The Economic and Financial Crimes Commission (EFCC), under the tutelage of acting Chairman, Ibrahim Magu, has commenced investigations on former presidential candidate, Atiku Abubakar's lawyer, Mr. Uyiekpen Giwa-Osagie, for his alleged involvement in the laundering of $2 million (US dollars).
The money was reportedly used to sponsor the general elections for PDP Aspirant, Atiku Abubakar.
Giwa-Osagie was said to have procured the sum of $2m cash without going through the proper financial institution. The EFCC has wasted no time in arraigning the Legal representative of Atiku and charging him on a three-count charge. The case will be heard in the Federal High Court in Lagos.
Uyiekpen Giwa-Osagie will be arraigned alongside his brother, Erhunse Giwa-Osagie. The EFCC claims that the Giwa-Osagie brothers held a conspiracy together to procure a cash payment of $2m on February 12, 2019, without following the standard procedures of going through a financial institution, and according to the anti-graft agency, the money was used for funding the electoral campaign for the former PDP Presidential aspirant, Atiku Abubakar.
EFCC’s legal counsel, led by Mr. Rotimi Oyedepo, alleged that the Giwa-Osagie brothers’ actions were a direct contradiction to Sections 18(a) and 1(a) of the Money Laundering (Prohibition) Act 2011 and are liable to be punished under Section 16(2)(b) of the same Act.
Oyedepo, who signed the charge sheet, elaborated the fact that the amount procured exceeded the financial limit articulated by the anti-money laundering law.