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N1.4bn money laundering: NBA president to be re-arraigned February 14


The trial of the President of Nigerian Bar Association, NBA, Mr Paul Usoro that was supposed to commence today did not hold, due to the fact that the case has been transferred from the Presiding judge, Muslim Hassan to another judge, Justice Professor Chuks Obiozor.

The judge is currently attending a workshop and did not sit, consequently the case has been adjourned till 14th of February, 2019 when Mr Usoro will be re-arraigned for the case to start afresh.

The Economic and Financial Crimes Commission (EFCC) had on the 18th of December, 2018 arraigned Usoro before the Federal High Court in Lagos for allegedly laundering N1.4 billion.

He pleaded not guilty to all the ten counts.

Chief Wole Olanipekun (SAN) appearing for him, moved his bail application. He urged the court to admit the accused NBA boss to bail on self-recognizance

The prosecution did not raise any objection ,consequently, the judge while adjourning till 5th of February, admitted Usoro to bail in the sum of N250 million with one surety who must not be below the rank of a Director in the public service in like sum.

Justice Hassan also ordered the NBA president to submit his international passport to the court.

The charge filed against Paul Usoro is as stated below.

COUNT ONE

That you, PAUL USORO SAN EMMANUEL UDOM (CURRENTLY CONSTUTIONALLY IMMUNED AGAINST CRIMINAL PROSECUTION) UWEMEDIMO THOMAS NWOKO (STILL AT LARGE), MFON JACOBSON UDOMAH (ACCOUNT GENERAL OF AKWA IBOM STATE) (STILL AT LARGE) AND MARGARENT THOMPSON UKPE (STILL AT LARGE) sometimes in 2015 in Nigeria, within the jurisdiction of this Honourable Court conspired amongst yourselves to commit an offence, to wit: Conversion of the sum of N1,410,000,000,000.00 (One Billion, Four Hundred and Ten Million, Naira) property of Government of Akwa Ibom State of Nigeria, which sum you reasonably ought to have knows forms part of the proceeds of an unlawful activity to wit: criminal breach of trust and thereby committed an offence contrary to Section 18(a) of the Money Laundering (Prohibition) Act, 2011 as amended and punishable under section 15(3) of the same Act.

COUNT TWO

That you, PAUL USORO SAN, EMMANUEL UDOM(CURRENTLY CONSTUTIONALLY IMMUNED AGAINST CRIMINAL PROSECUTION ), UWEMEDIMO THOMAS NWOKO(STIL AT LARGE), NSIKAN LINUS NKAN, (COMISSIONER OF FINANCE AKWA IBOM STATE) (STILL AT LARGE). MFON JACOBSON UDOAH (ACCOUNTANT GENERAL OF AKWA IBOM STATE) (STILL AT LARGE AND MARGARET THOMPSON UKPE (STIL AT LARGE) on or about the 14TH DAY OF March, 2016 in Nigeria within the jurisdiction of this Honourable Court Disguised the origin of the sum of N 300,000,000.00 (Three Hundred Million Naira). Property of Government of Akwa ibom forms of Nigeria which sum you reasonably act to wit: criminal breach of trust and thereby committed an offence contrary to section 15 (2) (b) of the Money Laundering (Prohibition) Act, 2011 as amended and punishable under Section 15 (3) of the same Act.

COUNT THREE

PAUL USORO SAN, EMMANUEL UDOM (CURRENTLY CONSTUTIONALLY IMMUNED AGAINST CRIMINAL PROSECUTION), UWEMEDIMO THOMAS NWOKO (STIL AT LARGE), NSIKAN LINUS NKAN, (COMISSIONER OF FINANCE AKWA IBOM STATE) (STILL AT LARGE). MFON JACOBSON UDOAH (ACCOUNTANT GENERAL OF AKWA IBOM STATE) (STILL AT LARGE AND MARGARET THOMPSON UKPE (STIL AT LARGE) on or about the 14TH DAY OF March, 2016 in Nigeria within the jurisdiction of this Honourable Court Disguised the origin of the sum of N 300,000,000.00 (Three Hundred Million Naira). Property of Government of Akwa Ibom forms of Nigeria which sum you reasonably act to wit: criminal breach of trust and thereby committed an offence contrary to section 15 (2) (a) of the Money Laundering (Prohibition) Act, 2011 as amended and punishable under Section 15 (3) of the same Act.

COUNT FOUR

PAUL USORO SAN, EMMANUEL UDOM (CURRENTLY CONSTUTIONALLY IMMUNED AGAINDT CRIMINAL PROSECUTION), UWEMEDIMO THOMAS NWOKO (STIL AT LARGE), NSIKAN LINUS NKAN, (COMISSIONER OF FINANCE AKWA IBOM STATE) (STILL AT LARGE). FON JACOBSON UDOAH(ACCOUNTANT GENERAL OF AKWA IBO STATE) (STILL AT LARGE AND MARGARET THOMPSON UKPE (STIL AT LARGE) on or about the 14TH DAY OF March, 2016 in Nigeria within the jurisdiction of this Honourable Court Disguised the origin of the sum of N 300,000,000.00 (Three Hundred Million Naira). Property of Government of Akwa Ibom forms of Nigeria which sum you reasonably act to wit: criminal breach of trust and thereby committed an offence contrary to section 15 (2) (a) of the Money Laundering (Prohibition) Act, 2011 as amended and punishable under Section 15 (3) of the same Act.

COUNT FIVE

That you PAUL USORO,SAN on or about the 14TH day of March, 2016 in Nigeria within jurisdiction of this Honourable Court used the total sum of N300,000,000.00 (Three Hundred Million Naira), property of Government of Akwa Ibom State of Nigeria which sum you reasonably ought to have known forms parts of the proceeds of unlawful act wit: criminal breach of trust and thereby committed an offence contrary to section 15(2)(d) of the Money Laundering (prohibition ) Act, 2011 as amended and punishable under section 15 (3) of the same Act.

COUNT SIX

That you PAUL USORO,SAN on or about the 14th day of March, 2016 in Nigeria within jurisdiction of this Honourable Court retained the total sum of N300,000,000.00 (Three Hundred Million Naira), property of Government of Akwa Ibom State of Nigeria in your Paul Usoro& Co ‘s account No1014604466 domicile in Zenith Bank Plc which sum you reasonably ought to have known forms parts of the proceeds of unlawful act wit: criminal breach of trust and thereby committed an offence contrary to section 15(2)(d) of the Money Laundering (prohibition ) Act, 2011 as amended and punishable under section 15 (3) of the same Act.

COUNT SEVEN

That you, PAUL USORO, SAN on or about the day of August, 2015 in Nigeria within the jurisdiction of this Honourable Court retained the sum of N530, 000,000.00(Five Hundred And Thirty Million Naira) property of government of Akwa Ibom state of Nigeria in Paul Usoro &Company’s Clients account NO. 0690123425 domicile in Access Bank Plc sum you reasonably ought to have known for part of the proceeds of unlawful act to wit: criminal breach of trust there committed an offence contrary to section 15(2)(d) of then money Laundering (prohibition) Act, 2011 as amended and punishable under section 15(13) of the same Act.

COUNT EIGHT

That you, PAUL USORO, SAN on or about the 18th Day of September, 2015 in Nigeria with the jurisdiction of this Honourable Court retained the sum of N40, 000,000.00 (Forty Million Naira).property of Government of Akwa Ibom State of Nigeria in Paul Usoro & Company ‘s Clients’ account No. 0690123425 domicile in Access Bank Plc which sum you reasonably ought to have known forms part of the proceeds of unlawful act to wit: criminal breach of trust and thereby committed an offence contrary to section 15(2)(d) of the Money Laundering (Prohibition) Act, 2011 as amended and punishable under Section 15(3) of the same Act.

COUNT NINE

That you PAUL USORO,SAN on or about the 3rd day of December, 2015 in Nigeria within jurisdiction of this Honourable Court retained the total sum of N260,000,000.00 (Two Hundred and Sixty Million Naira), property of Government of Akwa Ibom State of Nigeria in Paul Usoro& Company ‘s account Clients’No0690123425 domicile in Access Bank Plc which sum you reasonably ought to have known forms parts of the proceeds of unlawful act wit: criminal breach of trust and thereby committed an offence contrary to section 15(2)(d) of the Money Laundering (prohibition ) Act, 2011 as amended and punishable under section 15 (3) of the same Act.

COUNT TEN

That you, PAUL USORO,SAN on or about the 27th day of August, 2015 in Nigeria within jurisdiction of this Honourable Court transferred the total sum of N65,000,000.00 (Sixty Five Million Naira),property of Government of Akwa Ibom State of Nigeria in Paul Usoro& Company ‘s account Clients’No.0690123425 domicile in Access Bank Plc to UWEMEDIMO THOMAS NWOKO( HON.ATTRONEY –GENERAL AND COMISSINER OF JUSTICE, AKWA IBOM STATE ) which sum you reasonably ought to have known forms parts of the proceeds of unlawful act wit: criminal breach of trust and thereby committed an offence contrary to section 15(2)(d) of the Money Laundering (prohibition ) Act, 2011 as amended and punishable under section 15 (3) of the same Act.

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