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…