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    British police freeze $121m on bribery fears

    Chronicle EditorBy Chronicle EditorAugust 15, 2019No Comments2 Mins Read
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    Ozekhome says traducers spun ‘cocktail of lies’ around Diezani Alison-Madueke corruption cases in last 10 years
    Former Petroleum Minister, Diezani Alison-Madueke
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    Ex-Nigeria Petroleum Minister, Diezani Allison-Madueke is being investigated by the British police for money laundering to Britain
    Ex-Nigeria Petroleum Minister, Diezani Allison-Madueke is being investigated by the British police for money laundering to Britain

    British police have frozen eight bank accounts containing over 100 million pounds ($121 million), which is suspected to have derived from bribery and corruption overseas.

    The National Crime Agency (NCA) said on Wednesday a London court had approved the Account Freezing Orders (AFOs), the largest granted to date, and that police would recover the funds if investigators proved it had been intended for unlawful use.

    The NCA said it could not provide any details that could identify individuals related to the accounts.

    AFOs and Unexplained Wealth Orders, that allow police to freeze assets until property owners account for their wealth, are part of a toolbox introduced last year to help stem a tide of suspected corrupt cash washing through the country.

    READ: Philadelphia Shooting: Gunman surrender after police stand-off

    London has long attracted corrupt foreign money, especially from Russia, Nigeria, Pakistan, former Soviet states and Asia, and the NCA estimates that around 100 billion pounds of dirty money is moved through or into Britain each year.

    “The NCA is … seeking to … convince the NCA’s foreign counterparts that even if they cannot prosecute untouchable oligarchs at home, if they have assets here, these can be attacked,” said David Corker, a partner at law firm Corker Binning.

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    Gunboat mishap kills NYSC member, eight others in Delta

    Gunboat mishap kills NYSC member, eight others in Delta

    Bauchi: Flood kills four, destroys houses, farms worth millions

    Flood destroys 500 houses in Kogi

    'Rivers not your inheritance', Dele Momodu blasts Wike

    ‘Wike can not be trusted’, Momodu warns Tinubu

    Kaduna: ASUU begins indefinite strike over welfare concerns

    ASUU begins strike nationwide

    Fight breaks out as Jigawa delegates disrupt Atiku, Obi coalition meeting

    2027: Atiku will never be president – Bwala

    Peter Obi has ceded 2027 ambition to Atiku, now second fiddle –Bwala

    Peter Obi has ceded 2027 ambition to Atiku, now second fiddle –Bwala

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    Gunboat mishap kills NYSC member, eight others in Delta

    Gunboat mishap kills NYSC member, eight others in Delta

    July 8, 2025
    Bauchi: Flood kills four, destroys houses, farms worth millions

    Flood destroys 500 houses in Kogi

    July 8, 2025
    'Rivers not your inheritance', Dele Momodu blasts Wike

    ‘Wike can not be trusted’, Momodu warns Tinubu

    July 8, 2025
    Kaduna: ASUU begins indefinite strike over welfare concerns

    ASUU begins strike nationwide

    July 8, 2025
    Fight breaks out as Jigawa delegates disrupt Atiku, Obi coalition meeting

    2027: Atiku will never be president – Bwala

    July 8, 2025
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