EFCC Arraigns Man For Alleged N1.5bn Money Laundering

The Economic and Financial Crimes Commission (EFCC) has arraigned one Bobby Williams, before the Ikeja Special Offenses Court for allegedly laundering N1,594,800,000.

Williams was indicted on four amended accounts of money laundering and fraud, brought against him by the EFCC.

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Prosecution counsel, Ahmed Yerima, told the court that Williams committed the crimes between July and September 2022 in Lagos.

He told the court that the defendant fraudulently received N200,900,000 from one Emeka Oscar under the pretence of purchasing Bitcoin units.

Yerima added that Williams received N608,900,000 from a man named Jimoh in July 2022.

He further told the court that between July and September 2022, the defendant also received N151m, deposited into his First Bank account by Adegoke Daniel, alias Adetokunbo.

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“The defendant stole N151m from Adegoke Daniel, also known as Adetokunbo and other victims,” he said.

The prosecutor said Williams converted N483m, belonging to Morris John, Jimoh, Saka, and other victims, for personal use.

According to Yerima, the offenses committed contravened Sections 332, 1(1)(a), 3(a), 280, and 297 of the Lagos State Criminal Law 2015.

However, Williams pleaded not guilty to all charges.

Earlier the defense counsel informed the court of his client’s intention to seek a plea bargain, saying, “We are in the process of a plea bargain and need more time to finalize the agreement to avoid wasting the court’s time.”

The Presiding Judge, Rahman Oshodi admitted the case until December 3, 2024, for trial.