The Economic and Financial Crimes Commission , on Wednesday, arraigned a former Commissioner for Finance in Kwara State, Ademola Banu, for alleged N411million money laundering.
In a statement signed by its acting spokesperson, Tony Orilade, EFCC said Mr Banu was arraigned alongside Travel Messenger Company Limited and one Olarewaju Adeniyi, on nine counts before Justice Babangana Ashigar of the Federal High Court, Ilorin, Kwara State It said the offence is contrary to section 18 of the money laundering Act, 2012 and punishable under section 15 and of the same Act”.Following their plea, counsel for the EFCC, Nnaemeka Omewa, asked the court for a date for trial to commence, “to enable us to prove our case.”
The defence counsel, Gboyega Oyewole and Bamidele Ibironke, however, prayed Justice Ashigar to grant bail to their clients, arguing that their alleged offences are bailable.
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Source: Daily Trust - 🏆 13. / 51 Read more »