Two Men In Ikeja Court Over Alleged Laundering Of N999m
LAGOS MARCH 24TH (NEWSRANGERS)-The Economic and Financial Crimes Commission, EFCC, has arraigned two men, Taiwo Oluwadahunsola and Adebola Adetayo, before an Ikeja Special Offences Court for allegedly laundering the sum of N999 million.
A company, Green Eagles Agribusiness Solution Limited, was also arraigned alongside the defendants on a 19-count charge, bordering on money laundering, conspiracy to steal, stealing and offences related to dishonoured cheques.
The defendants pleaded not guilty to the charges preferred against them.
EFCC Counsel, Mrs Bilikisu Buhari, prayed the court for a trial date to enable the prosecution to prove its case against the defendants, following their not-guilty plea.
The Defence Counsel, Mr Williams Ugwu, however, informed the court of a bail application for the defendants.
Ugwu moved the application and prayed to the court to grant the defendants bail on liberal terms.
The Judge, Justice Olubumni Abike-Fadipe, granted the defendants bail for fifty million nairas, with two sureties in like sum.
Justice Abike-Fadipe ordered that the defendants be remanded in Ikoyi Correctional Centre, pending the perfection of the bail conditions.
According to the charge information, the defendants allegedly stole N946 million, property of Volition Capital Investment Staff Eti-Osa Cooperative Multipurpose Society Limited.
In another count, the defendants were said to have concealed the true origin of N38 million through an account, Konate Agro Limited, the sum he was said to have derived from an illegal act through fraudulent conversion.
The judge adjourned the case till July 6 for trial.
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Posted by News Rangers
on Mar 24 2023. Filed under National.
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