EFCC arraigns Indian for money laundering

The Economic and Financial Crimes Commission (EFCC) has arraigned an Indian Chandra Prakash Singh before the Federal High Court in Lagos for laundering $200,000.

The commission, in a statement on Thursday, disclosed that Singh appeared before Justice Nicholas Oweibo on a seven-count charge of attempted theft of more than $200,000 (₦92,088,000).

According to the anti-graft agency, Singh allegedly transferred funds worth $90,000 from a domiciled United Bank for Africa (UBA) to Citibank N.A. in New York on Sunday, December 6, 2020, and also a sum of $78,000 on Thursday, December 2, 2021.

Singh, however, pleaded not guilty to the offence, and in view of his plea, the prosecution counsel, B.B. Bala, asked for the defendant’s remand and a date for trial.

The defendant’s attorney, Efe Solomon Izokor, appealed to the court for an oral bail application.

Bala objected to the submission made by the defence, insisting that “a written bail application be brought before the court” to enable her to respond accordingly.

Justice Oweibo remanded the defendant to the correctional facility and adjourned the matter till Tuesday, June 27, for the commencement of trial.

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