ALMOND PROJECTS BOSS OLUGBENGA OBADINA CHARGED TO COURT OVER 2.4BIL FRAUD

Ade Adesomoju, Abuja
A Federal High Court in Abuja on Friday ordered the remand of an owner of Almond Projects Limited, Olugbenga Obadina, in Kuje prison, Abuja.
Justice Nnamdi Dimgba made the remand order after Obadina was arraigned by the Economic and Financial Crimes Commission on eight counts of money laundering.
The judge ordered that the accused be kept in prison pending when his bail application would be heard and determined.image
The judge then fixed the hearing of the bail application for July 18.
The EFCC on  Friday arraigned Obadina and his company, Almond Projects Limited, on eight counts of money laundering involving alleged criminal breach of trust and corruption to the tune of N2.4bn.
‎Obadina allegedly collected a sum of N2.417bn from the account of the Office of the National Security Adviser under Col. Sambo Dasuki (retd) without any contract award.
He allegedly collected the sum of N2.417bn through his company’s bank account in tranches between 2013 and 2015.
The accused pleaded not guilty to all the charges.
The alleged offences were said to be contrary to Section 15(2), (d) of the Money Laundering (Prohibition) Act 2011 as amended in 2012 and punishable under Section 15(3) of the same Act.
After the accused pleaded not guilty to the charges, the prosecuting counsel, Mr. Aso Peters, urged the court to remand the accused in prison and fix date for trial.
‎But Obadina’s lawyer, Chris Uche (SAN), informed the court that he had  filed a bail application for his client and same had  been served on the prosecution.
Peters said that the prosecution was only served on July 13 and that he was entitled to 48 hours to respond.
He also said that a further affidavit deposed to by the defence mentioned by defence lawyer had not been served on the prosecution.
The judge then fixed July 18 for the bail application.

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