(Nigeria) A business woman, Olawumi Olatoro, has, arraigned before a Federal High Court sitting in Lagos, over failure to declare 35 different currencies of various countries in her possession.
The accused is charged by Economic and Financial Crimes Commission, EFCC, on one count bordering on the alleged offence.
Before her arraignment, defence counsel, Mr Adewumi Adisa informed the court that the defence had written a letter to the EFCC, requesting for a plea bargain.
He urged the court to prevent the arraignment of the accused.
The trial judge, Justice Oluremi Oguntoyinbo in her observation, noted that plea bargain could only be possible where the accused is properly before the court.
She held that since the accused had not been arraigned, she was not yet before the court to even present the issue of a plea bargain.
The accused was consequently, arraigned on the charge, and she pleaded not guilty.
Defence counsel thereafter, urged the court to admit the accused to bail on liberal terms.
In a short ruling, Justice Oguntoyinbo granted the accused bail in the sum of N5 million with two sureties in like sum.
She added that the accused must submit her international passport with the Deputy Chief Registrar of the court.
She then fixed October 18 for trial.
In the charge, the accused was said to have committed the offence on Jan. 24 at the Murtala Mohammed International Airport.
The prosecutor, Mr A.M Ocholi told the court that the accused was arrested by officers of the Nigerian Custom Service, over alleged failure to declare different currencies of various countries in her possession
The currencies allegedly retrieved from her includes: £26,420 british pounds, $5000, 1320 Poland Zloty, RS 715 Brazillian real, 965,000 Korean Won, 10,000 Malaysian Ringgit, 2920 Isreal Shekel, $13,218 and American dollars.
Also recovered were: 394 Japanese Yen, 76,550 Kenyan Shillings, 1920 New Zeland Dollars, 27,000 Iraqi Diner, RM 392 Malaysian Ringit, 500 Norway Krone, 2000 Thailand Baht, MAD 260 Moroccan Dirham, and QR 159, Qatari Riyal.
Other currencies recovered were: CHF 250 Swiss Franc, 1200 Taiwan Dollar, 6360 Indian Rupees, 3,930 Egyptian Pounds, 6410 Russian Rubble, RS20 Brazil Real, 105 Turkish Lira, LD 26,000 Libyan Dinar, 1000 Hong Kong Dollars, and $50 American Dollars.
Also in her possession were: DT 250 Tunisian Lira, 18 Saudi Arabia Riyal, BD 7.5 Bahrain, Rp 158 Indonesian Rupiah, 50 Phillipine Peso, 50 Sudanese Pounds, and1515 Pakistan Rupee.
These currencies were said to be cumulatively above 10,000 dollars, contrary to the provisions of the Money Laundering Act.
The offence is said to have contravened the provisions of section 2(3), and (5) of the Money Laundering Prohibition act 2011.