The Economic and Financial Crimes Commission, EFCC, on Thursday March 19, 2020, arraigned one Babatunde Morakinyo, Iretidu LTD and Tree Four Universal Concept Limited, on a 23 count charge for Money Laundering contrary to Section 5 (1) (a) of the Money Laundering (Prohibition) Act to the tune of N110,000,000 (One Hundred and Ten Million Naira) only. They are being prosecuted before Justice A R Muhammed of the Federal High Court, Abuja. One of the charge reads: “That you, Iretidu (a Designated Non-Financial Institution(“DNFI”) and BABATUNDE Morakinyo, being Director of the…
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