Abuja - Two men, including a Diamond Bank employee, on
Friday appeared in a Federal High Court, Abuja, charged with money laundering,
false declaration of assets and fraud to the tune of one million dollars.
Sada Adamu and Babatunde Faro, the bank worker, were
arraigned before Justice Nnamdi Dimgba by the Economic and Financial Crimes
Adamu was alleged to have made cash payment of the said sum
exceeding the N5 million threshold stipulated by law, to Faro.
According to the charge sheet, the accused committed the
crime on March 2, 2016 by paying the money directly to Faro without passing
through a financial institution.
The alleged offence is in breach of Section 1(a) of the
Money Laundering Act, 2011 as amended and punishable under Section 15(2)(b) of
the same Act, the charge said.
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The accused persons pleaded not guilty after the charges
were read to them.
Consequently, counsel to the EFCC, S. Ugwuebulam, asked the
court for a date to commence trial.
However, W. Y. Maman and W. T. Iorshe representing Adamu and
Faro respectively prayed the court to grant the accused persons bail pending
Justice Dimgba adjourned the case till Nov. 14 for ruling on
the bail application and ordered the accused persons to be remanded in Kuje
Spokesman for the EFCC, Mr Wilson Uwujaren, reported the proceedings
in a statement.
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