EFCC Re-arraigns Ex-Lagos Speaker Ikuforiji And His Aide For Allegedly Laundering N338.8m

The EFCC, Lagos Zonal office, on Wednesday, December 11, 2019, re-arraigned a former Speaker of the Lagos State House of Assembly, Adeyemi Ikuforiji alongside his former aide, Oyebode Alade, before Justice Mohammad Liman of the Federal High Court sitting in Ikoyi, Lagos on a 54-count charge bordering on conspiracy and money laundering to the tune of N338.8 million.
 

Ikuforiji and Atoyebi, were alleged to have sometime between April 2010 and July 2011 in Lagos, accepted various cash payments amounting in the aggregate to the sum of N338, 801, 442 (Three Hundred and Thirty-Eight Million, Eight Hundred and One Thousand, Four Hundred and Forty Naira) only from the Lagos State House of Assembly without going through a financial institution and thereby committed an offence contrary to Section 18 (a) of the Money Laundering Prohibition Act 2011 and punishable under Section 16 (2) (b) of same Act....