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A Kaduna State High Court has ordered the interim forfeiture of N316,748 belonging to one Haruna Mamuda, over allegations of fraud.
Mr. Mamuda was docked before Justice M.M. Ladan of the Kaduna State High Court on allegations of corruption by the Independent Corrupt Practices and Other Related Offences Commission (ICPC) following a receipt of a petition against him.
He was alleged to have fraudulently demanded and received the sum of N120,000 from one Bartholomew Ifeanyi Nwagu, as a security clearance fee for a non-existent federal government committee.
ICPC had approached the court with an ex parte motion pursuant to section 45, 47 and 48(1) of the Corrupt Practices and Other Related Offences Act 2000 for an order for the interim forfeiture of the money held in the First City Monument Bank Plc (FCMB) account of Mamuda.
CISLAC: Nigeria loses $18 billion annually to tax evasion, money laundering, others today.ng - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from today.ng Daily Mail and Mail on Sunday newspapers.
By Bose Adelaja
Against the backdrop of corrupt practices in Nigeria, Civil Society Legislative Advocacy Center CISLAC, on Tuesday, lamented rising increase in corruption in Nigeria saying the country loses about $18b annually to tax evasion, money laundering and other related offences especially outside the country.
Speaking in Lagos, at a media workshop for investigative journalists on “Effective Reporting of the Asset Recovery and Management System in Nigeria,” which took place in Ikeja G.R.A, CISLAC Executive Director, Auwal Ibrahim Musa (RAFSANJANI) said the $18b according to International financial intelligence has rated Nigera the worst in illicit financial flows offenders in Africa, in terms of elaborate international fraud schemes.
Nigeria loses $18bn annually to tax evasion, money laundering, others ― CISLAC vanguardngr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from vanguardngr.com Daily Mail and Mail on Sunday newspapers.
By Bose Adelaja
Against the backdrop of corrupt practices in Nigeria, Civil Society Legislative Advocacy Center CISLAC, on Tuesday, lamented rising increase in corruption in Nigeria saying the country loses about $18b annually to tax evasion, money laundering and other related offences especially outside the country.
Speaking in Lagos, at a media workshop for investigative journalists on “Effective Reporting of the Asset Recovery and Management System in Nigeria,” which took place in Ikeja G.R.A, CISLAC Executive Director, Auwal Ibrahim Musa (RAFSANJANI) said the $18b according to International financial intelligence has rated Nigera the worst in illicit financial flows offenders in Africa, in terms of elaborate international fraud schemes.