EFCC re-arraigns Atiku’s son-in-law

Date:

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.

Thank you for reading this post, don't forget to subscribe!

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)

Naija247news
Naija247newshttps://www.naija247news.com/
Naija247news is an investigative news platform that tracks news on Nigerian Economy, Business, Politics, Financial and Africa and Global Economy.

Share post:

Subscribe

Popular

More like this
Related

Access Holdings to pay N1.80 as final dividend to shareholder

March 28, 2024. Azonuchechi Chukwu. Access Holdings has revealed plans to...

Police gun down two notorious bandits in Benue

March 28, 2024. Azonuchechi Chukwu. Men of Operation Zenda, a Joint...

Army declares eight wanted in connection with the k!lling of its officers in Okuama

March 28, 2024. Azonuchechi Chukwu. The Nigerian Army has declared eight...

Naira Appreciates Against Dollar at the NAFEM Window

March 28, 2024. Azonuchechi Chukwu. The Naira’s euphoric appreciation against the...
Social Media Auto Publish Powered By : XYZScripts.com

Discover more from Naija247news

Subscribe now to keep reading and get access to the full archive.

Continue reading