…in 2019 after FBI Boston searched his Rhode Island home in connection with a fraud and money laundering caseAbudu is one of six defendants charged with laundering millions of dollars obtained through fraud schemes that targeted elderly AmericansThe FBI confirmed Abudu was arrested after he attempted to re-enter the US…

…Akintol, Samson Ikotun, Olabode Shaba, and Oladipup Shodipu subsequently plead guilty to money laundering conspiracy and received sentences ranging from time served to 42 months imprisonment. The case is being prosecuted by Assistant U.S. Attorney John P. McAdams. The matter was investigated by the Federal Bureau of In…

…advance fee fraud, breach of trust, obtaining money under false pretences, theft and money laundering. The businessman allegedly received millions of dollars from the Ukrainian investor between 2007 and 2015 to finance mineral exploration and power projects that were never completed. Investigators are also examining al…

…to be intended to finance terrorism, cybercrime, incitement to public disorder and money laundering. According to the charges, Kaigama allegedly established unauthorised communication with members of Boko Haram and ISWAP and negotiated ransom payments in July 2026.The prosecution also accused him of withholding informa…

…into your GTB account by the family of the victims, contrary to Section 18(2)(d) of the Money Laundering (Prevention and Prohibition) Act, 2022, and punishable under Section 18(3) of the same Act.” Alleged ISWAP terrorist ransom negotiator, Samaila Kaigama arrested by DSS remanded in Kuje prison

…locations across the country. The offences listed include wire fraud, mail fraud, money laundering, drug-related crimes, identity theft, assault, forgery, weapons violations and child cruelty. Announcing the arrests, DHS said it was highlighting non-US citizens with criminal records apprehended by immigration enforceme…

…on Google Gambaryan was subsequently transferred to Kuje Prison in Abuja, where he faced money laundering charges brought by the Economic and Financial Crimes Commission and tax evasion allegations filed by the Federal Inland Revenue Service (now known as the Nigeria Revenue Service). The report noted that the American…

…programmes can benefit host countries, but in practice bring “significant risks of money laundering, fraud and other forms of misuse.”“Criminal exploitation of citizenship and residency programmes is a multi-billion-dollar business to launder proceeds of fraud and corruption, evade justice, or access third countries,”…

…that women are into a lot of things for money, including real crimes like kidnapping, money laundering, robbery, drug pushing, and more. Yet, she said people always assume women can't commit other crimes or make money other ways and they just attribute their wealth to pr0stitution. She said: "When some of you can't fig…

…of Africa, who were extradited from South Africa to the United States on wire fraud and money laundering charges, could face a combined maximum of up to 100 years in prison if convicted. The accused were scheduled to have their initial appearances and arraignments at 1:00 pm on Monday, September 14, 2026 before U.S. Di…

…and Houston to New York and Atlanta on charges including wire fraud, identity theft, and money launderingSeveral of those named face multiple charges, with some detained at federal correctional facilities in Mississippi, Louisiana, and PennsylvaniaPAY ATTENTION: Find it fast with our new search feature at Legit.ng! The…

…The exercise is being conducted by the commission’s Special Control Unit against Money Laundering (SCUML) to identify gaps that could allow legitimate organisations to be exploited for illicit financial activities. The leader of the EFCC delegation, Assistant Commander Tope Erinnomo, disclosed this when the team visite…

…national achievements to which the EFCC contributed. He said sustained enforcement in money laundering, terrorist financing, asset freezing and confiscation, virtual assets and other high-risk areas formed part of the wider national effort to strengthen Nigeria’s anti-money laundering and counter-financing of terrorism…

…also invoked Nigeria’s obligations under international agreements dealing with drugs and money laundering, without elaborating on the specific conventions it had in mind. With the 2027 presidential election drawing closer, the APM said Nigerians should have access to information relevant to their choice of a presidenti…

…transfer memo, and the EFCC probe report had not been released.Olejeme faced an active money laundering trial before a federal high court over alleged diversion of NSITF funds.

…data analysis, supporting arrests, and delivering specialised training to strengthen money laundering investigations internationally. Key goals included disrupting laundering networks, seizing assets, and identifying high-value targets for prosecution.According to INTERPOL, West African crime groups are responsible for…

…bank accounts, with the amounts deliberately kept low enough to evade automated anti-money laundering alerts. “The following is a case study on Crowdfunding Network identified during the year: A foreign-based facilitator runs social-media campaigns claiming humanitarian relief or educational support and uses encrypted…

…transactions and activities, as well as regulatory submissions relating to anti-money laundering, counter-terrorism financing and counter-proliferation financing compliance. It noted that it collaborates with the Central Bank of Nigeria, National Insurance Commission, Securities and Exchange Commission and the Special…

…subcommittee document, not a new investigationThe 16-year-old report named Abubakar over money laundering concerns but did not result in any criminal charges against himPAY ATTENTION: Find it fast with our new search feature at Legit.ng! Legit.ng journalist Adekunle Dada has over 8 years of experience covering metro, g…

…The failure to declare large sums of currency and its equivalent is a violation of the Money Laundering (Prevention and Prohibition) Act, 2022," he said.He urged the public to comply with the law, emphasizing that declaring currency attracts no penalty, only the source of undeclared funds may raise legal concerns."Once…

…treated as a breach of the Investments and Securities Act 2025 and the commission's anti-money laundering and counter-terrorism financing regulations. Penalties include fines, suspension and outright licence revocation.This latest directive follows an earlier round of sanctions in which the SEC subjected 10 individuals…

…the express provisions of Section 34 of the EFCC Act and Section 7, Subsection 6 of the Money Laundering Act. “The EFCC didn’t need to apologize to anybody, didn’t also need to consult anybody before exercising its powers to freeze a particular transaction, which I urge it to do, or to freeze a particular bank account,…

…the provisions of the 1999 Constitution, the EFCC Establishment Act, 2004, and the Money Laundering (Prevention and Prohibition) Act, 2022.According to the court filings, the government is asking the court to declare the freezing of the account unlawful, unconstitutional and void, nullify the restriction placed on the…

…quite surprising that the same EFCC that Osun State Government petitioned since 2025 of money laundering and mismanagement of funds by the former governor of the state and now Minister of Marine and Blue Economy, Gboyega Oyetola, and against the …, that they withdrew N1.6 billion in cash over a period of three months.…

US court sentences Nigerian citizen and three others in connection with a $1.7 million money laundering operation Four individuals, including a Nigerian citizen, Adedayo Fateru, have been sentenced to prison in connection with a money laundering operation in which the individuals attempted to launder the proceeds of ap…