Aliko Dangote  The petition accused Dangote of grossly violating the Forex Guidelines of the CBN for years. President Bola Ahmed Tinubu has received a petition against Africa’s richest man, Alhaji Aliko Dangote over $3.4 billion allegedly siphoned through the Central Bank of Nigeria. The petition exclusively obtained by POLITICS NIGERIA was attached to a letter addressed to President Tinubu and filed by Ahmed Fahad, a social justice advocate. It was dated August 18, 2023, and titled ‘Petition To President Tinubu Against Dangote’ and copied to Jim Obazee, who was recently appointed by the President as a special investigator to probe the Central Bank of Nigeria and related entities. The petition accused Dangote of grossly violating the Forex Guidelines of the CBN for years. President Tinubu Receives Petition Against Africa’s Richest Man, Dangote Over $3.4Billion ‘Siphoned’ Through Nigeria’s Central Bank It alleged that the suspended CBN Governor Godwin Emefiele borrowed $1 billion fr...

Some policemen attached to the Force Criminal Investigation and Intelligence Department on Tuesday searched the home of the suspended acting Chairman of the Economic and Financial Crimes Commission, Ibrahim Magu. A top police officer told The PUNCH that the policemen searched Magu’s house located on Abduljalil Street, Karu Site, on the outskirts of Abuja,  for several hours and made away with vital documents. The policemen who carried out the search were said to be the same ones who arrested Magu on Monday. The officer said, “On Tuesday evening, a team of policemen stormed the home of Magu in Karu. That is the house where Magu used to live before he moved to Maitama after his appointment as EFCC chairman. “The policemen made away with some items and everything will be processed as investigations continue.” Meanwhile, it was learnt that Magu was detained for a second day after answering questions from the panel for over five hours on Tuesday. He was subsequently...

The Economic and Financial Crimes Commission has said that it has recovered wristwatches worth N20m from ‘Instagram big boy’, Mompha. Mompha, whose real name is Ismaila Mustapha, was arrested by the EFCC on his way to Dubai last Friday. The EFCC said in a statement by its Spokesman, Mr. Wilson Uwujaren, that Mompha allegedly used his bureau de change to launder funds. The statement read, “The EFCC, Lagos Zonal office, has arrested a social media celebrity, Ismaila Mustapha popularly known as Mompha for alleged involvement in internet-related fraud and money laundering. “The suspect was arrested on Friday 18 October, 2019 at the Nnamdi Azikiwe International Airport, Abuja on his way to Dubai, United Arab Emirates following series of actionable intelligence reports linking him to organised transnational cyber fraud and money laundering. “Ismaila allegedly perpetrates his fraudulent activities under the cover of being a Bureau de Change operator, to launder his...