The Economic and Financial Crimes Commission (EFCC) is set to begin the trial of Mr. Uyiekpen Giwa-Osagie, a lawyer to former vice-president, Atiku Abubakar, for laundering $2m.
Giwa-Osagie was alleged to have handled the $2m cash without going through a financial institution shortly before the presidential elections in February.
the EFCC has filed three counts against him before the Federal High Court in Lagos, and he may be arraigned next week, alongside Erhunse Giwa-Osagie, said to be his brother
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In its suit, the EFCC alleged that the Giwa-Osagie brothers conspired between each other to make a cash payment of $2m on February 12, 2019, without going through a financial institution.
EFCC lawyer, Mr. Rotimi Oyedepo, said the amount exceeded the threshold stipulated by the anti-money laundering law.
Oyedepo said the Giwa-Osagie brothers acted contrary to Sections 18(a) and 1(a) of the Money Laundering (Prohibition) Act 2011 and were liable to be punished under Section 16(2)(b) of the same Act.
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