EFCC arraigns two men for alleged money laundering in Lagos

The Economic and Financial Crimes Commission (EFCC) on Thursday arraigned two men, Taiwo Oluwadahunsola and Adebola Adetayo, at the Lagos State Special Offences Court, Ikeja, for alleged money laundering.

The commission arraigned the two men alongside a company, Green Eagles Agribusiness Solution Limited, on a 19-count charge of money laundering, conspiracy to steal, and stealing.

The EFCC alleged that the defendants laundered N999 million.

They, however, pleaded not guilty to the charges preferred against them by the commission.

The EFCC counsel, Mrs. Bilikisu Buhari, urged the court to pick a trial date to enable the prosecution to prove its case against the defendants following their not-guilty plea.

READ ALSO: Court adjourns Mompha’s alleged money laundering trial to June 16

The defence counsel, Mr. Williams Ugwu, however, informed the court about a bail application for his clients.

Ugwu moved the application and urged the court to grant the defendants bail on liberal terms.

Justice Olubumni Abike-Fadipe granted the defendants bail in the sum of N50 million with two sureties in like sum.

She ordered that the defendants be remanded in Ikoyi Correctional Centre pending the perfection of the bail conditions.

The judge adjourned the case till July 6 for trial

Join the conversation

Opinions

Support Ripples Nigeria, hold up solutions journalism

Balanced, fearless journalism driven by data comes at huge financial costs.

As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.

If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.

Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.

Donate Now