Lagos - A Federal High Court in Lagos on Monday remanded a Malaysia-based Nigerian student, Hope Aroke, in prison custody over alleged money laundering to the tune of N31 million.
Justice Mohammed Idris gave the order at the arraignment of Aroke, 25, who is standing trial with his alleged accomplice, Tafida Ibrahim, on a four count charge of money laundering.
The alleged accused had both pleaded not guilty to the charges.
Idris, however, allowed Tafida , who had been granted police administrative bail to continue with his bail terms.
Mr Walter Ozioko, counsel to the Economic and Financial Crimes Commission told the court that the accused were arrested in December 2012, at the 1004 Flats, Victoria Island, Lagos, following a tip-off.
He said that Aroke, an indigene of Okene, Kogi, claimed to be a student of Computer Science at the Kuala Lumpur Metropolitan University, Malaysia, while Ibrahim was a Bureau De Change operator.
Ozioko said that investigations revealed that through his accomplice, Aroke was able to launder proceeds of multiple scams to the tune of over N31 million.
The prosecution said that the alleged fraudulent acts were perpetuated through a Zenith Bank domiciliary account operated by Tafida.
He said that the accounts bore the names of two fictitious companies, Hope and Oyin Ltd. and Taofida Gado Investments.
The counsel said that when Aroke was arrested, a search was conducted by EFCC operatives on his residence.
He said that several incriminating documents were recovered such as laptops, iPad phones, travelling documents, cheque books, flash drives, internet modem and three exotic cars.
Ozioko told the court that over 80 incriminating documents were retrieved from the laptops recovered from the first accused.
He said that the alleged offences contravened Section 14 of the Money Laundering Act, 2004.
Justice Idris thereafter adjourned the case to Jan. 25, for hearing of bail application of Aroke.