Justice Nnamdi Dimgba of the Federal High Court, Abuja yesterday ordered that a businessman, Olugbenga Obadina, owner of Almond Projects Limited be remanded in Kuje prison, Abuja. The judge ordered that Obadina be kept in prison pending when his bail application will be determined. He adjourned to July 18. The decision by the judge to order Obadina’s remand was informed by the court’s inability to hear his bail application shortly after he was arraigned yesterday on charges of money laundering.
The Economic and Financial Crimes Commission (EFCC) arraigned Obadina and his company, Almond Projects Limited, on an eight-count charge bordering on criminal breach of trust, corruption and money laundering to the tune of N2.4billion.
Obadina allegedly collected a sum of N2, 417, 000,000.00 (two billion, four hundred and seventeen million naira) paid into his company’s account in tranches, between 2013 and 2015 from the account of the Office of the National Security Adviser, ONSA, under Col. Sambo Dasuki (rtd) without contract award.