LAGOS JANUARY 11TH (NEWSRANGERS)-The United States announced Friday that it would be returning $52.88 million in seized assets to Nigeria as part of a yearslong corruption probe against former oil minister Diezani Alison-Madueke and associates, according to a joint statement by Nigeria’s minister of justice and the United States government. It marks the first repatriation…
LAGOS DECEMBER 15TH (NEWSRANGERS)-Finnish authorities have frozen assets belonging to Simon Ekpa, a controversial pro-Biafra agitator over his alleged terrorist activities. A Finnish newspaper reported that Keskusrikospoliisi (KRP), which is the Finnish name for the National Bureau of Investigation, has frozen Mr Ekpa’s assets and those of other suspects. “The KRP has frozen the assets…
LAGOS SEPTEMBER 11TH (NEWSRANGERS)-In line with the Petroleum Industry Act (PIA) 2021 provisions of transiting assets from the Petroleum Profit Tax (PPT) into PIA terms, the NNPC Ltd and its Joint Venture (JV) partner, Chevron Nigeria Ltd (CNL), have concluded the conversion of five of its JV assets into the PIA terms. Under the new…
LAGOS APRIL 12TH (NEWSRANGERS)-Jacob Ponle, known as Mr Woodberry, has pleaded guilty to wire fraud. He also agreed to forfeit $8 million in proceeds of wire fraud as well as luxury cars and watches to the foreign government. Woodberry, a known associate of the now-imprisoned internet fraudster, Ramon Abbas, better known as Hushpuppi, recently in…
LAGOS MARCH 14TH (NEWSRANGERS)-Fresh facts have emerged on how suspended super cop and former Commander of the Intelligence Response Team, DCP Abba Kyari; as well as his deputy, ACP Sunday Ubua, allegedly received a combined N4.2bn from their separate bank accounts. The details are part of a report sent to the Attorney-General of the Federation,…
LAGOS AUGUST 19TH (NEWSRANGERS)-The U.S. has frozen nearly $9.5 billion in assets belonging to the Afghan central bank and stopped shipments of cash to the nation as it tries to keep a Taliban-led government from accessing the money, an administration official confirmed Tuesday. The official said that any central bank assets that the Afghan government…
LAGOS MARCH 19TH (NEWSRANGERS)-The Civil Society Legislative Advocacy Centre (CISLAC)/ Transparency International – Nigeria welcomes the decision by the Economic and Financial Crimes Commission (EFCC) for operators in the Nigerian financial system, particularly bankers to declare their assets as from June 1, 2021. A statement signed by Auwal Ibrahim Musa (Rafsanjani), Executive Director of CISLAC…
LAGOS JANUARY 26TH (NEWSRANGERS)-President Muhammadu Buhari on Friday disclosed that millions of dollars have been traced to the accounts of the suspended Chief Justice of Nigeria, Justice Walter Onnoghen. In a speech at the swearing in of the acting CJN, Tanko Mohammed, Buhari dwelt extensively on the corruption case against Onnoghen and how lawyers and…