Justice Friday Ogazi of the Federal High Court, Lagos, on Wednesday, ordered the remand of a businessman, Benjamin Emmanuel, at the Ikoyi Custodial Centre of the Nigerian Correctional Service (NCoS) over alleged fraud and money laundering involving ₦87 million.

Emmanuel was arraigned before the court by operatives of the Police Special Fraud Unit (PSFU), Ikoyi, Lagos, in a case marked FHC/L/770c/25.

At Wednesday’s sitting, the prosecutor, Chief Superintendent of Police Yakubu Momoh, told the court that the defendant committed the offences in June 2025.

According to him, Emmanuel acquired, retained, and took possession of funds belonging to one Onibonokuta Evans, knowing that the money formed part of the proceeds of an unlawful act. He alleged that the defendant subsequently converted the ₦87 million for personal use.

Momoh said the alleged acts contravened Sections 18(2)(b) and 18(2)(d) of the Money Laundering (Prevention and Prohibition) Act, 2022, and are punishable under Section 18(3) of the same law.

One of the counts reads:

“That you, Benjamin Umanah Emmanuel, on or about June 2025 in Lagos, within the jurisdiction of this Honourable Court, with intent to defraud, did directly convert to your own use and benefit the sum of Eighty-Seven Million Naira (₦87,000,000.00), knowing or reasonably ought to have known that the said sum forms part of the proceeds of an unlawful act, and thereby committed an offence contrary to section 18(2)(b) of the Money Laundering (Prevention and Prohibition) Act, 2022, which is punishable under section 18(3) of the same Act.”

The defendant pleaded not guilty to the charge.

Following the plea, Justice Ogazi ordered that he be remanded at the Ikoyi Custodial Centre and adjourned the matter until October 10, 2025, for commencement of trial.

Add TheNigeriaLawyer On Google News _______________________________________________________________________ New Year Promo: Get Five Maritime Law Books For N150,000 — 63% Discount The promotion, which commenced on January 8 and runs until February 8, 2026, offers five core maritime law books authored by Dr. Emeka Akabogu, SAN, ordinarily valued at N405,000, for just N150,000 — a 63% discount. Interested buyers can place their orders through the following channels: Phone: 0704 329 3271 Online Store: https://paystack.shop/aa-bookstore Website: www.akabogulaw.com _______________________________________________________________________ The Law And Practice Of Redundancy In Nigeria: A Practitioner’s Guide, Authored By A Labour & Employment Law Expert Bimbo Atilola _______________________________________________________________________

[A MUST HAVE] Evidence Act Demystified With Recent And Contemporary Cases And Materials

“Evidence Act: Complete Annotation” by renowned legal experts Sanni & Etti.

Available now for NGN 40,000 at ASC Publications, 10, Boyle Street, Onikan, Lagos. Beside High Court, TBS. Email publications@ayindesanni.com or WhatsApp +2347056667384. Purchase Link: https://paystack.com/buy/evidence-act-complete-annotation

______________________________________________________________________ ARTIFICIAL INTELLIGENCE FOR LAWYERS: A COMPREHENSIVE GUIDE Reimagine your practice with the power of AI “...this is the only Nigerian book I know of on the topic.” — Ohio Books Ltd Authored by Ben Ijeoma Adigwe, Esq., ACIArb (UK), LL.M, Dip. in Artificial Intelligence, Director, Delta State Ministry of Justice, Asaba, Nigeria. Bonus: Get a FREE eBook titled “How to Use the AI in Legalpedia and Law Pavilion” with every purchase.

How to Order: 📞 Call, Text, or WhatsApp: 08034917063 | 07055285878 📧 Email: benadigwe1@gmail.com 🌐 Website: www.benadigwe.com

Ebook Version: Access directly online at: https://selar.com/prv626