The Economic and Financial Crimes Commission, EFCC, has arraigned two suspects – Taiwo Oluwadahunsola and Adebola Adetayo – before a Lagos Special Offences Court, sitting in Ikeja, over alleged laundering of about Nine Hundred and Ninety-Nine Million Naira (N999,000,000.00).
A company, Green Eagles Agribusiness Solution Limited, was also arraigned alongside the defendants on Thursday, on a 19-count charge, bordering on money laundering, conspiracy to steal, stealing and offences related to dishonoured cheques.
The defendants pleaded not guilty to the charges preferred against them.
EFCC Counsel, Mrs. Bilikisu Buhari, however, prayed the Court for a trial date to enable the prosecution prove its case against the defendants, following their not guilty plea.
On his part, the defence Counsel, Mr. Williams Ugwu, however, informed the Court of a bail application for the defendants.
Ugwu moved the application and prayed the Court to grant the defendants bail on liberal terms.
The judge, Justice Olubumni Abike-Fadipe, granted the defendants bail in the sum of N50million with two sureties in like sum.
Abike-Fadipe held that the defendants be remanded in Ikoyi Correctional Centre, pending the perfection of their bail conditions.
The EFCC Counsel, on one of the counts, submitted that the defendants stole N946million, property of Volition Capital Investment Staff Eti-Osa Cooperative Multipurpose Society Limited.
Buhari, in another count, also said the defendants concealed the genuine origin of N38million through an account, Konate Agro Limited, noting that the sum was derived from an illegal account through fraudulent conversion.
In the meantime, Justice Abike-Fadipe, adjourned the case till 6th July for commencement of trial.