Lagos: Court remands two businessmen for alleged conspiracy

An Ikeja High Court has remanded two businessmen, Akeem Adekunle and Kayode Olusola Ayodeji, in the custody of Nigeria Correctional Service (NCoS) over alleged conspiracy and money laundering to the tune of N2.8 billion.

Justice Ismail Ijelu ordered that the defendants be remanded in a correctional facility after their arraignment by the Economic Financial Crimes Commission (EFCC).

The defendants were arraigned on an amended three-count charge bordering on money laundering and conspiracy to launder funds obtained through unlawful activity.

Justice Ismail Ijelu ordered that the defendants be remanded in a correctional facility after their arraignment by the Financial Crimes Commission (EFCC).

The defendants were arraigned on an amended three-count charge bordering on money laundering and conspiracy to launder funds obtained through unlawful activity.

The prosecution also said Akeem Adekunle, sometime in June 2023 in Lagos procured one Esther Titilayo to open an Access Bank account with the intent of promoting Afolabi Olushola Sunday in carrying on with stealing.”

They pleaded not guilty to the three counts charge.

Following their plea, the prosecution counsel, Suleiman, prayed to the court for a trial date and for the court to remand the defendants to the correctional centre pending the determination of the charge.

However, the first defendant’s counsel, Grace Adenubi, prayed for a stand down of the case for her to file a bail application, a request declined by the court.

Counsel to the 2nd defendant, Catherine Nwagbara, told the court that she wanted to file bail applications for her client.

She prayed to the court for a short adjournment to file and serve the prosecution the bail application.

Justice Ijelu therefore adjourned the case to May 6, 2024, for trial and ordered the defendants to be remanded in the correctional facility.