Category : Search result: money laundering scheme


Troops Rescue 10, Recover Arms and Ransom in Kaduna

Nigerian Army troops rescued 10 kidnapped victims and recovered arms, ammunition, and ₦1.6 million ransom in a dawn operation in Kaduna's Sanga LGA. Read the full details of the successful mission.

Troops Rescue 10, Recover N1.6m Ransom in Kaduna

Nigerian Army troops have rescued 10 kidnapped victims, including children, in Kaduna. The operation also recovered a fabricated AK-47 rifle and N1.6 million ransom money. Read the full details of the successful mission.

NDIC Assures Deposit Safety, Warns Against Fraudsters

NDIC MD reassures Nigerians of deposit safety with up to ₦5m insurance. He warns against Ponzi schemes and details collaboration with CBN for banking stability. Visit their Trade Fair pavilion for more.

Why You Should Shop for Christmas in Early December

Discover eight compelling reasons why starting your Christmas shopping in the first week of December saves money, reduces stress, and lets you enjoy the festive season. Act now for a smoother holiday!

Man fined N50,000 for naira abuse in Ibadan

A 28-year-old man, Ridwan Surajdeen, has been convicted and fined N50,000 by a Federal High Court in Ibadan for spraying and abusing naira notes. Read the full details of the EFCC's prosecution.

Nigerian fraud mastermind gets 20 years in US prison

Oluwaseun Adekoya, a Nigerian national, has been sentenced to 20 years for orchestrating a massive bank fraud and money laundering conspiracy across the United States. Read the full details of the sophisticated scheme.

FG Launches Device Credit for 15,000 Nigerians

The Federal Government, via CREDICORP, launches a national digital device credit programme to make smartphones and laptops affordable for over 15,000 working Nigerians, boosting digital inclusion.

Lady Opens Store with NSS Allowance, Goes Viral

A Ghanaian lady has become an internet sensation after revealing how she saved her National Service Scheme allowance to open a fully stocked store. Her inspiring story has sparked massive reactions online.

Nigeria's Money Supply Reaches N119 Trillion

Nigeria's broad money supply increased to N119.04 trillion in October 2025, driven by rising domestic assets despite falling foreign reserves. Learn what this means for the economy.

100 Free Homes for Kaduna Widows and Orphans

Widows and orphans in Kaduna receive 100 free homes through Adashe Women Housing project. Dr. Umma Sani's childhood homelessness inspired this life-changing initiative.

CSOs Petition EFCC Over Kogi LG Funds Diversion

Civil society groups uncover massive diversion of Kogi local government funds through Lokoja Voucher Scheme. EFCC receives petition demanding forensic audit and prosecution.

Nigerian Man Convicted in US Romance Scam

Saheed Sunday Owolabi, a Nigerian man, faces 40 years in US prison for wire fraud and money laundering in romance scams. Read the full story of the cyber fraud conviction.

Tukur Mamu Offered N50m from Terror Ransom - DSS

DSS reveals how terror leader offered Tukur Mamu N50m from ransom funds in Abuja court. Key evidence from audio recordings exposed in ongoing terrorism trial. Read full details.

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