EFCC Arraigns 2 Investors For Laundering About a Billion Naira

The Economic and Financial Crimes Commission, EFCC, has arraigned two investors, Taiwo Oluwadahunsola and Adebola Adetayo, before an Ikeja Special Offences Court for allegedly laundering the sum of N999 million.

A company, Green Eagles Agribusiness Solution Limited, was also arraigned alongside the defendants on a 19-count-charge, bordering on money laundering, conspiracy to steal, stealing and offences related to dishonoured cheque.

The defendants, however, pleaded not guilty to the charges preferred against them.

EFCC Counsel, Mrs Bilikisu Buhari, prayed the court for a trial date to enable the prosecution to prove its case against the defendants, following their not-guilty plea.

The Defence Counsel, Mr Williams Ugwu, however, informed the court of a bail application for the defendants.

Ugwu moved the application and prayed to the court to grant the defendants bail on liberal terms.

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The Judge, Justice Olubumni Abike-Fadipe, granted the defendants bail in the sum of fifty million naira, with two sureties in like sum.

Justice Abike-Fadipe ordered that the defendants be remanded in Ikoyi Correctional Centre, pending the perfection of the bail conditions.

According to the charge information, the defendants were alleged to have stolen N946 million, property of Volition Capital Investment Staff Eti-Osa Cooperative Multipurpose Society Limited.

In another count, the defendants were said to have concealed the genuine origin of N38 million through an account, Konate Agro Limited, the sum he was said to have derived from an illegal act through fraudulent conversion.

The judge adjourned the case till July 6 for trial.

Wahab Akinlade

Akinlade I. WAHAB is a dedicated journalist and the proprietor of I-WAHAB Media. He embarked on his career at Murhi International TV (MiTV) and subsequently joined Radio Nigeria as a Judicial Correspondent.With a profound interest in legal reporting, he currently holds the positions of Chairman at the National Association of Judicial Correspondents (NAJUC), Ikeja Branch, and Chairman at the Nigeria Union of Journalists (NUJ), Radio Nigeria Chapel.As the owner of I-WAHAB Media, he has successfully established Top Court News, a platform renowned for providing comprehensive coverage of court cases and legal developments, with the aim of promoting transparency within the judicial system.Akinlade's diligent work and unwavering commitment to ethical reporting have earned him immense respect within the Nigerian journalism community.

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