The Economic and Financial Crimes Commission (EFCC) has said that it would appeal against the verdict of the Federal High Court which acquitted the Speaker of the Lagos State house of Assembly, Mr. Adeniyi Ikuforiji.
The court freed Ikuforiji and one of his aides, Oyebode Atoyebi on Friday.
They had been facing prosecution on a 54 count of alleged money laundering to the tune of N603 million.
Reacting via a statement, EFCC Head of Media and Publicity, Wilson Uwujaren, said that the Commission was not satisfied with the ruling as it had proof of evidence that the accused persons committed acts in violation of the Money Laundering to the tune of N338.8 million.
It said: “The learned judge erred in this ruling. The proof of evidence to the charge clearly showed that the provisions of the Money Laundering Act had been violated by the accused persons in receiving various cash payments from the assembly amounting to about N338.8 million.”
The statement quoted Justice Buba of the Lagos High Court as having ruled that the prosecution failed to prove its case against the accused person.
The presiding Judge was said to have described the charge as ‘anachronistic’ on the ground the prosecution ‘misconstrued and mis-interpreted the Money Laundering Act.’
It was stated that Ikuforiji’s lead Counsel, Wole Olanipekun(SAN) had urged the court to ignore the charges against his client on the premise that the Money Laundering Act of 2004, with which the accused persons were charged had been “replaced with the money Laundering Act, 2011 and should not have been used in charging him.”
Counsel to the second accused, Tunde Akinbidi was said to have aligned his position with that of Olanikpekun, which was upheld by the presiding judge who discharged and acquitted the duo.
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