The News Desk
Judiciary

Obiano Pleads Not Guilty To N4bn Money Laundering Allegations, Gets Bail

Justice Inyang Ekwo of the Federal High Court in Abuja has granted bail to the immediate past governor of Anambra State, Willie Obiano.

He ordered that the former governor should be restricted to the court jurisdiction.

He ordered the Economic and Financial Crimes Commission to deposit the defendant’s travel documents with the court registrar.

Ekwo then ordered the registrar to notify the Nigerian Immigration Service of the development.

The prosecution counsel, Slyvanus Tahir, SAN, had prayed the court to remand the former governor.

He subsequently adjourned the case till March 4,5,6 and 7 for continuation of trial.

Earlier, Obiano, has pleaded not guilty to the nine charges of money laundering preferred against him by the Economic and Financial Crimes Commission.

The alleged money laundering is to the tune of N4,008,573,350.

He was said to have moved the amount from security votes into different accounts.

The offences were said to have been committed between March 2014 and March 2022.
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