Akintoye Akindele, CEO of Duport Midstream Company Limited, was arraigned by the EFCC on charges of money laundering and contract fraud. He allegedly collected $35 million from the NCDMB to build a refinery and other facilities but funneled the funds into his companies and bureau de change outlets.
December 25, 2024 10:07 amThe federal high court in Abuja has remanded Akintoye Akindele, chief executive officer of Duport Midstream Company Limited, at the Kuje correctional centre.
The anti-graft agency accused Akindele of allegedly collecting $35 million from the Nigerian Content Development and Monitoring Board to build a 2,000 barrel-per-day refinery, jetty, gas plant, data centre, and tank farm at Okpoama community in Brass LGA of Bayelsa state. “That you, Akindele Akintoye, and Platform Capital Investment Partners Limited, between December 2020 and February 2021, within the jurisdiction of this Honourable Court, indirectly retained the sum of $16,006,000 , being part of the funds dishonestly converted from the money paid by the NCDMB to Atlantic International Refinery and Petrochemical Limited as investment, knowing the said sum constituted proceeds of unlawful activity, thereby committing an offence contrary to Section 15 of the...
The EFCC counsel said the defendant had demonstrated untrustworthiness by collecting his international passport and claiming that it is in the court’s custody.
MONEY LAUNDERING CONTRACT FRAUD EFCC NCDMB DUPORT MIDSTREAM
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