Ex-banker Isioro, wife sent to jail for money laundering

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Ovuomarhoni Naomi Isioro and her husband, Rowley Isioro, a former Assistant General Manager with one of the first generation banks were docked on Tuesday by the EFCC for money laundering offences.

And they were at the end of proceedings sent to a correctional centre in Lagos until 10 December, when the court will hear their bail application.

The Isioros and their companies, Multaid Plus Limited and Global Investment Network are facing a a seven-count charge bordering on conspiracy to commit felony, receiving fraudulently obtained property, transfer of criminal proceed to nominee and money laundering to the tune of $975,424.


Their trial is before Justice Mojisola Dada of the Special Offences Court sitting in Ikeja, Lagos.

The defendants allegedly received monies suspected to be proceeds of illegal activities of one Michael Uziewe (at large) who was based in the United States of America with the aim of assisting him launder the funds in Nigeria.

The defendants were said to have used the accounts of their companies domiciled in the bank where the second defendant, Rowley Isioro was an Assistant General Manager to launder the funds for Michael Uziewe.


Both defendants pleaded not guilty to the charge preferred against them by the EFCC.

Justice Dada adjourned the case till December 10, 2019 for hearing of bail application and ordered the remand of the couple at the Correctional Centre pending the determination of their bail applications.