The Economic and Financial Crimes Commission ( EFCC) on Monday, 24th of December 2024, arraigned a businessman, Akindele Akintoye before Justice Emeka Nwite of the Federal High Court, Maitama, Abuja, on charges bordering on money laundering and contract fraud.
Akintoye, a Managing Director of Atlantic International Refinery and Petrochemical Limited, allegedly collected $35million from the Nigeria Content Development and Monitoring Board (NCDMB) to build a 2000 barrel-per-day refinery, jetty, gas plant, data centre, and tank farm at Brass Free Trade Zone, Okpoama community in Brass Local Government Area of Bayelsa State.
He allegedly received the funds through the bank account of Atlantic International Refinery and Petrochemical Limited and channeled the money into personal businesses and bureau de change outlets.
The defendant is facing a four-count charge filed on November 19, 2024. He pleaded “not guilty” after the charges were read to him and Justice Nwite ordered his remand at the Kuje Correctional Centre.
The judge subsequently adjourned the matter till December 31, 2024, for hearing on the bail application. [CONTINUE READING HERE]>>>>
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