The Economic and Financial Crimes Commission (EFCC) on Monday charged three men, Ismaila Yousuf Atumeyi, Ngene Joshua Dominic and Abdulmalik Salau, before the Federal High Court, Lagos, over a ₦1,403,343,400.00 fraud.
Atumeyi is the Kogi State House of Assembly candidate of the New Nigeria Peoples Party (NNPP) for Ankpa II Constituency.
EFCC’s counsel, Rotimi Oyedepo (SAN), preferred an 18-count charge bordering on concealment of proceeds of fraud, money laundering and cybercrime against the defendants before Justice Tijjani Ringim.
Oyedepo told the court that the defendants committed the offences between August and October, 2022 in Lagos.
He said they conspired to “directly conceal” the N1.4bn in the account of Fav Oil and Gas Limited, an offence contrary to Sections 18(a), 15(2)(a) of the Money Laundering Prohibition Act, 2011, (as amended) punishable under Section 15(3) of the same act.