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Ex-banker, wife arraigned over N377m money laundering charges

Ex-banker, wife arraigned over N377m money laundering charges

The Economic and Financial Crimes Commission, EFCC on Tuesday arraigned a couple, Mrs. Ovuomarhoni Naomi Isidoro and Rowley Isioro before the Lagos State Special offences Court in Ikeja over allegations of laundering N377 million.

The couple were arraigned before Justice Mojisola Dada alongside their companies, Multaid Plus Limited and Global Investment Network on a seven-count charge bordering on conspiracy to commit felony to wit money laundering, receiving fraudulently obtained property, transfer of criminal proceed to nominee and money laundering to the tune of $975,424.

The defendants allegedly received monies from an illegal activities carried out by a Nigerian based in the United States of America, Michael Uziewe (at large) with the aim of assisting him bring the proceeds made from his illegal activities into Nigeria.

The defendants were said to have used their companies with the corporate accounts domiciled in the bank where the second defendant, Rowley Isioro was an Assistant General Manager to launder the above mentioned amount for Michael Uziewe.

They both pleaded not guilty to the charges.

One of the charges reads: “That you Ovuomarhoni Naomi Isidoro, Rowley Isioro, Marhoni General Services Limited, Multaid Plus Limited, Michael Uziewe (at large) and Global Investment Network sometime in 2016, at Lagos within the jurisdiction of this Honourable Court conspired amongst yourselves to launder money which represents proceeds of illegal activities of Michael Uziewe in the United States of America.”

Another charge reads: ” That you Ovuomarhoni Naomi Isidoro, Rowley Isioro, Marhoni General Services Limited, Multaid Plus Limited, Michael Uziewe (at large) and Global Investment Network sometime in 2017 at Lagos within the jurisdiction of this Honourable Court laundered an aggregate sum of $975,424 on behalf of Michael O. Uziewe (at large) and Global Investment Network through your bank accounts in order to disguise the origin of the money which represents proceeds of illegal activities of Michael O. Uziewe in the United States of America.”

After their plea were taken, the EFCC counsel, Mohammed Bashir urged the court for a trial date and prayed the court to remand the couple in the correctional centre.

The defence counsel to the defendants, Sam Imoisini informed the court that applications for bail have been filed on behalf of his clients and that the applications were served on the prosecution this morning.

Bashir confirmed receiving a copy of the application but told the court that he needed time to respond to it.

Based on the development, Justice Dada adjourned the case till December 10, 2019 for hearing of bail application and remanded the couple at the Correctional Centre pending the determination of their bail applications.

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