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Money laundering

Jun 24, 2025

FRN vs Precious Williams (Director of Glossalalia Nigeria Ltd and Pelenged Nigeria Ltd)

Humans

Precious Williams

Money bag

N13,800,000,000.00
Amount allegedly laundered

Money bag

Case Summary
The accused was alleged to have directly took possession of the said sum from one Maxwell Chizi Odum (still at large) and MBA Trading and Capital Investment Limited (at large) through her Bank Account, when she reasonably ought to have known that the said funds formed part of the proceeds of the unlawful activities, of Maxwell Chizi Odum (still at large) and MBA Trading and Capital Investment Limited (at large) of obtaining money under false pretence from one Christian I. Agadaga and over three thousand (3000) other unsuspecting members of the Nigerian public, under the pretext that it was for investment purposes that will yield for them 10% to 15% interest per month, and, thereby committed an offence contrary to Section 15 (2)(b) of the Money Laundering (Prohibition) Act, 2011 (as amended) and punishable under Section 15(3) of the same Act.

Calendar

8
Day(s) since arraignment

Gavel

Case Update
In view of the defendant's plea, the trial judge held that she be remanded in the Port Harcourt Correctional Center and adjourned the matter for the hearing of the bail application.

Court house

Hon. Justice Sa’adatu Ibrahim Mark
Federal High Court, Port-Harcourt, Rivers

Legislation

ACJA/ACJL Compliance - not applicable

Case Information
Precious Williams
Presiding Judge & Designated Court
Hon. Justice Sa’adatu Ibrahim Mark, Federal High Court, Port-Harcourt, Rivers
Nature and Number of Charges
14-count charge bordering on conspiracy, advance fee fraud, obtaining money under false pretence and money laundering.
Date of 1st Arraignment
Jun 16, 2025
Summary of Case
The accused was alleged to have directly took possession of the said sum from one Maxwell Chizi Odum (still at large) and MBA Trading and Capital Investment Limited (at large) through her Bank Account, when she reasonably ought to have known that the said funds formed part of the proceeds of the unlawful activities, of Maxwell Chizi Odum (still at large) and MBA Trading and Capital Investment Limited (at large) of obtaining money under false pretence from one Christian I. Agadaga and over three thousand (3000) other unsuspecting members of the Nigerian public, under the pretext that it was for investment purposes that will yield for them 10% to 15% interest per month, and, thereby committed an offence contrary to Section 15 (2)(b) of the Money Laundering (Prohibition) Act, 2011 (as amended) and punishable under Section 15(3) of the same Act.
Defendant(s) and Plea entered on Arraignment
1. Precious Williams (Director of Glossalalia Nigeria Ltd and Pelenged Nigeria Ltd) – Not guilty
Defence Counsel(s)
1. Tochukwu Maduka, SAN (Lawyer)
Prosecuting Agency
Economic and Financial Crimes Commission
Prosecutor(s)
1. E. K. Bakam (Lawyer)
Status of Case
On Trial
Stage of Trial
Prosecution Stage
Length of Trial
8 day(s)
Case Update
In view of the defendant's plea, the trial judge held that she be remanded in the Port Harcourt Correctional Center and adjourned the matter for the hearing of the bail application.
ACJA/ACJL Compliance
Not Applicable