EFCC re-arraigns ex-Intercontinental Bank MD on money laundering

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EFCC re-arraigns ex-Intercontinental Bank MD on money laundering
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The Economic and Financial Crimes Commission (EFCC) on Wednesday re-arraigned a former Managing Director of the defunct Intercontinental Bank

He is charged by the EFCC with amended 22 count charge bordering on the offence.The prosecution had opened its case and its second witness, Mr Abdulraheem Jimoh is still been led in evidence.

He pleaded not guilty to the charges, on his re-arraignment, and after his plea was taken, trial continued. The sum was said to have been remitted into the account of Fuglers Solicitors with the Royal Bank of Scotland in London, to purchase property in the name of Life Boat Settlement Trust, set up by the defendant.

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