The Economic and Financial Crimes Commission (EFCC) will arraign the Bauchi State Commissioner for Finance, Yakubu Adamu, for alleged N4.6 billion money laundering at the Federal High Court, Abuja, on Wednesday.
The commission will arraign Adamu, alongside a firm, Ayab Agro Products and Freight Company Limited, on a six-count charge of money laundering.
Alhough Adamu and his co-defendant were to take their plea on Tuesday, the case could not proceed due to the absence of the EFCC’s lawyer and the defendants.
However, the defendants’ team of lawyers, led by Chief Gordy Uche (SAN), was in court.
Justice Emeka Nwite, thereafter, adjourned the matter till December 24 for plea.
The charge is dated and filed on December 19 by Samuel Chime at the Legal and Prosecution Department of EFCC.
They were alleged to have facilitated and agreed to the conversion, transfer, concealment and use of funds in the sum of about N4,650,000,000.00 availed by Polaris Bank under the guise of financing the supply of motorcycles to Bauchi State Government through Emmanuel Asomugha General Enterprises.
“The motorcycles were not supplied, and you thereby committed an offence contrary to Section 21(a) and punishable under Section 21 of the Money Laundering (Prevention and Prohibition) Act, 2022,” one of the charges read.
The funds were said to formed part of proceeds of an unlawful act.
The offence is contrary to Section 20(a) and punishable under Section 20 of the Money Laundering (Prevention and Prohibition) Act, 2022, among other counts.
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