Justice James Omotosho adjourned the matter after taking the testimonies of two prosecution witnesses, identified as bank officials.
Browsing: Money laundering
The Economic and Financial Crimes Commission is prosecuting Kore Holdings Limited on a four -count amended charge.
The indictment was contained in a report made available on Wednesday to the House of Representatives Committee on Public Petition.
The Nigeria Police Force has confirmed the arrest and ongoing investigation of the former state government official.:00
The EFCC boss had in a speech he delivered at the opening of the 6th Annual Criminal Law Review Conference in Abuja, insisted that no mega financial fraud could be perfected without the input of lawyers.
The Commission’s spokesman, Dele Oyewale, said in a statement on Thursday in Abuja, that Nwokocha was arrested on Wednesday.
It said proceedings would continue despite the appeal filed by the defendant.
Mamman, whose plea was fixed for Thursday morning, collapsed outside the courtroom before the case was called.
Nwabuoku and his co-defendant, Felix Nweke are facing the 11-count money laundering charge preferred against them by the Economic and Financial Crime Commission.
Minister of Aviation and Aerospace Development, Festus Keyamo, levelled the accusation on Thursday in Abuja.
Delivering judgment, Justice Liman held that the prosecution failed to discharge the burden of proof placed on it by the provisions of the law.
Justice James Omotosho adjourned the matter for trial continuation after the EFCC’s witness, Olom Otane Egoro, an Access Bank staff, was cross-examined by the defence counsel.
The FIU made this disclosure in a statement on its website on Thursday.
Others arraigned alongside Echefu before Justice Inyang Ekwo of a Federal High Court, Abua include the Executive Director of TStv, Felix Igboanuga; TStv and Briechberg Investment Ltd as 2nd to 4th defendants respectively.
This followed the adoption of the report of the investigation of the ad-hoc committee set up by the House, led by Henry Zacharia.
Justice Folashade Ogunbanjo gave the date after counsel for the parties argued their case for and against.
Lanre Gbajabiamila, the Director-General of the National Lottery Regulatory Commission, has proposed the establishment of an Africa Gaming Regulators Association to address money laundering and terrorism financing in Africa.
This was part of recommendations adopted at the end of the weeklong 31st Meeting of Heads of National Drug Law Enforcement Agencies, Africa (HONLAF) in Abuja on Friday 29th September.
A former Delta State Governor James Ibori, is embroiled in a fresh legal tussle, as a United Kingdom (UK) South wark Crown Court is set to order the seizure of over 100 million pounds ($129 million) traced to him.
Justice Emeka Nwite, in a ruling, dismissed the preliminary objection raised by the AGF, challenging the Court’s jurisdiction to hear the case.