Court Jails Ex-NIMASA Executive Director Seven Years

A federal court in Lagos has sentenced a former executive director at the Nigerian Maritime Administration and Safety Agency (NIMASA), Ezekiel Agaba, to seven years in prison for laundering N1.5 billion. Mr Agaba was in charge of Maritime, Safety and Shipping at the agency. He is also facing another trial alongside Patrick Akpobolokemi, a former director-general of NIMASA; a 12-count charge of conspiracy, forgery, and stealing amounting to N687 … Continue reading Court Jails Ex-NIMASA Executive Director Seven Years

Alleged $1bn Fraud: EFCC Arraigns Malabu Oil Firm And Others

The Economic and Financial Crimes Commission (EFCC) has arraigned Malabu Oil and Gas Limited, six other firms and an Abuja-based businessman, Aliyu Abubakar before a Federal High Court in Abuja. By Eric Ikhilae, Abuja They were charged with money laundering in a 48-count charge over their alleged fraudulent dealings in relation to the controversial oil block, OPL 245. The EFCC claimed about $1bn and N673m … Continue reading Alleged $1bn Fraud: EFCC Arraigns Malabu Oil Firm And Others