The prosecutor further alleged that Chima, along with Williams, fraudulently converted the money for personal use, committing an offence punishable under the Money Laundering (Prohibition) Act.
He further stated that the second defendant, Williams, received N140m in 2024, part of which belonged to Afebuameh and was allegedly stolen by Chima. Williams was accused of knowingly acquiring, using, and retaining the money despite it being proceeds of crime.
According to the prosecution, their actions violated Sections 1(1)(c) and 1(3) of the Advance Fee Fraud Act 2006, as well as provisions of the Money Laundering (Prevention and Prohibition) Act, 2022.
Both defendants pleaded not guilty to the charges. Their counsel, however, requested bail, arguing that they were not flight risks.
Justice Lewis-Alagoa granted them bail in the sum of N20 million each with two sureties in like sum and adjourned the case to May 15, 2025, for trial.
