LAGOS JUNE 7TH (NEWSRANGERS)-The US government has filed a civil forfeiture action to recover $5.3 million linked to a business email compromise (BEC) scheme that defrauded a Massachusetts workers union. In January 2023, a spoofed email led the union to transfer $6.4 million to a fraudulent account. The funds were then routed through various international…
LAGOS FEBRUARY 7TH (NEWSRANGERS)-The Central Bank of Nigeria (CBN) has blamed the freefall of the naira on the huge sum of $39.6bn spent by Nigerians on foreign education and medical tourism in 10 years spanning 2010 to 2020. Giving a breakdown, the apex bank disclosed that the sum of $28.6bn was spent on foreign education…
LAGOS FEBRUARY 1ST (NEWSRANGERS)-The Chairman of the Economic and Financial Crimes Commission, Ola Olukoyede, has revealed that the anti-graft agency traced the sum of N7bn, suspected to be proceeds of money laundering, to a religious organisation. He said another religious group was found to be laundering money for terrorists. The EFCC chairman made the revelation…
LAGOS OCTOBER 9TH (NEWSRANGERS)-The Economic and Financial Crimes Commission, EFCC on Friday, October 6, 2023 continued the trial of one Wilson Daphey (a.ka.a Jefrey Guiseppe) before Justice Mobolaji Olajuwon of the Federal High Court sitting in Abuja on nine -count charges bordering on obtaining money under false pretence and money laundering. Daphey allegedly manipulated…