Wema Bank, Dana Air in EFCC trouble over alleged money laundering scam

Wema Bank Plc and Dana Air, owners of Sri Sai Vandana Foundation, a Non-Governmental Organisation (NGO) are enmeshed in a money-laundering scam and may be prosecuted by the Economic and Financial Crime Commission, EFCC over Dana Air’s inflight donation collected between 2014 and 2018. Speaking on the allegations, EFCC’s acting spokesman, Tony Orilade said “The EFCC will take it up. We will investigate and prosecute the crime element once prima facie is established,” Dana started Nigeria’s Sri Sai Vandana Foundation in 1995 and commenced the inflight donation in partnership with…

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Yes, we are investigating Ex-Gov., Ambode, EFCC confirms

The Economic and Financial Crimes Commission, on Tuesday, has confirmed that the anti-graft agency is investigating former Lagos State governor Akinwunmi Ambode but denied raiding his Epe home. EFCC’s visit to Ambode’s country home in Epe is coming weeks after the agency secured a court order placing an embargo on three bank accounts totalling N9.3bn allegedly linked to the former governor In a statement issued by the EFCC spokesman, Tony Orilade, the anti-graft agency said since Ambode no longer enjoys immunity, it was investigating him and the visit to his…

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EFCC seizes Ambode’s N9.9bn

The Economic and Financial Crimes Commission says it has frozen three bank accounts containing a total of N9.9bn linked to the immediate past Governor of Lagos State, Akinwunmi Ambode. The EFCC, in a press statement by its spokesman, Tony Orilade, titled, ‘EFCC Secures Freezing Order on Accounts Linked to Ex-Gov. Ambode over Alleged N9.9bn Fraud’, said Justice Chuka Obiozor of the Federal High Court sitting in Ikoyi, Lagos, on Tuesday ordered the freezing of the sum of N9.9bn belonging to the Lagos State Government. The funds are domiciled variously in…

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BREAKING: NJC dismisses Innoson Motors chairman’s petition against Lagos judge

The National Judicial Council has dismissed a petition written by the Chairman of Innoson Motors, Chief Innocent Chukwuma, against Justice Mojisola Dada of the Lagos State Special Offences Court in Ikeja, Lagos. The Economic and Financial Crimes Commission had charged Chukwuma and his company with alleged forgery and stealing before the judge. But the businessman has repeatedly failed to appear before the judge for his arraignment. At the prompting of the EFCC, the judge issued a bench warrant against Chukwuma and later declared him wanted. But accusing the judge of…

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