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The Lagos State Zonal Command of the Economic and Financial Crimes Commission (EFCC) has pressed charges against two individuals, Akeem Adekunle and Kayode Olusola Ayodeji, over their alleged involvement in money laundering amounting to N2.7 billion.
Adekunle and Ayodeji appeared before Justice I.O.Ijelu of the Lagos State High Court in Ikeja, facing an amended three-count charge related to money laundering and conspiracy to launder funds totaling N2,737,784,800.
One of the charges accuses them of conspiring to transfer property derived from illegal activities, with the aim of disguising its illegal origin, between September 21, 2023, and October 4, 2023, in Lagos.
Another charge alleges that Adekunle procured Esther Titilayo to open an Access Bank account with the intent of promoting unlawful activity by Afolabi Olushola Sunday, also known as ‘Asiwaju Something,’ involving theft, in June 2023 in Lagos.
Both defendants pleaded “not guilty” to the charges.
The prosecution counsel, S. I. Suleiman, requested a trial date and asked the court to remand the defendants in a correctional center, which was granted.
The counsel for the first defendant, Grace Adenubi, requested a stand-down to file a bail application, but the Judge disapproved of the request.
The counsel for the second defendant, C.V. Nwagbara, did not have a formal bail application ready, so she sought a short adjournment to file it.
Justice Ijelu adjourned the case until May 6 for the commencement of trial and ordered that the defendants be remanded in a Correctional facility.
