The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has arraigned Mr. Oseni Olayinka, a staff of the Federal Ministry of Water Resources, Abuja, on a three-count charge of money laundering.
Olayinka was brought before Justice Obiora Egwuatu of the Federal High Court, Maitama, Abuja, on Thursday, facing accusations of fraudulently acquiring millions of naira by adding his wife and son to the ministry’s Integrated Personnel and Payroll Information System (IPPIS) between 2023 and 2024.
The prosecution alleged that he illegally received salaries through their bank accounts, according to a statement signed for Demola Bakare, director, public enlightenment and education/ spokesperson for the commission
Olayinka is accused of obtaining N2, 843, 524.41 through the Stanbic IBTC Bank account number 0040450514, belonging to his wife, Mrs. Mngohol Agaku, which funds he knew to be proceeds of corruption.
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Olayinka pleaded not guilty to all charges.
His counsel, Paul Asimiakeokha, moved a bail application, requesting lenient conditions, which was not opposed by the prosecution counsel, C.K. Igwedibia.
Justice Egwuatu granted Olayinka bail with a N5 million bond, and a surety who must be a civil servant of at least grade level 12 in the federal civil service.
The surety must provide employment and promotion letters, and must own a landed property in Abuja, which must be verified.
The trial is set to commence on April 29, 2025.
