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Tag: money laundering

IMF Backs CBN, Cautions Against Cryptocurrency Transactions

International Monetary Fund (IMF)
The International Monetary Fund (IMF) has cautioned against transacting in cryptocurrency, saying regulating the digital currency remains a concern not just to the Central Bank of Nigeria (CBN) but toRead More

CBN Unveils Quick Response Code Framework To Facilitate e-Payments

Central Bank of Nigeria (CBN)
Issues safeguards for innovative products By James Emejo The Central Bank of Nigeria (CBN) yesterday unveiled a framework for Quick Response (QR) code payments, directing all issuers, acquirers, switches, processorsRead More

Alleged Money Laundering: Court Frees Atiku’s Son In-law, Babalele

Abdullahi Babalele, a son-in-law to former Vice President, Atiku Abubakar
A Federal High Court in Lagos has freed Abdullahi Babalele, a son-in-law to former Vice President, Atiku Abubakar on a two-count allegation of alleged money laundering of $140,000. Justice ChukwujekwuRead More

Excitement As New Diaspora Remittances Policy Takes Effect Today

CBN Governor, Mr. Godwin Emefiele
Annual inflows put at $24bn CBN, NSIA, AFC to float N15tn infrastructure fund There is palpable excitement among Forex users as the Central Bank of Nigeria’s (CBN) new policy thatRead More

Money Laundering: EFCC Lists Requirements For Registration Of Law Firms, Lotteries, Casinos, NGOs

The Economic and Financial Crimes Commission (EFCC)
Closes defence in N5m fraud case against Benue Deputy Speaker, others In its bid to contain money laundering activities in the country, the Economic and Financial Crimes Commission (EFCC) hasRead More

EFCC Presents Witnesses Against Mompha’s Alleged Accomplices

Kayode Phillips and Hamza Koudeih
The Economic and Financial Crimes Commission (EFCC) has presented witnesses against Mompha’s alleged accomplices, Kayode Phillips and Hamza Koudeih. The defendants are alleged to be high-valued targets in Organized CyberRead More

NFIU Submits Report On Magu’s Forex Transactions To Panel

The suspended acting chairman of the EFCC, Ibrahim Magu
The suspended acting chairman of the Economic and Financial Crimes Commission, Ibrahim Magu, on Monday appeared before the Justice Ayo Salami-led presidential panel for the second week running. Magu hasRead More

Hushpuppi, Woodberry Extradited To The US, FBI Thanks Dubai Police (Video)

Hushpuppi
Nigerian internet fraudsters, Hushpuppi and Woodberry, notorious for scamming nearly 2,000,000 victims via business email compromise schemes have been extradited to the United States to face trial for their crimes.Read More