Pension fraud trial Judge suspended for one year by NJC

Click banner for more info

The judge who presided over the pension scam trial and gave light sentence to one of the accused persons, has been suspended for one year without pay by the National Judicial Council (NJC). JusticeAbubakar Talba of the FCT High Court imposed a mere N750,000 to convicted felon, John Yakubu Yusuf, who stole billions of pension fund.

A statement from the council’s spokesperson, Mr. Soji Oye, read

“The National Judicial Council under the chairmanship of the Honourable Chief Justice of Nigeria, Honourable Justice Aloma Mariam Mukhtar, at its meeting which was held on 24th and 25th April, 2013 suspended Honourable Justice Abubakar Mahmud Talba of the FCT High Court from office for a period of 12 months without pay.

Honourable Justice Talba was suspended from office sequel to the findings by council that he did not exercise his discretion judicially and judiciously with regard to the sentences he passed on one of the accused persons, Mr. John Yakubu Yusuf, in the Police Pension case of FRN Vs Esai Dangabar and 5 Ors.     

EFCC Arrests 33yr Old Banker Over ₦100m Fraud

Click banner for more info

The Economic and Financial Crimes Commission has arrested one Onyekachi Nwosu, the relationship/account officer of a new generation bank in Enugu over a case of multiple conspiracies, forgeries and bank fraud involving over a hundred million naira.

The 33-year-old  native of Mbaise, Imo State is purported to have provided false information to his bank to facilitate the approval of a loan of N50 million to Floxy Aluminium Odiofele Products Limited in 2010.

The suspect claimed that Anyaso Chinedu, the managing director of Floxy Aluminium Odiofele Products, approached the bank for a N30 million loan facility but could not secure it because of insufficient collateral. He claimed that a non customer, Femi Akintobi approached the bank for a N40 million facility and came with sufficient collateral which he then use to secure a N50 million loan from which Akintobi got N40 million while Floxy Aluminium  was given N10 million.

RCC Exposed! Redeemed Pastor Adeboye In N20b Fraud!

Click banner for more info

Nigeria is one liberally sentimental society where what you write or say about religious idols are quick to be termed as blasphemy but truth be told, Nigerians are being taken for granted and it`s high time we take our destiny in our hands by making our leaders answerable to some of the financial calamities the country has been plunged into over the years.

By estimation, according to international analysts, Nigeria is meant to be one of the most prosperous nations in the world owing to its staggering production of about 2.4 million barrels of oil everyday and with the price of oil pegged at $93.61 a barrel, our dear country earns a whopping $224 million income a day, and this is just from crude oil sales. With its geopolitical power and economic resources, I doubt if any country would have the power and financial might to change the course of black/African civilization like Nigeria had our leaders not corrupt. 

MASS ARREST: 32 people, 22 Nigerians arrested for multi-million credit card fraud in the US

Click banner for more info

32 people, including 22 Nigerians have been arrested in a multimillion, multi-state identity theft and credit card fraud ring. See the report from www.nj.com below...

The Hudson County Prosecutor's Office first got involved in the investigation in the early fall of 2012, when they received numerous complaints from victims as far away as California claiming that credit cards in their name made fraudulent retail purchases in Hudson County, officials said yesterday.

Using store video and physical surveillance, the detectives were able to identify several suspects, authorities state. Detectives then linked those suspects to hundreds of other accounts and millions of dollars in phony transactions.

Please continue After The Break

Update: 32 people, including 22 Nigerians arrested for multi-million credit card fraud in the US

Click banner for more info

 If you missed first part of the story, click Here to read it.
So many people were arrested Wednesday as part of the Hudson County Prosecutor's Office's sweeping investigation into a multimillion-dollar, multistate credit card fraud ring, the suspects had to appear via videolink from the Kearny jail yesterday in groups of threes.

In total, 32 people are charged with being part of the ring, including 26-year-old Oladayo Araromi, a nurse at the Hudson County jail in Kearny.

Lamar Odom and Khloe Kardashian deny charity fraud accusations

Click banner for more info

Khloe Kardashian’s hoopster hubby is slapping down accusations he faked out fans with his charity Cathy’s Kids.

According to ESPN, the foundation that Lamar Odom started in 2004 after his mom died of cancer hasn’t given a dime to cancer causes despite its stated mission to do so.

The charity already has raised more than $2 million, ESPN said, but its work so far amounts to some $1.3 million spent on youth basketball teams, the sports network reported.

Eight years of tax records show the rest of the money went to cover they charity's expenses, an investigation by ESPN’s “Outside the Lines” found.

NNPC Manager Arraigned Over N285.2 Million Fraud

Click banner for more info

A former depot supervisor of Total Nigeria Plc, Emmanuel Abulude, was Friday arraigned by the Economic and Financial Crimes Commission, EFCC, before an Ikeja high court for allegedly stealing petroleum products worth N285.2 million.

The former oil company official was charged  on a one-count charge of stealing by fraudulent conversion before Justice Lateefa Okunnu with his company, Emmanbyink Ventures Limited.

Abulude was alleged to have obtained the sum of N285.2 million representing the proceeds of 92 trucks of petroleum products  between September 2011 and January 2012 .

Female Banker Jailed 9 Solid Years For Fraud

Click banner for more info

Justice Adeniyi Onigbanjo of the Lagos High Court sitting in Ikeja has sentenced a former banker, Vera Ogbonna Akanni to nine years imprisonment for defrauding her bank customers various sums of money to the tune of N35.4 million.

The convict was prosecuted on an eight count charge bordering on obtaining money by false pretence and stealing by fraudulent conversion.

Prior to her sentencing, defence counsel, Yinka Oyeniji, drew the attention of the court to an affidavit of means placed before the court on February 17, 2013.

N107 Million Fraud: You Have No Case Against Me – Former PDP Chairman Tells ICPC

Click banner for more info

A former national chairman of the Peoples Democratic Party (PDP), Prince Vincent Ogbulafor, has indicated his intention to file a “no case submission” in his ongoing trial by the Independent Corrupt Practices and other Related Offences Commission (ICPC) before an Abuja High Court.

Ogbulafor, who was also a Minister of Special Duties is being prosecuted by the ICPC, along with Emeka Ebilah and Jude Nwokoro on a 17- count charge of conspiracy and award of fictitious contracts to the tune of N107 million. According to the prosecuting counsel the offence is contrary to and punishable under Section 19 of the Corrupt Practices and other Related Offences Act 2000.

N22m Fraud: EFCC Arraigns Ikechukwu Amaefula

Click banner for more info

The Economic and Financial Crimes Commission on February 13, 2013 arraigned one Ikechukwu Amaefula before Justice Olasumbo Olarenwaju Goodluck of the Federal Capital Territory High Court, Zuba, on a four count charge bordering on issuance of Dud Cheque.

One of the charge reads, “ That you Ikechukwu Amefula, on or about the 10th August 2009 in Abuja, within the jurisdiction of this honorable court obtained credit for yourself by issuing a Zenith Bank cheque No.36879156,for the sum of Twenty Two Million Naira ( N22,100,000) which said cheque when presented for payment within three months of issuance was dishonored due to insufficient fund in your account thereby committed an offence contrary to section1[1][b]of the Dishonored cheques offences Act Cap 102Laws of the federation of Nigeria and punishable under section1[1][b][1] of the same Act.”

Pastor Docked Over Alleged N725, 000 Visa Fraud

Click banner for more info

A 43-year-old pastor, Nehemiah Elijah, who allegedly obtained N725, 000 under pretence, was on Friday charged before an Ikeja Magistrates’ Court in Lagos. Elijah, who resides at No. 13 Edom St., Muwo, Ojo, Lagos, is facing a three-count charge bordering on conspiracy, stealing and fraud. The prosecutor, Insp. Okoi Edet, told the court that the accused had on May 5, 2011 at Ojo Area, Lagos, obtained the sum of N725, 000 from one Mr Cyprian Ezegbo.

Aides of billionaire bizwoman, Folorunsho Alakija, In EFCC Custody for fraud

Click banner for more info

An aide of billionaire business woman, Mrs Folorunsho Alakija, and six others have been arrested by EFCC for forgery, impersonation and stealing N3 million from Mrs Alakija's foundation, Rose of Sharon.

Vincent Ayewah (pictured above centre) conspired with six others to allegedly steal cheques and withdraw money meant for the beneficiaries of the Rose of Sharon Foundation. Mrs Alakija, who petitioned the EFCC, alleged that Vincent forged cheques of the foundation’s Stanbic IBTC Bank Account and got his sister Miss Florence Ayewah  (pictured above, right) and their friends to cash the forged cheques by presenting them with fake identity cards.

Youtube Strips 2billion Fraud Video Views From Rihanna, Justin Bieber and Others

Click banner for more info

Some of these pop stars are artificial inflating their video views on Youtube to make themselves appear more popular online. Youtube chiefs recently stripped 2 billion views from pop videos on its site amid fears the figures were faked. Rihanna, Justin Bieber and other music stars under Universal Music label lost 1 billion views.
Rita Ora, Alicia Keys, Labrinth and other music stars under Sony Music label lost 850 million views.
Michael Jackson's feed lost 287 million views, while Beyonce lost 151 million views Youtube stripped the views without suggesting the music stars or their labels were directly involved in artificially inflating them. Some fans who are hackers could have inflated them, or maybe the labels paid the 'hackers' to take up the numbers. Depends on what you chose to believe :-)

EFCC Declares Ex-Kogi Governor, Abubakar Audu, Wanted Over N4bn Fraud

Click banner for more info

The Economic and Financial Crimes Commission, EFCC has declared former governor of Kogi State, Abubakar Audu, wanted for offences bordering on conspiracy, stealing and misappropriation of public fund.

The action followed the failure of the Mr. Audu to respond to invitations by the anti- graft agency.

An attempt by the EFCC to arrest at the former governor at his 32, Sulaiman Barau Street, Asokoro, Abuja residence on December 11, 2012 failed as he allegedly evaded arrest.The former governor is alleged to have fraudulently enriched himself with over N4 billion of Kogi funds while he held sway as governor between 1999 and 2003.

Nigerian woman caught in insurance fraud after she rushes off to have séx in public (PHOTO)

Click banner for more info

A séx romp at a public park helped prosecutors convict a California woman of faking an ankle injury to collect workers’ compensation payments, authorities said. Modupe Adunni Martin, 29, was sentenced to nine months in jail on Thursday in San Mateo County after pleading no contest in October to felony workers compensation fraud.Martin was caught on videotape in August 2009 throwing her crutches into a car and running in high heels to meet her boyfriend at a public park, where she took part in a séx act that doctors concluded she couldn’t have done with an injured ankle, District Attorney Steve Wagstaffe said.

N800m Fraud: EFCC Accuses Court Of Indulging Kogi Officials

Click banner for more info

EFCC Chair, Ibrahim Lamorde. Source

The Economic and Financial Crimes Commission (EFCC), has accused the presiding judge of the Federal High Court sitting in Lokoja, Kogi State, Justice I. E. Ekwo, of condoning the antics of two suspects with the aim of delaying their prosecution on charges of money laundering and criminal misappropriation of N800million in public funds.

Video-Photos: Popular Gospel Artist, Mayowa Ajayi, MAIOJOE Arrested For Fraud In The UK

Click banner for more info

A gospel singer who pretended to be an American fighter pilot, an oil executive and widower to con women out of more than £120,000 has been jailed today. Oluwamayola Ajayi, 31, of Sherman Gardens, Chadwell Heath, used dating website Match.com to ensnare four women using different names and identities.

Ex-Italian Prime Minister, Silvio Berlusconi, jailed for tax fraud

Click banner for more info

An Italian court on Friday sentenced former prime minister Silvio Berlusconi to four years in jail for tax fraud in connection with the purchase of broadcasting rights by his Mediaset television company.
Berlusconi has the right to appeal the ruling two more times before the sentence becomes definitive and will not be jailed unless the final appeal is upheld, Reuters reports.

Prosecutors had asked for a jail sentence of three years and eight months.
The court also ordered damages provisionally set at 10 million euros (8.05 million pounds) to be paid by Berlusconi and his co-defendants to tax authorities.

Ex-Italian Prime Minister, Silvio Berlusconi, jailed for tax fraud

Click banner for more info

An Italian court on Friday sentenced former prime minister Silvio Berlusconi to four years in jail for tax fraud in connection with the purchase of broadcasting rights by his Mediaset television company.
Berlusconi has the right to appeal the ruling two more times before the sentence becomes definitive and will not be jailed unless the final appeal is upheld, Reuters reports.