Tag Archives: scam

Bombshell: Warren Buffet scammed of huge amount in Germany.


Warren Buffett, world’s fourth wealthiest man has been swindled by a German manufacturing company of €643million.

This happened when the normally shrewd investor was made to pay four times more than he ought to have paid to buy Wilhelm Schulz, a family-run manufacturer of stainless steel based in Krefeld, western Germany.

According to the finding of a New York arbitration court, Buffett’s company, Precision Castparts Corp ought not to have paid more than €156m for the German firm.

It ordered Schulz to make up the difference of €643m.

After the ruling in the US, a state prosecutor in Düsseldorf is now investigating the pipe maker, under suspicion of severe fraud for forging documents and falsifying balance sheets.

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The forgery was done via Photoshopping of company orders and invoices, giving the notion that the company was doing very well.

In February 2017 a unit of Buffett’s Berkshire Hathaway Inc, Precision Castparts Corp paid €800m (£715m) to buy Wilhelm Schulz.

After an anonymous tip-off by a whistleblower in May the same year, however, the US holding company began to question whether key documents had been doctored to create the impression of a booming business.

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In reality, the company Buffett had just purchased was struggling and at risk of bankruptcy.

On 9 April a New York arbitration court ruled that the German company had systematically led investors astray in the run-up to the purchase and then tried to cover its tracks afterwards.

“This is not a close case,” the panel said in a 132-page ruling. “The evidence strongly points to fraud, and there is little in the record to suggest otherwise.”

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Internal documents cited by the German newspaper Handelsblatt suggest some of Wilhelm Schulz’s employees inflated the company’s Ebitda – earnings before interest, tax, depreciation and amortisation – by simply scanning in letterheads of third companies and Photoshopping them to create fake orders and invoices.

At least 47 business deals that had helped create the impression of a company on the up were completely fabricated, said Handelsblatt.


#Newsworthy…

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DMO: Nigerian govt turns N850bn Nuclear borrowing to Domestic, and other stories…

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>>> Donald Trump speak with Buhari, vow US total support to Nigeria in COVID-19 fight <<<


US President Donald Trump made the pledge to Nigeria President Muhammadu Buhari in a phone call on Tuesday, a presidential aide Bashir Ahmad disclosed.

“President Muhammadu Buhari had a phone conversation with the US President Donald Trump today, the two leaders discussed Nigeria’s efforts to defeat the COVID–19 Pandemic,” Ahmad tweeted.

“President Trump pledged US support and solidarity.”

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Disclosing details of the phone conversation, Nigeria’s information and culture minister Lai Mohammed said the US president promised send ventilators to Nigeria.

“President Buhari used the opportunity to brief the American President on the steps that Nigeria was taking to contain the spread of the disease,” Mohammed said.

“On his part, President Trump assured that the United States stands in solidarity with Nigeria in this difficult time and promised to send ventilators to support the country in its fight against the pandemic.”

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President Trump and Buhari are among majority of world leaders whose countries are fighting against the spread of coronavirus which has infected over two million people globally.

Nigeria currently has 1337 cases of of the virus with 255 discharged after recovery and 40 deaths.

The US, the epicenter of the global pandemic, has the highest death toll of over 57,000 and most confirmed cases of over one million coronavirus patients.

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>>> DMO – FG convert N850bn external loan borrowing to domestic <<<


The Debt Management Office (DMO) says the Federal Government has reappraised its Borrowing Plans and decided to raise the N850 billion earlier approved as External Borrowing from Domestic Sources.

The DMO made this known in a statement by its head of media, Mrs Chinenye Onu, in Abuja on Tuesday.

Onu explained that with the COVID-19 pandemic and its attendant effect on the world economy and the International Capital Market, the Federal Government felt it was more expedient to raise the N850 billion earlier approved as External Borrowing from Domestic Sources.

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She said this conversion from external to domestic was to ensure that the implementation of the 2020 Appropriation Act was not jeopardised by lack of funds.

“Thus, the N850 billion is not New or Incremental borrowing, rather it is an amendment of the source of borrowing from External to Domestic.

“For compliance with the law, His Excellency, President Muhammadu Buhari forwarded requests to the Senate and House of Representatives to convert the source for raising the N850 billion from External to Domestic.

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“The Senate approved the request on Tuesday, April 28, 2020, while the approval of the House of Representatives is expected.

“Upon approval of the request by the House of Representatives, the DMO will issue FGN Securities in the Domestic Market to raise the N850 billion, thereby providing high-quality investment opportunities for the investing public” she explained.

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>>> Scammers offering Fake Agric Loans – NDDC warns Nigerians <<<


The Niger Delta Development Commission (NDDC) has warned the public against activities of scammers offering non-existent agriculture cooperative loans in the name of the commission.

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Mr Charles Odili, NDDC Director of Corporate Affairs, said in a statement in Port Harcourt on Tuesday that the scammers had collected money from unsuspecting Nigerians to obtain ‘fake’ agric loans.

“NDDC is compelled to alert members of the public, especially those in Bayelsa and Rivers activities of scammers offering non-existent agric cooperative loans.

“We have received several reports from some victims in Bayelsa, who were deceived into believing that NDDC was currently running an agric loan scheme.

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“The victims were asked to pay N6,000 as processing fees for the agric cooperative loans,” he said.

Odili said the scammers told their victims that they were representatives of officials of the Agriculture and Fisheries Directorate of NDDC.

“The criminals, after deceiving members of the public, go to the length of demanding signed blank cheques from their victims.

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“The scammers must have taken advantage of the promise made by NDDC Managing Director, Prof. Kemebradikumo Pondei, to promote agriculture in the Niger Delta.

“It is unfortunate that while NDDC is still working out details of the agric programme, scammers have gone to town to dupe members of the public,” he added.

The spokesman called on individuals with genuine businesses with NDDC to always cross-check information from the commission’s website and other social media handles.

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He urged the public to be vigilant to activities of such criminals parading themselves as representatives of the commission’s managing director.

“We assure members of the public that relevant security agencies are already investigating activities of criminals behind the fake loan offers,” he said.

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>>> A/Ibom Cult Clash – 3 Wasted <<<


The police command in Akwa Ibom has confirmed the death of three persons in clashes between two rival cult groups in Oruk Anam Local Government Area of the state.

The Police Public Relations Officer in the state, CSP Nnudam Fredrick, confirmed the incident to newsmen in Uyo on Tuesday.

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Nundam said that the Divisional Police Officer (DPO) in Oruk Anum would ascertain the number of suspects arrested during the incident.

“The DPO of the area actually called me that there was a clash between two rival cult groups and that three persons were killed,” Fredrick said.

He said that the command had deployed the police personnel to the area to restore normalcy.

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“I have not heard of any incident today. But the police have been drafted to restore normalcy in the area. The police van has also been positioned in the area,” he said.

Earlier, an eyewitness, who pleaded anonymity, had said that no fewer than three persons were killed in a cult clash at Inen community in Oruk Anam.

He said that one of the victims was allegedly killed on Monday by a five-man gang and his body dismembered near the Community Primary School at Inen, Ikot Etim.

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The source said that the victim was lynched in Odoro Ikot, a boundary village between Ukanafun and Oruk Anam council areas.

“Another victim was murdered in Inen Ikot Obio Idang, where houses were looted, with residents scampering for safety,” he said.

The source further said that the third victim was murdered near the Community Primary School, Ikot Etim.

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He said that the gang members descended on the victim, inflicting several cuts on him until he slumped and died.

“They just swooped on the young man and started inflicting cuts, which dismembered his body before he started bleeding and eventually died,” the source said.


#Newsworthy…

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Beware of fraudsters – Police warns Job seekers


The Police Service Commission (PSC) has cautioned Nigerian job seekers against falling prey to conmen out to extort them by promising to assist in job placements.

The commission’s Head, Press and Public Relations, Ikechukwu Ani gave the warning Wednesday as he debunked reports that it is carrying out recruitment of cadet assistant superintendents and cadet inspectors.


He said the report was embarrassing to the chairman of the commission, Musiliu Smith.

“The Commission notes that it is in possession of messages and requests to notable Nigerians informing them of a phantom recruitment exercise and asking them to send three names for recruitment. The messages were purported to have originated from the Honourable Chairman of the Commission, Musiliu Smith, a retired Inspector General of Police.


“The fraudsters according to information in the Commission’s possession, are requesting from their contacts, payments to some account names and numbers of different Nigerian banks.

“The Commission is deeply embarrassed that fraudsters associate the name of the Commission’s Chairman with this fraudulent disposition.

“It is also instructive to note that recruitment in the Commission is handled by the Commission as a body and not by individuals. The Chairman only chairs the meetings where decisions of the Commission, including that of recruitment, are taken.

“The Commission warns that Nigerians should beware of these fraudsters who are on the prowl to dupe unsuspecting citizens,” Ani said.


#Newsworthy…

(Photos) Mother and son jailed over internet fraud in Lagos ..


A suspected internet fraudster, Damilola Ahmed Adeyeri and his mother, Alaba Kareem Adeyeri, have been convicted on a four-count charge of conspiracy and obtaining money under false pretence to the tune of $82, 570, about N29.9million.

PM news reports that Justice Chukwujekwu Aneke of the Federal High Court, Ikoyi, Lagos, convicted the woman and her son and sentenced them to three years each in a correctional centre.


The judge found them guilty on all counts. But the sentences for each count would run concurrently. Justice Aneke further ordered that all the properties and monies recovered from the convicts be forfeited to the Federal Government and upon applications by the victims, restitution be made to them.

The convicts were arrested following a petition from the US Federal Bureau of Investigation(FBI) against Damilola Adeyeri and others now at large on an alleged case of conspiracy, obtaining under false pretence, money laundering and computer-related fraud.

Armed with the petition, the operatives of the Commission immediately swung into action and upon investigations found out that his mother was an accomplice in the crime.

Idi Musa, an investigator with the EFCC, while being led in evidence narrated to the court that sometime in April 2019, that the Commission received a petition from the FBI, alleging that the official email address of American Cranes Manufacturing company was hacked and as a result the sum of $82, 570. 00 was stolen by the fraudsters. He told the court that the petitioner reported that there was a syndicate of fraudsters who defrauded many companies through business email compromise and obtained millions of dollars from American citizens.


Idi further revealed that Damilola was arrested on September 6, 2019, after which his mother was apprehended when she went to withdraw money from the bank upon hearing that EFCC was investigating her son. He said Damilola’s mother bought properties in the name of her son with the money made from the fraud.

He also told the court that the sums stolen by the convicts were used to acquire properties in choice areas of Lagos, and some cash were found in their accounts.


One of the count reads:

“that you, Damilola Ahmed Adeyeri, Alaba Kareem Adeyeri and Karen Russell (still at large) sometime on the 21st day of June 2017, in Lagos within the jurisdiction of the court conspired to fraudulently impersonate the Chief Executive Officer (CEO) of American Cranes Manufacturing Company with intent to gain monetary advantage in the sum of $82, 570. 00 (Eighty Two Thousand Five Hundred and Seventy US Dollars) and thereby committed an offence contrary to Section 27 (1) (b) and 22 (3) of the Cyber Crime (Prohibition Prevention etc) ACT, 2015 and punishable under Section 22 (1) of the same Act.”

Another count reads:

“That you Damilola Ahmed Adeyeri, Alaba Kareem Adeyeri and Karen Russell (still at large), sometime on the 19th day of July 2017, in Lagos, within the jurisdiction of this court dishonestly represented yourself as the Chief Executive Officer (CEO) of American Cranes Manufacturing Company thereafter you sent an email from personal@managements-securemail-office-portal.online with intent to gain advantage to yourselves and you thereby committed an offence contrary to Section 27 (1) (a) and 22 (3) of the Cyber Crime (Prohibition Prevention etc) ACT, 2015 and punishable under Section 22 (1) of the same Act”.

After the charges were read to the convicts, they pleaded guilty to the four-count charge of conspiracy and obtaining money under false pretences.


#Newsworthy…

Malabu oil scam: Adoke plead innocent


A High Court of the Federal Capital Territory (FCT) sitting in Gwagwalada, Abuja, on Thursday ordered the remand of a former Attorney-General of the Federation and Minister of Justice, Mr. Mohammed Adoke (SAN), and two of his co-defendants in the custody of the Economic and Financial Crimes Commission (EFCC) over their alleged involvement in the Malabu Oil scam.

Justice Idris Kutigi, made the remand order after all the defendants entered a plea of not guilty to the 42- count charges preferred against them by the EFCC.


The judge further adjourned the trial to Monday when the separate bail applications filed by the defendants would be heard.

Although, Justice Kutigi, had initially indicated intention to order the remand of the defendants in prison, he later changed his mind and asked EFCC to take keep them in their custody.


This was moreso that the prosecution counsel, Bala Sanga, who had initially urged the court to remand them in prison custody, succumbed to the pleas by the defence lawyers that the commision should hold their clients pending the hearing of their bail applications.

Meanwhile, Adoke was arrested by the EFCC on his return to Nigeria from a four-year exile on December 19, 2019.

Former Attorney-General of the Federation and Minister of Justice, Mr. Mohammed Adoke (SAN)


He has since been in the detention of the EFCC and was produced in court from their on Thursday.

The seven defendants, four of whom are corporate organisations, pleaded not guilty to the 42 counts instituted against them by the EFCC.


#Newsworthy…

Malabu oil fraud: Moh’d Adoke arrive court


The immediate past Attorney General of the Federation and Minister of Justice, Mohammed Adoke (SAN) will this afternoon be arraigned on fraud charges by the Economic and Financial Crimes Commission (EFCC).

Already, Adoke has been brought to the Gwagwalada division of the High Court of the Federal Capital Territory (FCT) Abuja, for his arraignment before Justice Idris Kutigi.


Dressed in a white caftan with a cap to match, Adoke who was clutching a walking stick appeared pale as he stepped out of the bus that conveyed him to court.

While in the courtroom, the former AGF exchanged pleasantries with some senior lawyers in court, including Wole Olanikpekun (SAN), Chief Mike Ozekhome (SAN), Solomon Umoh (SAN); Olalekan Ojo (SAN), Paul Erokoro (SAN) and A.U. Mustapha (SAN).


#Newsworthy…

$200 fraud: Suspect agreed to accusation


A 21-year-old Internet fraudster, Arowolo Ariremako, has admitted to defrauding an American of the sum of $200.

Ariremako, who appeared before a Federal High Court in Osogbo, Osun State, on Tuesday, pleaded guilty to the offences bordering on fraud preferred against him by the Economic and Financial Crimes Commission.


The EFCC prosecutor, Oluwatoyin Owodunni, explained that Ariremako defrauded an American, identified simply as Gray.

The defendant was said to have obtained the sum of $200 from the American.


According to the prosecutor, the defendant opened a fake email account and posed as a woman to defraud his victim.

The counsel for the defendant, Abayomi Alawode, urged the court to be lenient with his client, saying Ariremako could still be useful to the nation.

Justice Peter Lifu found Ariremako guilty of fraud.

He, however, adjourned the matter to January 31, 2020, for sentencing.


#Newsworthy…

Mompha defraud people with his illegal Bureau de change – EFCC


The Economic and Financial Crimes Commission has said that social media celebrity, Ismaila Mustapha, better known as Mompha, ran an illegal bureau de change, which he used to defraud people.

Tony Orilade, spokesperson for the EFCC, disclosed this in a statement on Wednesday.


The anti-graft agency said the fourth prosecution witness, Enu Matthew Obun, on Wednesday, January 15, 2020, told a Federal High Court, Ikoyi, Lagos, presided over by Justice Abdullahi Liman, that the suspected Internet fraudster ran an illegal bureau de change with his company Ismalob Global Investments Limited.

EFCC is prosecuting Mompha alongside the company on a 14-count charge bordering on cyberfraud and money laundering to the tune of N33bn.


Mompha, who is the first defendant in the matter, is alleged to have used the company to launder funds, part of which he used to acquire properties in Dubai, United Arab Emirates.

Led in evidence by prosecution counsel, Rotimi Oyedepo, the witness, a compliance officer with the Special Control Unit Against Money Laundering of the EFCC, told the court that on November 15, 2019, the commission requested from SCUML the regulation and compliance status of the company and that “upon inspection, it was discovered that Ismalob is not registered with the SCUML.”

Ismaila Mustapha (MOMPHA)


He further stated that “From the database search in the office, there is no information on Ismalob Global Investment Limited and all the transactions that were done in the company’s account between December 14, 2015 and January 25, 2018 are not on SCUML’s record.”

Justice Liman adjourned the matter until February 26, 2020 for continuation of trial.


#Newsworthy..

Lagos: Fake Valuables recovered from fraudster, Mark living in Banana island.


A suspected fraudster identified as Mark Obisesan has been arrested by the Economic and Financial Crimes Commission for being in possession of suspected fake traveller’s cheque worth $10,100.

A Ferrari 488 car, two i-phones, one Samsung phone, a laptop and ATM cards were recovered from the suspect who served a 12-month jail term for Internet fraud in the United Kingdom.


Obisesan who was accused of not having any known source of livelihood by the anti-graft agency, was arrested at his residence in Banana Island, Lagos.

The suspect has however been granted provisional bail. See his bail conditions below;

Fake $10,100, Ferrari, phones recovered from UK jailed alleged fraudster living in Banana Island, Ikoyi


#Newsworthy…

Breaking: Arts & Culture DG, Runsewe indicted in multi million naira scam.


Olusegun Runsewe, the Director-General of the National Council for Arts and Culture who made headlines earlier this year following his faceoff with cross-dresser Bobrisky, has been allegedly indicted in a multi-million naira scam in a report released by the office of the Auditor-General of the Federation.

One of the irregularities cited in the report from the office of the Auditor-General of the Federation include failing to explain why he spent N5.6 million in buying a car just after he resumed office in 2017, without certification from the agency’s transport officer and auditor.

The audit report which revealed there might be a possible occurrence of waste and diversion of funds to personal use, added that there are no supporting documents attached to the payment voucher such as receipts, invoices, SRV, SIV, the company’s request letter for payment and minutes of the Tenders’ Board meeting.


Contract awards and payments made by the agency were also found to have irregularities. It was gathered that there was no payment voucher for N44.3 million paid directly to a contractor for the construction of National Research Centre in Durban Tradition, Kaduna on May 2, 2017. A full payment was made to the contractor before the job began and it was learnt the contract award letter was not signed by the DG and there was also no proof of approval from the Council’s Tenders Board since the sum was above the approval limit of the DG.

The audit report also alleged that N1 million and another N1.8million paid as 2.55 per cent and 5 per cent for preliminary and consultancy fees respectively could not be accounted for.


Before Runsewe assumed office in 2016, the Council also paid a servicing company more than N36 million for the 29th edition of the National Festival of Arts and Culture (NAFEST), including staff’s Duty Tour Allowance. Minutes of the meeting of the Tenders’ Board was not signed by any members and the payment schedule and duration of the payment were not stated.

It was also alleged that the contract might not exist as the Withholding Tax (WHT) and Value Added Tax (VAT) were not paid on the contract. Mr Runsewe was directed to recover the N44.3 million and N36 million, after which he is expected to forward evidence of their recoveries to the office of the auditor general for confirmation.


The agency also could not account for N22.5 million it claimed to have spent on store items, programmes, workshops, repairs and other items. The N2.3 million which should be WHT and VAT, was reportedly not deducted from the payments.

Mr Runsewe was asked to refund the N22.5 million to the treasury and forward evidence of the refund to Mr Anyine’s office for verification.

Olusegun Runsewe, the Director-General of the National Council for Arts and Culture


NobleReporters learnt that the Auditor-General, Anthony Ayine called for Mr Runsewe to be sanctioned in line with section 3129 of the Financial Regulation which states;

“Any officer who violates any other provision for which no sanction is specifically recommended, shall be taken to have committed gross misconduct and shall be disciplined accordingly.”


#Newsworthy…

2 sisters burnt in their burning shop set by lover of one. (Reasons)


Two sisters were left with serious burns after their shop was set ablaze by a police officer one of them was in a relationship with.

27-year-old Phanice Nyabaro and 17-year-old Ruth Nyabaro who are now in a stable condition after being rushed to Rift Valley Provincial General Hospital, were admitted with difficulties in breathing.


According to the hospital’s head of clinician services, Joseph Keriyo, Phanice sustained 18 per cent burns while Ruth Nyabaro sustained eight per cent burns after the incident over the weekend.

He said;

“The patients were … resuscitated, their wounds dressed and they were given fluids to stabilise their condition.”

Two sisters left with burns after their shop was set ablaze by jilted police lover

Recalling how the incident occurred, Ruth said her sister who ended her relationship with Saka Achimba, a police officer attached to the Critical Infrastructure Protection Unit, was threatened several times.

It was gathered that Achimba first visited the shop by 6:30pm on the day of the incident and reportedly returned with a jerrycan of petrol by 8pm after Phanice turned down his overtures. He allegedly shut the shop’s doors behind him and doused the sisters with petrol before setting them on fire.


Nakuru Town East Deputy Commander, Phanton Analo confirmed the incident and also disclosed that Achimba is being held at Nakuru’s central police station.

He said;

“A probe was launched when the crime was reported. The officer is being interrogated.”


#Newsworthy…

Christ embassy accused of N827m fraud.

Britain’s Charity Commission has indicted the Board of Trustees of Christ Embassy in the United Kingdom over fraudulent practices including illegally paying more than N827 million (£1,767,250) to organisations it shares close relationships with.

The indictment came after a five-year investigation of the UK branch of the church which was founded in 1996 by Pastor Chris Oyakhilome and has over 90 worship centres across the UK.

In 2014, the Charity Commission, which regulates charities in England and Wales, announced it was opening a statutory inquiry to investigate Christ Embassy over “a number of serious concerns relating to the use of charitable funds, in particular, large connected party payments and the potential misapplication of grant funding.”

The outcome of the inquiry was published in details by the Commission on its website last month and it showed how the church’s board of trustees grossly mismanaged the church’s account and failed to comply with its grant-making policy.

Media contacted Pastor Arinze Emmanuels, the head of the legal department through a text message to respond to the report but at press time, there was no response.

During the inquiry, the Charity Commission discovered that the church illegally registered three properties in the names of two members of its board of trustees, failed to pay taxes worth over £250,000 on expenditures by employees, failed to secure adequate insurance, and violated Britain’s town planning and building regulations.

The investigation identified nine active bank accounts, which the church’s board of trustees claimed was holding funds belonging to Christ Embassy Nigeria, a separate entity from Christ Embassy UK. However, there was no evidence that the banks holding the funds were aware they were holding funds belonging to Christ Embassy Nigeria.

The report stated that the accounts were not named in a sure way to indicate that the funds were controlled from Nigeria. In fact, two of the nine active accounts were named “Christ Embassy East London”. Thus, the inquiry placed a freezing order on the funds (£615,420.00) in the account.

“The inquiry, not being satisfied that the funds held in these accounts were owned by Christ Embassy Nigeria, exercised legal powers and issued orders dated 8 august 2014, under section 76(3)(d) of the Act, freezing six of these nine bank accounts, protecting funds to a value of £615,420.

“In the absence of clear evidence to support the trustees’ position, the Inquiry concluded that funds held in the accounts belonged to the charity and these accounts remained frozen until the order was revoked on 24 August 2016. The Inquiry being satisfied that the new board of trustees had assumed control of the charity’s property discharged the freezing order on 24 August 2016.”

After going through the records and books of the church for a year and interviewing members of the church’s board of trustees, the commission sidelined the board and appointed Rod Weston of the international audit and accounting firm, Mazar, as interim manager (IM) to take over the management of the church in what it described as “temporary and protective measure.”

The interim manager stated in the report that the scope of the inquiry was to examine the church’s transactions with “partner organisations” including “grants made to a number of unidentified entities and Loveworld Television Ministry, Healing School, International School of Ministry, Christ Embassy France, Christ Embassy Canada, IPCC Conference and Rhapsody of Realities.

“The Inquiry concluded that there was serious misconduct and/or mismanagement in the charity’s administration. The former trustees, at the relevant times had not complied with or fulfilled their duties as trustees under charity law. They failed to: exercise reasonable care and skill in the execution of their roles and as a result exposed the charity to risk and financial loss; ensure sufficient financial controls and procedures to protect the charity’s property file their annual accounting information, in accordance with their statutory obligations, on time.

#Newsworthy…

Young boy of 19 arrested for theft and fraud.

A young boy has been arrested for stealing the identities of 75 people and swiping $1 million in cryptocurrency.

19- year-old Yousef Selassie used a sophisticated SIM-swapping scheme to take over the phones of people in 20 different states between Jan. 20 and May 19, 2019, according to the Manhattan District Attorney’s Office.

He allegedly transferred his victims’ phone numbers to his own iPhones, enabling him to reset their passwords and gain access to their Gmail, cryptocurrency and other accounts.

The stolen $1 million came from just two victims, authorities said. Selassie was arrested in Corona, California, and extradited to New York.

He was arraigned this week in Manhattan Supreme Court, where he pleaded not guilty to 87 counts of grand larceny, identity theft, and other charges.

Justice Mark Dwyer ordered him to surrender his passport and check in weekly with a supervised release program. But the judge did not set bail.

Authorities executed search warrants on Selassie’s Brooklyn and California residences, where they seized half a dozen iPhones, two Rolex watches, a monogrammed Gucci wallet and numerous pieces of high-end jewelry, according to court papers.

#Newsworthy…

Court order EFCC to remand former minister, Adoke for 14 days.

A High Court of the Federal Capital Territory (FCT), in Maitama, Abuja has granted the request by the Economic and Financial Crimes Commission (EFCC) to remand former Minister of Justice and Attorney General of the Federation (AGF), Mohamed Adoke for 14 days pending investigation.

Justice Othman Musa, who is the court’s sitting vacation judge granted an ex-parte motion moved this morning by EFCC’s lawyer, Fatima Mustapha to that effect.

“Application to remand the suspect in EFCC custody for 14 days pending investigation is granted,” the judge said

#Newsworthy…