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Alleged N33.2bn Arms Procurement Fraud: Re-arraignment Of Businessman Stalled

The re-arraignment of Olugbenga Obadina, Chairman and Chief Executive Officer (CEO), Almond Projects Limited, on Monday, by the Economic and Financial Crimes Commission (EFCC) suffered a setback. Obadina is being prosecuted over his alleged involvement in the misappropriation of N33.2billion meant for the purchase of arms by retired Col. Sambo Dasuki, a former National Security…

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EFCC Traces Laundered $300,000 To Yahoo Boy

The Economic and Financial Crimes Commission (EFCC) said it has traced over 300,000 dollars, laundered to a suspected internet fraudster. A statement by Mr Dele Oyewale, the Spokesperson of the EFCC on Tuesday in Abuja said the suspect was among the 35 suspects arrested Sunday in Auchi area of Edo. Oyewale said the arrest was…

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