Former SMEDAN boss, Bature Masari arraigned over N104.7m money laundering scam

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Former?SMEDAN boss,?Bature Masari arraigned over N104.7m money laundering scam

The Economic and Financial Crimes Commission (EFCC) on Tuesday, April 9, 2019, arranged former Director General of SMEDAN, Bature Umar Masari before a Federal High Court in Abuja, following his alleged involvement in N107.7million money laundering and proceeds of gratification.

 

The EFCC is prosecuting Masari on a 17- count charge of alleged money laundering before Justice Okon Abang. When the charge was read to Masari on Tuesday, he pleaded not guilty to the alleged financial crime while his lawyer, Mr A. Magaji (SAN), urged the court to admit his client to bail.

 

Magaji, who came by way of oral application, argued that his client is entitled to bail and urged the court to grant him temporary freedom. Prosecution counsel, Ekele Ihenacho, opposed the oral application by the senior advocate.

 

According to the prosecution counsel, there is the need for the senior advocate to place material facts on behalf of his client before the court, saying that the development will…



Linda Ikeji