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Malaysian based Nigerian arrested over N58 Million money laundering

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The Economic and Financial Crimes Commission, EFCC, on Monday, June 3, 2019, summoned Okoroji Stanley Chinonso, a Malaysian based man, before Justice Folashade Giwa-Ogunbanjo of the Federal High Court, Abuja. He was summoned on a three-check charge verging on tax evasion.

Okoroji’s adventure to the dock began when he was secured by the officers of the Nigerian Police on December 28, 2018, in Imo state for supposedly taking an interest in composed wrongdoing. He was from that point given over to the EFCC on January 3, 2019, for further examination and arraignment.
Malaysian based Nigerian arrested over N58 Million money laundering
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.”

The 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.

Presiding 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.

Furthermore, 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 tje defendant is to be remanded in the prison custody until his bail conditions are met.

Justice Giwa-Ogunbanjo then adjourned commencement of trial to September 25, 26 and October 22, 26, 2019.

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