EFCC Arraigns Lawyer For Alleged N38.8m Money Laundering

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The Economic and Financial Crimes Commission (EFCC) on Friday arraigned Folawunmi Awonusi, a legal practitioner, before Justice P. I. Ajoku of the Federal High Court sitting in Ibadan, Oyo State, for alleged money laundering.

Awonusi was arraigned on a two-count charge bordering on money laundering to the tune of N38 million.

The defendant was said to have allegedly made cash payments of the sum of money in tranches of N22.3 million and N16. 5 million respectively to one Olakanye Olalekan.

According to Idris Mohammed, the prosecuting counsel, the defendant made the cash payments without using a financial institution, and that the said sum exceeded the amount authorized by law.

Mohammed said the offence is contrary to Sections 1(a) and 16(d) of the Money Laundering Prohibition Act, 2011 (as amended) and punishable under Section (16)(2)(b) of the same Act.

The defendant pleaded “not guilty” to the charges.

Counsel to the defendant, M. Onaha, informed the court that application for bail had been filed and served on the prosecution.

He, therefore, urged the court to admit his client to bail.

Mohammed, however, opposed the bail application, which he said was served on him on January 9, 2019.

He further submitted that the prosecution was still within the time frame, as provided by the law, to file a counter-affidavit.

He, therefore, asked the court for a date to hear the bail application.

Justice Ajoku adjourned the matter to 16 January for hearing of the bail application, and 5 February for the commencement of trial.

The defendant was remanded in Agodi Prison pending the determination of his bail application.

 

CA

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