News

Alleged $2m Fraud: Court Dismisses Money Laundering Charge Against Atiku’s Lawyer, Uyi Giwa-Osagie

Alleged $2m Fraud: Court Dismisses Money Laundering Charge Against Atiku’s Lawyer, Uyi Giwa-Osagie

 

 

Justice Chukwujekwu Aneke of the Lagos High Court on Monday dismissed the $2million money laundering charge filed by the Economic and Financial Crimes Commission (EFCC) against Uyiekpen Giwa-Osage, a lawyer to former Vice President, Atiku Abubakar.

The judge held, among others, that the EFCC failed to establish that the money was obtained illegally.

The EFCC had filed a three-count against the senior lawyer for allegedly laundering $2million in the build-up to the 2019 general elections.

Also named in the charge was Erhunse Giwa-Osagie, who is said to be his brother.

The EFCC alleged that the two defendants conspired with each other to make a cash payment of $2million on February 12, 2019, without going through a financial institution.

The offence is said to be contrary to Sections 18(a) and 1(a) of the Money Laundering (Prohibition) Act 2011 and were liable to be punished under Section 16(2)(b) of the same Act.

Both men had pleaded not guilty at their arraignment before the court in August 2019.

Angela Davies

Recent Posts

Ekiti Governor Honours Primate Ayodele’s Late Father, Names Street After Him

The governor of Ekiti state, Biodun Oyebanji has honoured Primate Elijah Ayodele’s late father by…

11 hours ago

Star Life: Saras & Kumud Teasers November 2024

Star Life's new series, Saras & Kumud teasers November 2024, can be accessed below.  …

21 hours ago

Polaris Bank Clinches “Best Mobile App” Award At Digital Jurist Awards 2024

Polaris Bank clinched the "Best Mobile App" award at the Digital Jurist Awards 2024.  …

21 hours ago

Access Holdings’ Total Assets Grows to ₦41.1 Trillion in Q3

Access Holdings’ total assets grew to ₦41.1 trillion in Q3.   Glamtush reports that Access…

22 hours ago

Nigeria Ranks Fifth Globally In Daily Social Media Usage (FULL LIST)

Nigeria has been ranked fifth globally in daily social media usage.   Glamtush reports that…

23 hours ago

Saras & Kumud Premieres On Star Life (Synopsis, Full Story, Casts)

Saraswatichandra, retitled Saras & Kumud, is Star Life’s upcoming series, which is a shift from…

23 hours ago