Saturday, April 18, 2026
  • Login
No Result
View All Result
The Business Times
  • News
  • BT Exclusive
  • Economy
  • Business
  • Financial Markets
  • Politics
  • Energy
  • Insights
  • Sports
  • News
  • BT Exclusive
  • Economy
  • Business
  • Financial Markets
  • Politics
  • Energy
  • Insights
  • Sports
No Result
View All Result
The Business Times
No Result
View All Result
Home News

ICPC Arraigns El-Rufai Over Alleged Money Laundering Charges

byDare Iretomide
March 24, 2026
in News
0
ICPC Arraigns El-Rufai Over Alleged Money Laundering Charges
7
VIEWS
Share on FacebookShare on Twitter

The Independent Corrupt Practices and Other Related Offences Commission has arraigned former Kaduna State governor Nasir Ahmad El-Rufai before a Federal High Court in Kaduna over allegations of money laundering involving N579 million and $320,800.

El-Rufai was brought to court under heavy security on Tuesday morning, with proceedings commencing shortly after his arrival. The charges against him center on allegations of financial misconduct, including the unlawful receipt of funds significantly exceeding his legally approved severance benefits.

According to prosecutors, the former governor allegedly received two separate payments of N289.8 million each in September 2020 and January 2023 as severance allowances, bringing the total to about N579 million, far above the legally permitted amount of roughly N20 million.

The prosecution further alleges that El-Rufai knowingly accepted funds suspected to be proceeds of unlawful activities, in violation of the Money Laundering (Prevention and Prohibition) Act, 2022. Additional counts claim he received multiple foreign currency inflows into his domiciliary account with Guaranty Trust Bank from various individuals, raising concerns about possible illicit transfers and concealment of funds. The arraignment is part of a broader investigation into alleged financial crimes and abuse of office during his tenure as governor.

The case follows a series of legal actions involving multiple security agencies. Earlier, the Department of State Services filed charges against El-Rufai over alleged unlawful interception of communications linked to the Office of the National Security Adviser. He was subsequently invited by the Economic and Financial Crimes Commission, detained after honoring the invitation on February 16, and granted bail two days later.

Shortly after his release, he was taken into custody by the ICPC, signaling continued legal scrutiny across agencies. Proceedings in the case are ongoing at the Federal High Court in Kaduna.

Tags: FeaturedFederal High Courtformer Kaduna State governorICPCMoney LaunderingNasir Ahmad El-Rufai
Dare Iretomide

Dare Iretomide

Next Post
Lagos/Calabar: Mining Informal Sector Stifles Export Growth

Lagos/Calabar: Mining Informal Sector Stifles Export Growth

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Nigeria’s Stock Market Surpasses ₦106 Trillion as Gains Continue

Nigeria’s Stock Market Surpasses ₦106 Trillion as Gains Continue

3 months ago
Dangote Refinery Misses November Petrol Target, Forcing Nigeria to Rely on Imports

Dangote Refinery to Supply Up to 65 Million Litres of Petrol Daily

2 months ago

Popular News

  • Kwairanga Calls for Balanced Digital Assets Adoption Framework

    0 shares
    Share 0 Tweet 0
  • Lagos Food Bank Campaign Highlights Urgent Hunger Crisis

    0 shares
    Share 0 Tweet 0
  • JAMB UTME Success Signals Human Capital Development Stability

    0 shares
    Share 0 Tweet 0
  • CAC Closes Portal Briefly To Address Cyber Risks

    0 shares
    Share 0 Tweet 0
  • YABATECH Drives Innovation Through Animation And Creative Skills

    0 shares
    Share 0 Tweet 0

Connect with us

Facebook Twitter Instagram TikTok

Newsletter

Pages

  • About Page
  • Contact
  • Privacy Policy
  • Terms & Conditions

Navigation

  • News
  • BT Exclusive
  • Economy
  • Business
  • Financial Markets
  • Politics
  • Energy
  • Insights
  • Sports

© 2025 The Business Times NG .

Welcome Back!

OR

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
  • BT Exclusive
  • Economy
  • Business
  • Financial Markets
  • Politics
  • Energy
  • Insights
  • Sports

© 2025 The Business Times NG .