Monday, October 26, 2020

Nigeria: EFCC charges woman with collecting N22.9bn from former NSA Dasuki in money laundering case

-

The Economic and Financial Crimes Commission will on Monday (today) arraign one Mrs Isabella Oshodin and Bob Oshodin Organisation Ltd at the Federal High Court sitting in Abuja for N22.9bn fraud and money laundering.

The commission disclosed that they would be arraigned before Justice Taiwo Taiwo on 25 counts for receiving the money fraudulently from the former National Security Adviser, Col. Sambo Dasuki (retd.).

According to a statement in Abuja on Sunday by the acting EFCC spokesman, Tony Orilade, Oshodin and her firm allegedly received $57.3m and N2.3bn from Dasuki.

The defendants were said to have on 16 occasions received the money in the sums of N500m; N750m; N125m; N350m; N170m; N85m; N60m; N50m and others totaling  N2.366bn.

Related: Nigeria: Former NSA, Sambo Dasuki want fraud case adjourned indefinitely
- Advertisement -

EFCC investigations revealed that the defendants also on eight occasions received $57.2m in escrow accounts of Bob Oshodin Organisation Ltd, in contravention of Section 15 (2) (b) of the Money Laundering (Provision) Act, 2011 as amended in 2012.

Count two of the 25 counts read, “That you, Mrs Isabela Mimie Oshodin, Bob Oshodin Organisation Ltd and Mr Robert Oshodin (still at large) on or about June 22, 2014, in Abuja within the jurisdiction of this honourable court directly transferred the sum of $7, 712, 598 to one Portfolio Escrow Company with account number 3102004330 domiciled in California Republic Bank, United States of America which sum you reasonably ought to have known to be proceed of an unlawful act of Sambo Dasuki, the then National Security Adviser to wit: criminal breach of trust and you thereby committed an offence contrary to Section 15 (2) (b) of the Money Laundering (Provision) Act, 2011 as amended in 2012  and punishable under Section 15(3) of the same Act.”

- Advertisement -
- Advertisement -

MUST READ

Julius Baer to deny two former CEOs their bonuses over money laundering scandal

Julius Baer will withhold millions of francs in bonuses from its former chief executives Boris Collardi and Bernhard Hodler, as a result of a...

Goldman Sachs executives to cover part payments of $3 billion fines in 1MDB scandal

Nine current or former Goldman Sachs executives, including CEO David Solomon, will have to pay back hundreds of millions of dollars in compensation over...

Goldman Sachs agrees $3 billion settlement with US DoJ over 1MDB corruption scandal

Goldman Sachs has agreed to pay nearly $3bn (£2.3bn) in the US to end a probe of its role in Malaysia's 1MDB corruption scandal. The...

Hong Kong fines Goldman Sachs $350 million over 1MDB scandal

Goldman Sachs ignored multiple red flags over the multibillion-dollar fundraisings it arranged for state fund 1Malaysia Development Berhad, Hong Kong’s financial regulator said on...

Texas attorney general Ken Paxton fires top aide who accused him of bribery

Lacey Mase, one of the top aides who accused Texas Attorney General Ken Paxton of crimes including bribery and abuse of office, has been fired, she told The...

Subscribe For More

Get our daily notification on the latest financial crimes news around the World

Advertisement
Advertisement

Latest News

This Week

Berkshire Hathaway to pay $4.1m to settle Iran sanctions violation

Berkshire Hathaway Inc. has agreed to pay roughly $4.1 million to settle allegations that a Turkish subsidiary violated U.S. sanctions on Iran. The U.S. Treasury Department on...

Texas AG Ken Paxton fires second whistleblower who accused him of bribery

A second whistleblower has been fired from the Texas attorney general’s office after reporting his boss, Texas Attorney General Ken Paxton, to law enforcement for...

Guatemala seeks arrest of ex-minister linked to a $16m cash discovery

Guatemalan prosecutors are seeking the arrest of the former communications minister for ex-President Jimmy Morales on money laundering charges after finding a connection to...

Former Blue Bell Creameries CEO indicted for fraud linked to 2015 listeria outbreak

The former president and CEO of Blue Bell Creameries L.P., a Texas ice cream company, was indicted Tuesday on wire fraud charges in connection with a scheme...
Advertisement

Adblock Detected!

Our website is made possible by displaying online advertisements to our visitors. Please consider supporting us by whitelisting our website.

Enable Notifications    Ok No thanks