laundering

Nigerian-Born Tech Gurus Convicted In US For Money Laundering

July 18, 2022 3:21 am

Three businessmen of Nigerian origin whose names were given as; Anslem Oshionebo, Opeyemi Odeyale and Aleoghena Okhumale have been convicted for money laundering in the United States.

Their fate was decided over the weekend after Ping Express U.S. LLC pleaded guilty to the charge which involved the failure to maintain an effective anti-money laundering program.

The Texas company, which transferred millions of dollars from America to Africa, admitted that it failed to play by the rules.

Africa Daily News, New York gathered that though the firm was licensed to transmit money, it had no approval to conduct currency exchange.

Ping …

The Money Laundering World Of Hamza Koudeih, By EFCC

November 3, 2019 4:30 am

He is a Lebanese, resident in Lagos and steeped in money. From his $1.3 million residence in Eko Atlantic Pearl Tower to his high-end automobiles, Hamza Koudeih oozes money-all of which he made doing nothing in the country but money laundering- which the Economic and Financial Crimes Commission (EFCC) says he has done to the tune of $19 million

Those who have followed the unraveling of a Lebanese man, Hamza Koudeih by the Economic and Financial Crimes Commission (EFCC), would readily agree that it is misleading to judge a book by its cover. He is unassuming, comes off innocuous, and …

Atiku’s son-in-law arrested over money Laundering – EFCC

March 4, 2019 2:21 pm

The Economic and Financial Crimes Commission (EFCC) said Monday that Alhaji Babalele Abdullahi, the son-in-law of the defeated Peoples Democratic Party’s (PDP) presidential candidate, Atiku Abubakar, was being detained over alleged money laundering amounting to €150 million.