In accordance with the Administration of Criminal Justice Act, the Economic and Financial Crimes Commission (EFCC) has withdrawn money laundering charges from Idris Okuneye, also known as Bobrisky, during his trial. According to Special Control Unit against Money Laundering (SCUML) disclosure, the charges were dropped because Okuneye’s company, Bob Express, was not designated as a non-financial institution, business, or profession (DNFIBP) and could not be prosecuted for violating the Money Laundering Prevention & Prohibition Act, 2022.
Based on Okuneye’s confession that his company, Bob Express, was not registered with SCUML and was not providing returns to it, the prosecution team first filed six counts of Naira Abuse and Money Laundering against him. The Unit replied that it was not a Designated Non-Financial Institution, Business and Profession, DNFIBP, and that it could not be prosecuted for breaking the Money Laundering Prevention & Prohibition Act, 2022, when the EFCC wrote to SCUML on the firm’s status.
Heading the prosecution team for Okuneye’s trial, Bala rejected allegations that Okuneye was financially induced to drop charges, saying that such an action could not possibly have any substance. The EFCC is dedicated to making all of the information related to Okuneye’s trial publicly available and takes the honesty of its employees very seriously.
