• EFCC arraigns Obadina for N2.4bn contract scam

    EFCC arraigns Obadina for N2.4bn contract scam

    The Economic and Financial Crimes Commission (EFCC) has arraigned the Managing Director, Almond Properties Ltd., Olugbenga Obadina, in the Federal High Court, Abuja, on an eight-count charge bordering on money laundering.

    The EFCC arraigned Obadina on Friday for receiving over N2.4 billion from a former National Security Adviser, retired Col. Sambo Dasuki, for electricity contracts that were never executed.

    The defendant, however, pleaded not guilty to all eight counts.

    The prosecuting counsel, Mr Peters Aso, urged the court to remand the defendant in […]