1 month ago
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Justice Friday Ogazi of the Federal High Court successful Lagos, connected Wednesday, remanded a businessman, Benjamin Emmanuel, successful the custody of the Ikoyi centre of the Nigerian Correctional Service (NCoS) for alleged fraud and wealth laundering to the tune of N87million.
Justice Ogazi temporarily sent Emmanuel to situation aft the operatives of the Police Special Fraud Unit (PSFU) successful Ikoyi, Lagos, arraigned him successful tribunal successful a lawsuit marked FHC/L/770c/25.
The constabulary prosecutor, Chief Superintendent of Police Yakubu Momoh, had earlier told the justice that the suspect committed the offences sometime successful June 2025.
Momoh claimed that the suspect acquired, retained, and took possession of the said amount, which allegedly belonged to 1 Onibonokuta Evans, portion knowing that it forms portion of the proceeds of an unlawful act.
The authoritative further informed the justice that the suspect converted the funds for his ain idiosyncratic use.
He maintained that the offences contravened Sections 18(2)(b) and 18(2)(d) of the Money Laundering (Prevention and Prohibition) Act, 2022, which are punishable nether Section 18(3) of the aforesaid Act.
The defendant, however, pleaded not blameworthy to the charge.
Following his plea, Justice Ogazi adjourned the substance to October 10 for the commencement of the trial.
One of the the counts against him states: “That you, Benjamin Umanah Emmanuel, connected oregon astir June 2025 successful Lagos, wrong the jurisdiction of this Honourable Court, with intent to defraud, did straight person to your ain usage and payment the sum of Eighty-Seven Million Naira (N87,000,000.00), knowing oregon reasonably ought to person known that the said sum forms portion of the proceeds of an unlawful act, and thereby committed an offence contrary to conception 18(2)(b) of the Money Laundering (Prevention and Prohibition) Act, 2022, which is punishable nether conception 18(3) of the same Act.”
English (US) ·