• Latest
  • Trending
N700m Money Laundering: Court Rules Against Ize- Iyamu

N700m Money Laundering: Court Rules Against Ize- Iyamu

March 23, 2021
Gov Mutfwang suspends mining activities in Plateau

Plateau Govt Relaxes Curfew in Jos North

April 8, 2026
Ogun 2027: ‘I  remain Committed to serving with integrity’- Obasanjo

Ogun 2027: ‘I remain Committed to serving with integrity’- Obasanjo

April 8, 2026
WHO Congratulates Nigeria On Wild Polio Free Status

WHO updates Guidelines for treatment of Opioid dependence, Overdose mgt

April 8, 2026
#EndSARS: UN Condemns Shooting , Calls For End To Police Brutality

Attacks on Iran’s Civilian Infrastructure would violate Int’l law- UN Chief warns

April 8, 2026
CVR: Skillfully concocted fabrication, APC denies ADC rigging allegations

Heaven Will Not Fall If ADC, Other Political Parties are not on the Ballot—Lagos APC

April 8, 2026
https://www.firstbanknigeria.com/personal/loans/mreif-home-loan/
ADVERTISEMENT
Kebbi Govt Gov approves 6 months maternity leave for workers

2027: Gov Idris Pledges Electoral Victory for Tinubu

April 8, 2026
54 Students Missing As Gunmen Invade Secondary School

Bandits kill Police officer, two Others in Katsina

April 8, 2026
Enugu Govt Seals Schools, Hotels, Firms For Tax Evasion

Lagos move to recover outstanding tax, arraigns defaulters

April 8, 2026
Troops dismantles 18 illegal refining sites, demobilised 10 boats

Troops foil cross-border fuel smuggling, arrest16 suspected terrorists

April 8, 2026
ADVERTISEMENT
  • About US
  • Advert Rates
  • Privacy Policy
  • Contact
Wednesday, April 8, 2026
  • Login
No Result
View All Result
Present Nigeria
  • Home
  • News
    • Education
    • Health
    • Crime
  • Business
  • Politics
  • Entertainment
    • Lifestyle
  • Opinion
  • Sports
  • World News
  • Home
  • News
    • Education
    • Health
    • Crime
  • Business
  • Politics
  • Entertainment
    • Lifestyle
  • Opinion
  • Sports
  • World News
No Result
View All Result
Present Nigeria
No Result
View All Result

N700m Money Laundering: Court Rules Against Ize- Iyamu

by Present Nigeria
March 23, 2021
in News
0
N700m Money Laundering: Court Rules Against Ize- Iyamu
29
SHARES
57
VIEWS
FacebookTwitterWhatsappTelegram

A Federal High Court sitting in Benin City, Edo State on Tuesday ruled that it has jurisdiction to entertain the money laundering charge brought against Pastor Osagie Ize -Iyamu, PDP governorship candidate in the 2016 governorship election in the state, and four others by the Economic and Financial Crimes Commission, EFCC.

The other defendants are Lucky Imasuen, former deputy governor of Edo State, Chief Dan Orbih, former PDP chairman in Edo State; Tony Aziegbemi and Efe Erimuoghae.

RelatedPosts

Plateau Govt Relaxes Curfew in Jos North

Ogun 2027: ‘I remain Committed to serving with integrity’- Obasanjo

WHO updates Guidelines for treatment of Opioid dependence, Overdose mgt

The defendants were alleged to have sometime in March 2015 in Benin City directly taken possession of the sum of seven hundred million ( N700, 000,000) without any contract award which sum was allegedly part of proceeds of an unlawful act.

One of the charges reads: “That you Pastor Osagie Ize-Iyamu, Lucky Imasuen, Tony Aziegbemi, Chief Dan Orbih, Efe Erimuoghae Anthony and Chief Anthony Anenih (now at large) sometime in March 2015 in Benin within the jurisdiction of this Honourable Court did directly take possession and control of the sum of N700,000,000.00 (seven hundred million naira) only without any contract award which sum you reasonably ought to have known form part of proceeds of an unlawful act, to wit; fraud and corruption; and thereby committed an offence contrary to Section 15(2)(d) of the Money Laundering (Prohibition) Act 2011 (as amended by the Money Laundering (Prohibition) Amendment Act 2012 and punishable under Section 15(3)of the same Act”.

They had pleaded not guilty to the charges setting the stage for their trial. However,

Charles Edosomwan, SAN, counsel to the first defendant challenged the jurisdiction of the Court to hear the matter on the grounds that the charges filed against the defendants were based on election matter. He argued that the appropriate Court to try electoral matter was the Magistrate or High Court of the state.

In his ruling today, Justice M. G Umar said the matter before the Court was money laundering which the Federal High Court has exclusive jurisdiction over and therefore dismissed their application.
He berated the defendants for filing the motion which he said was intended to waste the time of the Court.

Justice Umar adjourned the case till May 18, 2021 for further hearing.

Share this:

  • Click to share on Facebook (Opens in new window)
  • Click to share on Twitter (Opens in new window)
  • Click to share on WhatsApp (Opens in new window)
  • Click to share on Telegram (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on Pinterest (Opens in new window)

Related

Share12Tweet7SendShareShare2
Previous Post

Badaru Vows To Unite APC

Next Post

Sanwo-Olu To Commission 360 Homes, Other Projects In Ikorodu Wednesday

Related Posts

Gov Mutfwang suspends mining activities in Plateau

Plateau Govt Relaxes Curfew in Jos North

April 8, 2026
WHO Congratulates Nigeria On Wild Polio Free Status

WHO updates Guidelines for treatment of Opioid dependence, Overdose mgt

April 8, 2026
#EndSARS: UN Condemns Shooting , Calls For End To Police Brutality

Attacks on Iran’s Civilian Infrastructure would violate Int’l law- UN Chief warns

April 8, 2026
54 Students Missing As Gunmen Invade Secondary School

Bandits kill Police officer, two Others in Katsina

April 8, 2026
Next Post
Helicopter Crash: Sanwo-Olu Commiserates With Families Of Victims

Sanwo-Olu To Commission 360 Homes, Other Projects In Ikorodu Wednesday

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

PRESENT, a credible online newspaper from the cell of Red Carpet Communications Limited, is published by an experienced and profoundly resourceful journalist, Yemi Olowolabi.
It leads in lucid presentation of trending stories and breaking news in Politics, Business, Economy, Entertainment, Sports, Lifestyles and Other Features.
With a heritage of in-depth coverage and adept leverage of core professionals, PRESENT is the trusted witness of the news.

  • Privacy Policy
  • Contact Us
  • Advert Rates

© 2025 Present Nigeria. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
    • Education
    • Health
    • Crime
  • Business
  • Politics
  • Entertainment
    • Lifestyle
  • Opinion
  • Sports
  • World News

© 2025 Present Nigeria. All Rights Reserved.