Court records show that the lawyer is to be arraigned on a one-count charge before Justice Oluremi Oguntoyinbo of the Federal High Court, Lagos on Thursday May 12.
In the charge sheet, the EFCC said Olu-Adegboruwa and one Jonathan Udeagbala in August 2013 allegedly conspired to lease a property situated at House 105, Nicon Town Estate, Lekki, Lagos to a company named Shelf Drilling Nigeria Limited for that amount.
The property is under an interim forfeiture order by Justice Christopher Balogun of the Lagos State High Court.
The money was credited to Mr Olu-Adegboruwa’s Zenith Bank account and the EFCC said it was an offense punishable under Section 32(1) of the EFCC Act 2004.
Channels Television’s judiciary correspondent, Shola Soyele, who spoke to some officials of the EFCC on Tuesday evening, reported that Mr Olu-Adegboruwa was in the custody of the Commission.