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Osagie Ize-Iyamu, Appears In Court Today Over N700m Alleged Fraud - APC Candidate In Edo | MadNaija
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Osagie Ize-Iyamu, Appears In Court Today Over N700m Alleged Fraud – APC Candidate In Edo

Osagie Ize-Iyamu, Appears In Court Today Over N700m Alleged Fraud – APC Candidate In Edo

He’s being tried on an eight-count cost of cash laundering to the tune of N700 million reportedly deployed to prosecute the 2015 basic elections.

The All Progressive Get together candidate within the September 19, 2020 gubernatorial election in Edo state, Pastor Osagie Ize-Iyamu, can be arraigned earlier than the Federal Excessive Courtroom, Benin Metropolis in the present day July 2 over an alleged N700 million fraud case levelled in opposition to him by the EFCC.

Ize-Iyamu and 4 others are being arraigned in courtroom on an eight-count cost of cash laundering to the tune of N700 million reportedly deployed to prosecute the 2015 basic elections. The opposite 4 accused individuals are Fortunate Imasuen, former deputy governor of Edo State, Chief Dan Orbih, PDP chairman in Edo State; Tony Aziegbemi, and Efe Erimuoghae.

The anti-graft company within the go well with marked FHC/BE21C/ 2016, allege that Ize-Iyamu and the 4 different accused individuals collected the general public funds for the polls, opposite to the provisions of the EFCC Act and the Cash Laundering (Prohibition) Act.

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Ize-Iyamu and different defendants had been first arraigned earlier than Justice P. I. Ajoku on cash laundering on Could 24, 2018.

One of many counts learn:

“That you just Pastor Osagie Ize-Iyamu, Fortunate Imasuen, Tony Azigbemi, Chief Dan Orbih, Efe Erimuoghae Anthony and Chief Anthony Anenih (now at massive) someday March 2015 in Benin throughout the jurisdiction of this Honourable Courtroom did instantly take possession and management of the sum of 700,000,000.00 (seven hundred million naira) solely with none contract award which sum you fairly should have recognized type a part of proceeds of an illegal act, to wit; fraud and corruption; and thereby dedicated an offence opposite to Part 15(2)(d) of the Cash Laundering (Prohibition) Act 2011 (as amended by the Cash Laundering (Prohibition) Modification Act 2012 and punishable underneath Part 15(3)of the identical Act”.

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