The Economic and Financial Crimes Commission (EFCC) has perfected plans to arraign Mr. Uyiekpen Giwa-Osagie, who is said to be a lawyer to the presidential candidate of the Peoples Democratic Party (PDP), Alhaji Atiku Abubakar, for allegedly Thelaundering $2m in the build-up to this year’s general elections.
Giwa-Osagie was alleged to have handled the $2m cash without going through a financial institution.
Already, the EFCC has filed three counts against him before the Federal High Court in Lagos.
There are indications that Giwa-Osagie will be arraigned next week, alongside Erhunse Giwa-Osagie, said to be his brother
In a copy of the charge sheet sighted by our correspondent on Friday, the EFCC alleged that the Giwa-Osagie brothers conspired between each other to make a cash payment of $2m on February 12, 2019, without going through a financial institution.
EFCC lawyer, Mr. Rotimi Oyedepo, who signed the charge sheet, said the amount exceeded the threshold stipulated by the anti-money laundering law.
Oyedepo said the Giwa-Osagie brothers acted contrary to Sections 18(a) and 1(a) of the Money Laundering (Prohibition) Act 2011 and were liable to be punished under Section 16(2)(b) of the same Act.