The arraignment of former Managing Director of the Warri Refining and Petrochemical Company Ltd, Jimoh Yisawu, on alleged money laundering charges was on Friday adjourned by the Federal High Court in Abuja until July 20.
The case, which is before Justice Inyang Ekwo, could not proceed because the judge was away on an official engagement.
Yisawu is being prosecuted by the Economic and Financial Crimes Commission (EFCC) over allegations of laundering public funds.
The EFCC had also, on Wednesday, arraigned the former Managing Director of the Port Harcourt Refining Company Ltd (PHRC), Ahmed Dikko, before the same judge on a 12-count money laundering charge.
Dikko pleaded not guilty, while Justice Ekwo fixed October 12 for the commencement of his trial.
In the charge marked FHC/ABJ/CR/361/2026, the EFCC accused Yisawu of laundering public funds and allegedly using part of the proceeds to purchase treasury bills for his personal benefit.
The eight-count charge, filed on June 22 by EFCC counsel Ekele Iheanacho (SAN), names Yisawu as the sole defendant.
According to the anti-graft agency, the alleged offenses contravene Section 18(2)(b) of the Money Laundering (Prevention and Prohibition) Act, 2022, and are punishable under Section 18(3) of the same Act.
SOURCE: NAN
