The Economic and Financial Crimes Commission (EFCC), Thursday told a Federal High Court sitting in Lagos that there were 57 illegal cash transactions involved in the money laundering charges it brought against the Speaker, Lagos State House of Assembly, Mr. Adeyemi Ikuforiji, and his aide, Mr. Oyebode Atoyebi.
During the commencement of the trial on Thursday, the first prosecution witness, Mr. Adeniyi Adebayo, who is an EFCC investigator, said the cash transactions were above the threshold prescribed by the Money Laundering Act.
Ikuforiji and his aide Atoyebi, are being prosecuted by the EFCC for 54 counts of allegedly receiving over N600m from the Lagos State House of Assembly without going through a financial institution between April 2010 and July 2011.
The EFCC said the alleged offence was in contravention Section 18 (a) of the Money Laundering (Prohibition) Act 2011.
Adebayo, who was led in evidence by EFCC counsel, Chief Godwin Obla (SAN), said the anti-corruption agency in June 2011 received a petition which “was a complaint of siphoning of public funds against the first accused person (Ikuforiji).”
The witness, upon being asked by the EFCC counsel Obla, told the court, presided over by Justice Ibrahim Buba, that investigation conducted by his team, revealed that “57 cash transactions” were involved in the charges.
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