The firms are Pluto Property and Investment Company Limited, Seagate Property Development and Investment Company Limited, Trans Ocean Property and Investment Company Limited and Avalon Global Property Development Limited.

The Economic and Financial Crimes Commission (EFCC) arraigned the defendants on charges bordering on a 17-count of conspiracy, money laundering and fraud.

They were alleged to have conspired to retain over $15 million, which they reasonably ought to have known to be part of the proceeds of crime.

At the resumed trial, the prosecutor, Mr. Rotimi Oyedepo tendered some documents through a Deputy Manager in Skye Bank, Uche Obiakor, who had earlier given evidence on how the defendants opened accounts with the bank.

After listening to arguments from parties, the court adjourned the matter to April 3.


February 23, 2017


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