The Economic and Financial Crime Commission (EFCC) has reportedly arrested Uyi Giwa-Osagie, lawyer of Atiku Abubakar, Peoples Democratic Party (PDP) presidential candidate, for alleged $4m money laundering.
According to the Nation, the money is termed “suspicious election cash”.
Giwa-Osagie was arrested following an intelligence report on a suspicious transaction by a Bureau De Change (BDC) operator.
Also conveying this report, it was gathered that the PDP allocated $3million each for “logistics” to its 36 state branches and the Federal Capital Territory (FCT).
Most Bureau De Change operators and banks have, however, refused the “pressure” to convert the hard currency to Naira.
Sources in EFCC reportedly said that, “A BDC operator was intercepted for shipping $2million from Abuja to Lagos for suspected money laundering,”
The source also said the BDC operator admitted that the suspect paid the Naira equivalent of $4 million into his account in exchange for hard currency.
“We invited the suspect for interrogation on Monday and Tuesday. Our detectives have also conducted a search of his home. Some useful documents were retrieved. Investigation is, however, still in progress.”
“Apart from documents relating to posh properties at home and abroad, a copy of the EFCC Investigation Report on Atiku’s relationship with a jailed U.S. lawmaker, Williams Jefferson, was retrieved.”
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