EFCC ARRAIGNS MAN FOR ALLEGED ₦55M FRAUD IN LAGOS. (PHOTO). #PRESS RELEASE.

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 EFCC Arraigns Man  for  Alleged ₦55m Fraud in Lagos The Lagos Zonal Directorate 1 of the Economic and Financial Crimes Commission, EFCC, on Wednesday, December 3, 2025 arraigned one Gabriel Celestine Nwawuzor, before Justice Daniel Osiagor of the Federal High Court in Ikoyi, Lagos for ₦55m fraud. Nwawuzor was arraigned alongside Moonlink Pharmaceuticals Limited, on a 3-count charge bordering on fraud and money laundering to the tune of N55,000,000 (Fifty Five Million Naira) One of the counts reads: "That you Gabriel Celestine Nwawuzor and Moonlink Pharmaceuticals Limited sometime in April, 2021, in Lagos, within the jurisdiction of this Honorable Court procured the account number 2170235882 domiciled in Zenith Bank to retain the sum of N55, 000, 000.00 ( Fifty Five Million Naira) which sum you knew forms part of the proceeds of your unlawful act and you thereby committed an offence contrary to Sections 21(a), 18(2)(d) of the of Money Laundering (Prevention and Prohibitio...
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GHANA: THE LAW TO INVESTIGATE UNEXPLAINED WEALTH OF PEOPLE IS A BAD IDEA - CLARA KASSER-TEE. (PHOTO).

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 The Law To Investigate Unexplained Wealth Of People Is A Bad Idea - Clara Kasser-Tee


Legal influencer,  Clara Kowlaga Kasser-Tee, has cautioned that Parliament’s legislation of a lifestyle audit for individuals suspected of amassing unexplained wealth will negatively impact the fight against corruption.


She believes that the corrupt people are smarter and will always beat the system, especially if a legislative measure is being set to curb it


According to her, such persons will certainly resort to the use of sophisticated structuring that will legally conceal ownership.


Clara Kowlaga Kasser-Tee stated that they would rather hoard proceeds in offshore accounts rather than keep it in the country and live lavishly.


Her statement comes after Speaker of Parliament, Alban Bagbin, announced that Parliament is set to begin drafting legislation to support lifestyle audits for individuals suspected of amassing unexplained wealth, marking a significant step toward enhancing Ghana’s fight against corruption.


She believes the law being drafted by Parliament is a bad idea because “There will be more capital flight, and other economies will benefit at the expense of the Ghanaian economy. This is not how to fight corruption”.


She made this known in a post shared via social media, “This may have a persecution effect, and give a populist impression of fighting corruption, but no, it will not fight corruption. I repeat, it will not fight corruptuon. The truly corrupt are smarter than that.


Where do you think the truly corrupt will keep their loot? In Ghana? Do you know how many offshore banks will gladly receive the loot, and keep ‘confidentiality? Do you know sophisticated structuring that will legally conceal ownership? Lets keep.targeting small fishes, just as we have been doing with plaintain thieves.


Until someone complained that so much dollars was stolen from their room, who suspected they had that much ? Did you see them in overly flamboyant lives?


This law is a bad idea. There will be more capital flight, and other economies will beneft at the expense of the Ghanaian economy. This is not how to fight corruption”.

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