Seized $498,000: Police Arraign Lawmaker For Money  Laundering In Rivers

The Nigeria Police Force, NPF, Rivers State Command have arraigned a member of the House of Representatives for Port Harcourt City Local Government Constituency II, Chinyere Igwe, at the Federal High Court sitting in Port Harcourt for alleged money laundering.

Igwe, a campaigner for the presidential candidate of the People’s Democratic Party(PDP), Atiku Abubakar,  was arrested by the police in Port Harcourt on the eve of the just-concluded Presidential election with $498,000 and a distribution list.

He was on Wednesday brought to the court on one count of money laundering.

The lawmaker, according to the charge sheet, was seen in possession of $498,000 on the 24th day of February 2023 without reporting to the Central Bank of Nigeria (CBN).

When the charge was read, Igwe pleaded not guilty to the charge and his legal representative made an application for bail but the police raised some objections. 

The trial Judge, Justice Stephen Daylop-Pam, after listening to the arguments and submissions adjourned till 14th of March, 2023 for bail consideration.

He also directed that the accused person be sent to the Nigerian Police Clinic for attention on a medical report about his health.

The Nation


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