BREAKING: EFCC to arraign ex-Power Minister for N33bn money laundering

The Economic and Financial Crimes Commission, EFCC, will on Thursday, July 11, arraign a former Minister of Power, Saleh Mamman, before Justice J. K. Omotosho for alleged N33 billion money laundering offences.

According to an insider at the commission, Mamman would be arraigned on a 12-count charge bordering on conspiracy to commit money laundering and possession and use of known proceeds of criminal conduct.

The charge documents signed by the prosecution counsel, Adeyinka Olumide-Fusika, SAN, and others, which were sighted by DAILY POST read that counts 1-2 border on conspiracy to commit money laundering; counts 3-4 border on money laundering by cash payment in excess of the lawful limit; count 5 borders on purchase of landed property with cash payment; while counts 6–12 border on possession and use of known proceeds of criminal conduct.

The investigation spanned from 2019 to 2022 when he was a minister under former President Muhammadu Buhari.

Dailypost


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