ALLEGED N8.7B FRAUD: MALAMI’S BANKERS FILED SUSPICIOUS REPORTS ON HIS TRANSACTIONS-WITNESS. (PHOTO). #PRESS RELEASE.

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Alleged N8.7b Fraud: Malami’s Bankers Filed Suspicious Reports on his Transactions-Witness The Fourth Prosecution Witness, PW4, in the trial of the former Attorney-General of the Federation and Minister of Justice, Abubakar Malami, on Wednesday, May 13, 2026, told Justice Joyce Abdulmalik of the Federal High Court, Maitama, Abuja, that Zenith Bank Plc, where the former AGF had account, filed Suspicious Transaction Report, STR, in respect of his transactions. The Economic and Financial Crimes Commission, EFCC, is prosecuting Malami alongside his wife, Hajia Bashir Asabe, and his son, Abubakar Abdulaziz Malami, on amended 16-count charge, bordering on conspiracy, procuring, disguising, concealing and laundering proceeds of unlawful activities to the tune of N8,713,923,759.49 (Eight Billion, Seven Hundred and Thirteen Million, Nine Hundred and Twenty-Three Thousand, Seven Hundred and Fifty-Nine Naira, Forty-Nine Kobo), contrary to the provisions of the Money Laundering (Prevention and Pro...
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LAKE MICHIGAN’S LONG-LOST LAC LA BELLE SHIP FOUND AFTER NEARLY 150 YEARS. (PHOTO).

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 Lake Michigan’s long-lost Lac La Belle ship found after nearly 150 years

One of Lake Michigan’s most sought-after shipwrecks, the passenger steamer Lac La Belle, has been located nearly 150 years after it sank, discovered by Illinois shipwreck hunter and scuba diver Paul Ehorn. The vessel went down during a stormy night in October 1872, and Ehorn found it upright on the lakebed, remarkably intact.

Built in 1864 in Cleveland, Ohio, the Lac La Belle was a popular passenger steamer, initially running routes from Cleveland to Lake Superior. After sinking in 25 feet of water in the St. Clair River in 1866 due to a collision, it was raised and refurbished three years later. The ship was later acquired by Milwaukee’s Englemann Transportation Company and operated passenger routes to Grand Haven, Michigan. On October 13, 1872, the vessel departed Milwaukee during a moderate gale carrying 53 passengers and crew, along with cargo including barley, flour, pork, and whiskey. Roughly two hours into the voyage, the ship began leaking uncontrollably. The captain attempted to return to Milwaukee, but worsening weather extinguished the boiler fires, and the ship sank stern-first around 5 a.m. Eight people died when a lifeboat capsized, while other survivors reached shore between Racine and Kenosha.

Ehorn, who became a certified scuba diver in 1960, has spent decades exploring Great Lakes shipwrecks. His interest in wooden steamers drew him to the Lac La Belle, and with historical guidance from maritime historian Ross Richardson, he and partner Bruce Bittner used sidescan sonar to locate the wreck. Ehorn described the discovery as a moment of “real jubilation,” noting that while the superstructure is gone, the wooden framing and some cargo remain visible. Now 80, Ehorn has recruited divers to film the site and plans to create a detailed 3D model of the wreck. He will present the discovery at the 2026 Ghost Ships Festival in Manitowoc, Wisconsin, on March 7.


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