Two men, including a Diamond Bank employee, on Friday appeared in a Federal High Court, Abuja, charged with money laundering, false declaration of assets and fraud to the tune of one million dollars.
Sada Adamu and Babatunde Faro, the bank worker, were arraigned before Justice Nnamdi Dimgba by the Economic and Financial Crimes Commission (EFCC).
Adamu was alleged to have made cash payment of the said sum exceeding the N5 million threshold stipulated by law, to Faro.
According to the charge sheet, the accused committed the crime on March 2, 2016 by paying the money directly to Faro without passing through a financial institution.
The alleged offence is in breach of Section 1(a) of the…
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