The Economic and Financial Crimes Commission (EFCC) has denied claims that the ongoing investigation of former Attorney-General of the Federation (AGF) and Minister of Justice Abubakar Malami is politically motivated. The EFCC Chairman, Ola Olukoyede, said the agency operates professionally, handling cases without regard to political affiliation. He also revealed that he personally edited Malami’s …
Ex-AGF, others given 14 days to show assets were lawfully acquired as court grants N1.5bn bail The Federal High Court in Abuja on Wednesday ordered the interim forfeiture of 57 properties allegedly linked to former Attorney-General of the Federation and Minister of Justice, Abubakar Malami (SAN), and members of his family. The properties, valued …
When embarking on international travel, the goal of ensuring that one does not lose money often leads to two distinct challenges: avoiding legal penalties (seizures and fines) and minimising financial loss (bad exchange rates and fees). Various countries, including Nigeria, have rules on possession of cash, especially hard currencies such as dollars, Euros, and pounds …
The Federal Capital Territory (FCT) High Court has dismissed the bail application of former Attorney-General of the Federation and Minister of Justice Abubakar Malami, who had sought release from the custody of the Economic and Financial Crimes Commission (EFCC). In his ruling on Thursday, Justice Babangida Hassan stated that Malami’s detention is lawful and supported …
The Financial Action Task Force (FATF) has removed Nigeria from the global money-laundering watchlist, explaining that the country has demonstrated strong political will and inter-agency collaboration in combating financial crimes over the last two years under President Bola Tinubu, since the country was placed on the grey list. Its president, Elisa de Anda Madrazo, announced …
A Federal High Court in Abuja has sentenced a retired Director of Finance and Administration at the Abuja Metropolitan Management Council (AMMC), Garuba Mohammed Duku, to 24 years in prison for diverting ₦318 million belonging to the government. AMMC is under the Federal Capital Territory Administration (FCTA). Justice James Omotosho delivered the judgement after finding …
The Federal High Court in Abuja has sentenced a retired Director of Finance and Administration with the Abuja Metropolitan Management Council (AMMC), Mr. Garuba Mohammed Duku, to 24 years in prison for diverting N318 million belonging to the Federal Capital Territory Administration (FCTA). Justice James Omotosho delivered the judgment after finding Duku guilty on six …
The Inter-Governmental Action Group against Money Laundering in West Africa (GIABA) will host a three-day regional training for journalists on investigating economic and financial crimes in Bissau, Guinea-Bissau, from September 22 to 24, 2025. The announcement was contained in a press release signed by Timothy Melaye, Acting Principal Officer, Communication and Advocacy, GIABA. According to …
