Gladys was arraigned alongside her company, Brass Engineering and Construction Nigeria Limited, before Justice F. O. Giwa-Ogunbanjo of the Federal High Court in Independence Layout, Enugu, on a 12-count charge bordering on money laundering.
The Economic and Financial Crimes Commission (EFCC) has arraigned the Group Managing Director of Brass Engineering and Construction Nigeria Limited, Mrs. Egwuche Chinyere Gladys, before the Federal High Court sitting in Enugu State over allegations of money laundering involving the receipt of $600,000 in cash transactions said to have violated Nigeria's anti-money laundering laws.
Gladys was arraigned alongside her company, Brass Engineering and Construction Nigeria Limited, before Justice F. O. Giwa-Ogunbanjo of the Federal High Court in Independence Layout, Enugu, on a 12-count charge bordering on money laundering.
According to the EFCC, the defendant allegedly received cash payments amounting to $600,000 in multiple tranches between March 13 and April 11, 2023, without passing the transactions through a financial institution as required by the Money Laundering (Prevention and Prohibition) Act, 2022.
The anti-graft agency alleged that the payments were made as part payment for the sale of a 180220TPH Granite Stone Crushing Line to Patan Nigeria Limited and Reinforce Global Resources Limited, operating as a joint venture.
