Lagos Zonal office of EFCC on Monday, February 4, 2019, reported a case of one Kasumu Ademola, Salau Mikailu and Ganiyu Isola before Justice C.J. Aneke of the Federal High Court sitting in Ikoyi, Lagos on an eight-count charge bordering on money laundering, conversion and retaining of proceeds to the tune of N34, 000, 000 (Thirty Four Million naira) only.
They were arraigned alongside a stock brokerage firm, CSL Stock Brokers, following a complaint received by the Commission from the Nigerian Stock Exchange, NSE. An investigation revealed that the defendants fraudulently carried out a transaction on the shares of people who died and also cleared their dividend warrants.
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