FG re-affirms commitment to fight money laundering, terror financing

July 29, 2022 Blueprint 0

The federal government has re-affirmed its commitment to the fight against money laundering and terrorism financing. The Minister of Interior, Rauf Aregbesola, disclosed this Friday in Abuja at the inauguration of a 10-member Inter-ministerial Committee set up to implement the adoption and implementation of the assigned roles to the ministry. This, he said, was based on the Financial Action Task Read More

Flutterwave opens up on money laundering, card fraud allegations

July 7, 2022 Segun Odunewu, Lagos 0

Nigerian startup, Flutterwave Payment Technology has denied the N44 billion laundering allegation and alleged card fraud leveled against it by the Kenyan authority, Asset Recovery Agency (ARA). The company led by Olugbenga Agboola, is said to be operating a payment service without Central Bank of Kenya license, which is against the payment system act in the country. It was gathered Read More

On fighting menaces of money laundering…

May 20, 2022 Blueprint 0

President Muhammadu Buhari, this week, in Abuja, signed into law, three bills aimed at improving the anti-money laundering and counter-terrorist financing/proliferation financing framework in Nigeria. Money laundering refers to the process of taking illegally obtained money and making it appear to have come from a legitimate source. It involves putting the money through a series of commercial transactions in order Read More

Breaking: Court sentences ex-pension boss, Maina, to 8 years in prison for stealing, money laundering

November 8, 2021 Editor 0

A former Chairman of the defunct Pension Reform Task Team (PRTT), Mr Abdulrasheed Maina, has been convicted and sentenced to eight years in prison by the federal high court for money laundering. The judgement was delivered in Abuja on Monday by Justice Okon Abang. Justice Abang found Maina guilty on all the 12-count charge the Economic and Financial Crimes Commission Read More