FRAUD
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Changpeng Zhao, the founder and former chief executive of the Binance cryptocurrency exchange, has been sentenced to four months in jail after he pleaded guilty to a money-laundering violation. He was sentenced in U.S District Court in Seattle, as all the efforts of his lawyers to put him on probation without any prison time crashed.…
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The Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against the Nigerian National Petroleum Company (NNPC) Limited over the “failure to account for and explain the whereabouts of the alleged missing USD$2.04 billion and N164 billion oil revenues.” According to SERAP, the suit followed the allegations documented in the recently published 2020 audited…
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The American International School, Abuja, has paid the sum of $760,910 to the Economic and Financial Crimes Commission (EFCC) as refund for an advanced school fees paid to the school by a former Kogi State Governor, Yahaya Bello, for his children. EFCC spokesperson, Dele Oyewale, confirmed this to Channels Television on Saturday. In an October 24, 2022…
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Religious sect indicted for money laundering not church, mosque – EFCC The Economic and Financial Crimes Commission has clarified that the religious sect that was revealed by its Chairman, Ola Olukoyede, to have been indicted for money laundering is neither a church nor a mosque. Olukoyede had revealed that the anti-graft agency traced the sum…
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The former Accountant General of the Federation, Ahmed Idris, has accused the EFCC of deceiving him to admit to the allegations of N109bn fraud against him. The ex-AGF claimed that the EFCC told him they wanted to use him to get the minister of finance and some other governors. Idris and his co-defendants are standing trial…
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The Office of the President of the Senate, Godswill Akpabio, has issued a warning to the public regarding a fraudulent online loan application circulating on social media platforms. The fake offer, titled “N200,000 Palliative Loan By the Senate,” features a misleading image of Senator Akpabio alongside the coat of arms and the logo of the…
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The Edo State Government says it is renovating and remodelling the Government House Chapel with the sum of N300 million. Reverend Osagie Ehrunmwunse, Senior Special Assistant on Religious Matters to Edo State Governor, Godwin Obaseki, disclosed this in a statement while reacting to the controversial closure of the chapel by the state government. Ehrunmwunse, who…
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UK Labour’s shadow paymaster general, Jonathan Ashworth, has responded to questions whether the Post Office is still fit for purpose in the wake of the Horizon IT scandal. He said the TV drama that aired earlier this month made him cry and his “blood boil”. “We’ve got to get to the bottom of this, what…
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ESPN has had a foul called on it by The National Academy of Television Arts & Sciences (NATAS), resulting in the return of at least three dozen Emmys, according to The Athletic. The show “College GameDay,” was cited for winning two awards for the same work, according to The Athletic. “Since at least 2010, ESPN inserted…
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Olu Agunloye, a former Minister of Power and Steel under the administration of ex-President Olusegun Obasanjo, has been granted bail in the sum of N50 million by a Federal Capital Territory, FCT, High Court sitting in Apo. Agunloye was arraigned on seven counts bordering on fraudulent award of contract and official corruption, on Wednesday. The…
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To settle allegations that it submitted false claims for medical services, including COVID-19 testing, Total Access Urgent Care, one of the largest urgent care chains in Missouri, will pay US$9.1 million. The company manages more than two dozen clinics in the St. Louis area. On December 21, the U.S. Attorney’s office announced the settlement. In…
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A former Deputy Governor of the Central Bank of Nigeria, CBN, Kingsley Moghalu, has described Godwin Emefiele as the worst governor of the apex bank. Moghalu said Emefiele failed to maintain Naira stability, illegal lending practices, an unauthorised presidential campaign, and mishandling the Naira redesign policy. In a post on X, Moghalu said Emefiele was…
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Sen. George Akume, Secretary to the Government of the Federation, SGF, has warned against the use of his office to issue fake appointments to members of the public. Akume gave the warning in a statement on Sunday by Mr Segun Imohiosen, Head of Information, Office of the SGF, in Abuja. He said the warning was…
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The Secretary General Isuikwuato Development Union, Akabueze Ndukwe has attributed the deplorable conditions of Isuikwuato General Hospital to alleged disappearance of 125KVA power generating set and some ‘unserviceable ‘ vehicles from the hospital. Ndukwe, who was being cross-examined by the Counsel to Abia State Judicial Panel of Inquiry on the Recovery of Government Properties and…
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The embattled former Governor of the Central Bank of Nigeria, CBN, Mr Godwin Emefiele, has been released from Kuje prison. Umar Abubakar, the Nigerian Correctional Service (NCoS) spokesman, confirmed this on Saturday. Abubakar said Emefiele was freed on Friday from Kuje prison after fulfilling his bail conditions. “Godwin Emefiele has been released on Friday. The…
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The Federal Competition and Consumer Protection Commission, FCCPC, has said several illegal digital money lenders (DMLs), known as loan apps, use wallets on Payment Solution Service Providers’ platforms to execute their transactions. The Commission’s Chief Executive Officer, Babatunde Irukera, disclosed this recently while reacting to a call by the Nigeria Inter-Bank Settlement System to banks…
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