25.6 C
Lagos
Monday, January 18, 2021
- Advertisement -

EFCC Rearraigns Former NIMASA Chief Over N156 fraud

Opinion

2020: A Year Like no Other By Dakuku Peterside

The year 2020 was supposed to be a great year. It was another Leap Year – the famed Olympic Games year when...

The Time to Restructure is Now – Bola Tinubu

Being with you at this special event today, I am visited by two competing emotions. I continue to feel a profound sense...

Africa and the COVID-19 Vaccine – By Dakuku Peterside

The year 2020 will forever be synonymous with Covid-19, a pandemic that brought the world to her knees. For the first time...

Buhari is Repressing Human Rights and Getting Away With It – By Kolawole Olaniyan

President Muhammadu Buhari is failing to live up to his promises to ensure respect for human rights, obey the rule of law,...

The EFCC on Monday, rearraigned a former Director-General of the Nigerian Maritime Administration and Safety Agency, NIMASA, Haruna Jauro, in a Federal High Court in Lagos for alleged N156.4 million money laundering.

The defendant was arraigned alongside Dauda Bawa and Thlumbau Enterprises Limited on nineteen counts bordering on money laundering before Justice Chuka Obiozor.

The defendants were first arraigned before Justice Mojisola Olatoregun (now retired) on April 12, 2016 over an alleged N304.1 million money laundering scheme. They had pleaded not guilty to the charges and the judge had admitted them to bail in the sum of N5 million each with two surties in like sum

However, following the retirement of Justice Olatoregun, the charge is now commencing de novo (afresh) before Justice Obiozor.

The defendants again, pleaded not guilty to the charges before Justice Obiozor. After their pleas, the prosecutor, Mr U.U Buhari asked the court to set a trial date and urged that the defendants be remanded in the correctional service..

Meanwhile, defence counsel, Olalekan Ojo, SAN, urged the court to allow the defendants continue on the earlier bail granted them by Justice Olatoregun. Delivering his ruling, Justice Obiozor, granted defence counsel’s bail application and adjourned the case until March 17, 2021, for trial.

The EFCC had called 16 witnesses and tendered several exhibits, while the defence called five witnesses during the initial trial.

The EFCC alleged that the defendants in January 2014 converted N156.4million belonging to the Agency to their own use and averred that the offences contravened the provisions of of sections 15(3) and 18(a) of the Money Laundering (Prohibition) Act 2012.

- Advertisement -
- Advertisement -

Business Profiles

Ngozi Edozien

Ngozi Edozien is the founder and Managing Director of Invivo Partners Limited. She has over 20 years’ experience in finance/private equity, general...

Sanyade Okoli

Sanyade Okoli is Chief Executive Officer at Alpha African Advisory. She has over 21 years of financial advisory, private equity, corporate, commercial...

Samuel Nwanze

Samuel Nwanze is a director of Transcorp Power. He holds an MSc. degree in Finance and Management from Cranfield University in the...

Olukemi Adeniji

Ms Adeniji has a law degree and a Masters in International Law and Diplomacy (M.I.L.D) from the University of Lagos. She has...

Chikezie Nwosu

Chikezie Nwosu is an experienced senior executive with over 29 years local and international experience in the oil & gas industry vis-a-viz...