The EFCC has charged Miyetti Allah leader Bello Bodejo with alleged money laundering involving cash transactions worth $2.33 million.
The Economic and Financial Crimes Commission (EFCC) has arraigned Miyetti Allah leader Bello Abdullahi Bodejo before a Federal High Court over an alleged $2.33 million money laundering case.
Bodejo faces a 12-count charge accusing him of receiving and conducting large cash transactions without passing the funds through licensed financial institutions. An act contrary to Nigeria’s money laundering laws.
According to the EFCC, one of the charges alleges that Bodejo knowingly accepted cash payments exceeding the legal threshold without lawful authority. Prosecutors said the transactions violated provisions of the Money Laundering (Prevention and Prohibition) Act. One which requires high-value payments to be processed through financial institutions.
One count alleges that Bodejo received 980,000 US dollars in cash on 7 February 2024 in Abuja from Sa’idu Abubakar. The former Accountant-General of Bauchi State, who is currently in police custody. The EFCC argued that the transaction exceeded the statutory cash limit and was conducted outside the banking system.
The agency maintains that the alleged transactions breached Nigeria’s anti-money laundering regulations designed to improve transparency and combat financial crimes.
The case has been adjourned as the court begins hearing the EFCC’s allegations against Bodejo.
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