money laundering Archives - Independent Digital News Network

Jean-Guy Blaise Mayolas Convicted of Financial Crimes, Sentenced to Life Imprisonment

Jean-Guy Blaise Mayolas, president of the Democratic Republic of Congo Football Federation, has been sentenced to life imprisonment for financial crimes including money laundering, embezzlement, and forgery. Two other federation officials, Badji Mombo Wantete and Raoul Kanda, were also sentenced to five years in prison. The ruling is a significant development in the investigation into corruption.

EFCC Sounds Alarm: Nigeria’s Real Estate Sector Now Hotbed for Money Laundering

IDNN8 months ago0

The Economic and Financial Crimes Commission (EFCC) has zeroed in on Nigeria’s booming real estate sector, warning that developers risk becoming conduits for illicit funds if they continue to ignore basic due diligence. Chairman Ola Olukoyede says the days of blind deals are over.

EFCC Arraigns Company Director for ₦13.8 Billion Ponzi Scheme Fraud

IDNN9 months ago0

EFCC arraigns Precious Williams in Rivers State over a complex ₦13.8 billion Ponzi scheme involving fake investment returns and money laundering.

EFCC Arrests Business Executive Aisha Achimugu at Abuja Airport Over Alleged Money Laundering

IDNN11 months ago11 months ago0

High-Profile Businesswoman Detained After Voluntary Return from London Aisha Sulaiman Achimugu, a prominent Nigerian business executive and socialite, was arrested by operatives of the Economic...