A businessman named Sunday Okorie has been placed under detention at the Ikoyi Correctional Centre by Federal High Court Justice Deinde Dipeolu for allegedly failing to disclose $299,000 and possessing counterfeit foreign currency.
The Economic and Financial Crimes Commission (EFCC) arraigned Okorie on four counts of money laundering and unlawful importation of counterfeit currency.
Prosecutor Chineye Okezie told the court that Okorie concealed the undeclared funds in relaxer containers at the Murtala Muhammed International Airport, Ikeja, on March 19, 2025.
He was also accused of importing and possessing counterfeit $50 bills, totaling $250, with specific serial numbers.
The prosecution stated that the alleged offenses violated the Money Laundering (Prevention and Prohibition) Act, 2022, and the Counterfeit Currency (Special Provisions) Act.
Okorie pleaded not guilty, and his counsel, Uche Okoronkwo, requested that he be remanded in EFCC custody.
However, the judge ruled for his remand in prison and adjourned the trial to March 26, 2025.
Written By Vanessa Onah