October 16, 2024
EFCC Challenges Former Speaker Ikuforiji’s Acquittal in Money Laundering Case
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EFCC Challenges Former Speaker Ikuforiji’s Acquittal in Money Laundering Case

EFCC Challenges Former Speaker Ikuforiji’s Acquittal in Money Laundering Case
EFCC Challenges Former Speaker Ikuforiji’s Acquittal in Money Laundering Case

The Economic and Financial Crimes Commission, EFCC, has filed an appeal against the acquittal of former Lagos Assembly Speaker Adeyemi Ikuforiji in a money laundering case. 

The former Speaker and his aide, Oyebode Atoyebi, were initially charged in 2012 with laundering ₦338.8 million. They were acquitted in 2014, with the court ruling the EFCC failed to prove the charges. The EFCC’s appeal claims the lower court erred by ignoring evidence of illegal cash payments. 

Also Read: Nigerian Stock Market Slips 0.01%, Trading Volumes Drop 22%

The Appeal Court had previously ordered a retrial, and the Supreme Court upheld this ruling. Despite a fresh trial ending in acquittal, the EFCC is again challenging the decision. A hearing date is pending.

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