- The Economic and Financial Crimes Commission (EFCC) arraigns Abdullahi Babalele, son-in-law to former vice president, Atiku Abubakar
- Babalele pleads not guilty to the two-count charge of alleged money laundering read to him
- Justice Nicholas Oweibo of the Federal High Court in Lagos remands the arraigned in the custody of the EFCC
Abdullahi Babalele, a son-in-law to former vice president Atiku Abubakar, has been arraigned by the Economic and Financial Crimes Commission (EFCC) over allegations of money laundering.
Atiku is the presidential candidate of the Peoples Democratic Party (PDP) during the 2019 general elections. He was defeated by President Muhammadu Buhari.
Channels Television reports that Babalele was arraigned on a two-count charge before Justice Nicholas Oweibo of a Federal High Court in Lagos.
He pleaded not guilty to the charges.
Justice Oweibo later ordered that Babalele be remanded in the custody of the EFCC pending the hearing of his bail application slated for Thursday, August 14.
It was learnt that in the charge signed by the EFCC prosecutor, Rotimi Oyedepo, Babalele allegedly committed the offence in February, 2019.
The counts read alleged that Babalele aided one Bashir Mohammed to make cash payment of $140,000. 00 without going through a financial institution.
The court added that the sum exceeded the amount authorised by law.
The EFCC said the offence is contrary to section 18(c) of the money laundering (prohibition) act, 2011 as amended and punishable under section 16(2)(b) of the same law.
Legit.ng earlier reported how the EFCC recently arrested Uyi Giwa Osagie, a legal adviser to Atiku, and Babalele.
A spokesperson for the EFCC, Tony Orilade, said at the period that he needed additional time to give official comments about the arrest.
NAIJ.com (naija.ng) -> Legit.ng. We have upgraded to serve you better.
Ministerial list: Anti-corruption groups reject Malami's re-nomination by Buhari | Legit TV