Businessman remanded in Lagos for $299,000 concealment, fake currency

Justice Deinde Dipeolu of the Federal High Court has ordered the remand of a businessman, Sunday Okorie, at the Ikoyi Correctional Centre for allegedly failing to declare $299,000 and being in possession of counterfeit foreign currency.

The Economic and Financial Crimes Commission (EFCC) arraigned Okorie on four counts of money laundering and unlawful importation of counterfeit currency.

Prosecutor, Chineye Okezie told the court that Okorie concealed the undeclared funds…