Alleged Money Laundering: Court Dismisses Maina’s Application For Bail Variation


A Federal High Court sitting in Abuja has dismissed the bail variation filed by the former chairman of the defunct Pension Reform Task Team, Abdulrasheed Maina. 

In a ruling delivered by Justice Okon Abang on Wednesday, the court held that Mr Maina failed to provide sufficient materials before it, to prove that he is unable to meet his bail conditions.

The court also rejected the Economic and Finacial Crimes Commission’s (EFCC) request to revoke the bail granted to Maina.

This follows an allegation that he is planning to assassinate the witnesses and that the prosecutor was not backed with facts.

Maina had approached the court in January with an application seeking the bail condition granted to him asking that he provides two serving senators with landed properties worth N500m each in Maitama or Asokoro as surety.

Mr. Maina who is standing trial for alleged money laundering urged the court to drop the said conditions which he described as excessive and stringent.

READ ALSO: I Can’t Get Senators With N1bn Properties As My Sureties’, Says Maina

At the hearing of the bail variation application filed by Maina on December 6, 2019, the defendant’s lawyer, Mr. Afam Osigwe, said while his client had met other conditions, it had been impossible for him to get senators to serve as the sureties.

The court later varied the bail condition granted to Mr. Maina to one serving Senator or member of House of Representative or a Director in the Federal Civil Service who must attend all proceedings.

The former chairman of the Pension Reform Task Team (PRTT) is being tried by the Economic and Financial Crimes Commission (EFCC) over an alleged N2 billion fraud.


Dasuki Makes First Court Appearance After Release From Detention

A file photo of former National Security Adviser (NSA), Colonel Sambo Dasuki (rtd).


The immediate past former National Security Adviser (NSA), Sambo Dasuki on Thursday made his first appearance in court after his release from four-year-long detention in spite of the bail granted him on numerous occasions by different courts.

Colonel Dasuki appeared before Justice Ahmed Mohammed of the Federal High Court in Abuja for his trial on charges of money laundering and illegal possession of firearms instituted against him in 2015 by the Office of the Attorney-General of the Federation.

READ ALSO: BREAKING: Adoke Arraigned On 42 Counts Of Fraud, Money Laundering

The former NSA is standing trial on two separate sets of charges of alleged diversion of funds earmarked for the procurement of arms meant for fighting Boko Haram in the North-East at the Abuja High Court.

At the resumed trial, Colonel Dasuki, through his lawyer, Olukayode Ariwoola, withdrew two separate applications he filed in protest against his continuation of trial without being released from illegal custody on the ground that the applications had been overtaken by the event of the release of his client.

Reacting to the application, the prosecutor, Dipo Okpeseyi (SAN), said he had no objection to the request to have the applications withdrawn.

The trial judge subsequently struck out the applications and adjourned the trial till March 11 and 12, 2020.

Alleged Money Laundering: Court Adjourns Case Against Atiku’s Son In-Law


The trial against Abdullahi Babalele, a son-in-law of former Vice-President Atiku Abubakar, who was accused of laundering $140,000 in the build-up to the 2019 general elections commenced today.

At the Federal High Court Sitting in Lagos, the Economic and Financial Crimes Commission (EFCC) called its first witness, Bashir Mohmmmed, who described himself as a close friend of Babalele.

Mohammed, who was led in evidence by the EFCC prosecutor, Rotimi Oyedepo, told Justice Chukwujekwu Aneke how he delivered naira equivalent of $140,000 cash to former President Olusegun Obasanjo on Babalele’s instructions.

The witness testified that he personally delivered the money to Obasanjo in his house in Abeokuta, Ogun State.

READ ALSO: NASS Working To Pass 2020 Budget November 28, Says Lawan

He said on Babalele’s request he supplied two bank accounts, which were credited.

After which he said he took the money to Obasanjo’s residence in Abeokuta, Ogun State.

“When I got there, somebody came and took me inside where I met former President Obasanjo and delivered the message,” Mohammed said.

Under cross-examination by the defence counsel, Mike Ozekhome (SAN), Mohammed affirmed that he wrote a statement at the EFCC office during the investigation.

A move by Mr. Ozekhome to tender the statement as an exhibit before the court was, however, opposed by the prosecutor.

The development made Justice Aneke adjourn the matter till tomorrow, Wednesday for ruling on the admissibility of the statement.


Alleged Money Laundering: First Witness Testifies As Fayose’s Trial Resumes


About three months after his re-arraignment, the trial of the former governor of Ekiti State, Ayo Fayose, has resumed at the Federal High Court, Lagos with the testimony of the first prosecution witness.

Fayose is being prosecuted by the Economic and Financial Crimes Commission (EFCC) for alleged money laundering.

The first witness, Mr Lawrence Akande, a Banker with Zenith Bank Plc, had initially testified before former trial judge, Justice Mojisola Olatoregun.

But following a petition written by the EFCC alleging bias against the judge, the matter was re-assigned to Justice Chukwujekwu Aneke with the implication being that all the witnesses who had testified before the previous judge would have to testify afresh.

13 witnesses listed by the anti-graft agency had initially testified before the previous judge.

They included officials from several commercial banks, as well as a former Minister of State for Defence, Sen. Musiliu Obanikoro.

In his testimony before Justice Aneke today, the first witness, Mr Lawrence told the court that as “a person of high network”, his bank sought patronage from Mr Fayose.

He admitted that Mr Fayose maintained three accounts with the bank namely Spotless Investment, De Privateer, and a personal account domiciled in Lagos.

The witness also mentioned that sometime in June 2014, he received a call from Mr Fayose informing him that there will be a business transaction in Akure which he passed on to the Akure Zonal Head of the branch to handle.

The banker then denied direct knowledge of the transaction including lodgements, payments or deposits.

After listening to the testimony, Justice Aneke then adjourned the trial till Tuesday, October 22.

Alleged Money Laundering: Court Convicts Ex-NIMASA DG


A Federal High Court sitting in Lagos has convicted a former Acting Director General of the Nigerian Maritime Administration and Safety Agency, (NIMASA), Calistus Obi for money laundering

Mr Obi was convicted along with Alu Dismas, a former personal assistant to his predecessor, Patrick Akpobolokemi by Justice Mojisola Olatoregun on a charge brought against them by the Economic and Financial Crimes Commission (EFCC).

The judge adjourned the case till May 28 for sentencing and ordered that the duo be remanded in prison custody pending sentencing.

The EFCC had arraigned Obi on April 12, 2016, on eight counts of conspiracy, conversion and money laundering of the sum of n136 million from NIMASA.

Although the court discharged and acquitted the defendants for conspiracy owing to the failure of the prosecutor to prove it, they were, however, convicted of conversion and money laundering.

READ ALSO: Alleged N304m Fraud: Court Fixes June 20 To Adopt Final Addresses Of Ex-NIMASA DG

Count one reads: “That you, Calistus Nwabueze Obi and Dismas Alu Adoon on or about the 5th day of August 2014, in Lagos, within the jurisdiction of this Honourable Court did conspire amongst yourselves to commit an offence, to wit: Conversion of the sums of N111,000,000, property of NIMASA, knowing that the said sums were proceeds of stealing, and thereby committed an offence contrary to Section 18(a) of the Money Laundering (Prohibition) (Amendment) Act, 2012 and punishable under Section 15(3) of the same Act.”

Mr Obi, Global Seal and Grand Pact were said to have converted N42,755,000.00 on December 24, 2013.

The EFCC said Mr Obi, on May 2, 2013, converted N25,000,000, as well as N46.3million being “proceeds of stealing” between April 1 and December 11, 2014.

Alleged Money Laundering: Court Postpones Bail Hearing Of Four Kwara Govt Officials


A Federal High Court sitting in Ilorin, Kwara State, before Justice Babangana Ashigar, has postponed the bail hearing of four officials of the State Government arraigned by the Economic and Financial Crimes Commission (EFCC), Ilorin Zonal Office on money laundering.

Those arraigned include the Permanent Secretary, Kwara State Government House, Abubakar Ishiak, Director of Administration And Finance, Shina Akorede, Controller Finance and Account, Rasaq Momonu and cashier of the Kwara State Government House, Hafees Yusuf.

The four men were first arraigned on May 2 on two counts of money laundering and making cash payments of N20.3 million.

The payments were allegedly made to one Energy Multi-Trade Unique Interbiz Limited through the company’s Chief Executive Officer, Jimoh Sarafadeen Kolade, for services rendered to the Kwara State Government house.

The sum was said to have exceeded the limitation of 10 million Naira payable to a corporate body and thereby resulting in an offence contrary to Section 1 (b) and punishable under Section 16 of the same act.

At the hearing today for their bail application, the prosecuting counsel, Christopher Mschelia, urged the presiding judge to accelerate the proceedings of the arraigned officials in order for the trials to commence.

In response, the lead counsel to the defence, Abdulwahab Bamidele, however, noted that the case was bordering on money laundering which does not involve human lives, hence it is bailable.

Countering the position, Mscheli, insisted that any case on the nation’s economy is equivalent to human life.

After listening to both parties, Justice Ashigar then postponed the date for hearing on bail application till further notice and ordered that the accused persons be remanded in the custody of the EFCC.

Two Military Officers, Three Firms To Temporarily Forfeit N200m To FG

Court Jails Ex-Public Officer Five Years For Employing Daughter

A Federal High Court sitting in Lagos has ordered that the sum of N200 million allegedly fraudulently warehoused in some commercial banks by two military officers, and their three companies, be temporarily forfeited to the Federal Government of Nigeria, pending the outcome of investigations.

According to the Economic and Financial Crimes Commission (EFCC), the money was fraudulently withdrawn from the Defence Headquarters OverHead Expenses Accounts by the two officers.

The two military officers were identified as Adamu Bello Argungu and John Onimisi Ozigi, while their companies are Falsal & Co Global Services Nigeria Limited; Diamond Head Ventures & Development Company Limited; and Sweetex Bureau De Change Limited.

Justice Muslim Sule Hassan who presided over the court made the order for the temporary forfeiture after listening to the submissions of Mr. Nkereuwem Mark Anana, the EFCC lawyer, who moved an exparte application for the order.

The EFCC in an affidavit deposed by one of its operatives, Clever Ibrahim, submitted that the two military officers, Adamu Bello Argungu and John Onimisi Ozigi are of the Nigerian Army and Air Force respectively, who made several unauthorised withdrawals from the Defence Headquarters Overhead Expenses Account.

The deponent also stated that the money was deposited not in their salary accounts, nor the accounts belonging to the Defence headquarters, but in corporate accounts and other accounts belonging to their companies.

He also stated that though, a ‘post-no-debit’ has been placed on the accounts in accordance with the provisions of section 6(5) of the Money Laundering and Prohibition Act, 2011, which had lapsed after 72 hours, the order of the interim forfeiture of the money was sought to debar the respondents from tampering with it.