EFCC ARREST 2 BANKERS FOR STEALING N2.8 BILLION

The Economic and Financial Crimes Commission has arrested two top bankers over another round of N2.8 billion pension fraud.

Those arrested are said to be staff of a second generation bank in the Abuja Central Business District.

The pension cash, which was lodged in five accounts in the bank was also traced to the United Arab Emirates.

It was learnt that the EFCC was probing the alleged COLLABORATION” between the two suspects and a former chairman of Pension Reform Task Team, Abdulrasheed Maina.

Maina could not be located since the EFCC filed charges against him for allegedly being unable to account for billions of naira alongside a former Head of the Civil Service of the Federation Steve Oronsaye, for a phony biometric exercise..

Findings revealed that the two bankers were arrested on October 22 following what a source described as “fresh evidence that they are managing proxy accounts for Maina.”

A document on the preliminary investigation by the EFCC reads in part: “The accounts, which have over time witnessed massive inflow of slush funds, include two corporate and three individual accounts.

“The first individual account opened in the name of Abdullahi Faizer had a turnover of N1.5 billion while the other operated in the name of Nafisatu Aliyu recorded a turnover of over N100 million

DIEZANI TO BE IN UK TILL NEXT YEAR

Former Minister of Petroleum Resources Mrs Diezani Alison-Madueke will not be able to leave the United Kingdom (UK) until April, next year.

It was learnt that That is when the investigations into allegations against her are expected to have been concluded, Judiciary sources said.

She is expected to be arraigned before the magistrate for alleged money laundering and bribery, Click HERE for the full story

Mrs Alison-Madueke was arrested last week along with four others by the United Kingdom’s National Crime Agency (NCA).She was granted bail. Her international passport was, however, seized.

On Monday, the London  Westminster Magistrate’s Court on Marylebone Road approved the holding of the £27,000 cash seized from her, following an application brought by the NCA under the Proceeds of Crime Act in the UK.

The court also ruled that the cash can be held for six months – till April, next year when she is expected to be arraigned after investigations.

It was learnt yesterday that the court also granted the order that she should remain in London while investigations last.

Mrs Alison-Madueke will only be able to travel after an application has been brought before the court and approved.

She had previously denied any wrongdoing when it was alleged that $20b of oil money had gone missing when she was in office between 2010 and 2015

IS DANGOTE REALLY THE RICHEST NIGERIAN?

PEOPLE gave wonderful reply to the question of "the richest Nigerian" due to the recent DIZEANI wahala... if you missed it click here 
below are some of the replies 

DIEZINE AND BROTHERS ARRAIGNED IN LONDON FOR ALLEGED BRIBERY AND MONEY LAUNDRY

diezine

UK court okays seizure of £27,000

•Hardley Petroleum Solutions Limited
(Believed to be used for money laundering)
•Company registered in Manchester 27/06/2013
•Company dissolved in Manchester 10/02/2013
•Company didn’t file any account when operating
•Directors: Ugonna Madueke, Abu Fari, Somye 
Agama and Abiye Agama

Former Minister of Petroleum Resources Mrs Diezani Alison-Madueke is to be arraigned in London with her brothers for alleged bribery and money laundering, it was learnt yesterday.

Investigations by our correspondent in the United Kingdom showed that she was arrested with her brothers Abiye Agama and Somye Agama.

They are directors of Hadley Petroleum Solutions Limited, a company the authorities believe to have been used for money laundering. The other directors are Ugonna Madueke and Abu Fari.

The company was registered in June 2013 in Manchester, but was dissolved less than two years later in February this year without filing any account.

Abiye, 33, a point man of the firm, is a computer engineer and manager. He was a director in 11 other companies. He resigned from seven of them.

The United Kingdom’s National Crime Agency (NCA) last week arrested Mrs Alison-Madueke and five others as part of the investigation into allegations of bribery and money laundering. They were granted bail.

It could not be ascertained why the former minister was not arraigned.

But she had previously denied any wrongdoing when it was alleged that $20 billon of oil money had gone missing when she was in office between 2010 and 2015

However, a London (Westminster Magistrate’s Court) on Marylebone Road yesterday approved the seizure of $41,000 (£27,000) cash from her.

The seizure of the cash followed an application brought by the NCA under the Proceeds of Crime Act in the UK.

The court ruled that the money can be held for six months.

There was confusion earlier in the day that Mrs Alison-Madueke had appeared in court. However, it turned to be incorrect. She was not taken to court and had not been charged with any offence.

President Muhammadu Buhari has pledged to curb corruption, saying “mind-boggling” sums were stolen during the Jonathan administration.

The NCA leads UK law enforcement’s fight to cut serious and organised crime. It has national and international reach and the mandate and powers to work in partnership with other law enforcement organisations to bring the full weight of the law to bear on serious and organised criminals.

The Proceeds of Crime Act says “The Proceeds of Crime Act 2002 (“POCA”) sets out the legislative scheme for the recovery of criminal assets with criminal confiscation being the most commonly used power.

“Confiscation occurs after a conviction has taken place. Other means of recovering the proceeds of crime which do not require a conviction are provided for in the Act, namely civil recovery, cash seizure and taxation powers.

“The aim of the asset recovery schemes in POCA is to deny criminals the use of their assets, recover the proceeds of crime and disrupt and deter criminality.

“Since 2010, more than £746 million of criminal assets has been seized (to 2013/14) across all four methods of recovery – a record amount.

“Over the same period, assets worth more than £2.5 billion have been frozen denying criminals access to these resources and £93 million has been returned to victims,” said a factsheet.