The Economic and Financial Crimes Commission (EFCC) brought charges against Muhammad Lamido and his company, Aliqea Group UAE, for an alleged N105 million fraud.
The charges include conspiracy, obtaining by false pretense, and money laundering, with the offenses dating back to July 19, 2023.
The prosecution claims that Lamido conspired to defraud First Right Enterprises of the mentioned amount, falsely asserting he had the equivalent in dollars for exchange.
Additionally, the EFCC accuses Lamido and his company of attempting to conceal N130,200,000 and N173 million, respectively, through money laundering.
During the arraignment, Lamido pleaded not guilty, and his counsel requested that he remain in EFCC custody. The defense filed a bail application, which faced objection from the prosecution, arguing against granting bail due to concerns about the defendant’s future court appearances.
The defense asserted that Lamido, under EFCC care, would attend court dates and presented a medical care context. The court adjourned the matter to December 13, 2023.
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