EKO HOT BLOG reports that the House of Representatives Committee on Financial Crimes is preparing to enforce its constitutional powers against Binance Holdings Limited after the company failed to attend a public hearing. The hearing aimed to address allegations of terrorism financing, money laundering, tax evasion, and other illicit activities against the digital assets exchange operator … Read more
EKO HOT BLOG reports that Justice I.O. Ijelu of the Lagos State High Court sitting in Ikeja, Lagos, on Friday, issued a bench warrant for the arrest of a businessman, Chief Cletus Ibeto, for failing to appear in court for his arraignment over an alleged N4.8bn fraud. The judge had, on October 5, 2023, adjourned … Read more
EKO HOT BLOG reports the Economic and Financial Crimes Commission (EFCC) has denied claims of issuing an arrest warrant on loan defaulters. The anti-graft agency disclosed this in a statement through its official X handle on Friday, while reacting to a trending document titled ‘Arrest Warrant Processing’, ‘Loan Fraud Escalation’ and others. EDITOR’S PICKS List … Read more
South Africa’s former president, Jacob Zuma, has responded in combative style after he was slapped with an arrest warrant for failing to appear for a pre-trial hearing on corruption charges. A day after his lawyers said he was unable to attend the proceedings because he was ill, Zuma posted a tweet showing himself with a rifle, aiming through … Read more