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Tuesday, September 30, 2014

EFCC: Former MD, Nigerian Security Printing & Minting Company, Emmanuel Okoyomon to face money laundering charges

EFCC: Former MD, Nigerian Security Printing & Minting Company, Emmanuel Okoyomon to face money laundering charges 
There were indications last night that former Managing Director of the Nigerian Security Printing and Minting Company, NSPMC, Emmanuel Ehidiamhen Okoyomon, might be extradited to the United Kingdom to face trial over the lingering polymer notes scam in Nigeria.

Competent sources at the Economic and Financial Crimes Commission said that the extradition processes were being initiated through the office of the Attorney General of the Federation under a Mutual Legal Assistance request by the British Government.

Okoyomon who holds dual Nigerian and British citizenship was the chief executive of the NSMPC until November 2013 when he was suspended by the board of the Central Bank of Nigeria in the wake of the disappearance of printed N1000 notes worth N1.2 billion from the premises of the company in Abuja.

Before then, he had been under investigation since 2012 by the anti- graft agency following a request by the British National Crime Agency over a different matter, the alleged collection of multi-million Naira bribe from Securency of Australia for the printing of polymer notes for Nigeria.

The request followed discovery by Australian authorities that some Nigerian officials at the Central Bank of Nigeria and the Mint, received bribes and kickbacks from Securency Pty Ltd, a polymer substrate producing company for the contract to produce N20 polymer notes for the Central Bank of Nigeria between 2006 and 2008.

Findings by both British and Nigerian security agents reportedly established that the bribes were routed through offshore accounts in the UK and other jurisdictions

But EFCC sources confirmed last night that its investigations uncovered a web of forgery, identity fraud and money laundering running into millions of naira.

Vanguard
There were indications last night that former Managing Director of the Nigerian Security Printing and Minting Company, NSPMC, Emmanuel Ehidiamhen Okoyomon, might be extradited to the United Kingdom to face trial over the lingering polymer notes scam in Nigeria. - See more at: http://www.vanguardngr.com/2014/09/polymer-notes-ex-mint-boss-faces-forgery-money-laundering-charges/#sthash.gEvXAuXI.dpuf

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