0 C
Lagos, NG
21st February 2020
  • Home
  • LOCAL NEWS
  • Atiku’s son-in-law,Abdullahi re-arraigned for money Laundering
LOCAL NEWS

Atiku’s son-in-law,Abdullahi re-arraigned for money Laundering

Atiku’s son-in-law,Abdullahi re-arraigned for money Laundering
Atiku’s son-in-law,Abdullahi re-arraigned for money Laundering

The Economic and Financial Crimes Commission, EFCC, Lagos Zonal office, on Tuesday, October 8, 2019, re-arraigned one Abdullahi Babalele before Justice Chukwujekwu Aneke of the Federal High Court sitting in Ikoyi, Lagos on a two-count charge bordering on money laundering to the tune of $140,000.00.

According to the statement released by the anti-graft agency on Tuesday, the commission said Abdullahi Babalele, a son-in-law to a former Vice President and People’s Democratic Party( PDP) candidate in the 2019 presidential election, Atiku Abubakar, allegedly persuaded one Bashir Mohammed, a Bureau De Change(BDC) operator, to make a cash payment of the sum of $140,000 without going through any financial institution, an offence contrary to Section 18(c) of the Money Laundering (Prohibition) Act, 2011 as amended and punishable under Section 16(2)(b) of the same Act.

One of the counts reads: “That you, Abdullahi Babalele, on or about the 20th day of February 2019 in Nigeria, within the jurisdiction of this Honourable Court, procured Basir Mohammed to make a cash payment of the sum of $140,000.00 (One Hundred and Forty Thousand the United States
Dollars) without going through a financial institution, which sums exceeded the amount authorized by the Law and you thereby committed an offence contrary to Section 18(C) of the Money Laundering (Prohibition) Act, 2011 as amended and punishable under Section 16(2)(b) of the same Act.”

The defendant pleaded not guilty to the charge preferred against him.

Given his plea, the prosecution counsel, Rotimi Oyedepo, informed the court of the existing bail earlier granted the defendant and applied for the commencement of the trial.

“My Lord, one of our witnesses is present in court,” Oyedepo said.

Counsel to the defendant, Mike Ozekhome, SAN, informed the court about an application before the court for the release of the international passport of the defendant.

Related posts

Erring Institutions must be held accountable–Comrade Oshiomhole

yellowdanfo

Court orders INEC to issue Mr Rochas Okorocha certificate of return

yellowdanfo

Rape saga: Pastor Fatoyinbo snubbed probe panel – PFN

yellowdanfo

Linda Ikeji got a luxury gift from baby Daddy on her birthday

yellowdanfo

PDP calls on INEC to declare Rivers Governorship election results

yellowdanfo

Suspended CJN Justice Onnoghen arrives Tribunal

yellowdanfo

PHOTO: EFCC Closes Case Against Ofili-Ajumogobia

yellowdanfo

Nollywood seek $50,000 support for injured actor Victor Olaotan

yellowdanfo

Minimum wage: Buhari receives final report from Committee

yellowdanfo

Why we marked properties traced to Senator Okorocha- EFCC

yellowdanfo

Leave a Comment

Login

X

Register