“Court Remands Man Over Alleged ₦700m Money Laundering” — EFCC Says Funds Were Traced To Over 150 Beneficiaries Across 13 Banks

Court Remands Businessman Over Alleged N700m Money Laundering

Justice Alexander Owoeye of the Federal High Court in Lagos has remanded a businessman, Osaretin Osagiede, in the custody of the Ikoyi Custodial Centre for allegedly laundering N700 million. Justice Owoeye ordered that Osagiede be kept behind bars after he was arraigned before him by the Economic and Financial Crimes Commission (EFCC) on six counts of conspiracy and money laundering. The EFCC prosecutor, Hannatu Kafarnaisa, had told the judge th…

“Court Remands Man Over Alleged ₦700m Money Laundering” — EFCC Says Funds Were Traced To Over 150 Beneficiaries Across 13 Banks

The Economic and Financial Crimes Commission has arraigned one Osaretin Osagiede before the Federal High Court sitting in Lagos over alleged money laundering involving more than ₦700 million. Osagiede was arraigned before Justice Alexander Owoeye on a six-count charge bordering on alleged conspiracy, possession and receipt of funds suspected to be proceeds of unlawful activities. […]

EFCC Arraigns Suspect Over Alleged ₦700 Million Money Laundering

The Economic and Financial Crimes Commission (EFCC) has arraigned a man, Osaretin Osagiede, before a Federal High Court in Lagos over alleged money