EFCC Declares Emefiele’s Wife, Three Others Wanted For Money Laundering   The Economic and Financial Crimes Commission (EFCC) has declared Margaret Emefiele, wife of a former Governor of the Central Bank of Nigeria, Godwin Emefiele, and three others, wanted for money laundering. Mrs Emefiele, Mr Eric Odoh,...

EFCC Vows to Revisit Matawalle’s N70bn Fraud Case The Chairman of the Economic and Financial Crimes Commission, Ola Olukoyede, has vowed to revisit the probe of the Minister of State for Defence, Bello Mattawalle, over alleged N70bn money laundering while he was the Zamfara State...

Alleged Money Laundering: Fact-Check Reveals London Police Didn't Arrest Osinbajo's Daughter, Confirms detention of student in 2014   A PRNigeria fact-check has proved that the claim that the daughter of Vice President Yemi Osinbajo was arrested this week with a huge amount of money in the...

CBN, SEC Sanction Five Banks Over Money Laundering, Forex Offence    The Central Bank of Nigeria and the Securities and Exchange Commission have sanctioned five major banks for committing over 20 various infractions, including the violation of foreign exchange market and anti-money laundering regulations. The banks are...

IMF Supports CBN On Cryptocurrency Ban       The International Monetary Fund (IMF) has confirmed that some crypto currencies were being used for money laundering and drug trafficking. This confirmation from the IMF thus corroborates what the Central Bank of Nigeria (CBN) has been saying about cryptocurrency transactions...

EFCC Arraigns BDC Operators For Laundering $1.6m     The Economic and Financial Crimes Commission (EFCC) yesterday arraigned Bureau De Change (BDC) operators for allegedly laundering $1.6million, said to be proceeds of smuggling. The defendants – Chris Ogbonna, and Sulaiman Jibbo – were arraigned alongside two firms –...