Former Lagos Speaker Ikuforiji Acquitted of N300m Money Laundering ChargeAdeyemi Ikuforiji, former Speaker of the Lagos State House of Assembly, has been acquitted of a N338.8 million money laundering charge by a federal high court.
His personal assistant, Oyebode Atoyebi, was also acquitted.The Economic and Financial Crimes Commission (EFCC) had arraigned Ikuforiji and Atoyebi on 54 counts of alleged money laundering.
They were accused of accepting cash payments totaling N338.8 million from the House of Assembly without processing the funds through a financial institution.The defendants, who were first arraigned before Judge Okechukwu Okeke at the federal high court in 2012, were acquitted on Monday, June 24.