Alleged N650m fraud: EFCC rejects Akinjide’s out-of-court settlement

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Olajumoke Akinjide, former Minister of State of the Federal Capital Territory.

The Economic and Financial Crimes Commission (EFCC) on Thursday told a Federal High Court in Lagos on Thursday it rejected an offer for an out-of-court settlement by a former Minister of the Federal Capital Territory, Jumoke Akinjide.

Akinjide was charged along with former Minister of Petroleum Resources, Mrs Diezani Alison-Madueke, who is said to be at large, a former Senator, Ayo Adeseun and a Peoples Democratic Party (PDP) stalwart, Chief Olarenwaju Otiti.

They were accused of conspiring to directly take possession of N650 million which they reasonably ought to have known formed part of the proceeds of an unlawful act and without going through a financial institution.

Justice Muslim Hassan had adjourned at the last proceedings to enable both parties to conclude the settlement talks with EFCC after…



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