• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Saturday, June 28, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Money Laundering: ICPC Arrests Supreme Court Contractor 

by Ejike Ejike
3 years ago
in News
Money Laundering
Share on WhatsAppShare on FacebookShare on XTelegram

The Independent Corrupt Practices and other related offences Commission (ICPC) has arrested a Supreme Court contractor, Temitope Banjoko, over allegations of money laundering and contract scam.

Advertisement

The ICPC sources, who confirmed the arrest and detention of Banjoko, the managing director of Asbat Construction Limited, to LEADERSHIP via phone, said the construction company was allegedly awarded a contract worth N46,305,000 (N41,674,500 after tax deductions) for the demolition and evacuation of debris of four houses at the Justices’ residences in Maitama, Abuja, in 2017.

However, the sources said the contract was not executed but the full sum was disbursed to Asbat Construction Limited, which led to ICPC investigation.

The sources also confirmed that during interrogation and in his statement, the contractor claimed to have utilised the money for something else and expressed regrets that some funds he was expecting were not forthcoming, which is against the law.

ICPC Arraigns Abba Kyari Impersonator Over N4.5m Job Scam

RELATED

Police Arraign 19-yr-old Over Suicide Attempt On Billboard In Kano

Police Arraign 19-yr-old Over Suicide Attempt On Billboard In Kano

5 hours ago
Who Is Dr Olayemi Cardoso?

Reps Give CBN 2-week Ultimatum To Remit N3.64trn To Federal Gov’t

7 hours ago

However, the owner of the company, Banjoko was said to have made a commitment to repay the money after the ICPC began probing the matter, but out of the contract sum, the contractor had only been able to repay the sum of N5million, leaving a net balance of N36,674,500.

The sources said investigations carried out by the ICPC revealed that some of the houses earmarked for demolition have been renovated and are now occupied by new judges. This indicates that the houses were not intended to be demolished but to take money out of the system.

The ICPC is also expected to charge the contractor to court in the coming days.


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel

BREAKING NEWS: Nigerians can now earn US Dollars from the comfort of their homes with Ultra-Premium domains, acquire them for as low as $1700 and profit as much as $25,000. Click here to learn how you can earn US Dollars consistently.


Tags: ICPC
SendShareTweetShare
Previous Post

Transfer Window: Chelsea Women Confirm Signing Svitkova

Next Post

Gov Bello Reappoints Fanwo, 2 Others As Commissioners

Ejike Ejike

Ejike Ejike

You May Like

Police Arraign 19-yr-old Over Suicide Attempt On Billboard In Kano
News

Police Arraign 19-yr-old Over Suicide Attempt On Billboard In Kano

2025/06/27
Who Is Dr Olayemi Cardoso?
Business

Reps Give CBN 2-week Ultimatum To Remit N3.64trn To Federal Gov’t

2025/06/27
PICTORIAL: 1 Killed, Others Injured As Truck Rams Into Taraba Market
News

Rivers Peace Deal: ‘Fubara Should Be Wary Of Wike, Storm Always Returns’, Deji Adeyanju Warns

2025/06/27
Financial Expert Rallies Stakeholders Against Corporate Fraud
Business

Financial Expert Rallies Stakeholders Against Corporate Fraud

2025/06/27
PICTORIAL: 1 Killed, Others Injured As Truck Rams Into Taraba Market
News

PICTORIAL: 1 Killed, Others Injured As Truck Rams Into Taraba Market

2025/06/27
Babatunde Hails Elder Statesman Abegunde On 70th Birthday, Installation As Asiwaju Of Akure
News

Babatunde Hails Elder Statesman Abegunde On 70th Birthday, Installation As Asiwaju Of Akure

2025/06/27
Leadership Conference advertisement

LATEST

APC Confirms Ganduje’s Resignation As Party’s National Chairman

VP Shettima’s Ally Dalori Emerges New APC National Chairman

Police Arraign 19-yr-old Over Suicide Attempt On Billboard In Kano

Reps Give CBN 2-week Ultimatum To Remit N3.64trn To Federal Gov’t

Sudan: Power Struggles Intensify Ahead Of Al-Tayeb Gov’t Announcement

Rivers Peace Deal: ‘Fubara Should Be Wary Of Wike, Storm Always Returns’, Deji Adeyanju Warns

Financial Expert Rallies Stakeholders Against Corporate Fraud

PICTORIAL: 1 Killed, Others Injured As Truck Rams Into Taraba Market

Babatunde Hails Elder Statesman Abegunde On 70th Birthday, Installation As Asiwaju Of Akure

Uplift Our Forebears’ Culture, Traditions, Olowu Urges Yoruba Monarchs

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.