ADVERTISEMENT

EFCC charges ex-Petroleum minister, INEC officials with money laundering

The former Minister of Petroleum Resources is charged alongside three officials of INEC on seven counts of money laundering.

Dieziani Madueke

Allison-Madueke, who was described in the charge as “still at large”, is charged alongside, three officials of the Independent National Electoral Commission (INEC) on seven counts of money laundering.

They are: Christian Nwosu, Yisa Olarenwaju and Tijani Bashir.

The charges were read to the three accused, who were present in Federal High Court Lagos, and Nwosu pleaded guilty to the charges, while Adedoyin and Bashir pleaded not guilty to the charges.

ADVERTISEMENT

The prosecutor, Mr Rotimi Oyedepo then informed the trial judge, Justice Mohammed Idris, that Nwosu had elected to enter into plea bargain with the EFCC.

Oyedepo added that already Nwosu had made a refund of N5 million and surrendered the title document of a landed property he purchased for N25  millon in Delta State.

Reacting, Nwosu’s lawyer, Mrs Adeku Nbangba, confirmed the position and pleaded with Justice Idris to temper justice with mercy in deciding the fate of the accused.

The judge adjourned till April 7, for sentencing and ordered that Nwosu be remanded at the EFCC custody.

Meanwhile, the judge granted bail in the sum of N50 million each to Adedoyin and Bashir, adding that they should deposit their international passport with the court’s registrar.

ADVERTISEMENT

The prosecution had alleged that the accused committed the offence on March 27, 2015 by accepting bribe from the ex petroleum minister.

They were also alleged to have conspired to take possession of the sum of about N264 million which sum they reasonably ought to have known formed part of the proceeds of an unlawful act of gratification.

The accused were also said to have made cash payments of the sum of about N235 million, which sum exceeded the amount authorized by law, without going through a financial Institution.

EFCC further alleged that Bashir (fourth accused) also made a cash payment of about N70.1 million to Adedoyin (third accused) without going through a financial institution and which sum exceeded the amount authorized by law.

The prosecution also alleged that Bashir also directly took possession of the sum of about N165 million which sum he ought reasonably to have known formed part of an unlawful act of gratification.

ADVERTISEMENT

In count seven, Nwosu (second accused) was alleged to have directly used the sum of N30 million which he ought to have known formed part of an unlawful act of gratification.

The offences are said to have contravened the provisions of sections 15 (3), 16 (2) and 18 (a) of the Money Laundering Prohibition Amendment Act, 2012.

JOIN OUR PULSE COMMUNITY!

Unblock notifications in browser settings.
ADVERTISEMENT

Eyewitness? Submit your stories now via social or:

Email: eyewitness@pulse.ng

Recommended articles

Video of weird school competition shows young students licking one another's feet

Video of weird school competition shows young students licking one another's feet

UniCal records highest number of first class graduates in 49 years

UniCal records highest number of first class graduates in 49 years

Army announces names of 17 soldiers killed in shocking Delta attack

Army announces names of 17 soldiers killed in shocking Delta attack

Ooni wants Ile-Ife, Modakeke indigenes to live together peacefully

Ooni wants Ile-Ife, Modakeke indigenes to live together peacefully

'Politics is not about being negative every time' — Peter Obi

'Politics is not about being negative every time' — Peter Obi

Army thinks Okuama community planned shocking murder of 16 soldiers in Delta

Army thinks Okuama community planned shocking murder of 16 soldiers in Delta

27,600 Benue women to receive grants, loans for business growth, self reliant

27,600 Benue women to receive grants, loans for business growth, self reliant

₦184 million per street light project and other shocking figures in 2024 budget

₦184 million per street light project and other shocking figures in 2024 budget

We'll stand with you like wall of Gibraltar - Tinubu tells Edo guber candidate

We'll stand with you like wall of Gibraltar - Tinubu tells Edo guber candidate

Pulse Sports

Super Eagles Bright Osayi-Samuel punches pitch invader as violence erupts following Trabzonspor vs Fenerbahce

Super Eagles Bright Osayi-Samuel punches pitch invader as violence erupts following Trabzonspor vs Fenerbahce

Naija Stars Abroad: Moffi, Chukwueze battle Oshoala, Echegini for POTW

Naija Stars Abroad: Moffi, Chukwueze battle Oshoala, Echegini for POTW

Report: Super Eagles get new coach for Ghana and Mali clash

Report: Super Eagles get new coach for Ghana and Mali clash

Osimhen misses out on N17b payday after Napoli's UCL loss to Barcelona

Osimhen misses out on N17b payday after Napoli's UCL loss to Barcelona

‘Thank you’ - Osimhen’s girlfriend Stefanie Ladewig grateful for being the mother of his child

‘Thank you’ - Osimhen’s girlfriend Stefanie Ladewig grateful for being the mother of his child

4 reasons why Victor Osimhen should choose Arsenal over Chelsea, Manchester United and PSG

4 reasons why Victor Osimhen should choose Arsenal over Chelsea, Manchester United and PSG

ADVERTISEMENT
ADVERTISEMENT