ECONOMIC CRIMES COMMISSION ARRAIGNS MAN OVER MONEY LAUNDERING

January 22, 2020

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One of the counts reads: “That you Afolabi Ridwan, (Joseph Ahmedu and others at large) in 2018 within jurisdiction of this Federal High Court, conspired to directly take possession from persons unknown residing outside Nigeria of monies, which to your knowledge were proceeds of unlawful acts and thereby committed an offence contrary to Section 18(a) of the Money Laundering (Prohibition) Act, 2011 as amended by the Money Laundering (Prohibition) (Amendment) Act, 2012 and punishable under Section 15 (2)(d) and (3) of the 2012 Act”.

The trial judge, Justice P.I Ajoku while adjourning to Mach 11, 2019 for “commencement of trial”, fixed January 25, 2019 for hearing of the bail application and ordered that the defendant be remanded at Agodi Prison.