
News
Hundreds of dollars laundered out of Nigeria every hour — Interpol
The International Police Organisation (Interpol) has revealed that hundreds of thousands of dollars are being laundered out of Nigeria every hour.
This alarming disclosure was made on Monday by Garba Umar, Interpol Vice President for Africa, during the opening of a four-day training workshop for Nigerian law enforcement agencies at the Economic and Financial Crimes Commission (EFCC) Academy in Abuja.
According to Umar, the scale of money laundering in Africa and globally has reached unprecedented levels. In response, Interpol has implemented Silver Notices to combat this growing threat.
“Evidence shows that every hour, hundreds of thousands of dollars flow out of Nigeria, laundered before reaching criminals’ pockets, allowing them to enjoy the profits of their crimes while honest Nigerians bear the brunt,” Umar stated.
He emphasized that successful laundering of criminal money leads to more drugs, fraud, corruption, and violence, thereby weakening financial institutions.
However, he assured that the introduction of Silver Notices would make laundering illicit funds significantly more difficult worldwide.

Umar highlighted the theme of the workshop, “Strengthening Capacity and Coordination against Financial Crimes,” stressing the need for continuous training to stay ahead of sophisticated fraudsters.
He urged participants to discuss and learn about transnational crimes, identify solutions, and enhance policing capabilities to support national security and global safety.
“This workshop allows us to re-examine our strategies against transnational crimes, reaffirm our unity, and provide security to our citizens and the global community,” Umar said.
He called for greater collaboration among law enforcement agencies to ensure criminals do not profit from their illicit activities.
Echoing this sentiment, EFCC Executive Chairman Ola Olukoyede, represented by Director of Fraud Risk Assessment and Control, Francis Usani, emphasized the importance of collaboration in fighting financial crimes.
Olukoyede noted that corruption’s complex nature could only be tackled through collective efforts, highlighting the EFCC’s impressive record of convictions and recoveries.
“Our commitment is to prevention, knowing it is easier and cheaper than investigating and prosecuting corruption,” he said.
Japanese Ambassador to Nigeria, Kazuyoshi Matsunaga, lauded the workshop as a significant joint initiative between Japan and Nigeria to combat financial crimes.
He underscored the necessity of international cooperation in tackling border-transcending financial crimes.
“This collaboration benefits not only Nigerians but people worldwide, including the Japanese,” Matsunaga said, recalling a successful joint operation three years ago that returned funds to a Japanese fraud victim.
Hafsat Bakare, Director General and CEO of the Nigerian Financial Intelligence Unit (NFIU), stressed the importance of financial intelligence in combating economic crimes.
She expressed optimism that the training would help Nigeria exit the Financial Action Task Force’s Grey List by mid-2025.
Isaac Oginni, Director of Interpol Financial Crime and Anti-Corruption Centre (IFCACC), emphasized the need to deny fraudsters the financial gains of their crimes.
He urged participants to utilize financial intelligence effectively and work collectively to fight money laundering.
“Each agency represents a piece of the puzzle, and together we can develop a complete picture,” Oginni said.
The workshop, the first of its kind hosted by the EFCC, was organized by INTERPOL and the Japan International Cooperation Agency (JICA). It included participants from the Police, EFCC, NFIU, Nigeria Immigration Service, and Nigeria Customs Service.
News
My name has been cleared, says Alison-Madueke after London Jury acquits her of corruption charges
Former Minister of Petroleum Resources, Diezani Alison-Madueke, has declared her complete vindication after being acquitted of all charges brought against her by a jury at Southwark Crown Court in London.
In a statement issued on Wednesday through her representative, Bolouere Opukiri, Alison-Madueke said the verdict marked the end of an eleven-year legal battle that had subjected her and her family to intense public scrutiny.
“Today, at Southwark Crown Court, I was acquitted of all charges brought against me,” she said.
Reflecting on the lengthy legal process, the former minister described the period as one of immense hardship and personal suffering.
“For eleven arduous years, this matter has weighed heavily upon me and my family. Today, a decade of unrelenting and unjust vilification, condemnation, and scrutiny has finally concluded,” she stated.
Alison-Madueke expressed gratitude to God, her legal team, family and friends for their support throughout the trial.

“I give thanks to Almighty God for His faithfulness and for the complete vindication I have received. I am grateful to my legal counsel for their diligence, and to my family and friends for their steadfast support and encouragement throughout this period,” she said.
The former minister said the verdict had brought a sense of relief and closure after years of legal uncertainty.
“I am profoundly relieved. My name has been cleared, and this ordeal has come to an end,” she added.
Despite the acquittal, Alison-Madueke indicated that she intends to speak further about the events of the past decade and outline her future plans.
“This, however, is not the final chapter. In due course, I shall address this difficult period in greater detail and share my intentions for the future. For now, I intend to embrace the freedom that has been unjustly denied me for many years,” she said.
The statement followed her acquittal at Southwark Crown Court, bringing to a close a legal case that had attracted significant public attention over the past eleven years.
News
London court acquits Alison-Madueke of all corruption charges
Diezani Alison-Madueke, the former Minister of Petroleum Resources, was on Wednesday acquitted by a London jury of six bribery charges, after a rare corruption trial of a high-profile former energy official.
Alison-Madueke was minister between 2010 and 2015 under then-president Goodluck Jonathan.
She stood trial charged with five counts of accepting bribes and a charge of conspiracy to commit bribery, which she denied.
Prosecutors alleged Alison-Madueke, 65, was given “a life of luxury” in London from oil and gas industry figures seeking lucrative contracts in Nigeria, which has long grappled with mismanagement and corruption.
But the former minister, who was also briefly president of the Organization of the Petroleum Exporting Countries, said she never took any bribes and had no real influence over awarding of lucrative government contracts.
After a trial at London’s Southwark Crown Court, Alison-Madueke was acquitted by a jury of all six charges she faced after more than 46 hours of deliberation.

The not guilty verdicts are a major blow to British authorities, which began their investigation into corruption allegations against Alison-Madueke more than a decade ago.
Alison-Madueke stood trial alongside oil industry executive Olatimbo Ayinde, 54, who was charged with one count of bribery relating to Alison-Madueke and a separate count of bribery of a foreign public official.
Alison-Madueke’s brother Doye Agama, 69, was charged with conspiracy to commit bribery with his sister relating to payments made to Agama’s church.
Both Ayinde and Agama denied the charges against them and were also acquitted by the jury. (Reuters)
News
Court martial: 12 soldiers face trial over alleged murder, other criminal offences
The Commander, 4 Special Forces Command, Nigerian Army, Doma, Maj.-Gen. Olurotimi Awolo, has inaugurated a General Court Martial (GCM) to try 12 soldiers accused of various offences, including alleged murder, assault and aiding criminality.
Speaking during the inauguration on Tuesday in Doma, the Commander, represented by the President of the General Court Martial, Col. Salihu Ibrahim, said the convening order was issued pursuant to powers conferred on him by Section 131(2)(d) of the Armed Forces Act, Cap A20, Laws of the Federation of Nigeria, 2004.
He said the court was constituted to hear the cases of all accused personnel and determine each matter strictly on its merit.
“The court will be guided throughout the trial by the principles of natural justice as enshrined in the Constitution of the Federal Republic of Nigeria, 1999 (as amended).
“We are also mindful of the cardinal principle of criminal justice that every accused person is presumed innocent until proven guilty.
“Where the prosecution fails to establish any allegation beyond reasonable doubt, the court will discharge and acquit the accused person.

“Conversely, where an accused person is found guilty, the law will take its course in accordance with the provisions governing such offences,” he said.
He assured all parties of the court’s commitment to fairness, justice and professionalism, urging prosecution and defence counsels to avoid unnecessary delays and frivolous adjournments.
The court president maintained that speedy disposal of the cases would serve the interest of justice and ensure confidence in the military justice system.
However, trial could not commence immediately after the inauguration as six of the accused persons present in court were declared medically unfit to stand trial.
The court’s Medical Orderly, Sgt. Audu Ahmadu, informed the panel that five of the six accused persons had elevated blood pressure levels.
Following the development, the prosecutor, Capt. Shamsondeen Sadiq, urged the medical orderly to ensure that the affected personnel received adequate medical attention to enable the trial to commence.
The President of the court subsequently adjourned proceedings to a later date, which would be communicated to all parties.
Speaking with newsmen after the inaugural sitting, Barr. George Illah, counsel to one of the accused persons, commended the Command for constituting the court martial.
He expressed confidence in the competence of the panel, noting that the president of the court, other members and the Judge Advocate were qualified to discharge their responsibilities.
“As a defence counsel, I will do my best to ensure that the soldiers standing trial before this honourable court martial get the justice they deserve.
“It is important for people to understand that military personnel standing trial before a court martial are entitled to all constitutional and legal rights guaranteed under the law, and we will ensure that those rights are protected,” he said.
The News Agency of Nigeria (NAN) reports that members of the General Court Martial include Col. A.A. Buhari, Lt.-Col. Victor Yamu, Lt.-Col. A.K. Karma and Lt.-Col. S. Abdullahi.
Others are Maj. J.M. Usendeng, Maj. A.D. Ahmed, Maj. U. Ahmed, Maj. S.L. Sagu, while Capt. U. Nna serves as Judge Advocate. (NAN)
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