Nigeria's Anti-Graft Agency, EFCC Arraigns Director, Company For N140billion Money Laundering ChargesYaro was arraigned before Justice Obiora Egwuatu on 25-count charge and 12 counts respectively.
The Economic and Financial Crimes Commission on Monday arraigned one Saadatu Ramallan Yaro and a company before a Federal High Court sitting in Abuja on money laundering separate charges to the tune of over N140billion.
“That you, Tsami Babi Resources Limited, a Designated Non-financial Institution, in year 2021, in Abuja within the jurisdiction of this Honorable Court, failed to submit to the Ministry of Commerce, a declaration of activities of the said company within which period the total sum of N17,623,756, 150.00 was deposited into the company’s account No.
One of the counts reads, “That you, M.A.Y FINE FRAGRANCE LIMITED, a Designated Non-financial Institution, between 19th day of May and 9th day of August, 2022, in Abuja within the jurisdiction of this Honourable court, failed to submit to the Special Control Unit Against Money Laundering, a declaration of your activities within which period the total sum of N15,761,938,147.00 was deposited into your account No.