• About Us
  • Advertise
  • Contact Us
  • Privacy Policy
Thursday, July 17, 2025
NewsOnline Nigeria
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Sports
No Result
View All Result
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Sports
No Result
View All Result
NewsOnline Nigeria
No Result
View All Result
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Sports
Home Crime Watch

ICPC Charges El-Rufai’s Former Chief Of Staff With Two Counts Of Money Laundering

Saidu allegedly accepted the cash in violation of Section 2(a) of the Money Laundering (Prevention and Prohibition) Act, 2022, which prohibits unauthorized large cash transactions.

by NewsOnline Nigeria
January 7, 2025
in Crime Watch, Top Stories
0
ICPC

ICPC has charged El-Rufai’s Former Chief Of Staff with two counts of money laundering.

 

NewsOnline Nigeria reports that the Independent Corrupt Practices and Other Related Offences Commission (ICPC) has charged Muhammad Bashir Saidu, former Chief of Staff to ex-Kaduna State Governor Malam Nasir El-Rufai, with money laundering at the Federal High Court in Kaduna.

 

Saidu, who also held the position of Kaduna State Commissioner of Finance, is accused of receiving a cash payment of ₦155,000,000 from a public officer in the Ministry of Finance, Ibrahim Muktar, exceeding the legally permitted cash transaction limit.

 

ALSO: Solomon Dalung Raises Alarm Over Deadly Cabals Surrounding President Tinubu

 

The ICPC alleges the transaction occurred in March 2022, facilitated through Saidu’s Special Assistant, Muazu Abdu.

 

The charge, identified as FHC/KD/IC/2025, comprises two counts of money laundering.

 

According to the court documents, Saidu allegedly accepted the cash in violation of Section 2(a) of the Money Laundering (Prevention and Prohibition) Act, 2022, which prohibits unauthorized large cash transactions.

 

The ICPC further alleges that Saidu indirectly controlled the funds, knowing or having reason to know that the money was linked to corrupt practices.

 

This act contravenes Section 18(2)(d) of the same Act and carries penalties under Section 18(3), which stipulates imprisonment of 4 to 14 years, a fine of no less than five times the value of the laundered amount, or both.

 

Assistant Chief Legal Officer of the ICPC, Osuobeni Ekoi Akponimisingha, filed the charges on January 7, 2025.

 

Additionally, Saidu is under investigation for allegedly laundering ₦3.96 billion and misappropriating ₦244 million during his tenure in the Kaduna State government.

 

The Kaduna State House of Assembly previously indicted the El-Rufai administration, accusing it of mismanaging over ₦423 billion in state funds.

Previous Post

Solomon Dalung Raises Alarm Over Deadly Cabals Surrounding President Tinubu

Next Post

BREAKING: Governor Okpebholo Makes Six Crucial Appointments (FULL LIST)

Next Post
Governor Okpebholo

BREAKING: Governor Okpebholo Makes Six Crucial Appointments (FULL LIST)

Trending Stories

Bayo Onanuga

President Tinubu’s Aide, Bayo Onanuga Under Fire Over Comments Against Late Buhari

ICPC

ICPC Charges El-Rufai’s Former Chief Of Staff With Two Counts Of Money Laundering

CAC

BREAKING: CAC Exposes Fake Firms Using Forged Incorporation Certificates (FULL LIST)

Naira

Dollar To Naira Black Market Exchange Rate Today, 16 July 2025

Peter Obi

Peter Obi Explains Absence at Buhari’s Burial, Visits Family in Daura

Abdulsalami Abubakar

BREAKING: Abdulsalami Abubakar Reportedly In Critical Condition In London

Former President Mummadu Buhari

Live Updates From Former President Mummadu Buhari’s State Burial In Daura (LIVE VIDEO)

Governor Ademola Adeleke

BREAKING: Governor Ademola Adeleke Reportedly Begging To Join APC In Osun

2027 Elections

Buhari’s Death Marks Turning Point for APC Ahead of 2027 Elections

Governor Seyi Makinde

Governor Seyi Makinde Speaks On Atiku’s Exit From PDP Ahead of 2027 Elections

Latest Stories

Governor Seyi Makinde

Governor Seyi Makinde Speaks On Atiku’s Exit From PDP Ahead of 2027 Elections

John Odigie-Oyegun

Former APC National Chairman, John Odigie-Oyegun Officially Joins ADC

Governor Ademola Adeleke

BREAKING: Governor Ademola Adeleke Reportedly Begging To Join APC In Osun

Big Brother Naija

Big Brother Naija Set to Launch Milestone 10th Season with ₦150 Million Grand Prize

UBA’s AI Chatbot LEO

UBA’s AI Chatbot LEO Becomes First in Africa to Enable Cross-Border Payments

GTCO

GTCO Emerges First Listed Financial Institution on NGX to Cross N100 Per Share

President Tinubu

BREAKING: President Tinubu Summons Special FEC Session To Honour Buhari

FirstBank

FirstBank Deepens Partnership with UN Global Compact to Advance Sustainable Finance and Catalyze Development Capital

Atiku

APC Knocks Atiku Over PDP Resignation, Says Move Won’t Disrupt Party’s 2027 Dominance

Peter Obi

Peter Obi Reveals Last Conversation With Late Former President Buhari

NEWSONLINE NIGERIA

Get the Latest Naija News, Breaking News, Top Stories, World News, Business, Politics & Entertainment from NewsOnline Nigeria.

RELEVANT PAGES

  • About Us
  • Advertise
  • Contact Us
  • Privacy Policy

ALERT US

Important Press Releases, Special Investigations: admin@newsonlineng.com

OFFICE ADDRESS

13 Poland Street, London, United Kingdom (UK)

Copyright © 2025 NewsOnline Nigeria

No Result
View All Result
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Sports

Copyright © 2023 Newsonline Nigeria