EFCC re-arraigns Atiku’s son-in-law

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The Economic and Financial Crimes Commission (EFCC) on Tuesday re-arraigned Abdullahi Babalele, the son-in-law to former Vice-President Atiku Abubakar, over alleged money laundering charges.

The EFCC accused Mr Babalele of allegedly laundering about 140,000 dollars, in the build-up to the last general elections.

The defendant was first arraigned on August 14, during the court’s vacation before Justice Nicholas Oweibo, who sat as a vacation judge.

He had pleaded not guilty to the charge and was granted bail in the sum of N20 million with one surety in like sum.

However, following a re-assignment of the case file to a new judge, Chukwujekwu Aneke, the defendant was re-arraigned on Tuesday.

He also pleaded not guilty to the charges.

Justice Aneke granted his request to continue on the earlier bail conditions granted him by Justice Oweibo.

Meanwhile, after his re-arraignment, Mr Babalele applied to the court for a release of his international passport to enable him travel abroad for medical treatment.

But the prosecution counsel, Rotimi Oyedepo, opposed the application arguing that there was no proof that his condition could not be treated in Nigeria.

Justice Aneke adjourned until October 11 for ruling on the application.

In the charge, EFCC accused the defendant of “procuring one Mohammed to make a cash payment of the sum of 140,000 dollars, without going through any financial institution.”

The prosecution said the money exceeded the threshold stipulated by the Money laundering Act

He said that the defendant made committed the offence on February 20.

The offences contravene the provisions of Section 16(2) and 18 (c) of the Money Laundering (Prohibition) Act, 2011 .

(NAN)

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Godwin Okafor is a Financial Journalist, Internet Social Entrepreneur and Founder of Naija247news Media Limited. He has over 16 years experience in financial journalism. His experience cuts across traditional and digital media. He started his journalism career at Business Day, Nigeria and founded Naija247news Media in 2010. Godwin holds a Bachelors degree in Industrial Relations and Personnel Management from the Lagos State University, Ojo, Lagos. He is an alumni of Lagos Business School and a Fellow of the University of Pennsylvania (Wharton Seminar for Business Journalists). Over the years, he has won a number of journalism awards. Godwin is the chairman of Emmerich Resources Limited, the publisher of Naija247news.

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