Court orders man remanded over alleged N700m money laundering

Guardian | 20-06-2026 04:35am |

The Economic and Financial Crimes Commission (EFCC) has brought charges against Osaretin Osagiede in a Federal High Court in Lagos, alleging his involvement in a money laundering scheme involving the sum of N700 million. Following the arraignment, the court ordered that Osagiede be remanded in custody as the case proceeds. The EFCC has been actively pursuing individuals suspected of financial crimes, and this case is part of their ongoing efforts to combat money laundering in the country. Further proceedings in the matter are expected to take place in the coming weeks.

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