August 24, 2016 - Legal Nigeria

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$10.3b probe: EFCC to seize Diezani’s assets in America

Admin 1 8 years ago

Ex-minister ‘acquired properties in associates’ names’ Former Petroleum Resources Minister Diezani Alison-Madueke is likely to lose some United States properties traced to her. The Economic and Financial Crimes Commission (EFCC) is probing Mrs Alison-Madueke for over $10 billion slush funds. […]

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LIRS Seals Protea Hotel

Admin 1 8 years ago

The Lagos State Internal Revenue Service (LIRS) has sealed Protea Hotel, close to Kuramo Waters, over alleged failure to remit N11.07 million personal income taxes deducted from workers’ salaries. Mrs. Ajibike Oshodi-Sholola, Head, Distrain Unit of LIRS, disclosed this to […]

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SA Appeals Court Reserves Judgement On Henry Okah’s Case

Admin 1 8 years ago

A panel of five justices of South Africa’s Supreme Court of Appeal led by Justice Mahomed Navsa have reserved Judgement in the case brought by alleged leader of the Movement for the Emancipation of the Niger Delta (MEND), Henry Okah. […]

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CBN To Punish Banks For Illegal Forex Transactions

Admin 1 8 years ago

Apex bank levels round tripping allegationsBanks were yesterday hit with allegations of round tripping.Acting Director, Trade & Exchange, W.D. Gotring, in a circular to authorised dealers titled: Re: Transactions in ‘Free Funds’ by Authorised Dealers’, accused banks of buying and […]