Lagos - The Economic and Financial Crimes
Commission (EFCC) on Thursday arraigned two men, Linus Chibuike and Nnamdi
Ojukwu, before a Federal High Court in Lagos charged with money laundering.
The accused, both businessmen, were each arraigned on a
one-count charge to which they pleaded not guilty.
Following an oral application for bail by their counsels, Mr
Abubakar Shamsudeen and Mr Chris Nwokedi, respectively, Justice Ibrahim Buba
granted them bail in the sum of N50 million each, with one surety each in like
Buba fixed Nov. 2 for substantive trial of the accused
Also read: EFCC drags Ibru to court over N2bn fraud
The News Agency of Nigeria (NAN) reports that the
prosecutor, Mr Latona Gbolahan, had told the court that the accused committed
the offence on Oct. 8.
He said that they were arrested by officers of the Nigeria
Customs Service (NCS) at Murtala Mohammed International Airport, Lagos.
According to the prosecutor, the accused were apprehended
during the outbound clearance of passengers on board a flight to China.
He said that the 2.5 million dollars and 2.9 million dollars
respectively, were recovered from the accused, adding that they failed to
declare the money to officers of the NCS as required by law.
The prosecutor alleged that Chibuike falsely declared the
sum of 11,500 dollars as being the only amount in his possession, while Ojukwu
failed to declare the money in his possession.
According to Nwokedi, the offence contravened the provisions
of section 2(3) and 2(5) of the Money Laundering Act, 201, as amended by Act No
1 of 2012.