• Contact Us
  • About Us
Wednesday, July 30, 2025
  • Login
MetroBusinessNews
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
MetroBusinessNews
No Result
View All Result
ADVERTISEMENT
Home News

Absence of judge stalls arraignment of ex-NIA D-G, wife over alleged $205m fraud

metro by metro
March 18, 2019
in News
0
0
SHARES
0
VIEWS

EFCCThe absence of Justice Chukwujekwu Aneke of a Federal High Court in Lagos, Monday, stalled the arraignment of former Director-General of the National Intelligence Agency (NIA), Amb. Ayo Oke and his wife Folashade, over 205 million dollars crime concealment.

The defendants are charged before Justice Aneke by the Economic and Financial Crimes Commission (EFCC), on counts of Money Laundering, fraud, concealment of crime proceeds, and criminal breech of trust.

Read Also

Cameroon Election Board Bars Kamto, Key Contender to Paul Biya

France To Recognise Palestinian State In September, Macron Says

Coalition Leaders Will Support Whoever Emerges As ADC Presidential Candidate- Amaechi

The News Agency of Nigeria (NAN) reports that the case which was earlier billed for arraignment of the defendants, was on Monday, further adjourned to a date that will be communicated to parties, as the court did not sit.

The judge is said to away on an of official assignment.

On Feb. 7, the court had issued a bench warrant for the arrest and production in court of the defendants, following an application moved by the prosecutor, Mr Rotimi Oyedepo.

According to the charge, on April 12, 2017, the accused indirectly concealed the sum of 43.5 million dollars, property of the Federal Government of Nigeria in Flat 7B, No. 16, Osborne Road, Osborne Towers, Ikoyi, Lagos.

The accused were also alleged to have between Aug. 25, 2015 and Sept. 2, 2015 in Lagos, indirectly used the sum of 1.7 million dollars, property of the Federal Government of Nigeria to acquire Flat 7B, No. 16, Osborne Road, Osborne Towers, Ikoyi, Lagos.

The prosecution also alleged that the defendant directly converted the sum of 160.8 million dollars property of the Federal Government of Nigeria, to their own use .

The prosecution said that the defendant reasonably ought to have known that the said sums formed part of the proceeds of an unlawful act of criminal breach of trust and concealment of crime proceeds.

The offence, the EFCC said, contravened the provisions of sections 15, 15 (2), 15(2)(d) and 15 (3) of the Money laundering prohibition Act, 2015.

Tags: Amb. Ayo OkeEFCC
Previous Post

Court adjourns N100m suit against Diamond Bank until May 8

Next Post

I am not afraid of rerun—Lalong

Related Posts

Sad As Cameroon’s Biya, 92, Announces Bid For Eighth Presidential Term 
News

Cameroon Election Board Bars Kamto, Key Contender to Paul Biya

July 26, 2025
France To Recognise Palestinian State In September, Macron Says
News

France To Recognise Palestinian State In September, Macron Says

July 24, 2025
Coalition Leaders Will Support Whoever Emerges As ADC Presidential Candidate- Amaechi
News

Coalition Leaders Will Support Whoever Emerges As ADC Presidential Candidate- Amaechi

July 23, 2025
NiMet Predicts Three Days Of Heavy Rainfall In Ogun, Five Other States
News

Lagos, Kogi, Borno, 25 Others & Abuja Get Fresh 2 Weeks Flood Alert From NIHSA

July 22, 2025
Next Post

I am not afraid of rerun—Lalong

BTS Expands Presence in Africa Launching New Office in Nairobi, Kenya

July 30, 2025
Ogoniland oil spill

Oil Steady After Big Gains On Trump’s Russia Ultimatum

July 30, 2025
Magnitude 8.6 Earthquake Strikes Off Russia’s Kamchatka, Sparks Tsunami Warnings, USGS Says

Magnitude 8.6 Earthquake Strikes Off Russia’s Kamchatka, Sparks Tsunami Warnings, USGS Says

July 30, 2025
MetroBusinessNews

© 2022 Metro Business News

Navigate Site

  • Contact Us
  • About Us

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate

© 2022 Metro Business News

Go to mobile version