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Money laundering: Court grants PDP chieftain, INEC officials bail

Money laundering: Court grants PDP chieftain, INEC officials bail

- Three INEC officials and a chieftain of the Peoples Democratic Party have been granted bail

- A Federal High Court in Lagos granted the three defendants bail in the sum of N50m with one surety in like sum

- The trio were alleged to have laundered the sum of N179.8 million in March 2015

A chieftain of the Peoples Democratic Party, Yemi Akinwonmi and two officials of the Independent National Electoral Commission (INEC) attached to Ogun state, have been released on bail by a Federal High Court in Lagos.

Punch reports that Akinwonmi alongside Dickson Atiba and Ogunmodede Oladayo were arraigned for allegedly laundering N179.8m in March 2015, days before the general elections, which they pleaded not guilty to.

Legit.ng gathers that when they were arraigned on July 30, Justice Muslim Hassan ordered that they should be remanded in Ikoyi pison.

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The trio were, however, granted bail in the sum of N50m each with one surety in like sum by Justice Chuka Obiozor, who took over the case from Justice Hassan.

According to the anti-graft agency, the defendants received N179.8m from one Adeyinka Ayo-Aina when they “reasonably ought to have known that the money formed part of proceeds of fraud.”

They were said to have handled the cash without going through any financial institution, contrary to the provisions of the Money Laundering (Prohibition) Act, 2011.

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Meanwhile, Legit.ng previously reported that the Federal High Court in Lagos on Monday, July 30, made an order for the remand of three officials of the Independent National Electoral Commission (EFCC) in the Ikoyi prison.

The Punch reports that the remand order was made by Justice Muslim Hassan shortly after the three officials, attached to Ogun state, were arraigned for allegedly laundering N179.8m.

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Source: Legit.ng

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