Ex-minister, SAN arraigned for Money Laundering

by on February 9, 2017
The Economic and Finan­cial Crimes Commission on Wednesday arraigned a Senior Advocate of Nigeria, Dele Belgore, for alleged money laundering.
The SAN was arraigned alongside a former Minister of National Planning, Abuba­kar Suleiman, before Justice R. M. Aikawa of the Federal High Court, Lagos.
Suleiman, a professor of Po­litical Science and International Relations at the University of Abuja, and Belgore, a former governorship aspirant in Kwara State, were accused of launder­ing N500 million.
The EFCC alleged that the SAN and the don conspired to commit the offense on March 27, 2015.
They were accused of making two separate cash payments of N450 million and N50 million on March 27, 2015, without go­ing through any financial institu­tion.
The EFCC claimed that the defendants paid the N50 million to one Sheriff Shagaya.
The EFCC said that the mon­ey was above the lawful thresh­old permitted under the Money Laundering (Prohibition) Act.
The EFCC claimed that the defendants “ought to have rea­sonably known that the N450 million and N50 million formed part of the proceeds of an unlaw­ful act.”
Belgore and Suleiman were accused of violating Sections 1(a), 16(d), 15(2)(d) and18(a) of the Money Laundering (Prohibi­tion) (Amendment) Act, 2.

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