COURT JAILS TWO FOR N14.8M FRAUD IN MAIDUGURI. (PHOTO). #PRESS RELEASE.

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 Court Jails Two for N14.8m Fraud in Maiduguri Justice B.T Zannah of the Borno State High Court sitting in Maiduguri, on Monday, July 13, 2026 convicted and sentenced two to three years imprisonment. The convicts are: Babagana Bukar and Hauwa Chabri.  The convicts were arraigned on Monday, July 13, 2026 by the Maiduguri Zonal Directorate of the Economic and Financial Crimes Commission, EFCC, on a separate one -count charge for the offence of criminal misappropriation to the tune of N14,800,000.00 (Fourteen  Million, Eight Hundred Thousand Naira). The charge against Bukar reads: "That you, Babagana Bukar sometimes in 2025 at Maiduguri, Borno State within the jurisdiction of this honourable court, dishonestly misappropriated and converted to your own use the aggregate sum of N8,800,000.00 (Eight Million, Eight Hundred Thousand Naira)  money belonging to Bunu Gambo Liman, being amount given to you through Babakura Umar and Bello Adamu for the supplies of 100 bags of IRS...
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EFCC SENSITIZES REAL ESTATE OPERATORS, WARNS AGAINST MONEY LAUNDERING.(PHOTOS).#PRESS RELEASE.

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EFCC Sensitizes Real Estate Operators, Warns Against Money Laundering

The Economic and Financial Crimes Commission, EFCC, has charged real estate operators in Lagos to ensure due diligence on their customers as a way of checking the menace of money laundering and terrorist financing in the country.

The Lagos Zonal Commander of the EFCC, Michael T. Wetkas, gave the charge today, June 27, 2023,  in his address to participants at a sensitisation workshop on Anti-Money Laundering, Combating the Financing of Terrorism and Countering Proliferation Financing, AML/CFT/CPF organized by the Special Control Unit against Money Laundering, SCUML at the Lagos Zonal Command of the EFCC, Ikoyi.

He said “Registration with SCUML has become necessary as a way of monitoring and reducing the risk of subversive use of the real estate operators by money launderers and terrorism financiers”.

Wetkas urged the Designated Non-Financial Businesses and Professions, DNFBPs, to conduct due diligence and adhere to the principle of Know Your Customers, KYC, before consummating any transaction.

Also, in his remarks, the Coordinator, SCUML, Lagos, Paschal Samu, said the workshop was designed to enlighten the real estate operators on their roles in complying with Money Laundering Act, 2022.

He assured the participants that the EFCC would continue to engage the stakeholders through sustained enlightenment activities on the need for DNFBPs to key into the activities of SCUML.

In her presentation on “Anti-Money Laundering Policy, Controls and Procedures”, ACE Korede Abdul-Aziz enlightened the participants on how to identify and report suspicious transactions, warning that failure to report such activities or transactions would attract sanctions or penalties.

She urged the operators to build the capacity of their staff and appoint Compliance Officers in line with provisions of the Money Laundering Act, 2022. 

Akintoye Adeoye, the Vice President, Real Estate Developers of Nigeria, REDAN, applauded the SCUML for its continuous efforts in sensitising the public on the menace of money laundering. 

He also expressed readiness to spread the message to other developers.

More photos below. 






 

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