The Economic and Financial Crimes Commission on Monday arraigned an ex-convict, Adekola Oluokun, before a Lagos court over an alleged N12 million money laundering offence.
Oluokun was brought before the court on a one-count amended charge bordering on money laundering, said to be in violation of Section 330 of the Criminal Laws of Lagos State, 2011.
When the charge was read in court, the defendant pleaded guilty.
Following the plea, EFCC counsel Muhammed Bashir requested that the court fix a date for the presentation of the case facts and sentencing.
The prosecution also urged the court to remand the defendant in a correctional facility.
According to the anti-graft agency, the defendant, alongside accomplices who are still at large, allegedly concealed and converted N12 million paid into his bank account through Point of Sale (POS) agents sometime in 2025 in Lagos.
The EFCC further alleged that the money formed part of N3.9 billion reportedly siphoned from accounts in a new-generation bank through unauthorised access and fraudulent transactions carried out on the bank’s mobile banking platform.
Presiding over the matter, Justice Rahman Oshodi adjourned the case until March 17 for the review of facts and sentencing. The judge also ordered that the defendant be remanded in a correctional centre.
The News Agency of Nigeria (NAN) reports that Oluokun had previously been convicted on July 23, 2020, by Justice Joyce Abdulmalik of the Federal High Court sitting in Ibadan.
At the time, Abdulmalik sentenced him to 20 years in prison for defrauding a Taiwanese national of $22,300 after a prosecution by the EFCC’s Ibadan Zonal Directorate.
The EFCC office in Ibadan had prosecuted him on a six-count amended charge that included obtaining money by false pretence.
