money laundering

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

Noble Onyeagoro
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

IDNN
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....

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