Justice Friday Ogazi of the Federal High Court in Lagos on Wednesday ordered the remand of Benjamin Umanah Emmanuel over an alleged N87 million money laundering case.
Emmanuel was arraigned by the Police Special Fraud Unit (PSFU), Ikoyi, Lagos, on a two-count charge marked FHC/L/770c/25.
According to the prosecution led by Chief Superintendent of Police (CSP) Y. Momoh, the defendant in June 2025 acquired, retained and took possession of N87 million belonging to one Onibonokuta Kolawole Evans, knowing or reasonably suspecting the money to be proceeds of an unlawful act.
He was also accused of directly converting the funds to his own use and benefit.
The prosecutor said the alleged offences contravene Section 18(2)(b) and (d) of the Money Laundering (Prevention and Prohibition Act 2022) and are punishable under Section 18 (3) of the same act.
Emmanuel pleaded not guilty to the charges.
Justice Ogazi ordered that the defendant be remanded pending further hearing and adjourned the case until October 10.
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