Nigeria obtains asset seizure in Canada of fancy US$57 million Bombardier jet said to be owed by PEP and well-known convicted money launderer

The government of Nigeria obtained an asset seizure order in a Quebec Court to restrain a jet made by Bombardier, a Canadian airplane manufacturer that makes luxury jets for the elite of the world. The application in furtherance of the asset seizure was for a politically exposed person (“PEP“) from Nigeria, a former government official […]

Co-founder of infrastructure fund allegedly under investigation for money laundering

Kola Aluko, a Nigerian energy mogul, is allegedly under investigation for money laundering in Nigeria. Among other things, Aluko is one of the founders of Made in Africa (MiAF), a foundation for infrastructure projects across Africa which, in 2013, joined the African Development to launch the Africa50 Fund on NASDAQ, Africa’s largest infrastructure investment vehicle. It seems […]