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A former Managing Director of the Nigerian Railway Corporation (NRC), Fidet Edetanle, has been arraigned by the Economic and Financial Crimes Commission (EFCC) on charges of money laundering involving $385,000 and N165.5 million.
NAN reported that Edetanle is standing trial before an Ikeja Special Offences Court on a seven-count charge bordering on abuse of office, money laundering and unlawful enrichment by a public official.
The EFCC counsel, Abba Muhammad (SAN), told the court that Edetanle violated the Public Procurement Act, 2007, in the award of contracts to contractors of the corporation, with the intent of obtaining undue advantage for himself and engaged in money laundering while he was in office between May 29 and Sept. 11, 2024.
According to the EFCC, the funds were proceeds of unlawful activities and were transferred to the bank account of one Mr Ehimen Okhiria, domiciled with ABN AMRO Bank in the Netherlands.
The defence counsel, Adebowale Kamoru, prayed for a short adjournment for arraignment, but the court denied the application and ordered that the defendant’s plea be taken.
He subsequently requested a brief adjournment to enable him file a bail application.
Justice Rahman Oshodi adjourned the case until May 13 for the commencement of trial and ordered that the defendant be remanded in a maximum correctional facility pending the determination of his bail application.
