Wednesday, March 26, 2025 - Justice Deinde Dipeolu of the Federal High Court has ordered the remand of a businessman, Sunday Okorie, at the Ikoyi Correctional Centre for allegedly failing to declare $299,000 and being in possession of counterfeit foreign currency.
The Economic and Financial Crimes Commission (EFCC) arraigned Okorie on
four counts of money laundering and unlawful importation of counterfeit
currency.
Prosecutor, Chineye Okezie told the court that Okorie concealed the
undeclared funds in relaxer containers at the Murtala Muhammed International
Airport, Ikeja, on March 19, 2025.
He was also accused of importing and possessing counterfeit $50 bills,
totaling $250, with specific serial numbers.
The prosecution stated that the alleged offences violated the Money
Laundering (Prevention and Prohibition) Act, 2022, and the Counterfeit Currency
(Special Provisions) Act.
Okorie pleaded not guilty, and his counsel, Uche Okoronkwo, requested
that he be remanded in EFCC custody.
However, the judge ruled for his remand in prison and adjourned the
trial to March 26, 2025.
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