₦airaland Forum

Your first post quoted a law and your conclusion was that it needs not be the proceeds of crime for it to be money laundering. You are the one who clearly are not sure of what you are saying. I have always been consistent

adanny01:
You are turning in circles.

Suspicion of what? Money laundering. What is money laundering? Crime or not?

From what i know, a lot of the arrest we claim in Nigeria may not be but we use the language to describe presence in the police station, barracks, or in this case EFCC.

What EFCC does is to invite you for questioning and it can take days and they could also detain.

Check out how Daily trust puts it

You initially said its a crime now you say it is suspicion that EFCC is investigating. Your new position means we no more have a disagreement. EFCC has to prove that the funds are proceeds of crime. They have to prove this beyond reasonable doubt. That is the burden of proof for criminal prosecution.

But why arrest before thorough investigation? You can visit persons of interest and question them but arresting people without having hard evidence of commission of crime is wrong. As we speak, EFCC has not told us that they have evidence that the monies are proceeds of crime.. The rule of law particularly fundamental human rights should not be trampled upon. Visit for questioning and arrest when you have a case against them. That's what is done in sane climes

adanny01:
It raises suspicion which the EFCC is still investigating, at the conclusion which they will take the matter to court citing exactly the section of the act which has been contravened.

Why the outcry when the matter is still under investigation.



Besides, what is suspicion? Is it not based on suspicion that a person becomes a suspect who can be arrested? Being a suspect should not be reduced to merely.

Nope.. It merely raises a suspicion and a presumption which needs to be proven. Banks are obliged to report such financial activities to EFCC but it does not constitute a crime simply because it raises suspicion. You should quote the section of the law in full and not in part so the import can be fully understood by readers.

adanny01:
The mere fact that money is moved from one acc to another to another to another with no purpose is money laundering. They are sometimes refered to as slush funds.

If i send $1.1m to you, you send $1m to mr A he sends $.9m to Company B etc. In other words, I am paying you 100k Mr A 100k company B 100k and so on but indirectly moving huge sums of money without economic justification.

Money laundering means the monies were originally proceeds of crime.. EFCC has not stated or proved this to be so. This is just media trial. Eventually they will fail to get a conviction.

Esseite:
The Economic and Financial Crimes Commission (EFCC) has insisted that Vice President Atiku Abubakar’s son-in-law, Abdullahi Babalele’s, was arrested for money laundering.


Many had queried the timing of the arrest, which coincided with the start of the Peoples Democratic Party (PDP) candidate’s legal battle against President Muhammadu Buhari’s election.

The Nation reported on Wednesday that Babalele is under investigation for alleged laundering of €150million.


Babalele was released on bail on Tuesday after days of interrogation. His passport was, however seized by the EFCC.

But Mr. Uyi Giwa-Osagie (Atiku’s lawyer) is still in custody. The agency said about €67,950,000 of the €150m has been traced to the accounts of him, Babalele, two slush firms and two Bureau De Change operators.

Of the €67.9m, Uyi’s account received 26,050,00million Euro between January 9th and 28th, 2019. Babalele is expected to account for 41,900,000 Euro.


Meanwhile, the EFCC has released more details of transactions involving Osagie.

A document said: “On receipt of this intelligence the team booked to Lagos Island market and arrested two BDC operators namely: Abdullahi Shehu who works with Abdullahi Munaciki of Hasbunallahu BDC, Abuja and Lawal A. Abdullahi of Three Brother BDC.

“Also the team recovered the said $1.6million USD but already $141,000.00 USD had been exchanged to Naira at N358/ per dollar which amounted to N50,500,000.00 while the balance of $1,459.000.00 USD could not easily be exchanged due to the Naira scarcity in the market.


“Investigation conducted regarding the ownership as well as the source of the money so far revealed that Hasbunallahu BDC who is also the owner of Clean and Integrity Services Ltd received three transfers amounting to $5,000,000.00 USD on the 4th and 14th February, 2019 from Guernsey Trust Company Nigeria Limited which is an investment company that is being managed by Uyiekpan Giwa-Osagie in trust on behalf of Bleep.

”Investigation carried out on the accounts of Guernsey Trust Company Nig Ltd reveals that various transfers in millions of dollars and cash payments were made to various individuals and companies.”

The details of these transfers are as follows:

“On the 1st February, 2019, Abdullahi Munaciki of Hasbunallahu BDC received a transfer of $500,000 USD in his Guaranty Trust Bank Dollar Account Named: Clean & Integrity Services Ltd with Account number: 325/391103/2/1/0. The transfer came from Uyiekpan Giwa-Osagie of Guernsey Trust Company Nigeria Limited.

“On the 18th January, 2019, Root Capital Ltd received the sum of $1,000,000.00 into its account in Keystone Bank PPC from Guernsey Trust Company Nig Ltd account in Keystone Bank Plc. There after the naira equivalent was paid into Andrew Pitchford account by Spring Creek on behalf of Root Capital Ltd.

“On 4th February, 2019 another transfer in the sum of $1,500.000.00 USD was received into the said Clean & Integrity Services Ltd account in GTB from the same company Account Guernsey Trust company Nigeria Limited in keystone bank on Instruction of the said Uyiekpan Giwa-Osagie.

“The third transfer was made in bulk on 14th February, 2019 in the sum of $3,000,000.00 USD, similarly from Guernsey trust company Nigeria Limited in keystone bank to Clean & Integrity Services Ltd account in GTB.

“Painstaking investigation conducted on how the said Guernsey Trust Company Nigeria Ltd sourced the above mentioned $5,000,000.00 USD showed that the company received into its Keystone bank Euro Account number 1002523061 two Inflows of N13,050.000.00 Euro on 9th January, 2019 and N13.000,000.00 Euro on 28th January, 2019 totaling N26,050,000.00 Euro from one off-show company called Intels West Africa Limited.

“Further Investigation has shown that the said Euro inflows were converted to about $30,346,150.12 USD and transferred in tranches of $14,362.500.00 USD, $14,977,194.13 USD, and $1,000,000.00 USD to Guernsey Trust company Nigeria Limited’s Dollar Account number: 1003057653 to Keystone bank between 11th January and 12th February 2019.

“On the 18thJanuary, 2019 Guernsey Trust Company Nig Ltd paid the sum of $750,000.00 to Bluebeam Capital Ltd, the money was subsequently transferred to BLK Prestige Investment

“Also on the 29th January, 2019 Guernsey Trust Company Nig Ltd paid total sum of $2,065,934.00 to Capital filed Investment Group Ltd account in Keystone Bank Plc and the naira equivalent of the said amount in the sum of N856, 569,200.00 was paid in tranches to Andrew Pitchford Ltd account. The company is owned by one Mr. Erhunse Giwa Osagie, a brother to Mr. Uyiekpen Giwa Osagie.

“Furthermore on the 6th February, 2019, Guernsey Trust Company Nig Ltd paid Bluebeam Capital Ltd the sum of $1,000,000.00 the money was subsequently transferred to BLK Prestige Investment Ltd with UBA Zambia while the naira equivalent was paid into the account of Andrew Pitchford Ltd by Spring Creek Ltd on behalf of Bluebeam capital Ltd.

“Again on the 11th February 2019, Bluebeam Capital Ltd received the sum of $2,000,000.00 from Guernsey Trust Company Nig Ltd. On the instruction of Mr. Erhunse Giwa Osagie out of which the sum of $1,000,000.00 was transferred to account of BLK Prestige Investment Ltd United Bank for Africa in Zambia while the remaining $1,000,000.00 was converted into naira and paid into Sterling Bank Plc account of Andrew Pitchford Nig Ltd with account number 0689724732.”


http://dailypost.ng/2019/03/06/efcc-releases-bank-transactions-details-atikus-son-law-lawyers-arrest-emerge/amp/

You are right.

ayberry:
I weighed it and I believed... it’s my choice to believe bruh ... as I Av had encounters too tho I’ve not seen God myself but I’ve seen beings like a baby with wings clothed in white apparel.... you won’t belive because my elder ones at home ddidnt believe either , but thank goodness it wasn’t my eyes only that saw it that day my immediate bruh was with me .... two diff testimonies won’t lie

Actually Abraham hosted God and 2 angels and they all ate together.. The two angels later left God and Abraham to go and destroy Sodom and Gomorrah.

Also read your bible.. God came down to meet Moses on Mount Sinai and ate with him.

Spirits can eat! The bible refers to Manna that God rained from heaven as food for Israelites in the wilderness as "angels' food".

You don't have to believe. Only the deep can call out to the deep.

stephleena:
Yes I believe!..As long as his relationship with God is right.

Enoch walks with God..

Abraham hosted angels, they all ate together.

Sorry Republican (GOP). A typo error. Anyway, goodnight...

raumdeuter:
How did he become governor of Texas? Was it not because his father was President and was from Texas? What were his personal achievements that made him qualified for Texas Governor in the first place

BTW Bush were not from Democratic party

You should be thanking God and not the Cosmos

CosmicPhoenix:

you should be thanking the antibiotics not god

Bush Jr didnt just win based on influence. Influence is everywhere in life. But he was capable and had run Texas successfully as Governor. HE WAS CAPABLE and the delegates of the Democratic party knew this which was why they voted for him. Can you in all honesty say that tinubu's son has proven that he qualifies to be governor? Conspiracy theories about Clinton's victory at the primaries are just that... Theories. Rigging means falsification of election results.. People whose candidate(s) lost merely saying it does not prove anything. Where's the evidence. Even if I agree with you that it was rigged for Hillary, it simply proves my assertion that delegates have their own minds in USA and cannot be "directed" to vote for a candidate

raumdeuter:
How did George Bush become Governor to start with? was it not because of his fathers influence? All his presidential advisers from Cheeney to James Baker to Sununu to Quayle were all his fathers associate who were told to work for George W

Go nd research properly, The 2016 DNC ticket was rigged for Hillary, The Party chairman confirmed it
Below is Democratic Senator Elizabeth Warren confirming the same thing

https://www.bbc.com/news/world-us-canada-41850798

They have no such powers. Their relatives won based on merit and genuine and voluntary acceptance. You seem to have forgotten that Hillary had already proved her mettle as a very successful secretary of state under Obama. She lost the presidential ticket to obama by the way which goes to show that bill clinton lacked the power to determine the outcome of the primaries and general elections. Bush Jr had also already proved himself as governor earlier.. Not like tinubu's son who has never held any sensitive office whether public or private

raumdeuter:
Bush was also supported based on directive from his biological father to his friends in the Republican party

Just like Bill Clinton used his powers in the Democratic party to ensure that his wife got the Democratic ticket for presidency

Not the same.. People voting because of "directive from the godfather" is the differentiating factor.

raumdeuter:
If Tinubus son will be governor he will also have to be voted in by electorates within the party and the state

DIFFERENT SCENARIOS! Their father did not position and foist them on his party and country! He, in fact had no such power, influence and ability in America's democracy. They emerged because they were freely chosen.

raumdeuter:
We are waiting for it to happen first

And why cant it

George Bush Father and Son became American president while another son was Governor of Florida

Your eyes don't work well...

lilmax:
crap

she no even fine ......mtcheeeeeeeeeeeeeeeeeeeeew

She is!

kobosmart:
Them no even fine sef

Was it not the same Jesus that flogged the unrepentant merchandisers in the temple and also pronounced woes (curses) on the pharisees? Was it not Paul who cursed a man to go blind for a season? Was it not the same Paul that handed a man over to Satan to be tormented for a grievous sin? If a person is UNREPENTANTLY evil to the core, he should be hated. When he repents, he should be loved. I wonder why you are up in arms in defence of a wicked rapist who even went ahead to video the rape of a girl who was not even an adult (just 17) and therewith blackmailed her for more sex. Has he admitted he is guilty? Has he repented? Of course not! If they admitted the crime, there wouldn't have been need for the trial. The judge would just have passed judgement. These unrepentant rapists are the ones you want us to love. You must have something in common with them!

davodyguy:
Did Jesus tell you to hate any human being?

Your take is a wild conjecture with no possibility of correctness. Didn't you read that it was her room mate who lured her vide a phone call and the boy told her that her room mate was waiting for her at the rape scene?

cr7lomo:
My take on this is that she used to have sex with yinka...she followed yinka to have sex in the room, but yinka as a St.upid boy took advantage of her naivety and invited other guys to have sex with her...she couldn't do anything about it cos she was outnumbered

Ecclesiastes... (Go and do your research regarding the chapter and verse and don't be lazy).. There is a time to love and a time to hate... until they show genuine repentance and are truly sorry for their crime, they are abominable and should be hated.. You can go ahead and love them if you are birds of the same plumage

davodyguy:
I'm sure you're a Christian or claim to be a Christian. From which Bible verse did you learn how to hate?

Right. Doesn't appear intentional.. The story said it happened " while he was carrying the baby around". Sounds like an accident or carelessness.

Philomathhh:
Read well before spewing balderdash.

I only read this thread because I initially thought it was FFK Femi Fani Kayode

emmanuelex1:
What is FPP again? Is it a political party looooooiol

I am not taking sides but seems to me that this governor is willing to abandon his people in order to prove he is the president's good boy. One would have thought that redressing the alleged disenfranchisement of 300,000 voters in his state due to card reader malfunctioning should have been his priority

Nairatrenders:
https://www.google.com/amp/s/www.vanguardngr.com/2019/02/pdp-lost-300000-votes-to-card-readers-failure-in-ebonyi/amp/

That's a PDP source I guess.. Any APC credible source so we can have both sides?

Timijo:
PDP was ahead with about 6 million votes yesterday. This information came from a reliable source.

Just say you don't have the info... Or better still, don't say anything...

sanesta:
just be patient

Both PDP and APC already know who won the presidential election going by feedback from their agents in all the polling units.. Who can give us insider info on the assessment of the results by both parties?

Kwara has always been APC.. Not an upset bro

OAUTemitayo:
Kwara will take care of that!

You and all those who liked your post did not comprehend the story... INEC source said there are issues with results from Akpabio's local govt and that although the PDP candidate is currently leading, announcing the final results now would make Akpabio the winner but they need to resolve the issues (irregularities) that clearly favour Akpabio... INEC is not aiding Akpabio.

KidsNEXTdoor:
We already know that Akpabio lost....

So whatever you decide to forge later must Backfire