Browsing: Money laundering

The trial of Akinola Ogunlewe, who is being prosecuted by the Economic and Financial Crimes Commission alongside Babajide Soyode for offences bordering on money laundering continued on Tuesday with a counsel, S.M. Labaran, telling the Court that the Attorney General of the Federation had shown interest to take over the matter.

Third prosecution witness, Adedeji Jide Adelabu, a bureau de change operator, on Thursday told Justice Okon Abang of the Federal High Court, Abuja how Mohammed Dangana, a staff of the Economic Community of West African States, instructed him to exchange and transfer millions of naira and foreign currencies to his personal accounts.

The Economic and Financial Crimes commission, Lagos Office on Thursday re-arraigned Samusideen Babafemi Sarumi, owner of 606 Autos Limited, 606 Music Limited and Splash Off Entertainment Limited, before Justice Chuka Obiozor of the Federal High Court sitting in Ikoyi, Lagos on a three-count charge bordering on felony to commit money laundering and money laundering to the tune of N209 million.