EFCC arraigns man, firm for alleged laundering $2.9m, N46m

An Abuja based businessman, Babatunde Morakinyo alongside his company, Renocon Properties Development Limited, were today arraigned before a Lagos Federal High Court, for allegedly laundering the sum of $2. 290,70 million and N46 million respectively. Both Babatunde and his company were arraigned of six counts charge offences  bordering on conspiracy and money laundering, before the court presided over Justice Rilwan Aikawa, by the Economic and Financial Crimes Commission (EFCC) Arraigning the defendant and his firm in a charge marked FHC/L/94c/2020, the prosecutor, Ebuka Okongwu, told the court that the defendants committed…

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