Nigeria: EFCC Arrests Zenith Properties MD Over Money Laundering

23 October 2012

The Managing Director of Zenith Properties Limited, Abuja, Mr. Ifobiya Oloruntoba Seyi and the Credit Controller of Exclusive Stores, Abuja, Mr. Obinna Ararume, are among five persons arrested yesterday by the Economic and Financial Crimes Commission (EFCC) over noncompliance with anti money laundering laws.

"Three others arrested during the special operation are Mr. Anita Udoh, a manager at Exclusive Stores; Mathew Omale and Babayaro Alhaji Bako, both security men of the stores who obstructed operatives of the commission from carrying out their duties," according to a statement by EFCC spokesman, Wilson Uwujaren.

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