Chinyere Igwe
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14 days after arrest, Rep.Igwe arraigned for alleged $498,100 money laundering

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About 14 days after his arrest, a member of the House of Representatives for Port Harcourt City Local Government Constituency II, Chinyere Igwe, was on Wednesday arraigned at a Federal High Court in Port Harcourt, Rivers State for alleged money laundering.

Persecondnews recalls that Igwe was arrested with 498,100 dollars during a stop-and-search by the police about 2:45 am on February 24, 2023 ahead of the presidential/parliamentary polls.

The police said the suspect was apprehended close to the headquarters of the Independent National Electoral Commission (INEC) with a list for the distribution of the money.

At the arraignment of the defendant at Court 4, the Prosecution said the accused had in his possession and failed to make a report to the Central Bank of Nigeria and did not declare its transportation to the Nigerian Customs Service the amount.

The offence contravened Sections 1 (a), (1) (2) (3) of the Money Laundering (prohibition) Act, 2011 and punishable under Section 2 (5) of same Act.

Igwe pleaded not guilty to the charge and his lawyer applied for a bail application with the police raising objections.

Justice Stephen Daylop-Pam, after listening to the arguments and submissions adjourned untill March 14, 2023 for hearing of the bail application.

He directed that the accused be sent to Nigerian Police Clinic for attention on a medical report about his health.

 

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