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Court Clears Ex-Lagos Speaker, Ikuforiji, Aide of Money Laundering Charge

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9 months ago

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She stated that after purchasing the tiles, the defendants made a fraudulent transfer of funds to the company’s account. The prosecution counsel stated that police investigations confirmed that the accused had committed the offense. She said the offence violated Sections 97 and 95 of the Penal Code. The Judge, Chukwuemeka Nweke, admitted the defendants to bail in the sum of N1 million each, with one surety in the same amount. He adjourned the case for a hearing on July 2.

Justice Mohammed Liman of a Federal High Court in Lagos has discharged and acquitted a former Speaker of the Lagos State House of Assembly, Adeyemi Ikuforiji of an alleged N338.8 million money laundering charge slammed on him by the Economic and Financial Crimes Commission (EFCC).

Ikuforiji was cleared of the alleged offence alongside his former Personal Assistant, Oyebode Atoyebi.

Delivering judgement in the matter today, Justice Liman held that the anti-graft agency failed to prove its case against the defendants beyond reasonable doubt.

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The defendants were first arraigned on March 1, 2012, before Justice Okechukwu Okeke on a 20-count charge bordering on misappropriation and money laundering

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