Former power minister Saleh Mamman to be arraigned by EFCC for N33 billion money laundering charges

The Economic and Financial Crimes Commission (EFCC) will on Thursday, 11, July 2024, bring former Minister of Power, Saleh Mamman, before Justice J. K. Omotosho to face allegations of money laundering amounting to N33 billion.

The EFCC has charged Mamman with a total of 12 counts related to money laundering offenses.

These charges include accusations of conspiracy to commit money laundering, as well as the possession and use of funds obtained through illegal means.

The specific charges include:

1. Counts 1-2: Conspiracy to commit money laundering.
2. Counts 3-4: Engaging in money laundering through cash payments that exceed the legal limits.
3. Count 5: Purchasing real estate using cash payments.
4. Counts 6-12: Possession of and transactions involving the proceeds of criminal conduct.

These charges stem from an investigation that covered the period from 2019 to 2022, during which Mamman served as Minister of Power under former President Muhammadu Buhari.

The prosecution will be led by Adeyinka Olumide-Fusika, SAN, among others.