Categories: News

EFCC arraigns ex-Harmony Investments director over N32.1m money laundering

The Economic and Financial Crimes Commission (EFCC) has arraigned a former Group Executive Director of Harmony Investments and Property Development Company Limited, Adebayo Sanni, before the Federal High Court in Ilorin, Kwara State, over an alleged N32.1 million money laundering case.

Sanni was arraigned before Justice Abimbola Awogboro on a seven-count charge bordering on alleged money laundering.

The former executive of the Kwara State-owned property development company was previously arrested by the EFCC’s Ilorin Zonal Directorate over allegations that he fraudulently sold landed properties belonging to the Kwara State Government and diverted part of the proceeds for personal use.

According to the commission, the properties involved are located within the Harmony Reserved Area in Ilorin and the Galadima area of Abuja.

The EFCC said details of Sanni’s plea and the next adjourned date were not immediately available.

LUKMAN ABDULMALIK

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