£12m Fraud: Nigerian Businessman Bags Three Years Imprisonment In UK

LAGOS JANUARY 20TH (NEWSRANGERS)-The Leicester Crown Court in the United Kingdom on Wednesday sentenced a Nigerian businessman to three years and six months imprisonment. The convict, Walter Wagbatsoma, 47, was imprisonment for money laundering. This was even as he was disqualified from being a company director for six years. The Lincolnshire police said Wagbatsoma fraudulently…

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Abacha’s Recovered $500m Loot Missing?

LAGOS JANUARY 19TH (NEWSRANGERS)-Where is $500 million recovered from the late Gen. Sani Abacha’s family? This is the question the Economic and Financial Crimes Commission (EFCC) is battling to answer. The cash was recovered from the family of the late Head of State during ex-President Goodluck Jonathan’s administration. It was repatriated from slush accounts in…

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Court Upholds IPOB Proscription

LAGOS JANUARY 18TH (NEWSRANGERS)-A Federal High Court sitting in Abuja has on Thursday dismissed the application by the Indegenous People of Biafra, IPOB to reverse the court’s order proscribing it and designating it as a terrorist group. The Acting Chief Justice, Abdu Kafarati, while delivering his ruling on the application, resolved all the three formulated…

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