A witness in the trial of Bukola Saraki, the Senate President has said that 87 different cash payments were made to a private account of the accused person to beat the money laundering policy.
Michael Wetkast said the aim of splitting the funds was to avoid being caught by bank officials on the huge deposit.
“From my investigation, basically these payments were broken down to beat the money laundering Prohibition Act which prohibits payment of a certain amount of money,” Wetkast said.
Having counted the lodgement from a document before him, the witness however, did not reveal the total amount that was paid into Saraki’s account 87 times.
But he added that on November 5, 2009, there was cash lodgement of $8,000 by Toeimu Jimi from Illorin into the dollar account of the Senate president and on May 18, 2009, another payment of $4,000 was made by an individual named Bayo.
“Also, the next day on May 19, 2009, $10,000 each was made 18 times into the dollar account of the defendant,” he said.
He said the last three payments were deposited by the defendant himself.
“On August 23, 2009, a transfer $99,975 was transferred by one Dahuuh,” Wetkast added.
He further said that three days later $49,969 was also lodged into the account.
Aside these lodgement, Wetkast said several other payments were made either by cash lodgement or transfers to the Senate president’s account.
He also said transfers from Saraki’s account to the account of American Express Service amounted to $3.4 million on the direction of the defendant.
Saraki is facing trial for false declaration of his assets. His wife, Toyin Saraki is also facing corruption allegations from anti-graft agency, EFCC.
Source: MADAILYGIST
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