Austrian Charged Over Undeclared $800k, €651k in Lagos
The EFCC has arraigned Austrian national Kavlak Onal for allegedly failing to declare over $800k and €651k at MMIA. He pleaded not guilty. Read the full details of the court proceedings.
Category : Search result: Money Laundering Act
Court Orders Forfeiture of Malami's 57 Properties
A Federal High Court in Abuja has ordered the interim forfeiture of 57 properties linked to ex-AGF Abubakar Malami, valued at over ₦212 billion. The EFCC has also filed money laundering charges. Read the full details and public reactions.
Malami, Son, Wife Admitted to N1.5bn Bail by Court
Justice Emeka Nwite grants bail to ex-Attorney General Abubakar Malami, his son, and wife in a N9bn money laundering case. Trial set for February 17. Read the full details.
Court forfeits N213bn properties linked to ex-AGF Malami
A Federal High Court in Abuja has ordered the interim forfeiture of 57 properties valued at N213.2 billion linked to former AGF Abubakar Malami. Malami alleges a plot for his re-arrest, while EFCC warns of smear campaigns ahead of 2027 elections.
Budget Office: Re-enactment of 2024, 2025 Budgets Constitutional
The Budget Office of the Federation insists the repeal and re-enactment of the 2024 and 2025 budgets is legal. DG Tanimu Yakubu addresses misconceptions. Read the full details.
N213bn Properties Linked to Malami Seized by Court
A Federal High Court has ordered the interim forfeiture of 57 multi-billion naira properties suspected to be proceeds of crime linked to former AGF Abubakar Malami. The EFCC is prosecuting.
New N50 Stamp Duty Charge Sparks Debate After Wike Aide's Post
Lere Olayinka, an aide to FCT Minister Wike, reported a N53.75 deduction on an N80,000 transfer, igniting debate on new stamp duty rules. Banks clarify the sender now pays the N50 fee for transfers above N10,000. Read full details.
Judge Warns Malami's Lawyers in N8.7bn EFCC Case
Justice Emeka Nwite issues a stern warning to Abubakar Malami's legal team. Get the latest on the N8.7bn money laundering trial and bail conditions.
Malami, family get N1.5bn bail in money laundering trial
Justice Emeka Nwite grants former AGF Abubakar Malami, his wife, and son N1.5 billion bail with strict conditions. They face 16 counts of money laundering. Read the full details.
Court Admits Malami, Son, Wife to N500m Bail Each
Former Attorney-General Abubakar Malami, his son, and wife have been granted N500 million bail each by a Federal High Court in Abuja over alleged N9 billion money laundering. Trial begins February 17.
Bauchi Commissioner Denied Bail in Terrorism Financing Trial
A Federal High Court in Abuja has refused bail to Bauchi's Finance Commissioner, Yakubu Adamu, and three others over alleged terrorism financing and money laundering. The EFCC warns against politicising its work.
Jan. 7 Ruling on Malami's Bail Plea in EFCC Money Laundering Case
Justice Emeka Nwite will rule on January 7 on the bail applications of ex-AGF Abubakar Malami, his wife, and son, charged with laundering billions of naira. Follow for updates.
Jan 7 Ruling for Malami's Bail Plea in Money Laundering Trial
Justice Emeka Nwite will rule on bail for ex-AGF Abubakar Malami, his wife, and son on January 7. They face EFCC charges for laundering billions of naira between 2015-2025. Follow for updates.
Malami's Bail Hearing Postponed, Remand in Kuje Sustained
The Federal High Court in Abuja has adjourned the bail application of former AGF Abubakar Malami to January 7. He remains in Kuje Prison on EFCC money laundering charges. Read the latest.
Bauchi Commissioner Arraigned Over $9.7m Terrorism Funds
Bauchi Finance Commissioner Yakubu Adamu and three others face 10 charges for conspiracy, money laundering, and alleged terrorism financing involving $9.7m. Court adjourns to January 5 for bail ruling.
Banks to Charge N50 Stamp Duty from Jan 1, 2026
Nigerian banks will implement a N50 stamp duty levy on electronic transfers of N10,000 and above starting January 1, 2026. Learn what's changing and which transactions are exempt.
Bauchi Commissioner Charged with N5.7bn Fraud
Bauchi State Finance Commissioner Yakubu Adamu faces six counts of money laundering. The EFCC alleges a N5.7 billion fraud scheme. Read the full details of the court proceedings.
Court Remands Ex-AGF Malami in Kuje Prison
Former Attorney-General Abubakar Malami has been remanded in Kuje prison on money laundering charges. He will remain there until his bail hearing on January 2, 2026. Read the full details of the court's decision.
Bauchi Finance Commissioner Remanded in Kuje Prison
A Federal High Court in Abuja has ordered the remand of Bauchi Finance Commissioner, Yakubu Adamu, over alleged money laundering involving N4.6bn. Read the full details of the EFCC case and court proceedings.
Malami, Son Plead Not Guilty to ₦9bn Laundering Charges
Former Attorney-General Abubakar Malami and his son deny EFCC's ₦9 billion money laundering charges. Court hears bail application as anti-graft agency pushes for accelerated trial. Full details inside.
Malami Arraigned in Court on Money Laundering Charges
Former Attorney-General Abubakar Malami appears in Federal High Court Abuja on 16-count money laundering charges involving over N1.6bn. Follow the latest developments.
Malami, Son Plead Not Guilty to Money Laundering
Former Attorney General Abubakar Malami and his son have pleaded not guilty to a 16-count money laundering charge in an Abuja Federal High Court. Read the latest details.
Ex-AGF Malami Arraigned in Court Over N1bn Fraud
Former Attorney-General Abubakar Malami faces fresh money laundering charges in Abuja. A coalition demands justice, alleging his actions fueled terrorism. Full details inside.
New N50 Stamp Duty on Bank Transfers Starts Jan 1
Nigerians will pay a new N50 government levy on electronic transfers above N10,000 from January 1, 2026. Learn how it works and its impact on your finances.
Nigeria Earns N1.28bn for AFCON 2025 Knockout Spot
Nigeria's Super Eagles have banked $800,000 (N1.28bn) for reaching the AFCON 2025 Round of 16. Discover the full prize money breakdown and what's at stake as they chase the $10 million top prize.
141 Nigerians detained in Ghana cybercrime crackdown
Ghanaian authorities arrest 141 individuals, predominantly Nigerians, in Accra suburbs for cybercrime. Laptops, phones seized. Landlords face prosecution for aiding networks. Read the full story.
Groups Slam EFCC Over Delay in Arraigning Bauchi Commissioner
Civil society groups condemn EFCC's failure to present Bauchi Finance Commissioner Yakubu Adamu in court over alleged N4.6bn fraud, citing judicial obstruction and unpaid salaries for 60,000 workers. Read the full details.
141 Nigerians arrested in Ghana over cybercrime
Ghanaian authorities arrest 141 Nigerians in Accra for alleged wire fraud, romance scams, and sextortion. 38 laptops and 150 phones seized. Read the full story.
Stranger Sends N2 Million to Lady After Money Plea
A Nigerian woman, Prisca Obi, received a life-changing N2 million from a stranger after expressing her inability to afford travel for the holidays. See the viral story and reactions.
Lady Rejects BF's ₦35k Christmas Gift Over Strict Rules
A Nigerian lady sparked online debate after refusing her boyfriend's ₦35,000 Christmas gift due to his strict condition that she keep the hairstyle until March. Read the viral story and reactions.
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