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Money laundering

May 14, 2025

FRN vs Olugbenga Obadina (Managing Director of Almond Projects Limited) & 1 other

Humans

Olugbenga Obadina
& 1 other

Money bag

N648,000,000.00
Amount allegedly laundered

Money bag

Case Summary
Mr. Obadina allegedly collected a sum of N2,417, 000,000.00 (Two Billion, Four Hundred and Seventeen Million Naira), paid into his company’s account in tranches, between 2013 and 2015 from the account of the Office of the National Security Adviser, ONSA, under Col. Sambo Dasuki (rtd) without contract award. The offence is contrary to Section 15(2), (d) of the Money Laundering (Prohibition) Act 2011 as amended in 2012 and punishable under Section 15(3) of the same Act.

Calendar

3,225
Day(s) since arraignment

Gavel

Case Update
The prosecution closed its case after presenting four witnesses. The defendant in his statement told the court that he was invited by the former National Security Adviser, Colonel Sambo Dasuki (retd) sometime in 2013 to discuss developing a Solar Farm Project and confirmed that the receipt of N2,017,190,000 from ONSA between 13/05/2013 and 16/04/2015 without any no contract award, agreement or Memorandum of Understanding (MoU) with the Federal Government.

Court house

Hon. Justice James K. Omotosho
Federal High Court, Maitama, Abuja

Legislation

ACJA/ACJL Compliance - violated

Case Information
Olugbenga Obadina & 1 other
Presiding Judge & Designated Court
Hon. Justice James K. Omotosho, Federal High Court, Maitama, Abuja
Nature and Number of Charges
8-count charge bordering on criminal breach of trust, corruption and money laundering
Date of 1st Arraignment
Jul 15, 2016
Summary of Case
Mr. Obadina allegedly collected a sum of N2,417, 000,000.00 (Two Billion, Four Hundred and Seventeen Million Naira), paid into his company’s account in tranches, between 2013 and 2015 from the account of the Office of the National Security Adviser, ONSA, under Col. Sambo Dasuki (rtd) without contract award. The offence is contrary to Section 15(2), (d) of the Money Laundering (Prohibition) Act 2011 as amended in 2012 and punishable under Section 15(3) of the same Act.
Defendant(s) and Plea entered on Arraignment
1. Olugbenga Obadina (Managing Director of Almond Projects Limited) – Not guilty
2. Almond Projects Limited (Company) – Not guilty
Defence Counsel(s)
1. Chris Uche (Senior Advocate of Nigeria)
Prosecuting Agency
Economic and Financial Crimes Commission
Prosecutor(s)
1. Aso Larry Peters (Lawyer)
Status of Case
On Trial
Stage of Trial
Prosecution Stage
Length of Trial
3,225 day(s)
Case Update
The prosecution closed its case after presenting four witnesses. The defendant in his statement told the court that he was invited by the former National Security Adviser, Colonel Sambo Dasuki (retd) sometime in 2013 to discuss developing a Solar Farm Project and confirmed that the receipt of N2,017,190,000 from ONSA between 13/05/2013 and 16/04/2015 without any no contract award, agreement or Memorandum of Understanding (MoU) with the Federal Government.
ACJA/ACJL Compliance
Violated