Category : Search result: money laundering scheme


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.

SEC: Sustain Compliance After FATF Grey List Exit

Following Nigeria's removal from the FATF Grey List, the SEC has called on capital market operators to deepen their compliance culture to protect the nation's global financial reputation.

Nigerian Stock Market Loses N2.1 Trillion

Investors on the Nigerian Exchange lost a staggering N2.1 trillion in one week as the market closed low. Discover the top gainers, decliners, and key market trends.

1000 Law Students Get Anti-Money Laundering Training

Over 1,000 Nigerian law school students received crucial Anti-Money Laundering and Counter-Financing of Terrorism training in Abuja. This UK-supported initiative aims to equip future lawyers as financial system gatekeepers.

RMAFC Probes Electronic Transfer Levy 2019-2022

Nigeria's RMAFC investigates Electronic Money Transfer Levy disbursements from 2019-2022 to ensure transparency and accountability in revenue collection for all government tiers.

Sokoto's Agricultural Revolution: Desert to Export Hub

Governor Ahmed Aliyu is transforming Sokoto State into a major agro-export hub through irrigation, value addition, and strategic trade links. Discover how this SMART Agenda is creating jobs and boosting the economy.

N20bn Money Laundering Case Adjourned to Dec 16

Federal High Court Lagos adjourns Taiwo Ibitola Taiwo's N20 billion money laundering case to December 16, 2025. The businesswoman faces fraud and conversion charges over family inheritance.

EFCC Arrests Archbishop for Naira Abuse

EFCC arrests Archbishop Angel Oyeghe for naira mutilation after viral video showed money sprayed on cow during church event. Suspect faces charges under CBN Act.

Police Pension Board Bill Awaits Tinubu's Assent

President Tinubu is set to approve the Nigeria Police Pension Board bill, removing officers from CPS. Retirees could earn 85% of emoluments as pension. Read the latest developments.

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