EXCLUSIVE: EFCC Arrests Atiku’s Lawyer Uyi Giwa-Osagie For 'Laundering' $2m

BY SAHARAREPORTERS, NEW YORKFEB 19, 2019



he Economic and Financial Crimes Commission (EFCC) has arrested Uyi Giwa Osagie, the lawyer and treasurer of former Vice President Atiku Abubakar, for alleged money laundering.

Osagie was arrested on Monday following the arrest of Alhaji Abdullahi Usman, a notorious BDC owner based in Lagos, who was caught ferrying $2milion by air from Abuja to Lagos.

When the money was intercepted by EFCC, Usman confessed that Uyi paid naira equivalent of $4million into his account. He converted it to $2million pieces and ferried to Lagos, and on arrival took it to Keystone Bank.

A source familiar with the matter said this was money Atiku was to use in settling all his party people ahead of the elections. After arresting Uyi, EFCC operatives searched his Ikoyi Reeve Road home and found documents linking him to Atiku. He was reportedly recalcitrant during the arrest, and is still in EFCC detention.

Also, presidency sources told SaharaReporters that the Independent National Electoral Commission (INEC) postponed the election to allow Atiku get money from other sources.

EFCC spokeman Tony Orilade refused to confirm the arrest, telling SaharaReporters he could not make any statement on the issue until he had received clearance from the authorities.

SarkinYarki:
nonsense you can't stop the opposition from funding their campaign !!!! how does changing money at at licensed BDC translate to money laundering

The laws governing money laundering in Nigeria are the Money Laundering (Prohibition) Act, the Money Laundering (Prohibition) (Amendment) Act (together, the Money Laundering Act), the Economic and Financial Crimes Commission Act and the Central Bank of Nigeria (Anti-Money Laundering and Combating the Financing of Terrorism in Banks and Other Financial Institutions in Nigeria) Regulations. The main elements of these laws prohibit:

the conversion or transfer of resources or property derived directly from illegal and unlawful activity;
making or accepting cash payments of sums exceeding the statutory provisions;
collaboration in concealing or disguising the genuine nature, origin, movement or ownership of the resources, property or rights derived from the above-mentioned acts;
retaining the proceeds of criminal activity; and
conspiring to commit or the aiding and abetting of any offence under the Money Laundering Act.

Born2Breed:
Those writing about anti money laundry should please read before posting.

There is no law against the conversion of Naira to Dollars if the source of fund is legal. Atiku alone is worth billions of naira LEGITIMATELY.

These witch hunting won't stop Buhari from returning to Daura. Daura needs him more now than ever.

seanfer:


Is carrying $2 Million cash not against the Law?...

Joshmodest:
And they are just finding out , few days to the election...Nigeria is running a military regime...
Buhari is a military and a lawless ruler..and I hope he leaves for a democratic ruler !!!

SarkinYarki:
nonsense you can't stop the opposition from funding their campaign !!!! how does changing money at at licensed BDC translate to money laundering

Born2Breed:
Those writing about anti money laundry should please read before posting.

There is no law against the conversion of Naira to Dollars if the source of fund is legal. Atiku alone is worth billions of naira LEGITIMATELY.

These witch hunting won't stop Buhari from returning to . Daura needs him more now than ever.

myboy2111:

See this olodo

Born2Breed:


Na woman born this one?

Spits!!!

myboy2111:

Your School fees should be returned to your parent

TheFreeOne:
Buhari is scared of the loss staring him in the face hence his clampdown on opposition