The Economic and Financial Crimes Commission arraigned two men, Taiwo Oluwadahunsola and Adebola Adetayo, before an Ikeja Special Offences Court for allegedly laundering the sum of N999 million on Thursday.
A company, Green Eagles Agribusiness Solution Limited, was also arraigned alongside the defendants on a 19 charges, bordering on money laundering, conspiracy to steal, stealing and offences related to dishonoured cheque.
However, the defendants pleaded not guilty to the charges preferred against them.
The EFCC counsel, Bilikisu Buhari, prayed the court for a trial date to enable the prosecution prove its case against the defendants, following their not-guilty plea.
The defence counsel, Williams Ugwu, however, informed the court of a bail application for the defendants.
Justice Olubumni Abike-Fadipe granted the defendants’ bail in the sum of N50 million, with two sureties in like sum.
Abike-Fadipe ordered that the defendants be remanded in Ikoyi Correctional Centre, pending the perfection of the bail conditions.
The judge adjourned the case till July 6 for trial.
Credit: NAN