Nigeria/June 5, 2019/Agency Reporter /No Comment/105 views /nigeria EFCC arraigns man for N58m money launderingshare on:FacebookTwitter Google +Pinterest Tumblr Linked InEmailSend to Email Address:Your NameYour Email AddressEmail check failed, please try againCancel The suspect The Economic and Financial Crimes Commission, EFCC, has arraigned Okoroji Stanley Chinonso, a Malaysian based man, before Justice Folashade Giwa-Ogunbanjo of the Federal High Court, Abuja over alleged N58 million laundering. He was arraigned on a three-count charge bordering on money laundering. Okoroji’s journey to the dock started when he was apprehended by the officers of the Nigerian Police on December 28, 2018 in Imo state for allegedly participating in an organised crime. He was thereafter handed over to the EFCC on January 3, 2019 for further investigation and prosecution. Loading… Count one of the charge reads “That you Stanley Chinonso Okoroji between 11th October 2017 and 8th October 2018 in Abuja within the jurisdiction of this Honourable Court took possession of the total sum of N58,614,000.00 (Fifty Eight Million, Six Hundred and Fourteen Thousand Naira) in your Ecobank PLC account no: 5091051508, which you reasonably ought to have known to be proceeds of unlawful act to wit: participation in an organised criminal group and thereby committed an offence contrary to section 15(1)(d) of the Money Laundering (Prohibition) Act 2011 as amended by the Money Laundering (Prohibition) Act 2012 and punishable under section 15(3) of the same Act.” ALSO READ Priest stabbed during mass at Canada's biggest church | The Guardian Nigeria News - Nigeria and World NewsThe defendant pleaded “not guilty” to the charges. In the view of the non guilty plea, the prosecution team led by Chile Okoroma urged the court to pick a trial date and consequently remand the defendant in prison custody pending the determination of the case. The Defence counsel, Amaka Ede, notified the court of a pending bail application that was filed and supported by a 10-paragraph affidavit. She also acknowledged the receipt of a counter-affidavit to the bail application from the prosecution. She, however, told the court that she has adopted her written submission on the bail application. ALSO READ Former Kwara governor sets agenda for government-electPresiding Judge, Giwa-Ogunbanjo, after considering both counsels’ applications and written submissions and in accordance with Section 36(5) of the Constitution of the Federal Republic of Nigeria which states that an accused is innocent until proven guilty, granted the defendant bail in the sum of N25 million with two sureties in like some. In addition, one of the sureties must have a landed property within FCT with evidence which must be verified while the other surety must be a federal civil servant of Grade Level 14, who must be resident within the FCT. The surety must show evidence of payment of tax which must be verified within seven working days. ALSO READ Oil prices jump to $65.91 - Premium Times NigeriaFurthermore, the defendant is not allowed to leave the shores of the country; consequently, he must deposit his international passport with the Deputy Registrar of the Court. However, the judge ruled that the defendant is to be remanded in the prison custody until his bail conditions were met. Justice Giwa-Ogunbanjo then adjourned commencement of trial to September 25, 26 and October 22, 26, 2019. Share this: Related Leave A Comment Below Related Tags:nigeria share on: FacebookTwitter Google +Pinterest Tumblr Linked InEmailSend to Email Address:Your NameYour Email AddressEmail check failed, please try againCancel previous articleCardinal Pell launches appeal against child sex conviction – Journal du Camerounnext articleKing Mohammed VI Pardons 107 Hirak Activists on Eid Al FitrRelated Posts431 shares Nigeria/June 27, 2019 /No Comment Mahmood Yakubu Says INEC Is Most Improved Public Institution in Nigeria448 shares Nigeria/June 27, 2019 /No Comment Procurement of 1000 AK-47 rifles was approved by Jonathan -Amosun reactsSee The Luxury SUV Innoson Will Give Winner Of Big Brother Naija Season 4 [PHOTOS]Aisha Buhari, NPA boss call for gender equality in maritime sector – Premium Times NigeriaBREAKING: Tribunal Dismisses INEC’s, Buhari’s Applications For Dismissal Of PDM’s PetitionTrump deportation threat sows panic among Florida migrants | The Guardian Nigeria News – Nigeria and World NewsSex-for-marks lecturers in trouble – VC warns – Daily Post Nigeria‘Shunning is not the answer’: Salah says Warda can change | The Guardian Nigeria News – Nigeria and World NewsBoko Haram kills 29 farmers in fresh Borno attack – Premium Times NigeriaBoko Haram kills 29 farmers in fresh Borno attack – Premium Times Nigeria Leave a Response Cancel reply CommentName Email Sign me up for the newsletter! Notify me of follow-up comments by email. Notify me of new posts by email.