June 24, 2022 In ​​, -anyos

P&ID Scam: Court Orders Closure Of Nigerian Company Over Money Laundering

A Federal High Court in Abuja has ordered the closure of Marqott Nigeria Limited, an alleged accomplice in the $9.6bn Gas Supply and Processing Agreement between the Ministry of Petroleum Resources and Process and Industrial Development Limited, P&ID Limited over money laundering.In a ruling on Thursday, Judge Donatus Okorowo convicted Marqott Nigeria Limited after finding

May 31, 2022 In ​​, -anyos

Court arraigns civil servant for alleged N3.2 million employment scam

Magistrate Ibrahim Emmanuel of the Kaduna Chief Magistrates’ Court has arraigned Suleiman Farouq, a 33-year-old civil servant for allegedly defrauding 15 job seekers of N3.2million. Mr Farouq had promised to secure jobs for the 15 job seekers after claiming to be an agent for the State Internal Revenue Service. He was arraigned on Tuesday after…

February 24, 2022 In ​​, -anyos

Appellate court decision allows Bitconnect class action to proceed

The superior court has reversed a lower court’s decision, making it possible for a class action to proceed against the promoters of one of crypto’s most infamous scams. 2004 Total views 43 Total shares The 11th Circuit Court of Appeals has ruled that victims of the Bitconnect Ponzi scheme can proceed with a class action…

February 22, 2022 In ​​, -anyos

CBI court awards five years’ jail to Lalu Prasad in 5th case

A special CBI court on Monday sentenced RJD president Lalu Prasad to five years imprisonment in the fifth and final case in the fodder scam. The court also imposed a fine of ₹60 lakh on him. The case relates to withdrawals from Doranda treasury during his tenure as chief minister of undivided Bihar. Prasad has…

January 17, 2022 In ​​, -anyos

Court remands ex-director Taiga over alleged P&ID scam

A Federal High Court, Abuja, on Monday, ordered that Grace Taiga, a female accomplice in the multiple fraud involving Process and Industrial Development Limited (P&ID), be remanded in Suleja Correctional Centre pending the perfection of her bail terms. Justice Obiora Egwuatu gave the order following the inability of Mrs Taiga to meet the bail conditions.…