The Economic and Financial Crimes Commission (EFCC) has charged an Indian named Chandra Prakash Singh with money laundering in the Federal High Court in Lagos.
According to an EFCC statement released on Thursday, Singh appeared before Justice Nicholas Oweibo on a seven-count charge of attempted theft of more than $200,000 (92,088,000).
According to the anti-corruption agency, Singh allegedly transferred $90,000 from a United Bank for Africa (UBA) account to Citibank N.A. in New York on Sunday, December 6, 2020, and $78,000 on Thursday, December 2, 2021.
“That you, Chandra Prakash Singh, on or about the 16th of December 2020, in Lagos, within the jurisdiction of this Honourable Court, transferred $90,000.00 (ninety thousand dollars) from an account number 3002518278 domiciled in UBA Nigeria to account number 0003 domiciled in Citibank N.A., New York, United States of America,” one of the counts states.
“Which sum you reasonably ought to have known forms part of the proceeds of your unlawful activity, and you thus committed an offence in violation of Section 18(2)(c) of the Money Laundering Prohibition Act, 2011, as amended, and punishable under Section 18(3) of the same Act.”
Singh, on the other hand, pleaded not guilty to the charge, and the prosecution’s counsel, B.B. Bala, requested the defendant’s remand and a trial date in light of his plea.
Efe Solomon Izokor, the defendant’s solicitor, petitioned the court for an oral bail application.
Bala objected to the defense’s submission, requesting that “a written bail application be brought before the court” so that she could respond appropriately.
Justice Oweibo remanded the defendant to the correctional facility and adjourned the case until Tuesday, June 27, when the trial will begin.