A witness testifying on behalf of the Economic and Financial Crimes Commission, EFCC, alleged that Ikuforiji and Atoyebi, engaged in about 57 monetary transactions without passing through financial institutions as required by law.
Both men are being prosecuted by the EFCC on a 54-count charge bordering on receiving over N600 million from the Lagos State House of Assembly without passing through a financial institution in contravention of the law.
The offences, allegedly committed between April 2010 and July 2011, were said to contravene Section 18 (a) of the Money Laundering (Prohibition) Act 2011.
The trial was midway before the former trial judge, Justice Okechukwu Okeke, whose retirement, a few months ago, necessitated that the matter should start afresh.
At the fresh trial which started before Justice Ibrahim Buba yesterday, the first witness called by the prosecution, Mr. Adeniyi Adebayo, who is an EFCC investigator, alleged in his testimony that the cash transactions, which the Speaker in collaboration with his aide engaged in, were above the threshold prescribed by the Money Laundering Act.
In an examination-inchief conducted by the EFCC counsel, Mr. Godwin Obla (SAN), Adebayo said the EFCC received a petition concerning alleged siphoning of public funds against the speaker.
"NationalMirror"
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