he Economic and Financial Crimes Commission on Thursday told a Federal High Court, Lagos that there were 57 illegal cash transactions involved in the money laundering charges it preferred against the Speaker, Lagos State House of Assembly, Mr. Adeyemi Ikuforiji, and his aide, Mr. Oyebode Atoyebi.
At the commencement of the trial on
Thursday, the first prosecution witness, Mr. Adeniyi Adebayo, who is an
EFCC investigator, said the cash transactions were above the threshold
prescribed by the Money Laundering Act.
Both Ikuforiji and Atoyebi are being
prosecuted by the EFCC for 54 counts of allegedly receiving over N600m
from the Lagos State House of Assembly without passing through a
financial institution between April 2010 and July 2011.
The EFCC said the alleged offence contravened Section 18 (a) of the Money Laundering (Prohibition) Act 2011.
Adebayo, who was led in evidence by EFCC
counsel, Chief Godwin Obla (SAN), said the anti-graft agency in June
2011 received a petition which “was a complaint of siphoning of public
funds against the first accused person (Ikuforiji).”






