Monday, 20 July 2015

First Bank Plc Faces Money Laundering Charge

A federal high court sitting in Lagos, Southwest Nigeria has adjourned till after vacation hearing in a three count criminal charge of money laundering filed against First Bank of Nigeria Plc by Peep ‘N’ Pick Bureau de Change Limited and seven other accused persons.

According to the said criminal charge filed before the court by Mr K.A. Salawu principal state counsel from the office of the Attorney General of the Federation, a manager of FirstBank, Juliana Ifeyinwa Ochuka, First Bank Plc, Jenifer Osaseri Anasodo, Titilope Nasir Balogun, Aderonke Adedayo, Joy Ngosi Nnoruka, Caleb Chukwuka Ezeh, Oluwabunmi Afolashade Olujobi, Peep ‘N’ Pick Bureau De Change Ltd and others at large on or about 22nd of May 2014 conspired together to launder the sum of 1.9 million dollars, the source of which was unlawful and thereby committed an offence contrary to and Punishable under sections 15 (3) and 18(a) of Money Laundering (prohibition) Act.The money whose source was unlawful was alleged to have been laundered through three different accounts open with the bank by one of the senior managers of the bank.
In an affidavit sworn to by Mrs Felicia Des-Dordes, chief Litigation Clerk in the office of the Attorney General of the federation, and filed before the court, the Deponent averred that all investigation into the case had been concluded and Mr K A Salawu in his position as prosecutor alleged that, prima facie case exists against the FirstBank Plc and all the accused persons.

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