Stella Oduah
BreakingCrimeTop StoryTrending Story

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

633

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

Breaking: Davido retires from music

David Adeleke, a.k.a. Davido, an award-winning Afrobeats sensation and master of the...

Reps ask CBN to suspend implementation of 0.5% cybercrime levy

The House of Representatives, during Thursday’s plenary session, has directed the Central...

Breaking: Ex-Aviation Minister Sirika, daughter, two others arraigned, granted N400m bail

A Federal Capital Territory High Court on Thursday granted Hadi Sirika, former...

Binance’s false bribery claim diversionary, says Information Minister

The Federal Government says it is aware of attempts by Binance to...

Breaking: Presidential aircraft’s technical fault forces VP Shettima to abort U.S. trip – spokesman 

A technical fault in the presidential aircraft forced Vice President Kashim Shettima...

Just In: FG not considering US-France military base in Nigeria, it’s false – Information Minister

The Federal Government has urged Nigerians to disregard the misinformation that the...

Nigerian woman, Prof. Rose-Margaret Ekeng-Itua, emerges world’s first black woman Ph.D. holder in Cybernetics

Prof. Rose-Margaret Ekeng-Itua, who dreamed about creating programs and technologies that will...

FG Unbundles Transmission Company of Nigeria

The Federal Government has announced the unbundling of the Transition Company of...

Nursing mother, her three-month-old baby, six others roasted in a Delta petrol tanker fire

In a desperate attempt to save her trapped three-month-old baby, a nursing...

Tinubu’s policies have salvaged Nigeria’s economy, money market, says VP Shettima

Vice President Kashim Shettima has said that President Bola Tinubu’s policies have...

Workers’ Day: Pres. Tinubu lauds workers’ fidelity to nation’s peace, development

President Bola Tinubu has praised Nigerian workers for their fidelity to the...

May Day: FG approves salary increase for civil servants

Ahead of Workers Day on May 1, the Federal Government has approved...

Zenith Bank shareholders approve bank’s restructuring to holding company

“The Founder and Chairman of Zenith Bank Plc, Jim Ovia, expressed his...

Pres. Tinubu meets Maersk Chairman, secures $600m investment in Nigerian Seaport Infrastructure

Tinubu meets Maersk Chairman, secures $600m investment in Nigerian Seaport Infrastructure President...

Fuel subsidy removal in Nigeria’s best interest, to reset economy –Pres. Tinubu in Riyadh

President Bola Tinubu has once again justified his administration’s decision to remove...

VP Shettima lauds Gov. Abiodun’s administration’s development drive

….. attendees include former President Olusegun Obasanjo, Attorney-General of the Federation and...

Breaking: Abeokuta gas tanker explosion claims four lives, ignites six vehicles

A gas tanker explosion in the Ita-Oshin area of Abeokuta, the Ogun...

Port Harcourt petrol tanker fire: Bereaved families to get govt. succour – Gov. Fubara

With about 70 automobiles consumed and five fatalities recorded in a petrol...

Jim Ovia is FG’s Nigerian Education Loan Fund’s board chair

President Bola Tinubu has approved the appointment of Mr. Jim Ovia, a...

Tinubu to Dutch PM: Nigeria’s lithium deposits can power world’s clean energy future

President Bola Tinubu says Nigeria’s high-grade lithium deposits are a catalyst for...