A businessman named Sunday Okorie has been placed under detention at the Ikoyi Correctional Centre by Federal High Court Justice Deinde Dipeolu for allegedly failing to disclose $299,000 and possessing counterfeit foreign cash.
Okorie was charged with four allegations of money laundering and illegally importing counterfeit cash by the Economic and Financial Crimes Commission (EFCC).
Prosecutor Chineye Okezie informed the court that Okorie had concealed the undeclared monies in relaxer containers at the Murtala Muhammed International Airport, Ikeja, on March 19, 2025.
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Additionally, he was charged with importing and holding $250 worth of counterfeit $50 notes with certain serial numbers.
According to the prosecution, the alleged violations were under the Counterfeit Currency (Special Provisions) Act and the Money Laundering (Prevention and Prohibition) Act, 2022.
Okorie pleaded not guilty, and his counsel, Uche Okoronkwo, requested that he be remanded in EFCC custody.
However, the judge ruled for his remand in prison and adjourned the trial until March 26, 2025.
