Alleged money laundering: Supreme Court contractor detained — ICPC

The Managing Director, MD, of a construction company, Temitope Banjoko, has been detained over alleged involvement in money laundering.

He was detained by the Independent Corrupt Practices and other related offences Commission, ICPC, a development which was confirmed by the Commission’s spokesperson, Mrs Azuka Ogugua, on Tuesday.

According to her, Banjoko was awarded a contract worth N46,305,000 (N41,674,500 after tax deductions) for the demolition, and evacuation of debris of four houses at the Supreme Court judges’ residence in Maitama, Abuja, in 2017.

The contract, Ogugua said, was not executed, but the full sum was disbursed to Asbat Construction Limited, a development which attracted the attention of the ICPC.

But the contractor denied the allegation when he insisted that he utilised the said sum for something else and that some funds that he was expecting were not forthcoming.

It was however learnt that Banjoko had repaid the sum of N5 million out of the contract sum, leaving a net balance of over N36 million.

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