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EFCC arraigns former railway managing director for alleged $385,000, N165m money laundering

Naija News • 5d ago
EFCC arraigns former railway managing director for alleged $385,000, N165m money laundering
The Economic and Financial Crimes Commission (EFCC) on Tuesday arraigned a former Managing Director of the Nigerian Railway Corporation (NRC), Fidet Edetanle, over allegations that he laundered $385,000 and N165 million. The sums, EFCC explained, were transferred to foreign accounts in the Netherlands during and shortly after his tenure at the state-owned rail agency. The judge, Rahman Oshodi of the Special Offences Court in Lagos, presided over the case. According to EFCC spokesperson Dele Oyewale in a statement on Tuesday, Mr Edetanle faces a seven counts of abuse of office, money laundering, and unlawful enrichment as a public official. The alleged offences violate Sections 332(1) and 332(3), Section 73(1), and Section 82(c) of the Criminal Law of Lagos State, 2011, EFCC said. In o...
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