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Dangote Refinery prepared to compete amid regulatory fairness

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Tag: Fraud

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MSMEs lose ₦5–₦10tn yearly to employee fraud – CPPE

Nigeria’s micro, small, and medium enterprises are losing between N5 trillion and N10 trillion annually due to employee fraud and workplace corruption. The Centre for the Promotion of Private Enterprise disclosed this in a statement shared with Nairametrics on Sunday. The policy think-tank described the trend as one of the most serious hidden threats to […]

Scams

EFCC arraigns ex-Benue electoral chairman over alleged ₦1.1bn fraud

The Economic and Financial Crimes Commission has arraigned former chairman of the Benue State Independent Electoral Commission, Tersoo Loko, alongside 10 other defendants over the alleged diversion of N1.1 billion meant for local government elections in the state. The defendants were brought before the federal high court in Makurdi on 30 counts bordering on criminal […]

Scams

ICPC charges lawyer Mike Ozekhome with fraud over London property

The Independent Corrupt Practices and Other Related Offences Commission has filed a criminal charge against Chief Mike Ozekhome, SAN. The charge concerns allegations of fraud involving a property in London. The ICPC filed the three counts through its lawyer, Osuobeni Akponimisingha, who heads the High Profile Prosecution Department. The charge was filed at the Abuja […]

Scams

Court orders interim forfeiture of ₦30.7m ‘fraud proceed’ linked to NNPCL

A Federal High Court sitting in Abuja has ordered the interim forfeiture of ₦30.7 million suspected to be proceeds of fraud linked to the Nigerian National Petroleum Company Limited, following an application filed by the Economic and Financial Crimes Commission. Justice Emeka Nwite issued the order on Monday after hearing an ex parte motion brought […]

Scams

Nigerian-American, five others indicted over massive US stock fraud

A dual United States and Nigerian citizen, Izunna Okonkwo, has been indicted alongside five other individuals of different nationalities over an alleged $41m stock market fraud in the United States. A statement obtained from the United States Department of Justice website on Sunday disclosed that Okonkwo and the other defendants allegedly engaged in insider trading […]

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Ex-aviation minister Stella Oduah arraigned over ₦5bn fraud

The Federal Government on Wednesday arraigned a former Minister of Aviation, Senator Stella Oduah, before the Federal Capital Territory High Court, Abuja, over an alleged ₦5 billion fraud. The charges, filed by the Attorney General of the Federation and Minister of Justice, Lateef Fagbemi, presented Oduah before Justice Hamza Muazu on a five-count charge bordering […]

Scams

Travel agent arraigned for N2.5m visa fraud in Ibadan

A travel agent, James Anthony, 40, was arraigned on Friday before the Iyaganku Magistrates’ Court in Ibadan on charges relating to a N2.5 million visa fraud. Mr. Anthony was formally charged with obtaining money under false pretences and stealing, to which he pleaded not guilty. The prosecutor, Adeshina Folaranmi, told the court that the defendant […]

Air Peace denies alleged safety protocol violations in UK
Aviation

Air Peace clarifies dispute with Smartlynx, alleges $38m fraud

Air Peace has issued a clarification stating unequivocally that it has no intention of detaining any Lessor’s aircraft in Nigeria or anywhere else. The airline detailed that its current issues with the trio of Smartlynx Airlines Malta Limited, SIA Smartlynx Airlines, and Smartlynx Estonia OU (collectively referred to as “Smartlynx”) stem from the operation of […]

Scams

Sylva writes EFCC, denies avoiding $14.8m fraud probe

Former Minister of State for Petroleum, Chief Timipre Sylva, has written a letter to the Economic and Financial Crimes Commission, formally requesting that a date be fixed for him to appear before the agency over an alleged $14.8 million fraud. In the letter, dated November 24 and acknowledged by the EFCC on November 26, Sylva […]

Scams

Court orders Mompha to open defence on ₦6bn fraud

An Ikeja Special Offences Court on Tuesday dismissed a no-case submission by internet celebrity, Ismaila Mustapha, popularly called Mompha, over alleged six billion naira money laundering charges. Justice Mojisola Dada ordered the defendant to begin his defence. The News Agency of Nigeria reported that the defendant is being prosecuted by the Economic and Financial Crimes […]

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