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Nigeria

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 […]

Abdulmumini Auwal SA March 23, 2026

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international

Prince Andrew property sale linked to suspect funds

A BBC investigation has found that Andrew Mountbatten-Windsor received millions of pounds from the sale of his former Berkshire mansion through funds linked to a company later implicated in criminal corruption cases. The buyer, Kazakh billionaire Timur Kulibayev, confirmed through his lawyers that he relied partly on a loan from a firm called Enviro Pacific Investments to purchase Sunninghill Park for £15 million. Italian prosecutors later concluded that Enviro Pacific had received money connected to a bribery scheme dating back to 2007. The purchase of Sunninghill Park was completed just weeks after the final payments linked to the alleged corruption were made. Kulibayev reportedly paid significantly above the property’s asking price and market value. At the time, he was among the most powerful figures in Kazakhstan’s oil and gas sector and the son-in-law of then-president Nursultan Nazarbayev. Kulibayev’s legal team […]

Abubakar January 8, 2026

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Nigeria

Ex-AGF Malami, family get N1.5bn bail

A Federal High Court in Abuja has granted bail totalling N1.5 billion to former Attorney-General of the Federation and Minister of Justice, Abubakar Malami, his son Abdulaziz and his wife Asabe Bashir.​The trio are standing trial on a 16-count charge bordering on alleged money laundering and concealment of proceeds said to run into billions of naira.​ Justice Emeka Nwite admitted each defendant to bail in the sum of N500 million, following arguments on their bail applications and objections raised by the Economic and Financial Crimes Commission.​The judge said the decision was taken in the interest of justice, despite the seriousness of the allegations and the prosecution’s fears that the defendants might interfere with witnesses.​ As part of the conditions, Malami, his son and wife must each produce two sureties in the same N500 million sum, who must own landed property […]

Abdulmumini Auwal SA January 7, 2026

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international

India deports 32 Nigerians over alleged drug network links

Indian authorities have deported 32 Nigerians after a nationwide crackdown on an alleged transnational drug network operating across several major cities. The deportations came less than two weeks after around 50 Nigerian suspects were arrested in coordinated raids led by India’s Elite Anti Narcotics Group for Law Enforcement, known as EAGLE, working with Delhi Police.​ Investigators say the network was allegedly controlled by a Nigeria based kingpin identified only as “Nick,” who is wanted in multiple drug trafficking cases in India. Officials claim all the Nigerians arrested in Delhi were working for the fugitive mastermind, who is believed to have about 100 associates in the city alone.​ A forensic review of seized phones and laptops reportedly showed a client base of more than 3,000 people across India, pieced together from payment records, encrypted chats and delivery contacts. The syndicate is […]

Abdulmumini Auwal SA December 10, 2025

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international

Three Thai Women Arrested Over Romance Scam Linked to Nigerians

Thai authorities have arrested three women allegedly linked to a romance scam network reportedly run by a group of Nigerians, which defrauded victims of more than six billion baht. According to the Bangkok Post on Monday, the suspects — identified only as Jutharat, Janjira, and Jiraphan — were apprehended on Sunday during coordinated police operations in Chachoengsao, Nonthaburi, and Yala provinces. Police said the women face charges of involvement in transnational crime and money laundering, following a months-long investigation into an online fraud ring that has operated since 2019. The operation was led by Pol Maj Gen Pattanasak Bupphasuwan, commander of the Consumer Protection Police Division (CPPD), who confirmed that the arrests were part of a broader crackdown on romance scams targeting Thai citizens. Investigators alleged that the suspects acted as facilitators for the Nigerian-led syndicate by recruiting people to […]

Abdulmumini Auwal SA November 3, 2025

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new africa

FATF Removes Nigeria, South Africa, Mozambique, and Burkina Faso from Grey List

A global financial crimes watchdog, the Financial Action Task Force (FATF), has officially removed South Africa, Nigeria, Mozambique, and Burkina Faso from its “grey list” of countries under increased monitoring for money laundering and terrorist financing concerns. The FATF, headquartered in France, announced the decision on Friday following what it described as “successful on-site visits” that confirmed significant progress by all four countries in addressing identified deficiencies within the agreed timelines. The organization maintains two key lists: the “grey list,” which includes countries making efforts to correct weaknesses in their anti-money laundering frameworks, and the “black list,” reserved for jurisdictions that pose the highest financial crime risks and show little cooperation. FATF President Elisa de Anda Madrazo called the delisting “a positive story for the continent of Africa,” noting that each country demonstrated substantial reforms. According to the FATF, South […]

Ahmad October 25, 2025

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international

$2m fraud: Nigerian faces 20 years in US prison

A United Kingdom-based Nigerian, Olamide Shanu, faces up to 20 years in prison in the United States after being extradited over a $2 million fraud case. The U.S. Department of Justice (DoJ) announced on Thursday that the 34-year-old, originally from Lagos State, was arraigned before a U.S. Magistrate Court on Wednesday. He is facing an eight-count charge, including wire fraud conspiracy, aggravated identity theft, money laundering conspiracy, extortion, and cyberstalking. According to prosecutors, Shanu and his co-conspirators posed as women on social media, luring male victims into sharing explicit photos. The suspects allegedly used the images to blackmail the victims, threatening to expose them to friends and family unless they paid money. The indictment also claims Shanu laundered proceeds from the scheme through cryptocurrency wallets. Prosecutors said the network extorted numerous victims across the United States, including a college student […]

Abdulmumini Auwal SA September 22, 2025

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international

Nigerian man jailed 71 months in US for $1.6m romance scam

A Nigerian national, Adetomiwa Seun Akindele, has been sentenced to 71 months in a US federal prison for defrauding a Colorado widow of more than $1.6 million in a romance scam. He will be deported to Nigeria after serving his jail term. The U.S. Attorney’s Office for the District of Colorado said the 37-year-old pleaded guilty to wire fraud and money laundering. He was ordered to pay $1,692,945 in restitution and forfeit an equivalent sum. How the fraud worked Court filings revealed that between January and October 2018, Akindele: Pretended to be “Frank Labato,” a wealthy Italian-American businessman, on a dating website. Gained the trust of a widowed Colorado woman and convinced her to provide financial assistance for a supposed overseas business crisis. Directed her to open a cryptocurrency exchange account and transfer more than $1.6 million. Laundered the funds […]

Abdulmumini Auwal SA September 19, 2025

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Culture

VeryDarkMan Freed from EFCC Custody, Denies Money Laundering Allegations

VeryDarkMan Released: “I Use Debt for Charity,” Says Activist After EFCC Detention Nigerian social media personality Martins Vincent Otse, popularly known as VeryDarkMan (VDM), has been released from EFCC custody following a five-day detention over money laundering allegations. The controversial activist broke his silence in a viral video, denying the charges and attributing his charitable acts to “debt,” not illicit funds. Arrest & Release Timeline May 2: VDM arrested in Abuja after allegedly ignoring EFCC invitations. May 8: Released following public outcry and legal intervention. EFCC’s Stance: Confirmed arrest stemmed from “multiple petitions” and failure to honor prior summons. VDM’s Defense: “No Wealth for Money Laundering” In a post-release video, VDM mocked the allegations: “How can I launder money when I’m broke? I even fund charities through debt!” He emphasized transparency, though skeptics question his financial disclosures. Public Reaction: Support vs. Skepticism Supporters: Hail his release, criticizing EFCC for targeting […]

Ahmad May 9, 2025

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Greater Accra

EOCO Pursues Six Individuals Over Financial Crimes.

The Economic and Organised Crime Office (EOCO) has declared six individuals wanted for their involvement in serious financial crimes, including money laundering, fraud, and possession of forged documents. The suspects are:Asamoah Reginald Kwadjo – Possession of forged documentsQuicoo-Williams Elliot – Possession of forged documentsKwame Dwomoh Poku – Defrauding by false pretences, money launderingAsampana Bernard – Defrauding by false pretences, money launderingEvans Glakpe – Defrauding by false pretences, money launderingFrimpong Andrew Annor – Defrauding by false pretences, money launderingEOCO has called on the public to assist in locating these individuals and has provided hotlines and contact details for reporting information. The agency is committed to maintaining the integrity of Ghana's economic system under the leadership of Executive Director Maame Yaa Tiwaa Addo-Danquah.

Edem 4Style November 16, 2024

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