The accused are standing trial on an amended 22-count charge bordering on fraud. Their re-arraignment was sequel to the transfer of the former trial judge, Justice Saliu Saidu from Lagos to the Port Harcourt Division of the Federal High court. The News Agency of Nigeria (NAN) reports that the plea of the accused were taken afresh before the new judge, Justice A.O Faji. Defence counsel urged the court to allow the accused to continue on the earlier bail granted by the previous judge.
Based on the applications of the counsel, the judge ruled that the accused should continue on their bails. At the last adjourned date, the EFCC had examined a prosecution witness, Mr Adamu Yusuf, who told the court how the accused converted about N4.9 billion to dollars. Yusuf said the accused used different companies and accounts to launder billions of money from the account of the Joint Task Force Operation. The witness further testified that during investigation, letters of request were sent to GTbank, Heritage Bank, Diamond Bank, Stanbic-IBTC Bank, as well as First City Monument Bank (FCMB) demanding the account statements of beneficiaries of the account.
The anti-graft agency had alleged that the accused conspired to defraud NIMASA of N8.5 billion using six companies, namely — Jagan Ltd, Jagan Trading Company Ltd, Jagan Global Services Ltd, Al-Nald Ltd, Paper Warehouse Ltd, Eastpoint Integrated Services Ltd and De-Newlink Integrated Services Ltd.
The EFCC claimed that the accused committed the fraud between Sept. 5, 2014 and May 20, 2015 in contravention of Section 18(a) of the Money Laundering (Prohibition) (Amendment) Act, 2012 and Section 390 of the Criminal Code Act, Laws of the Federation, 2004. The court has fixed Feb. 13 and Feb. 17 for commencement of trial.
