First Bank Asks Court To Uphold Order Freezing GHL, Other Assets
First Bank of Nigeria Limited has urged the Federal High Court in Lagos to uphold an order freezing the assets and accounts of General Hydrocarbons Limited (GHL) and its related entities, pending the outcome of a substantive suit aimed at recovering a loan of $225.8 million extended to the oil company. The bank made the […]
Alleged N80b Fraud: EFCC Seeks SANs Prosecution For Failing To Produce Yahaya Bello
The Economic and Financial Crimes Commission (EFCC) Thursday, June 27, 2024, asked the Federal High Court in Abuja to cite two Senior Advocates of Nigeria (SANs) – Ifedayo Adedipe and Abdulwahab Muhammed for contempt following their failure to produce the immediate-past Kogi State Governor Yahaya Bello for arraignment. The EFCC’s lawyer, Dr. Kemi Pinehiro (SAN) […]
Breaking! Court orders forfeiture of N11.14b ‘Emefiele’ properties
The Federal High Court sitting in Lagos on Wednesday granted the Federal Government an order of interim forfeiture of properties valued at N11,140,000,000.00 linked to the embattled former Central Bank of Nigeria (CBN) governor, Godwin Emefiele. Justice Chukwujekwu Aneke made the order sequel to a motion filed and argued by the counsel to the Economic […]
Breaking! Court Seizes $4.7m, N830m, Multibillion Naira Assets Linked To Emefiele
The Federal High Court sitting in Lagos has ordered an interim forfeiture of the sums of $4,719,054, N830,875,611, and several properties linked to the embattled former governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele. Justice Yellim Bogoro made the order on Thursday, May 23, 2024, following an ex-parte application by Economic and Financial […]
Naira Abuse: EFCC, Cubana Chief Priest Explore Out-Of-Court Settlement
The Economic and Financial Crimes Commission (EFCC) and celebrity barman, AKA Cubana Chief Priest, are negotiating a deal to settle his naira abuse case out of court, the Federal High Court sitting in Lagos heard on Thursday. Cubana Chief Priest is being prosecuted by the anti-graft agency for allegedly spraying and tampering with naira notes for two […]
Court Orders Arrest of Ex-NILDS DG
The Federal High Court sitting in Apo, Abuja has ordered the arrest of a former Director-General of the National Institute for Legislative and Democratic Studies, Prof. Ladi Aisha Hamalai. Justice C. O. Oba made the order following Hamalai’s alleged repeated failure to appear in the alleged corruption case preferred against her by the Independent Corrupt Practices and Other […]
Breaking! Alleged N80.2bn fraud: EFCC declares Yahaya Bello wanted
The Economic and Financial Crimes Commission (EFCC) Thursday declared wanted the immediate past governor of Kogi State, Yahaya Adoza Bello. It said Bello, 48, was wanted in connection with an alleged case of money laundering to the tune of N80,246,470,089,88. The Commission published the notice online via a flyer posted on its official Facebook page […]
Naira Abuse: Court grants ‘not guilty’ Cubana Chief Priest N10m bail
The court also handed Cubana Chief Priest to his lawyer for 14 days pending the perfection of the bail conditions, failing which the defendant would be remanded in the Ikoyi Correctional Services Centre.
I Collected Millions Of Dollars In Cash For Emefiele, Witness Alleges
The Federal High Court in Lagos, Friday, April 12, 2024, heard that a former Governor of the Central Bank of Nigeria, CBN, Godwin Emefiele allegedly received millions of dollars in cash, in undocumented circumstances, through a proxy, Mr. Monday Osazuwa.
Osazuwa, a Senior CBN Supervisor, made the allegation while testifying as the first witness (PW1) of the Economic and Financial Crimes Commission, EFCC,
NIN: Court Bars MTN, Airtel From Deactivating Subscribers’ Lines
The Federal High Court sitting in Lagos has granted an interim injunction restraining telecom operators from deactivating or barring any line or sim not linked to a National Identification Number (NIN). Justice Ambrose Lewis-Allagoa made the order while ruling on a motion filed by an activist-lawyer Olukoya Ogungbeje. Ogungbeje had in Suit FHC/L/CS/667/23 joined the […]
