Tag Archives: money laundering

Upadte: Abubakar, Adoke released on bail

Immediate past Attorney-General of the Federation and Minister of Justice, Mohammed Adoke (SAN), has been granted bail on fresh money laundering charges.

He was granted bail by Justice Binta Nyako of the Federal High Court in Abuja, earlier today.

The second defendant, Aliyu Abubakar, was also granted bail.

Justice Binta Nyako imposed the same terms and conditions of the bail they were earlier granted by Justice Idris Kutigi of the Gwagwalada Division of the Federal High Court in Abuja, on January 30.

Justice Kutigi had granted each of the men N50m bail with a surety, each.

Adopting the same conditions on Monday, Justice Nyako directed that the defendants should deposit their passport with the FCT High Court.

Defence lawyers – Chief Mike Ozekhome (SAN) and Mr. Olalekan Ojo(SAN), who said their clients had already met the bail conditions, pleaded with the court to make a specific order barring the Economic and Financial Crimes Commission from re-arresting them once the release order is served on the commission.

The judge said such order would not be necessary as there would be no basis for their rearrest or continued detention once the court’s release order is served.

Adoke and Abubakar had earlier pleaded not guilty to the seven counts of making payments of dollar equivalent of about N600m in violation of money laundering law.

The prosecution, the Economic and Financial Crimes Commission, alleged that they committed the offences in September 2013.

The judge fixed April 1 and 2 for trial, The Punch reported.


MMIA Airport: Customs intercepts $8.065m cash from suspect

…Uncovers N10.3bn pangolin scales

The Muritala Muhammed International Airport (MMIA) command of the Nigeria Customs Service (NCS) has intercepted $8.065 million cash from suspected money launderers.

The Federal Operations Unit (FOU) zone A also impounded 147 sacks of pangolin scales weighing 9,504.1kg and valued at N10.264 billion at an abandoned warehouse in Isheri Estate.

However, Daily Sun learnt that the currency was intercepted in a bus belonging to the Nigerian Aviation Handling Company (NAHCO) at the airport tarmac, which was ready to be smuggled into an aircraft.

While showcasing the seizures yesterday at a press briefing in Lagos, the Comptroller General of the Service, Col. Hameed Ali (rtd), said that the consignment packed in a coaster bus was laoded in six big Bagco bags, adding that one suspect, the driver of the bus, Chimezie Okonkwo, was arrested.

According to him, after the preliminary investigations, the money would be handed over to the Economic and Financial Crimes Commission (EFCC) for further investigations to reveal the real owners of the money.

Speaking on the pangolin scales, Ali said the seizure would attract World Customs Organisation (WTO).recommendation.

He, therefore, commended the FOU Zone A for making such huge seizure of the pangolin scales.

According to him, Nigeria is a signatory to Convention on International Trade of Endangered Species (CITES), which categorises this species under absolute prohibition. “Therefore, its importation or trade is illegal globally”, the Customs boss added.

On other seizures, he explained that 3,067 bags of contraband foreign rice (50kg), 3,722 jerry cans of 25 litres and 1040 of 4.73 litres of vegetable oil, 14 units of exotic vehicles, 575 pieces of used tyres, among others, were seized with a Duty Payment Value (DPV) of N303.244 million, making a cumulative duty paid value of N10.567 billion within the month under review.

While reacting to the development, the spokesperson of the Nigerian Aviation Handling Company plc (NACHO), Tayo Ajakaye, said:

“NAHCO as an organization has no connection whatsoever with this alleged act. The company has initiated contact with the Nigerian Customs Service’ hierarchy to provide it with details of this incident. As a responsible corporate organisation, NAHCO will cooperate with all regulators, agencies and other stakeholders in not only finding out the truth about this unfortunate incident, but also rooting out malpractices in the sector.”

However, he said NAHCO does not condone irresponsible and criminal behaviour, adding that the company takes seriously the trust of its esteemed clients, partners and other stakeholders, both local and international, and will do everything to protect that trust.


Edo State commissioner of art charged of money laundering.

Edo State’s Commissioner for Arts, Culture and Tourism, Mr. Osaze Osemwingie-Ero has been allegedly arrested by INTERPOL over money laundering.

The Edo State cabinet who was reportedly arrested in France since last month (November) for being in possession of $2m, was allegedly detained and queried by operatives of the International police agency.

Though insiders told The Nation that the commissioner was arrested over an offence he committed seven years ago, political opponents are claiming the money was allegedly given to him by Governor Godwin Obaseki during a foreign trip.

However reacting to the arrest, the Edo State’s government stated that the arrest has no link to Governor Obaseki.

Obaseki’s Special Adviser on Media and Communication Strategy, Mr. Crusoe Osagie also disclosed that they are yet to confirm the arrest.

Osaze Osemwingie-Ero

He said;

“We learnt about the alleged arrest of the Arts, Culture, Tourism and Diaspora Commissioner, Hon. Osaze Osemwingie-Ero from unreliable sources on social media and we are unable to confirm either the alleged arrest or what might have led to it.

“But we can confirm without equivocation that whatever the issues might be, they are totally personal and have nothing whatsoever to do with the Edo State Government or Governor Godwin Obaseki.”