{"id":25372,"date":"2020-07-28T14:11:05","date_gmt":"2020-07-28T14:11:05","guid":{"rendered":"http:\/\/watchdogplusmedia.com\/?p=25372"},"modified":"2020-07-28T14:11:20","modified_gmt":"2020-07-28T14:11:20","slug":"efcc-arraigns-md-firm-for-failure-to-report-huge-transfers","status":"publish","type":"post","link":"https:\/\/watchdogplusmedia.com\/?p=25372","title":{"rendered":"EFCC arraigns MD, firm for failure to report huge transfers"},"content":{"rendered":"\n
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The Economic and Financial Crimes Commission (EFCC) has arraigned a firm, Renocon Properties Development Limited, and its Managing Director, Babatunde Morakinyo, for allegedly failing to report to it in writing, the transfer of $1.29m and N46 million to a company\u2019s account.<\/p>\n\n\n\n

Morakinyo and the company were arraigned on a six count charge bordering on money laundering on Monday.<\/p>\n\n\n\n

In the charges filed before Justice Rilwan Aikawa at the Federal High Court in Lagos, Morakinyo was accused of failing to report in writing to the EFCC four single transfers of $1m, $290,703, N16m and N30m into the bank account of Renocon Properties Development Limited.<\/p>\n\n\n\n

The EFCC<\/a> also revealed that the transactions were made between 2013 and 2015.<\/p>\n\n\n\n

According to the anti-graft agency, Morakinyo and Renocon Properties Development Limited contravened Section 10(1) of the Money Laundering (Prohibition) Act 2011.<\/p>\n\n\n\n

The defendants however pleaded not guilty, just as the judge adjourned till October 15, 2020 for commencement of trial.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Economic and Financial Crimes Commission (EFCC) has arraigned a firm, Renocon Properties Development Limited, and its Managing Director, Babatunde Morakinyo, for allegedly failing to report to it in writing, the transfer of $1.29m and N46 million to a company\u2019s account. Morakinyo and the company were arraigned on a six count charge bordering on money […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"none","_mi_skip_tracking":false},"categories":[3],"tags":[],"yoast_head":"\nEFCC arraigns MD, firm for failure to report huge transfers » WatchDog Plus Media<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/watchdogplusmedia.com\/?p=25372\" \/>\n<meta name=\"author\" content=\"Odofin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/watchdogplusmedia.com\/?p=25372#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/watchdogplusmedia.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Crime\",\"item\":\"https:\/\/watchdogplusmedia.com\/?cat=3\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"EFCC arraigns MD, firm for failure to report huge transfers\"}]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"EFCC arraigns MD, firm for failure to report huge transfers » WatchDog Plus Media","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/watchdogplusmedia.com\/?p=25372","author":"Odofin","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"BreadcrumbList","@id":"https:\/\/watchdogplusmedia.com\/?p=25372#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/watchdogplusmedia.com\/"},{"@type":"ListItem","position":2,"name":"Crime","item":"https:\/\/watchdogplusmedia.com\/?cat=3"},{"@type":"ListItem","position":3,"name":"EFCC arraigns MD, firm for failure to report huge transfers"}]}]}},"rttpg_featured_image_url":null,"rttpg_author":{"display_name":"Odofin","author_link":"https:\/\/watchdogplusmedia.com\/?author=2"},"rttpg_comment":0,"rttpg_category":"<a href=\"https:\/\/watchdogplusmedia.com\/?cat=3\" rel=\"category\">Crime<\/a>","rttpg_excerpt":"The Economic and Financial Crimes Commission (EFCC) has arraigned a firm, Renocon Properties Development Limited, and its Managing Director, Babatunde Morakinyo, for allegedly failing to report to it in writing, the transfer of $1.29m and N46 million to a company\u2019s account. Morakinyo and the company were arraigned on a six count charge bordering on money…","_links":{"self":[{"href":"https:\/\/watchdogplusmedia.com\/index.php?rest_route=\/wp\/v2\/posts\/25372"}],"collection":[{"href":"https:\/\/watchdogplusmedia.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/watchdogplusmedia.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/watchdogplusmedia.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/watchdogplusmedia.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=25372"}],"version-history":[{"count":-4,"href":"https:\/\/watchdogplusmedia.com\/index.php?rest_route=\/wp\/v2\/posts\/25372\/revisions"}],"wp:attachment":[{"href":"https:\/\/watchdogplusmedia.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=25372"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/watchdogplusmedia.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=25372"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/watchdogplusmedia.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=25372"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}