The Economic and Financial Crimes Commission (EFCC) has arraigned the duo of Sada Adamu and Babatunde Faro, an employee of the Uzoma Dozie’s led Diamond Bank Plc, before Justice Nnamdi Dimgba of the Federal High Court sitting in Maitama, Abuja on a 4-count charge of money laundering, false declaration of assets and fraud to the tune of $1million.

Adamu was alleged to have made cash payment of the said sum being an amount exceeding the stipulated N5million threshold stipulated by law, to Faro who processed it without following the law.

MORE: http://theicon.ng/2016/11/12/diamond-bank-staff-1m-money-laundering-scandal/