Crime
EFCC Charges DNFBPs To Uphold Anti-Money Laundering Regulations
EFCC Charges DNFBPs To Uphold Anti-Money Laundering Regulations
EFCC charges DNFBPs to uphold anti-money laundering regulations. The Executive Chairman of Economic and Financial Crimes Commission, Ola Olukoyede has charged Designated Non Financial Business and Professions, DNFBPs to adhere strictly to the provisions of the Money Laundering (Prevention and Prohibition) Act 2022 in the discharge of their duties.
He gave the charge at one-day Anti-money Laundering sensitization workshop for DNFBPs, organised on Thursday March 6, 2025 in Benin City by the Special Control Unit against Money Laundering, SCUML with the theme: “From Awareness to Action: Mobilising DNFBPs for Compliance.”
The EFCC boss who spoke through the Acting Zonal Director, ACE I Effa Okim stated that one of the aims of the workshop was to broaden understanding on compliance as non-compliance with AML/CFT regulations had serious economic consequences for the nation. He noted that the Commission valued the participation of DNFBPs in the workshop as their businesses and professions were pivotal to the growth of the economy.
“As DNFBPs, you play a critical role in the growth of the economy. We are not here to stifle you businesses. All we want is that you operate within the rules and regulations as well as report suspicion transactions,” he said.
In his remarks, the Director of SCUML, who was represented by Pascal Samu, a Deputy Commander of the EFCC noted that it was important that stakeholders came together to tackle the menace of money laundering and terrorism financing.
“The fight against money laundering and terrorism financing is a global challenge that requires our collective efforts.
DNFBPs are at the risk of being used as conduit pipes through which illicit funds enter the legitimate economy. Therefore, it is important that we prepare ourselves to effectively identify the danger of these financial crimes,” he said.
Speaking further, he disclosed that the workshop was aimed at equipping DNFBPs with the right knowledge to contribute their quota in tackling money laundering.
“Our outreach programme is aimed at providing information concerning Know-Your-Customer, KYC, and Customers Due Diligence, CDD, measures including Politically Exposed Persons and the importance of compliance. We believe that with the right tools we can sufficiently reduce the risk within our system,” he said.
In his paper titled, “Application of KYC/CDD measures, PEP Reporting to prevent ML/TF risk for DNFBPs”, DCE Samu emphasised the importance of knowing your customers and carrying out due diligence by DNFBPs in order to guide against unwholesome practices.
According to him, “The more an organisation knows about its customers/clients, the greater the chances of preventing money laundering. In some cases the simplified KYC/CDD is sufficient. In other cases, further KYC/CDD is required and could be extensive.”
ACEII Morris Keiriama, Compliance and Enforcement Officer with SCUML in his paper, titled: “Implementation of Administrative Sanctions Regime for DNFBPs,” listed fines, suspension, revocation/withdrawal of licence and warning letter as administrative sanctions that can be imposed on DNFBPs for non-compliance with regulatory authorities.
Keiriama who also presented a paper on “Identifying and Reporting Suspicious Transaction Reports” urged DNFBPs to be vigilant in identifying suspicious transactions and ensure reporting of the same to relevant government agencies.
EFCC
“Suspicious transactions are financial transactions that you have reasonable grounds to suspect are related to the commission of a money laundering, counter-terrorism or counter-proliferation of offence,” he said.
Head, SCUML Benin Zonal Directorate, SE Ibrahim Boyi in his paper titled:
“Implementing Targeted Financial Sanction on Terrorism Financing and Proliferation Financing” noted that Targeted Financial Sanction, TFS were sanctions imposed on specific individuals, groups or organisation to prevent them from carrying out deadly terrorism activities and disrupting world peace. He urged the DNFBPs to regularly check for watch-listed names.
Among DNFBPs that attended the workshop were real estate developers, chartered accountants, solid mineral miners, automobiles dealers and casino operators.
EFCC Arraigns Former SKye Bank Chairman, Tunde Ayeni For N15.6b Fraud
The Economic and Financial Crimes Commission, EFCC, on Monday, May 4, 2026, arraigned a former Chairman, Board of Directors of the defunct Skye Bank Plc, Tunde Ayeni before Justice Jude Onwuzuruike of the Federal Capital Territory, FCT, High Court, Apo, Abuja.
Ayeni was arraigned on a 17-count charge bordering on criminal breach of trust, misappropriation and conversion of investors’ funds to the tune N15,665,085,429 (Fifteen Billion, Six hundred and Sixty five Million, Eighty five thousand, Four Hundred and Twenty-nine Naira (N15,665,085,429).
Prosecution counsel E.E. Iheanacho, SAN, informed the court that the matter was slated for arraignment and prosecution ready for trial.
“We have before the court 17-count charge dated April 28, 2026, we humbly apply that the charge be read to the defendant”, he said.
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Count three of the charge reads: “That you, Tunde Ayeni, whilst being the Chairman, Board of Directors of the defunct Skye Bank Plc between 21st of October, 2014 and 19th November, 2014 at Abuja within the jurisdiction of this Honourable Court and having dominion over depositors funds domiciled in the defunct Skye bank Plc’s Suspense Account, committed criminal breach of trust when you dishonestly misappropriated the aggregate sum of Three billion, Two hundred and One million, Five Hundred and Thirty Five Thousand, Four Hundred and Twenty Nine Naira, Forty two kobo(N3,201,535,429.42) by transferring same to Misa Limited’s account No: 1011295717 and 1011295718 domiciled with Zenith Bank in Violation of the Prudential Guidelines and other regulations and thereby committed an offence contrary to Section 311 of the Penal Code and punishable under Section 312 of the same Act.
Count five of the charge reads: “That you Tunde Ayeni, whilst being the Chairman, Board of Directors of the Defunct Skye Bank Plc on or about 27th November, 2014, at Abuja within the Jurisdiction of this Honourable Court and having dominion over depositors’ funds domiciled in the defunct Skye bank Plc’s Suspense Account, committed criminal breach of trust when you dishonestly misappropriated the sum of Five Billion, Seventy Eight million, Five hundred and Fifty thousand Naira(N5, 078,550,000) by transferring same to Union Registrar Limited’s Account No: 0003490559 domiciled with Union Bank in violation of the Prudential Guidelines and other Regulations and thereby Committed an offence contrary to Section 311 of the Penal Code and Punishable under Section 312 of same Act.”
Fraud
Ayeni pleaded “not guilty” to the charges when they were read to him.
In view of his “not guilty” plea, Iheanacho prayed the court for a trial date and urged the court to remand the defendant in a Correctional Centre.
Defence counsel, Ahmed Raji Bashir, SAN, informed the court that the charge was given to the defendant on a public holiday adding that he considered it imperative to inform the court. He also prayed the court to release the defendant to him or return him to the custody of the EFCC.
Justice Onwuzuruike adjourned the matter to May 13, 2026, for hearing of the bail application, while the defendant was remanded at the Kuje Correctional Centre pending determination of bail application.
EFCC Arraigns Fake BDC Operator For Alleged N78. 2m Fraud In Onitsha
The Enugu Zonal Directorate of the Economic and Financial Crimes Commission, EFCC, has arraigned one Okeke Ejike Callistus, a fake Bureau De Change operator before Justice D. A. Onyefulu of the Anambra State High Court sitting in Onitsha, Anambra State.
Callistus was arraigned on a ten-count charge bordering on forgery and stealing to the tune of N78, 295, 000 (Seventy-eight million, Two hundred and Ninety-five thousand Naira).
Count one of the charge reads: “Mr. Okeke Ejike Callistus (trading under the name and style of Nwachimereze Amen Resources), sometime on the 2nd of May, 2024, at Onitsha, within the jurisdiction of the High Court of Anambra State, did commit a felony to wit: stealing by fraudulently converting to your personal use the sum of N62, 745, 000. 00 (Sixty-two million, Seven hundred and Forty-five thousand Naira) being property of Ezegwu Leonard Chinedu trading under the name and style of Leatez Enterprises and thereby committed an offence”.
Eereporter.com
Count two of the charge reads: “That you, Okeke Ejike Callistus (trading under the name and style of Nwachimereze Amen Resources), sometime between the 3rd to the 7th of May, 2024 at Onitsha, within the jurisdiction of the High Court of Anambra State, did commit a felony to wit: stealing by fraudulently converting to your personal use the sum of N15, 550, 000. 00 (Fifteen million, Five hundred and Fifty thousand Naira) being property of Ezegwu Leonard Chinedu and thereby committed an offence”.
The offence contravenes Section 342 of the Criminal Code Law, Cap 36, Anambra State and punishable under Section 353 (12) of the same Law.
The defendant pleaded “not guilty” to the charges preferred against him by the Commission and in view of his plea, counsel to the EFCC, Assistant Commander of the EFCC, ACE II Rotimi Enitan Ajobiewe prayed the court for a trial date and for the defendant to be remanded at the facility of the Nigerian Correctional Service.
However, defence counsel, Hypolite Ohaneche informed the court about a pending bail application before it, moved it and prayed the court to admit his client to bail.
Ajobiewe opposed the bail application on the ground that “there is likelihood of the defendant jumping bail due to the fact that he previously jumped bail granted him by the Commission”.
After listening to both sides, Justice Onyefulu granted the defendant bail in the sum of N50million with two sureties. One of them must have a tax clearance certificate. The sureties must be related to the defendant, live within the jurisdiction of the court and have a National identification Number.
EFCC
The defendant was arrested when a petitioner, Ezeugwu Leonard Chinedu, claimed that he gave him the sum of N78, 295, 000 for onward transmission to his business partner in China.
Instead of remitting the money, the defendant remitted some and sent telex copies of “ABA Bank of Cambodia” for the outstanding amount, which upon presentation to the partner in China, were found to be fake.
During the course of investigation, the defendant admitted receiving the said sum but added that he diverted part of the money for his personal use.
Nigerian Navy Storms Dayspring Island, Routs Militants, Demolishes Hideout In Cross River
The Nigerian Navy has escalated its offensive against criminal elements in the maritime domain, delivering decisive blows to militant networks operating along the Calabar–Oron channel in Cross River State.
In a series of aggressive clearance operations, personnel of Nigerian Navy Ship (NNS) VICTORY and Forward Operating Base (FOB) IBAKA stormed Dayspring Island following the recent surge in kidnappings and related criminal activities.
The operation was anchored on the establishment of a forward security outpost at Idung 1 (Peacock Crossing), providing a tactical foothold for sustained dominance of the creeks and adjoining waterways.
The rapid offensive forced suspected militants to abandon their positions and flee upon contact with advancing naval troops. Maintaining relentless pressure, Nigerian Navy personnel, in conjunction with troops of the Nigerian Army 13 Brigade, secured key waterways and denied the criminals freedom of movement.
Eereporter.com
Exploitation of the area led to the discovery and destruction of a militant hideout linked to a notorious suspect known as “Juju” in the Idung axis. The suspect fled in disarray, abandoning two boats fitted with outboard engines, which were immediately seized. The hideout was subsequently demolished to eliminate its future use as a criminal sanctuary.
Further tightening the noose, troops tracked and apprehended one suspected informant providing support to the militant network. The suspect is currently in custody, undergoing interrogation and will be handed over to the appropriate authorities for prosecution.
Nigerian Navy
To consolidate operational gains and choke criminal activity, a 13-hour restriction on maritime movement from 5:00 pm to 6:00 am has been enforced within the operational area.
Prior to the intervention, militant elements operated with impunity, conducting kidnappings and extorting riverine communities. The sustained naval onslaught has now degraded their operational capability, disrupted their logistics, and confined their activities deep within the creeks.
The Nigerian Navy remains resolute and will sustain this aggressive posture, ensuring that all criminal elements are flushed out and the maritime environment remains secure for lawful activities.
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