Justice Nicholas Oweibo of the Federal High Court in Lagos has ordered the remand of Abdullahi Babalele, son-in-law of Peoples Democratic Party (PDP) presidential candidate Alhaji Atiku Abubakar.
The Economic and Financial Crimes Commission (EFCC) arraigned him for allegedly laundering $140,000 during the general elections.
The commission also arraigned Atiku’s lawyer, Uyiekpen Giwa-Osagie and his brother Erhunse Giwa-Osagie, on a separate charge of laundering $2million.
Both were also remanded pending bail.
EFCC, in the two-count charge against Babalele, said he “procured” Bashir Mohammed on February 20 to make cash payment of $140,000 without going through a financial institution.
Prosecuting counsel Rotimi Oyedepo said the sum exceeded the amount authorised by law to be transacted in cash.
EFCC added that Babalele “aided” Mohammed to make a cash payment of $140,000 “without going through a financial institution”.
The alleged offence is contrary to Section 18(a) and (c) of the Money Laundering (Prohibition) Act, 2011 as amended and punishable under Section 16(2)(b).
EFCC accused Giwa-Osagie and his brother of “making cash payment of $2million without going through financial institution”.
It said the sum exceeded the amount authorised by law to be transacted in cash.
The three-count charge reads: “That you Uyiekpen Giwa-Osagie and Erhunse Giwa-Osagie, sometimes in February 2019 in Nigeria within the jurisdiction of this honourable court, conspired to commit an offence to wit: making cash payment of the sum of $2,000,000.00 (two million United State Dollars) without going through financial institution, which sum exceeded the amount authorised by law and you thereby committed an offence contrary to Section 18(a), and 1(a) of the Money Laundering (Prohibition) Act, 2011 as amended and punishable under Section 16(2)(b) of the same Act.
“That you Uyiekpen Giwa-Osagie, on or before the 12th day of February 2019 in Nigeria, within the jurisdiction of this honourable court, procured Erhunse Giwa-Osagie to make cash payment of the sum of $2,000,000.00 without going through financial institution.
“That you Erhunse Giwa-Osagie, sometimes in February 2019 in Nigeria, within the jurisdiction of this honourable court, made the payment of the sum of $2,000,000.00 without going through a financial institution, which sum exceeded the amount authorised by law…”
Justice Oweibo ordered the defendants’ remand in EFCC’s custody.
He fixed their bail hearing for Thursday.
