reversed immediately. He explained that after seeing the unexpected N100 million alert, Victor contacted his account officer and insisted the funds be returned to the sender at once.​ “He printed out his statement of account and showed me,” Hundeyin said, noting that the transaction history confirmed that the money had been sent back. He […]

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ICPC raids El Rufai’s Abuja home amid corruption probe

Operatives of the Independent Corrupt Practices and Other Related Offences Commission have searched the Abuja residence of former Kaduna State governor Nasir El Rufai. The raid took place on Thursday while the former governor remained in the custody of the anti graft agency over an ongoing investigation. El Rufai’s media aide, Muyiwa Adekeye, confirmed the operation in a brief statement, saying ICPC officials searched the entire property. His lawyer, Ubong Akpan, condemned the search, describing it as unlawful and a violation of his client’s fundamental rights and due process. ICPC had earlier disclosed that El Rufai was in its custody in connection with investigations into alleged financial misconduct during his tenure as governor from 2015 to 2023. The commission has not yet released detailed information on the specific allegations or items sought during the home search. Before he was picked […]

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