- Uyi Giwa-Osagie is arrested by the EFCC for allegedly laundering $4 million 'suspicious election cash'
- A source at the EFCC reportedly says that his arrest followed the interception of some hard currency with a BDC operator
- Another source quotes Uyi as a reputable lawyer from a wealthy home as EFCC reportedly continues with investigation
A business partner and lawyer-friend to Atiku Abubakar, the presidential candidate of the Peoples Democratic Party (PDP), has been reportedly arrested and detained by operatives of the Economic and Financial Crimes Commission (EFCC).
Uyi Giwa-Osagie is said to be suspected of laundering about $4 million, described by the EFCC as “suspicious election cash”.
The Nation reports that the action of the EFCC followed a suspicious transaction by a bureau de change operator.
It quoted a source at the EFCC as saying: “A BDC operator was intercepted for shipping $2 million from Abuja to Lagos for suspected money laundering.
“Upon interception by our detectives, the BDC operator admitted that Uyi Giwa-Osagie actually paid the naira equivalent of $4 million into his account in exchange for hard currency.
“We invited Uyi for interrogation on Monday and Tuesday. Our detectives have also conducted a search of his home. Some useful documents were retrieved. Investigation is, however, still in progress.
“Apart from documents relating to posh properties at home and abroad, a copy of the EFCC Investigation Report on Atiku’s relationship with a jailed U.S. lawmaker, Williams Jefferson, was retrieved from Uyi.
“An analysis of the account indicated that it yielded over $30million deposits mostly from a firm with a link with the PDP candidate.
“Obviously, there were remittances from the account of a multi-national company linked with the PDP candidate.
“We have decided to detain him pending the conclusion of investigation.“
The report also quoted another source as saying Uyi is a trustworthy lawyer to Atiku.
“It is not out of place if Atiku’s dossiers are found with him.
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“You also need to appreciate his background and antecedents, he is from a very wealthy heritage. By the time he opens up, the EFCC will know that he is not an overnight associate of Atiku,” the second source said.
Legit.ng earlier reported that the Peoples Democratic Party (PDP) accused the presidency of releasing over N6 billion “looted from federal funds” to the All Progressives Congress (APC) National Assembly candidates to rig the rescheduled elections.
The director, media and publicity of the PDP Presidential Campaign Organisation, Kola Ologbondiyan made this allegation in a statement on Tuesday, February 19.
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