Money Laundering: I Didn’t Receive N450m Cash   -Belgore

Prof. Sulaiman and Belgore (SAN), during one of the court’s proceedings
Mr. Dele Belgore (SAN), on Monday refuted the Economic and Financial Crimes Commission (EFCC) claim before a federal High Court, Lagos, that he laundered the sum of N450m in 2015.

Belgore is being prosecuted alongside Professor Abubakat Sulaiman, a former Minister of  National Planning, before Justice Rilwan Aikawa, for allegedly benefiting N450m from the sum of $115.01m, which a former Minister of Petroleum Resources, Diezani Alison-Madueke, allegedly doled out to influence the 2015 general elections.

The two defendants were alleged to collected the money at a branch of a new generation Bank in Ilorin on March 26, 2015 to sign for and collect the N450m cash.

Belgore who was the Kwara State’s Coordinator of President Goodluck Jonathan Campaign Organisation, while testifying in his own defence on Monday,  admitted being invited by the bank manager on March 26, 2015 to take delivery of the N450m cash, but he said he ended up leaving the bank without the money.

The SAN said he did not collect the N450m because on getting to the bank he realised that the money was too huge for his Toyota Prado jeep. Adding that because of the time he was called for the money.

He said, “I indicated to PW1 (bank manager) that I could not collect the money and I gave two reasons. First, I said this money was coming two days before the election; all the stakeholders and party members were aware of the arrival of the money and therefore, I did not consider it safe to move such a huge amount of money out of the bank in the middle of the night.

“The second reason was that I did not come prepared to receive and take away such a large amount of money, as I came only in my vehicle, a Toyota Prado jeep.

“As I said earlier, the heap of cash that I saw in the bank’s loading bay was at least three to four feet high. So, I told PW1 that if it took a bullion van to transport the cash from the Central Bank of Nigeria to Fidelity Bank, there was no way I would be able to evacuate those funds with my Toyota Prado”.

Belgore said following a long argument between him, Suleiman and the bank manager, the bank manager told them to sign for the money and agreed to keep the money in the bank’s vault.

“After signing the document, I left the bank without the money. I did not take a penny out of the bank; I left the bank empty-handed,” he said.

Justice Rilwan Aikawa adjourned further proceedings till February 28, 2019, at the instance of Belgore’s lawyer, Mr Ebun Shofunde (SAN), who said he needed time to preview the CCTV footage of the events that took place within the banking hall on March 26, 2015 when Belgore and Suleiman visited.

In the charges against them, the EFCC insisted that Belgore and Suleiman received N450m from Diezani and laundered same.

The anti-graft agency said they ought to have “reasonably known” that the N450m was part of proceeds of unlawful activities, adding that they handled the money without going through any financial institution, contrary to the provisions of the Money Laundering (Prohibition) Act.

The two defendants have pleaded not guilty.

About Paul Sanusi, Lagos

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