Diezani Madueke Charged With Money Laundering

The Economic and Financial Crimes Commission (EFCC) jas
today (Wednesday 5th April) arraigned a former Minister of
Petroleum Resources, Diezani Allison-Madueke, and three
others with money laundering.

Allison-Madueke, who was described in the charge as “still at
large”, is charged alongside, three officials of the
Independent National Electoral Commission (INEC) on seven
counts of money laundering.

They are: Christian Nwosu, Yisa Olarenwaju and Tijani Bashir.
The charges were read over to the three accused at the
Federal High Court, Lagos who were present in court, and
Nwosu, pleaded guilty to the charges, while Adedoyin and
Bashir pleaded not guilty to the charges.

The prosecutor, Mr Rotimi Oyedepo then informed the trial
judge, Justice Mohammed Idris that Nwosu had elected to
enter into plea bargain with the EFCC.

Oyedepo added that already Nwosu had made a refund of N5
million and surrendered the title document of a landed
property he purchased for N25 million in Delta State.

Reacting, Nwosu’s lawyer, Mrs Adeku Nbangba, confirmed
the position and pleaded with Justice Idris to temper justice
with mercy in deciding the fate of the accused.

The judge adjourned till April 7, for sentencing and ordered
that Nwosu be remanded at the EFCC custody.

Meanwhile, the judge granted bail in the sum of N50 million
each to Adedoyin and Bashir, adding that they should deposit
their international passport with the court’s registrar.

The prosecution had alleged that the accused committed the
offence on March 27, 2015 by accepting bribe from the ex-
petroleum minister.

They were also alleged to have conspired to take possession of
the sum of about N264 million which sum they reasonably
ought to have known formed part of the proceeds of an
unlawful act of gratification.

The accused were also said to have made cash payments of
the sum of about N235 million, which sum exceeded the
amount authorized by law, without going through a financial
Institution.

EFCC further alleged that Bashir (fourth accused) also made
cash payment of about N70.1 million to Adedoyin (third
accused) without going through a financial institution and
which sum exceeded the amount authorized by law.

The prosecution also alleged that Bashir also directly took
possession of the sum of about N165 million which sum he
ought reasonably to have known formed part of an unlawful
act of gratification.

In count seven, Nwosu (second accused) was alleged to have
directly used the sum of N30 million which he ought to have
known formed part of an unlawful act of gratification.

The offences are said to have contravened the provisions of
sections 15 (3), 16 (2) and 18 (a) of the Money Laundering
Prohibition Amendment Act, 2012.

NAN

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