The Federal High Court in Abuja has ordered the remand of Akintoye Akindele, CEO of Duport Midstream Company Limited, at the Kuje correctional centre
Akindele was arraigned by the Economic and Financial Crimes Commission (EFCC) on Tuesday on a four-count charge of money laundering and contract fraud.
The EFCC accused him of mismanaging $35 million received from the Nigerian Content Development and Monitoring Board (NCDMB) for the construction of a 2,000-barrel-per-day refinery, jetty, gas plant, data centre, and tank farm in Bayelsa State’s Okpoama community.
According to the agency, Akindele funneled the funds through Atlantic International Refinery and Petrochemical Limited to his companies, including Platform Capital Investment Partners, Duport Midstream Company Ltd., Puisance Afrique Dynamics Ltd., and Adamantine Petrochemical & Refinery Ltd., as well as bureau de change outlets.
One of the charges alleges that Akindele and Platform Capital Investment Partners retained $16,006,000 between December 2020 and February 2021, knowing it was proceeds of unlawful activity.
Akindele pleaded not guilty to all charges.
Follow Us on Facebook – @LadunLiadi; Instagram – @LadunLiadi; Twitter – @LadunLiadi; Youtube – @LadunLiadiTV for updates
