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Masari remanded in prison over N104m money laundering charges

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Masari remanded in prison over N104m money laundering charges

A Federal High Court sitting in Abuja, has remanded former Director General of the Small and Medium Enterprise Development Agency of Nigeria (SMEDAN), Bature Umar Masari over N104.7 million money laundering allegations.

Backstory: Masari was arraigned before the court presided over by Justice Okon Abang, by the Economic and Financial Crimes Commission (EFCC), on Wednesday.

Speaking on behalf of the anti-graft Commission, Public Relations Officer, Tony Orilade, stated that Masari pleaded not guilty to the charges leveled against him.

Justice Abang adjourned the case until Friday, April 12, but ordered that the defendant be remanded and held in custody at Kuje prison in Abuja, pending further deliberations.

Masari had previously been arraigned in 2018 by the Independent Corrupt Practices and other Related Offences Commission (ICPC) for allegedly receiving bribes amounting to N119.8 million from several contractors handling constituency projects for him and four other legislators.

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