The Police Special Fraud Unit (PSFU), Lagos, has arraigned an employee of an investment company, Bello Saheed Samuel, before the Federal High Court in Lagos over an alleged insider fraud involving about N90 million. Samuel was charged with conspiracy and money laundering following investigations into the disappearance of company funds, which police said were fraudulently…
The federal government has withdrawn the money laundering charges filed against an executive of Binance Holdings Limited, Tigran Gambaryan. Recalls that the Economic and Financial Crimes Commission, EFCC had in April this year, arraigned Binance, a cryptocurrency firm, and Gambaryan over alleged money laundering. Mr Gambaryan, a United States citizen, has been in detention since…
The Economic and Financial Crimes Commission (EFCC) has withdrawn the money laundering charge filed against a former Attorney-General of Lagos State, Olasupo Shasore. Shasore was arraigned alongside his company, Middlesex Investments Ltd, on a 14-count charge of money laundering before Justice Inyang Ekwo, in November 2022. At the day’s proceedings, counsel for the EFCC, Bala…