Justice Mohammed Liman of a Federal High Court in Lagos has acquitted a former speaker of the Lagos State House of Assembly, Adeyemi Ikuforiji and his former aide, Oyebode Atoyebi, of 54-counts of money laundering.
Delivering judgment, Justice Liman held that the prosecution failed to discharge the burden of proof placed on it by the provisions of the law.
Ikuforiji was charged by the Economic and Financial Crimes Commission (EFCC) alongside Atoyebi on a 54-count charge bordering on alleged N338.8 million money laundering, which they had pleaded not guilty and were allowed to continue on an earlier bail granted to them in 2012 when they were first arraigned.
The offences, according to the EFCC, contravenes the provisions of Sections 15 (1d), 16(1d) and 18 of Money Laundering Act, 2004 and 2011.
