Mr Bashir Mohammed an Economic and Financial Crimes Commission (EFCC) witness has told the Federal High Court in Lagos that he gave Former President Olusegun Obasanjo on behalf of Atiku's-son-in-law sum of naira equivalent of $140,000.
A Federal High Court in Lagos on Tuesday heard that Abdullahi Babalele, a son-in-law of former Vice-President Atiku Abubakar, allegedly gave former President Olusegun Obasanjo the naira equivalent of $140,000.
An Economic and Financial Crimes Commission (EFCC) witness, Bashir Mohammed told Justice C.J. Aneke that he delivered the cash to Obasanjo on behalf of his “close friend” Babalele.
Babalele is on trial for allegedly laundering $140,000 in the build-up to the 2019 general elections.
The EFCC arraigned him on two counts of money laundering in August.
He procured Mohammed “to make cash payment of $140,000 without going through any financial institution,” the anti-graft agency claimed.
EFCC prosecutor, Rotimi Oyedepo, said the money exceeded the threshold stipulated by the money laundering Act.
The alleged February 20, 2019 transaction contravened Sections 18 (c) and (2)(b)of the Money Laundering (Prohibition) Act, 2011, Oyedepo said. Justice Aneke adjourned till today to rule on the admissibility of the statement.
