At resumed hearing of the matter on Monday, the amended 17-count charge was read over to the defendants and they each pleaded not guilty to the charge.After their pleas were taken, the judge granted the request of the defence counsel, Chief Ferdinard Orbih , to allow the defendants to continue on the existing bail conditions granted by Justice Aikawa.In the charge, the defendants were alleged to have committed the offences between January and March 2015 in Lagos.
The defendants were accused by the EFCC to have committed the offences between January and March 2015. They were alleged to have at various times unlawfully retained over N4.6 billion, which they reasonably ought to have known formed part of the proceeds of unlawful acts of stealing and corruption. In counts 15 to17, Fani-Kayode and one Olubode Oke, who is said to be at large, were alleged to have made cash payments of about N30 million to one Paste Poster Co of No 125 Lewis St., Lagos.The said payments were alleged to have been made in excess of amounts allowed by law without going through a financial institution.
All offences were said to have contravened the provisions of sections 15 , 16 , and 16 of the Money Laundering Act, 2012.
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