Former Lagos speaker Ikuforiji acquitted of N300m money laundering charge

Adeyemi Ikuforiji, a former speaker of the Lagos state House of Assembly has been acquitted of a N338.8 million money laundering charge by a federal high court alongside his personal assistant Oyebode Atoyebi.

The Economic and Financial Crimes Commission (EFCC) had arraigned Ikuforiji and Atoyebi on a 54-count charge bordering on alleged money laundering. They were accused of allegedly accepting cash payments of N338.8 million from the House of Assembly without going through a financial institution.

The defendants who were first arraigned before Okechukwu Okeke, a judge at the federal high court in 2012, were acquitted on Monday, June 24.