• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Monday, June 9, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

EFCC Arraigns Energy Firm For Alleged $4.9m Fraud

by Olugbenga Soyele
2 years ago
in News
EFCC
Share on WhatsAppShare on FacebookShare on XTelegram

The Economic and Financial Crimes Commission (EFCC) has arraigned an energy firm, TOF Energy Company Limited, before the Federal High Court in Lagos for allegedly laundering the sum of $4.9 million.

Advertisement

The anti-graft agency is accusing the company and one Jyde Adelakun, who is said to be at large, of committing the offences between August 17 and September 6, 2018.

The EFCC counsel, Rotimi Oyedepo (SAN), told the court, in a charge marked FHC/L/459c/2023, that TOF Energy Company Limited retained the sum of $9,985.00, $629,875.00, $499,975.00, $549,975.00; $510,575.00; $1,199,975.00 and $1,519,975.00, within the above mentioned period.

Oyedepo also informed the court that the illicit funds were warehoused in the company’s domiciliary account number 1771453359 with Polaris Bank Limited.

He further claimed that offence violated sections 18(a) and 15(2)(d) of the Money Laundering (Prohibition and Prevention) Act, 2014 (as amended) and punishable under section 15 (2) (d} of the same act.

RELATED

NAFOPA Convener, Perry Opara Tasks Political Advisers On Peace, Stability

NAFOPA Convener, Perry Opara Tasks Political Advisers On Peace, Stability

2 minutes ago
Kaigama Urges Nigerians To Help The Needy

Tinubu Mourns Seasoned Administrator Kaigama

4 minutes ago

The prosecutor also told the judge that since the company is not a juristic person, a not guilty plea should be entered against it.

Justice Aneke acceded to the prosecutor’s request and entered a not guilty plea against the company.

But, the defence lawyer, Bolaji Kuti told the court that he had filed a Preliminary Objection against the charge and that he had served a copy of the application on the prosecution.

Oyedepo confirmed the development but told the court that he would like to go through it and file his response. He after that asked the court for a date.

After listening to the lawyers, Justice Aneke adjourned the matter to February 5 for the hearing of the company’s Preliminary Objection.

 


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel

START EARNING US DOLLARS as a Nigerian ($35,000) monthly. Companies are sacking their workers due to AI (artificial intelligence), business owners are in panic mode. Only the smart will make it. Click here


Tags: Economic and Financial Crimes Commission (EFCC)
SendShareTweetShare
Previous Post

Imo Governorship: Opinion Poll Tips APC’s Uzodimma For Victory

Next Post

Sanwo-Olu Signs Executive Order Creating Lagos Financial Centre Council

Olugbenga Soyele

Olugbenga Soyele

You May Like

NAFOPA Convener, Perry Opara Tasks Political Advisers On Peace, Stability
News

NAFOPA Convener, Perry Opara Tasks Political Advisers On Peace, Stability

2025/06/09
Kaigama Urges Nigerians To Help The Needy
News

Tinubu Mourns Seasoned Administrator Kaigama

2025/06/09
We’ll Maintain Sale Of Cement Price At N3500 In 2024 — BUA Chair
Business

Deepen Investments, Partnership With Nigeria, BUA Group Chairman Urges Britain, Allies

2025/06/09
Green Energy Strengthens Pipeline Protection With New Onshore Terminal
Business

Green Energy Completes First Crude Oil Export From Otakikpo Terminal

2025/06/09
Delta Flood Victims Receive Relief Materials, Palliatives From NDDC
Business

Pollution: NDDC Launches Tree Planting Campaign In 9 States

2025/06/09
I Don’t Take This Award For Granted – Dangote, Person Of The Year 2024
Business

‘Dangote Group Paid N450bn Taxes In 2024’

2025/06/09
Leadership Conference advertisement

LATEST

NAFOPA Convener, Perry Opara Tasks Political Advisers On Peace, Stability

Tinubu Mourns Seasoned Administrator Kaigama

Thieves Stab Senior Naval Officer To Death In Kaduna

Road Accident Claims 9 Lives In Jigawa

INEC, Judiciary Won’t Decide 2027 Polls, Says US-based Group

2027: N/Central Youths Endorse Olawepo-Hashim For President

Anambra 2025: Stop Intimidating My Running-mate, Moghalu Tells Soludo

Steel Minister Rallies Kogi APC Leaders For Tinubu’s Re-election

2027: Africa Diaspora Eager For Coalition’s Success – ADC

Deepen Investments, Partnership With Nigeria, BUA Group Chairman Urges Britain, Allies

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.