The Economic and Financial Crimes Commission, (EFCC) on Tuesday arraigned one Naankang Dawan at the Federal High Court, Jos, Plateau State, for alleged money laundering.
Dawan was arraigned on a 31-count charge of conspiracy, money laundering and obtaining N908.1 million under false pretence alongside a staff of First Bank Plc, Moruf Tunji Olukanmi.
Other defendants are two companies – Taen Nigeria Limited and Lataen Engineering Limited.
In a statement issued by its Head of Media and Publicity, Wilson Uwujaren, EFCC said Dawan, who allegedly inherited some companies including a petrol station from his family, connived with Olukanmi and other staff of First Bank to defraud costumers using a Point of Sale (POS) terminal allocated to him.
However, the defendants pleaded not guilty to all the charges.
Following their pleas, the prosecution counsel, Benjamin Manji, asked the court to pick a trial date and remand the suspects at the correctional centre pending trial.
But defence counsel, A.G Yirvoms, informed the court of a pending application for his clients’ bail.
Justice D.V. Agishi adjourned the case till July 26 for consideration of the bail application and October 6 for trial.
Join the conversation
INVESTIGATION: Inside UNILAG’s multi-million naira budgetary abuse and academic discord
The University of Lagos located in Nigeria’s commercial capital, Lagos, has been embroiled in controversies with allegations bothering on misappropriation of...
SPECIAL REPORT: Displaced residents of Zamfara battle hunger, as underfunding derails Nigeria’s nutrition goals
On paper, Muhammad Zayyanu is seven years old. The quiet boy who looks shorter for his age could not recollect...
INVESTIGATION: N7.3bn paid for unnamed projects; how Nigerian govt spent N2.2trn in six months
Analysing nearly 3,000 payments made by various Federal Government Ministries, Departments and Agencies (MDAs) over the previous six months (January...
INVESTIGATION… Delay rocks Nigerian govt’s promise of N30,000 covid-19 relief for artisans, others
Before the outbreak of the COVID-19 pandemic in February, 2020, Chukwudi Okoroigwe’s daily earnings as a bus driver was hardly enough to cater to the...
INVESTIGATION… Ten years after, communities count losses as AfDB, Cross River govt abandon road project
Ten years after the Cross River State government and African Development Bank (AFDB) jointly awarded the Yahe-Wanokom-Wanikade-Benue border road for...