Home Courts Lagos court remands Indian over alleged $200,000 theft

Lagos court remands Indian over alleged $200,000 theft

stealing- lagospost.ng
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The Lagos Zonal Command of the Economic and Financial Crimes Commission has arraigned an Indian, identified as Chandra Prakash Singh, before Justice Nicholas Oweibo of the Federal High Court sitting in Ikoyi, Lagos.

The Indian was arraigned on Thursday on a seven-count charge bordering on stealing.

One of the counts reads: “That you, Chandra Prakash Singh, on or about the 16th December 2020, in Lagos, within the jurisdiction of this Honourable Court, removed monies from account number 3002518278 domiciled in UBA Nigeria to account number 0003 domiciled in Citibank N.A, New York United States of America, the sum of $90,000.00 (Ninety Thousand Dollars), which sum you reasonably ought to have known forms part of proceeds of your unlawful activity, and you thereby committed an offence contrary to Section 18(2)(c) of the Money Laundering Prohibition Act, 2011 as amended and punishable under Section 18 (3) of the same Act.”

Another count reads: “That you, Chandra Prakash Singh, on or the 2nd of December, 2021 in Lagos, within the jurisdiction of this Honorable Court removed monies from account number 3002518278 domiciled in UBA Nigeria to account number 0003 domiciled in Citibank N.A, New York United States of America, the sum of $78,000 (Seventy-eight Thousand Dollars), which sum you reasonably ought to have known forms part of proceeds of your unlawful activity, and you thereby committed an offence contrary to Section 18(2)(c) of the Money Laundering Prohibition Act, 2011 as amended and punishable under section 18 (3) of the same Act.”

Singh pleaded not guilty to the offence.

In view of his plea, the prosecution counsel, B.B. Bala, asked for the defendant’s remand and a date for trial.

Justice Oweibo remanded the defendant in the correctional facility and adjourned the matter till June 27, 2023, for the commencement of trial.

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