The police on Wednesday arraigned two estate agents – Adeola Ojo, 49, and Abiodun Akinlabi, 48 – before an Iyaganku Magistrates’ Court in Ibadan over alleged N7.6 million rent fraud. The duo, whose addresses were not provided, were charged with conspiracy, obtaining money under false pretences, and stealing. They, however, pleaded not guilty to the…
A statement made by Nigeria’s former President Olusegun Obasanjo has been presented in court as key evidence in the corruption trial of Dr Olu Agunloye, a former Minister of Power and Steel, accused of fraud in the controversial awarding of the Mambilla Hydropower Project contract. Dr Agunloye is facing a seven-count indictment brought by the…
The Federal Capital Territory High Court in Maitama has dismissed a legal challenge from former Taraba State Governor Darius Ishaku, clearing the way for the prosecution to submit key evidence in a ₦27 billion corruption case. The trial, led by Nigeria’s Economic and Financial Crimes Commission (EFCC), involves Ishaku and former state official Bello Yero….
The Federal High Court in Abuja on Tuesday, rejected the no-case submission filed by Prof. Dibu Ojerinde, the former Registrar, Joint Admissions and Matriculation Board (JAMB), in the alleged N5.2 billion fraud charge. Justice Obiora Egwuatu, in a ruling, held that the elements of the offence preferred against Ojerinde had been identified by the ICPC’s…
Legal proceedings in Nigeria’s ongoing $9.6 billion fraud case against British national James Nolan, a director in Process and Industrial Developments Ltd (P&ID), were delayed on Tuesday due to the absence of both prosecution and defence counsel. The Federal High Court in Abuja had scheduled the session for the adoption of final written addresses, but…
The Economic and Financial Crimes Commission (EFCC) has brought fresh charges against Godwin Emefiele, the former Central Bank of Nigeria (CBN) Governor, accusing him of illicitly obtaining a 753-unit housing estate in Abuja and managing vast sums of naira through proxy accounts during his time in office. The EFCC has filed an eight-count charge at…
The suspension of Justice Inyang Ekwo of a Federal High Court in Abuja stalled the Economic and Financial Crimes Commission (EFCC)’s money laundering case against former Anambra Governor, Willie Obiano. The National Judicial Council (NJC) at its 108th meeting held between April 29 and April 30, suspended Justice Ekwo. Although the Chief Judge of FHC,…
An Ikeja Special Offences Court on Wednesday issued a bench warrant for the arrest of a defendant, Toyosi Ayodele, over alleged N600 million and $50,000 agribusiness investment fraud. Ayodele, alongside his companies Reaprite Global Ltd and Agrorite Ltd, are facing an 11-count charge of obtaining money under false pretences and stealing, brought by the Economic…
The Economic and Financial Crimes Commission (EFCC) on Tuesday arraigned two companies, JBA Advisory Ltd. and Platform Capital Investment Partners Ltd over alleged fraudulent retention of funds totaling N47.9 million and $300,000. EFCC arraigned the two companies before Justice Olubusola Okunuga on two-count charge bordering on retention of stolen property. One of the counts read…
The trial of the ex-Managing Director of the Asset Management Corporation of Nigeria (AMCON), Ahmed Kuru, charged with defrauding Arik Air was stalled due to his counsel, Mr Olasupo Shasore’s absence. Kuru and four others are facing charges of N76 billion and $31.5 million fraud, respectively. The other defendants are former Receiver Manager of Arik…
