Money laundering: Lagos Court adjourns trial of Lebanese, accomplice

The Federal High Court in Lagos has rescheduled the arraignment of an alleged money launderer, Kayode Philip, alias Voice of the King, and his Lebanese accomplice, Hamza Koudeih, to Thursday.

Philip and Koudeih are facing 24 counts filed against them by the Economic and Financial Crimes Commission.

Their arraignment, which was scheduled for Monday before Justice Muslim Hassan, could not hold as Koudeih’s lawyer, Abdulamid Mohammed, said he had yet to receive the charge sheet against his client.

The lawyer told the judge he was only informed on Sunday the matter would come up in Lagos on Monday.

Mohammed prayed Justice Hassan to adjourn the case to enable him to study the charge sheet.

But the prosecuting counsel for the EFCC, Rotimi Oyedepo, opposed the prayer for an adjournment.

Justice Hassan, in a short ruling, said he would like to exercise caution and adjourned the case.

He adjourned till Thursday, November 28 for arraignment.

In the first count, the EFCC alleged that Philip and Koudeih conspired to convert the aggregate sums of $7.06m and €80,000, “which sums you reasonably ought to have known form part of proceeds of fraud.”

The prosecution said the duo acted contrary to Sections 18(a) and 15(2)(d) of the Money Laundering (Prohibition) Act and were liable to be punished under Section 15(3) of the same Act.

The EFCC had on October 26 arrested Koudeih in his multi-million dollar Victoria Island luxury apartment in Lagos.

The EFCC claimed that Koudeih paid an annual rent of $5m for the apartment in the 33-storeyed Eko Atlantic Pearl Tower, VI. Punch

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