FG FILES MONEY LAUNDERING CHARGES AGAINST HON. LADI ADEBUTU, OTHERS

Following their alleged role in facilitating vote buying, the Federal Government has charged the candidate of the Peoples Democratic Party (PDP) in the March 18 governorship election in Ogun State, Hon. Ladi Adebutu, a leading Deposit Money Bank, Zenith Bank Plc and its Managing Director, Dr Ebenezer Onyeagwu, to court for conspiracy, bribery and money laundering.

The charges were filed by the Director, Public Prosecutions of the Federation, M.B Abubakar; the Assistant Chief State Counsel, Aderonke Imana and Senior State Counsel, Bagudu Sani, on behalf of the Attorney-General of the Federation and Minister of Justice.

On his part, Onyeagwu, along with one Celestina Appeal and Zenith Bank Plc, was charged with failing to report suspicious transactions on verve cards with the inscription Dame Oladuni Memorial Endorsement Scheme for Less Privileged between February and March 2023 and thereby committing an offence contrary to section 7(1) (a) of the Money Laundering (Prevention and Prohibition) Act 2022; and failing to verify the identity of customers carrying out electronic transactions on verve cards with the inscription Dame Oladuni Memorial Endorsement Scheme For Less privileged, thereby committing an offence contrary to Section 37 of the Cybercrimes (Prohibition, Prevention, etc) Act 2022.