Money Laundering: AGF Seeks to Take over Ogunlewe’s Case

Money Laundering: AGF Seeks to Take over Ogunlewe’s Case

The trial of Akinola Ogunlewe, who is being prosecuted by the Economic and Financial Crimes Commission, EFCC, alongside Babajide Soyode for offences bordering on money laundering, continued on March 10, 2020 with a counsel, S.M. Labaran, telling the Court that the Attorney General of the Federation, AGF, had shown interest to take over the matter.

The defendants were first arraigned on January 21, 2020 before Justice A.R. Mohammed of a Federal High Court, Abuja, on a five-count charge bordering on money laundering to which they pleaded “not guilty”.

Count three of the charges reads: “That you, Akinola Ogunlewe and Abolaji Ogunlewe (at large) sometime in 2013, in Lagos, within the Lagos Judicial Division of the Federal High Court, being directors in BCE Consulting Engineers Limited a Designated Non-Financial Institution (“DNFI”) aided the said company in failing to comply with the requirements of submitting to the Federal Ministry of Industry, Trade and Investment, a declaration of its activities as specified under section 5 (1)(a) of the money laundering (Prohibition) Act, 2011 (As amended) and you there by committed an offence contrary to section 18(a) of the money Laundering (Prohibition) Act,2011 (As amended) and punishable under Section 16 (2) (b) of the same Act.”

Appearing for the AGF, Labaran told the court that the AGF’s attention had been drawn to the matter and had shown interest to take over the matter.

In view of the interest shown by the AGF, counsel for the first, second, third, fourth and fifth defendants, Ebun-Oluwa Adegboruwa, and the prosecution counsel, Bala Sanga, agreed to return before the court on April 7, 2020, to report on an out-of-court settlement.

Tony Orilade
Acting Head, Media & Publicity