Man Arraigned for Alleged N46m Fraud

The EFCC, Lagos office, on October 14, 2019 arraigned one Ola Lawal alongside his firm, DCAN Oil and Gas Limited before Justice Chuka Austine Obiozor of the Federal High Court, Ikoyi on a two-count charge bordering on money laundering and stealing to the tune of N46 million, an offence contrary to Section 15(2)(b) of the Money Laundering (Prohibition) Act, 2011 as amended and punishable under Section 15(3) of the same Act.

The defendant pleaded not guilty when the charges were read to him.

Justice Obiozor adjourned the case to October 15, 2019, for hearing of bail application and commencement of trial.

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