PM News Nigeria

$50b smuggled out of Russia in 2011

Russia’s central bank said Wednesday that $49 billion had left the country illegally last year in a staggering capital flight equal to 2.5 percent of the country’s total economic product. The total outflows of capital from Russia — transactions that include tax payments and the transfer of profits made through investments — slipped to $56.8 […]

Currency smuggler forfeits money to FG

Abdulrasheed Ibrahim: currency smuggling

Nnamdi Felix / Abuja A forex currency smuggler who delayed his sentencing by a Nigerian Federal High Court siting in Abuja after he changed his earlier guilty plea was on Wednesday sentenced by the court. The smuggler, Mallam Abulrasheed Ibrahim was convicted for attempting to smuggle the sum of $188,858 out of the country. Ibrahim […]

Man with $188,858 changes guilty plea

Nnamdi Felix / Abuja An alleged money launderer, Abdulrasheed Ibrahim, who was slated for sentencing on Monday having pleaded guilty to an alleged attempt to launder $188, 858 out of Nigeria through a Dubai/United Arab Emirates bound Ethiopian Airline, stunned a federal high court sitting in Abuja when he denied his earlier admittance of guilt. […]

Man with $188,858 to be sentenced Monday

Abdulrasheed Ibrahim: currency smuggling

A Nigerian Federal High Court sitting in Abuja will on Monday January 21, 2013 sentence one Abdulrasheed Ibrahim for attempting to smuggle $188,858 out of Nigeria . The accused person on Thursday January 17, 2013 pleaded guilty to the one count charge of money laundering preferred against him by the Economic and Financial Crimes Commission, […]

Nigerian traveller with $767,500 arrested

The Nigeria Customs Service on Friday arrested a Hong Kong-bound passenger at Murtala Mohammed International Airport, Lagos, with 767,500 dollars. The Customs Command at the airport said the passenger was arrested while boarding Emirates flight number EK782 to Hong Kong, via Dubai. The Public Relations Officer of the Customs Service at the airport, Mrs Thelma […]

2 Lebanese bizmen convicted for forex smuggling

Hassan & Talal: forfeit $25,000 to FG

Two Lebanese businessmen in Nigeria, Hassan Rmaiti and Talal Hammoud who were arrested at the Murtala Mohammed International Airport, Lagos 26 November with $2,073,160 have been convicted by Justice Okechukwu Okeke of the Federal High Court sitting in Lagos. While Hassan Rmaiti was arrested with $1,971,920, Talal Hammoud was caught with $101,240.00 (One Hundred and […]

Forex smuggler Arrested in Nigeria With $130k

Operatives of Nigeria’s Economic and Financial Crimes Commission, EFCC, on Wednesday, December 19, 2012, arrested a suspected forex smuggler, Bash Abdu at the Mallam Aminu Kano International Airport , Kano. As EFCC had done in similar cases, Abdu will be charged with money laundering. Abdu, a Nigerian but with a Dubai residence permit was on […]

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