The Economic and Financial Crimes Commission on Thursday re-arraigned a former Minister of Aviation, Femi Fani-Kayode, before a Federal High Court, Lagos on N100m money laundering charges. Fani-Kayode, whose arraignment for the same charges was the fourth since 2008, again pleaded not guilty to all the 40 counts. The re-arraignment […]

The Justice Department is moving to seize more than half a billion dollars of allegedly corrupt proceeds from former Nigerian dictator Sani Abacha and his associates, in what officials called the largest such action in U.S. history. In a court filing unsealed Wednesday in federal court in Washington, D.C., government […]

The Chartered Institute of Bankers of Nigeria has emphasised the urgent need to mitigate the effect of fraudulent activities such as money laundering, terrorists financing and identity theft in the banking system and the economy in general. The organisation said the impact of the anti-economic activities on the nation, organisations […]