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Money laundering

Lagos Court Jails Man Three Months For Non-Declaration Of $30,000 At Airport

Justice Deinde I. Dipeolu of the Federal High Court sitting in Ikoyi, Lagos, on Wednesday, 2 April 2025, convicted and sentenced Okunfulure Olusola Steve to three Months imprisonment for money laundering. The convict was arrested on 28 March 2025 at the Murtala

April 2, 2025

Dasuki Linked To Luxury Real Estate In US Bought With Allegedly Stolen Billions Of Naira

News

Dasuki Linked To US Luxury Real Estate Bought With Alleged Stolen Money

Nine years after the prosecution of former National Security Adviser, Sambo Dasuki, began, a new investigation has revealed how millions of dollars were invested in American luxury real estate linked to him and his allies. Dasuki, who served as NSA to former

November 15, 2024

Business

GTBank Admits To Money Laundering Failure, Loses $9.3 million

The United Kingdom’s Financial Conduct Authority (FCA) revealed on Tuesday that the UK subsidiary of Guaranty Trust Bank (GTBank) has an inadequate money laundering system. As a result, it fined GTBank £11 million, stating that the money laundering system of the financial

January 11, 2023

Business·Technology

More Troubles For Flutterwave, Chipper Cash, As Kenyan Gov’t Makes Another Allegation

Cross-border payment tech startups, Flutterwave and Chipper Cash, have been operating in Kenya without license from the financial authority, the government has disclosed. The governor of the Central Bank of Kenya, Patrick Njoroge, said Flutterwave shouldn’t be operating in the country because

July 29, 2022

Business·Technology

Flutterwave Counters Kenyan Authority On Money Laundering

Nigerian startup, Flutterwave, has denied allegation that the company is involved in money laundering after Kenyan authority, Asset Recovery Agency (ARA), closed 52 accounts belonging to the firm to aid their investigation. ARA secured a court order to suspend activities on the accounts

July 7, 2022

News

EFCC: 90% of money laundering is through real estate sector

Chairman of the Economic and Financial Crimes Commission (EFCC), Abdulrasheed Bawa, has disclosed that 90 percent of money laundering is done through the real estate sector. The anti-corruption agency boss stated this while speaking on Channels TV’s Sunrise Daily on Tuesday morning.

June 15, 2021

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Money laundering

Lagos Court Jails Man Three Months For Non-Declaration Of $30,000 At Airport

Dasuki Linked To US Luxury Real Estate Bought With Alleged Stolen Money

GTBank Admits To Money Laundering Failure, Loses $9.3 million

More Troubles For Flutterwave, Chipper Cash, As Kenyan Gov’t Makes Another Allegation

Flutterwave Counters Kenyan Authority On Money Laundering

EFCC: 90% of money laundering is through real estate sector

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