A former governor of Abia state, Orji Uzor Kalu, who was first arraigned in 2007 by the Economic and Financial Crimes Commission (EFCC) on 96 counts charge of money laundering during his tenure as governor of Abia State between1999 and 2007, has been re-arraigned before a Federal High Court in Lagos State.
The amended charges brought by the EFCC bears a 34 counts charge on money laundering.
The EFCC claims that the former governor and two others, laundered funds that were illegally derived from the Treasury of Abia State.
They used the stolen funds to set up a company known as Slok Nigeria Limited; a company which is said to be solely owned by Uzor Kalu and his family.
They in turn used the company to launder the monies stolen from the Abia State treasury by coverting them into several bank drafts and paying them into the account of Slok Nigeria Limited in order to seem legitimate.
The former governor and his co-accused persons are said to have used different banks – Manny Bank (now Fidelity Bank Plc), Spring Bank Plc, the defunct Standard Trust Bank and Fin Land Bank (now First City Monument Bank) to launder the monies stolen.
They all pleaded not guilty to all the charges.
The matter was adjourned to December 12 and 13 for trial.
Written by Okolo Ezinne