Sentences with phrase «illegal funds counts»
According to U.S. law, any financial transaction of more than $ 10,000 involving illegal funds counts as money laundering.
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Lamido, his sons, Aminu and Mustapha, were re-arraigned alongside Aminu Abubakar, Batholomew Agoha and three companies on an amended 43 - count bordering on money laundering and illegal diversion of public funds.
Justice Okon Abang of the Federal High Court sitting in Abuja, on Wednesday, March 9, 2016 dismissed the «no - case» submission brought by the embattled National Publicity Secretary of the People's Democratic Party, PDP, Olisa Metuh, who is standing trial on a 7 - count charge bordering on illegal diversion of funds meant for the procurement of arms preferred against him by the Economic and Financial Crimes Commission, EFCC.
Ndam is the third witness the Economic and Financial Crimes Commission, EFCC, has brought to testify against the PDP spokesman, who alongside his firm, is answering to a seven - count criminal charge that borders on criminal breach of trust and illegal diversion of public funds to the tune of N400million.
In a seven - count indictment in Manhattan Federal Court yesterday, Goberdhan was charged with conspiracy to commit bank and wire fraud, and six counts of bank fraud, in which he made hundreds of thousands of dollars in illegal profits by working with corrupt officers of GuyAmerican Funding, a mortgage brokerage in Jamaica, Queens.