The Economic and Financial Crimes Commission (EFCC), on Friday, arraigned Sada Adamu and Babatunde Faro at the Federal High Court Maitama in Abuja over charges of money laundering, false declaration of assets and fraud, to the tune of one million dollars.
This is contained in a statement issued by Mr. Wilson Uwujaren, Head of Media & Publicity of EFCC and made available to News Agency of Nigeria (NAN), in Abuja on Friday.
One of the counts reads:
“That you, Sada Adamu, on or about the 2nd day of March 2015 in Abuja made a cash payment of One Million Dollars being an amount exceeding Five Million Naira to Babatunde Faro.
“You thereby committed an offence contrary to Section 1(a) of the Money Laundering Act 2011 as amended and punishable under Section 15 (2) (b) of the same Act”, he said.
However, the accused persons pleaded not guilty to the charges.
Counsel to the accused, W. Y. Maman and W. T. Iorshe prayed the court to grant them bail pending the commencement of trial.
Counsel to EFCC, S. A. Ugwuebulam, asked the court for a date to commence trial.
Justice Nnamdi Dimgba adjourned the case to Nov. 14 to rule on the application for bail and ordered the accused persons to be remanded in Kuje prison.
[NAN]
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