EFCC reportedly arrests Atiku’s lawyer, son-in-law over alleged $2m fraud

EFCC reportedly arrests Atiku’s lawyer, son-in-law over alleged $2m fraud

- Uyi Giwa Osagie, Atiku Abubakar's legal adviser has been reportedly arrested by the EFCC

- Giwa Osagie was allegedly arrested alongside Atiku's son-in-law, Abdullahi Babalele over an alleged money laundering fraud

- The development has, however, not been confirmed by EFCC as the commission's spokesperson asked for more time to make official comment

The Economic and Financial Crimes Commission (EFCC) has arrested Uyi Giwa Osagie who is a legal adviser to Atiku Abubakar, and Abdullahi Babalele, the former vice-president’s son in-law.

Premium Times citing multiple sources familiar with the development reports that the duo were taken into custody on Thursday evening, August 8.

However, a spokesperson for the EFCC, Tony Orilade, told the newspaper that he needed additional time to give official comments about the arrest.

Sources anonymously cited however claimed that the anti-graft commission had perfected plans to arraign Giwa-Osagie for alleged money laundering.

Giwa-Osagie will be reportedly arraigned on three count charges, the sources alleged. The alleged charges are as follows:

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"Count 1

"That you UYIEKPEN GlWA-OSAGIE and ERHUNSE GlWA-OSAGIE, sometimes in February, 2019 in Nigeria within the jurisdiction of this Honourable Court conspired to commit an offence to wit: making cash payment of the sum of $2,000,000.00 (Two Million United State Dollars) without going through financial institution which sum exceeded the ‘ amount authorized by Law and you thereby committed an offence contrary to Section 18(a), and 1(a) of the Money Laundering (Prohibition) Act, 2011 as amended and punishable under Section 16(2)(b) of the same Act.

"Count 2

"That you UYIEKPEN GIWA-OSAGIE on or before the 12‘” day of February,2019 in Nigeria within the jurisdiction of this Honourable Court, procured ERHUNSE GIWAOSAGIE to make cash payment of the sum of $2,000,000.00 (Two Million United State Dollars) without going through financial institution, which sum exceeded the amount authorized by Law and you thereby committed an offence contrary to Section 18(c) of the Money Laundering (Prohibition) Act, 2011 as amended and punishable under Section 16(2)(b) of the same Act.

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"Count 3

"That you ERHUNSE GlWA-OSAGIE sometimes in February, 2019 In Nigeria within the jurisdiction of this Honourable Court made the payment of the sum of $2,000,000.00 (Two Million United State Dollars) without going through financial institution, which sum exceeded the amount authorized by Law and you thereby committed an offence contrary to Sections 1(a). & 16(1).(d) of the Money Laundering(Prohibition) Act, 2011 (As Amended) and Punishable under section 16 of the Same Act."

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Meanwhile, five months earlier, Legit.ng reported that EFCC arrested and detained Giwa-Osagie. He was said to be suspected of laundering about $4 million, described by the EFCC as “suspicious election cash”.

The action of the EFCC followed a suspicious transaction by a bureau de change operator.

“A BDC operator was intercepted for shipping $2 million from Abuja to Lagos for suspected money laundering.

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“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 US 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," an EFCC source said.

The EFCC has not, however, confirmed if the latest development is continuation of the earlier probe.

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Source: Legit.ng

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