The Abuja Zonal Command of the Financial and Monetary Crimes Fee, on Monday, arraigned a former banker, Victor Joseph and one Ahmad Aliyu on cash laundering expenses to the tune of N110 million.
This was disclosed in an announcement on the official X deal with of the EFCC on Tuesday.
The assertion disclosed that the defendants had been docked for allegedly transferring N110 million fraudulently from the Nationwide Meeting workplace account between March 27 and April 11, 2023, utilizing fictitious switch directions.
It learn, “Additional investigations confirmed that the solid directions had been submitted on the UBA Nationwide Meeting Enterprise workplace, Abuja Department, for processing and the funds had been transferred to varied beneficiaries in three banks.
“The cash was traced from these three banks to a number of different beneficiaries who later returned the funds to Joseph that initiated the transactions.”
In keeping with the EFCC, they had been arraigned on five-count cost bordering on cash laundering earlier than Justice N.E. Maha of the Federal Excessive Courtroom, Maitama Abuja.
Each defendants had been mentioned to have pleaded not responsible to the costs, prompting the prosecution counsel, Joshua Saidi, to ask for a trial date.
The counsel for the primary and second defendants, Gbenga Ashowole and Nelem Orji, knowledgeable the court docket of purposes for bail for his or her shoppers.
Justice Maha thereafter remanded the defendants on the Kuje Correctional Centre and adjourned the matter until February 27, 2024, for listening to of bail purposes.
The PUNCH reported in July 2023 how the Edo State Police Command arrested a former banker, Reward Igbinosun, 35, for allegedly defrauding one John Nnamdi and one Obasogie Osagieduwa of over N14.9m below the pretence of serving to them to get new notes.