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EFCC arrest man for N58 Million money laundering

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EFCC arrest man for N58 Million money laundering kikiotolu

The Economic and Financial Crimes Commission, EFCC, arraigned a Malaysian based man for N58 Million money laundering.

The suspect, Okoroji Stanley Chinonso, was arraigned on Monday, June 3, 2019, arraigned before Justice folashade Giwa-Ogunbanjo of the Federal High Court, Abuja.

Okoroji Stanley Chinonso journey to the dock started when he was apprehended by the officers of the Nigerian Police on December 28, 2018 in Imo state for allegedly participating in an organised crime. He was thereafter handed over to the EFCC on January 3, 2019 for further investigation and prosecution.

The defendant pleaded “not guilty” to the charges. In the view of the non guilty plea, the prosecution team led by Chile Okoroma urged the court to pick a trial date and consequently remand the defendant in prison custody pending the determination of the case.

The Defence counsel, Amaka Ede, notified the court of a pending bail application that was filed and supported by a 10-paragraph affidavit. She also acknowledged the receipt of a counter-affidavit to the bail application from the prosecution. She however told the court that she has adopted her written submission on the bail application.

Presiding Judge, Giwa-Ogunbanjo, after considering both counsels’ applications and written submissions and in accordance with Section 36(5) of the Constitution of the Federal Republic of Nigeria which states that an accused is innocent until proven guilty, granted the defendant bail in the sum of N25 million with two sureties in like some.

In addition, one of the sureties must have a landed property within FCT with evidence which must be verified while the other surety must be a federal civil servant of Grade Level 14, who must be resident within the FCT. The surety must show evidence of payment of tax which must be verified within seven working days.

Furthermore, the defendant is not allowed to leave the shores of the country; consequently, he must deposit his international passport with the Deputy Registrar of the Court. However, the judge ruled that tje defendant is to be remanded in the prison custody until his bail conditions are met.

Justice Giwa-Ogunbanjo then adjourned commencement of trial to September 25, 26 and October 22, 26, 2019.

About Ayeni Tolulope

Ayeni Tolulope is a fine-grained Journalist, Writer, Digital Media Strategist. He has been a member of the Fourth Estate for three years. He worked with LailasNews for over a year.