Court remands two businessmen over alleged N2.8bn laundering

An Ikeja High Court on Monday, March 25, remanded two businessmen, Akeem Adekunle and Kayode Olusola Ayodeji, in the custody ofJustice Ismail Ijelu ordered that the defendants be remanded in a correctional facility after their arraignment by the Financial Crimes Commission .

The prosecuting counsel, Suleiman Suleiman told the court that Adekunle and Ayodeji with others also at large between September 21, 2023, and October 4, 2023, in Lagos conspired among themselves to commit felony to wit, “transferring property derived from illegal act to the tune of N2, 737,784,800.00 from the unlawful activity of Afolabi Olushola Sunday, with the aim of disguising the illegal origin of same”.

The prosecution also said Akeem Adekunle, sometime in June 2023 in Lagos procured one Esther Titilayo to open an Access Bank account with the intent of promoting Afolabi Olushola Sunday in carrying on with stealing.”Alleged P&ID scam: Court strikes out money laundering suit against ex-director Counsel to the 2nd defendant, Catherine Nwagbara, told the court that she wanted to file bail applications for her client.

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