Stella Oduah
BreakingCrimeTop StoryTrending Story

Update: Ex-Minister Oduah, eight others docked for alleged laundering of N7.9bn

867

A former Aviation Minister, Sen. Stella Oduah, was finally on Friday arraigned in court by the Economic and Financial Crimes Commission (EFCC) after three years of delaying her prosecution.

Oduah and eight others are facing a 25- count charge before a Federal High Court in Abuja.

The former minister, who served from 2011 to 2014 in the ex-President Goodluck Jonathan administration, is being prosecuted over an alleged laundering of public funds to the tune of N7.9 billion.

Persecondnews reports that the defendants, however, entered a “not guilty” plea.

Oduah, who represented Anambra North in the Senate and her aide were accused by the anti-graft agency for transferring the sum of N1,629,250,000.00 from I-Sec Security Nig. Ltd account No. 2021756955 with First Bank Plc to Global Offshore and Marine Ltd. account No. 2022977296 also domiciled with First Bank, on February 24.

The defendants were also accused of running “anonymous Private Banking Nominee Account No. 2024414450 with First Bank Plc and thereby committed an offence contrary to Section 11(1) of the Money Laundering (Prohibition) Act 2011 (As Amended) and punishable under Section 11(4) (a) of the same Act.”

The were also indicted for opening a Dollar account “anonymous Private Banking Nominee Account No. 2024414450 with First Bank Plc and thereby committed an offence contrary to Section 11(1) of the Money Laundering (Prohibition) Act 2011 (As Amended) and punishable under Section 11(4) (a) of the same Act.”

Justice Inyang Ekwo, who is trying the case, ordered the EGCC to transfer the case file to the office of the Attorney General of the Federation for a “meticulous prosecution” of the defendants

The case has been adjourned until October 17 for trial.

Leave a comment

Related Articles

Abuja, Anambra stampede fatalities: Pres. Tinubu cancels official engagements, mourns

President Bola Tinubu has cancelled his official events in Lagos as a...

Deadly Stampede in Abuja: Police Report 10 Fatalities, Several Injuries

A food distribution event at Holy Trinity Catholic Church in Maitama turned...

Breaking: NNPC Ltd. Slashes Petrol Price to N899 Per Litre

The Nigerian National Petroleum Company Limited (NNPC Ltd) has announced a significant...

No Shutdown: NNPC Ltd. Denies Report on Old Port Harcourt Refinery

The Nigerian National Petroleum Company Limited (NNPC Ltd) has dismissed reports that...

Breaking: Kogi Governor, Yahaya Bello, Regains Freedom After Meeting Bail Terms

Former Kogi State Governor Yahaya Bello has been released from Kuje Custodial...

Justice Minister slams Edo Gov. Okpebholo over suspension of LG chairmen, declares it illegal

The Attorney-General of the Federation and Minister of Justice, Prince Lateef Fagbemi,...

Cyber attack hits National Bureau of Statistics website, recovery process initiated

The National Bureau of Statistics (NBS) announced on Wednesday night that its...

Alleged N110bln money laundering charge: Court admits Yahaya Bello to another N500m bail

Yahaya Bello, the immediate past Governor of Kogi State, has been granted...

Updated: 32 feared dead in Ibadan funfair tragedy: Ooni’s ex-wife, others arrested

At least, 32 children were feared killed during a stampede at a...

Ibadan Children’s Carnival Turns Deadly: Multiple Fatalities and Injuries Reported

Tragedy struck in Ibadan, the Oyo State capital, as a devastating stampede...

Breaking: Pres. Tinubu Presents “Budget of Restoration of “N4.96trn for 2025, Allocating N4.9trn for Security

President Bola Tinubu has presented a proposed budget of N4.96 trillion for...

N4.9trn budget presentation: Tinubu presents 2025 budget, declares 10th NASS members re-elected

President Bola Tinubu made a surprising declaration during his 2025 budget presentation...

Just in: Tinubu presents N47.9trn budget amid tight security at National Assembly

A heavy security presence has been deployed at the National Assembly complex...

NNPC Ltd. Secured $1bln Loan to Support Dangote Refinery, Facilitates $3bln Gazelle Loan – Soneye

The Nigerian National Petroleum Company Limited (NNPC Ltd) has said that it...

Port Harcourt refinery operating smoothly, say labour, oil workers on fact-finding mission

A recent fact-finding visit by labour leaders has dispelled the uncertainties surrounding...

Rescheduled: Pres.Tinubu to present N47.9trn 2025 budget on Dec. 18

President Bola Tinubu has rescheduled the presentation of the N47.9 trillion 2025...

UniAbuja Renamed Yakubu Gowon University in Honour of ex-Nigerian Leader

The Federal Executive Council (FEC) has given the green light to rename...

Tragedy as Benue boat mishap claims 20 lives, 11 rescued

A boat mishap on River Benue has claimed 20 lives in the...

Tinubu Chairs 66th ECOWAS Summit to Address Regional Instability

President Bola Tinubu is currently chairing the 66th Ordinary Summit of the...

Nigeria’s First Lady empowers girls’ education in Osun with alternative school launch, donates N50m

Nigeria’s First Lady Oluremi Tinubu has inaugurated an Alternative High School for...