Legal & Regulations Archives - Nairametrics

Nigerian convicted for $1.5 million Business Email Compromise scheme in U.S.

Samson Akintaro — Fri, 14 Jun 2024 12:46:50 +0000

Umeti, 35, and his co-conspirators sent victims businesses phishing emails, which were made to appear as though they originated from trusted senders, such as a bank or a vendor.

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Nigerian Court discharges Tigran Gambaryan, Nadeem from FIRS tax evasion case against Binance

Nnaemeka Onyekachi — Fri, 14 Jun 2024 12:22:43 +0000

The Federal High Court on Friday discharged Tigran Gambaryan, a 39-year-old American, and fleeing Nadeem Anjarwalla from the Federal Inland Revenue Service (FIRS) tax evasion case against the cryptocurrency exchange platform, Binance.

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FAAC: Supreme Court reserves judgment in Tinubu’s dispute with governors over 21% LGA allocations, others

Nnaemeka Onyekachi — Thu, 13 Jun 2024 17:16:50 +0000

The Supreme Court of Nigeria has reserved judgment in federal government's suit which seeks to stop the governors of 36 states from spending or tampering with 20.6% allocation from the federation account to local government areas, among other reliefs.

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ICPC arraigns two REA officials over N426 million ‘fraud’ in agency

Nnaemeka Onyekachi — Thu, 13 Jun 2024 17:11:29 +0000

Two REA officials have been remanded after taking their plea in a rural electrification supervision fraud case by the ICPC.

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Seplat ExxonMobil $1.28 billion deal gets boost as NNPC moves to withdraw lawsuit

Nnaemeka Onyekachi — Thu, 13 Jun 2024 14:13:02 +0000

NNPC has filed a motion in the High Court of the Federal Capital Territory, Abuja, seeking to discontinue its ongoing legal action against several subsidiaries of Mobil Nigeria and the Nigerian Upstream Petroleum Regulatory Commission.

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Again, Yahaya Bello’s arraignment stalled at Abuja court over alleged N80.2 billion fraud

Nnaemeka Onyekachi — Thu, 13 Jun 2024 10:17:33 +0000

Again, the planned arraignment of Yahaya Adoza Bello, a former Kogi State Governor before a Federal High Court sitting in Abuja has stalled amid an N 80.2 billion fraud charge instituted by the Economic and Financial Crimes Commission (EFCC).

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N80.2 billion fraud: Yahaya Bello to be arraigned at Abuja court today

Nnaemeka Onyekachi — Thu, 13 Jun 2024 06:36:38 +0000

Former governor of Kogi, Yahaya Bello is expected to be arraigned before the Federal High Court Abuja today.

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Tiv communities seek remedy over ‘government seizure’ of 10,000 hectares for agriculture in Nasarawa

Nnaemeka Onyekachi — Wed, 12 Jun 2024 18:31:36 +0000

The Tiv indigenes have asked for a “remedy” regarding the alleged takeover of 10,000 hectares of their ancestral lands by the Nasarawa State Government given the latter’s agricultural plans.

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Zenith Bank confirms Sirika’s daughter owns a company linked to N1.4 billion Aviation contract

Nnaemeka Onyekachi — Wed, 12 Jun 2024 07:19:04 +0000

A compliance officer from Zenith Bank Plc, Mishelia Arhyel, told the Federal Capital Territory High Court Abuja on Tuesday that former Minister of Aviation, Hadi Sirika's daughter, Fatima, and son-in-law, Jalal Hamma, owned Al-Buraq Global Investment Ltd, a company the Economic and Financial Crimes Commission (EFCC) indicted in an aviation fraud suit.

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SEC blacklisted Famzhi CEO, Mariam Suleiman, jailed 5 years for N2 billion fraud in Nigeria

Nnaemeka Onyekachi — Wed, 12 Jun 2024 07:07:59 +0000

On Tuesday, the Federal High Court sitting in Abuja convicted and sentenced the Chairman and Managing Director of Famzhi Interbiz Ltd, Mariam Suleiman, to a five-year jail term for fraudulently diverting investors’ money to N2 billion.

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Emefiele: NSPM MD admits suggesting ‘De La Rue’ for naira redesign in UK

Nnaemeka Onyekachi — Tue, 11 Jun 2024 18:38:18 +0000

EFCC's second witness testified in EFCC's unlawful naira printing case against Godwin Emefiele.

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CJ approves E-Affidavit usage for litigants, users in Nigeria, others

Nnaemeka Onyekachi — Tue, 11 Jun 2024 08:44:36 +0000

The Federal High Court has introduced Electronic Affidavit for the use of litigants and other users.

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EFCC secures final forfeiture of BDC dealer’s properties over N1.2 billion scam

Nnaemeka Onyekachi — Tue, 11 Jun 2024 05:26:58 +0000

Federal High Court Abuja orders final forfeiture of properties bought by BDC dealer Jedidiah Ibrahim Ezenwa over N1.2 billion contract scam case by EFCC.

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Paris Club Refund: Supreme Court reverses N1.2 billion forfeiture order against consultant

Nnaemeka Onyekachi — Sat, 08 Jun 2024 12:43:01 +0000

The Supreme Court of Nigeria, Abuja has reversed the final forfeiture order made against N1,222,384,857.84 linked to Melrose General Services Limited, associated with the much-talked-about Paris Club Refund.

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MultiChoice Nigeria announces plans to appeal tribunal’s N150 million fine, free subscription

Cyrus Ademola — Sat, 08 Jun 2024 11:40:16 +0000

MultiChoice Nigeria has stated its plans to appeal the ruling from the Competition and Consumer Protection Tribunal in Abuja on Friday.

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EFCC secures final forfeiture of Nigerian university

Nnaemeka Onyekachi — Sat, 08 Jun 2024 08:04:27 +0000

The EFCC has secured final forfeiture of NOK University, Kaduna.

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Multichoice says Nigerian Tribunal “breached its right” with free subscription order

Nnaemeka Onyekachi — Fri, 07 Jun 2024 20:50:47 +0000

The legal team of Prominent Pay-TV operator, Multichoice Nigeria has said that the Competition and Consumer Protection Tribunal “breached their right to fair hearing” by imposing a N150 million fine on it following its preliminary objection challenging its jurisdiction among other reliefs.

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About 108 Ex-US prosecutors and Feds demand release of Binance executive in Nigeria

Michael Ndu-Okeke — Fri, 07 Jun 2024 12:55:12 +0000

Over a hundred United States former prosecutors and federal agents have come together to address the United States Department of State to secure the release of Tigran Gambaryan, the head of financial crimes and compliance at Binance, from custody in Nigeria.

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Tribunal orders Multichoice to give Nigerians one-month free subscription

Nnaemeka Onyekachi — Fri, 07 Jun 2024 10:49:08 +0000

The verdict delivered by three of the panel led by Thomas Okosu on Friday also ordered Multichoice to give Nigerians a one-month free subscription on DSTV and GOTV.

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EFCC arraigns TStv MD, Bright Echefu, for allegedly defrauding ex-Minister N380 million

Samson Akintaro — Thu, 06 Jun 2024 16:03:48 +0000

The Economic and Financial Crimes Commission (EFCC), on Thursday, arraigned Bright Echefu, Managing Director and Chief Executive Officer (MD/CEO) of Telecom Satellites Limited (TStv) and three others on a nine-count money laundering charges.

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