A chartered accountant named Omafume Ayinuola and her mother, Lydia Ehrievuyere, were brought before the Federal High Court in Lagos by the police on Wednesday.

They are accused of being involved in money laundering activities totaling N1,072,254,411 and $975,102.58.

This mother-daughter duo, along with their company Patridia Resources Limited, faced a legal arraignment led by the Force Criminal Investigation Department Annex, located in Alagbon, Ikoyi, Lagos.

The charges against them include 15 counts related to conspiracy, money laundering, unlawful fund conversion, and fraud.

According to the police prosecution counsel, Morufu Animashaun, the alleged crimes took place between 2017 and 2021 at Trailer Park in the Agbara region of Lagos State.

ALSO READ: Lagos govt. warns traditional medical practitioners to stay registered or face sanctions

The defendants are accused of defrauding several companies, such as Oritsetimeyin Logistics Limited, PUO Assets Limited, Resolution Capital Limited, Pine Petosan Limited, Grace Capital Ltd, RsL International Limited, RsL Ventures Capital Limited, Grace & Mercy Capital Limited, Grace Assets Limited, and Peter Ukuoritsemofe Ololo.

Animashaun also stated that the funds supposedly embezzled by the defendants were intended for procuring and providing office supplies for the aforementioned companies.

Despite the charges brought against them, both Ayinuola and Ehrievuyere pleaded not guilty during the court proceedings.

The case was adjourned by Justice Nicholas Oweibo until August 23, 2023, when the bail applications will be heard.

In the meantime, the judge ordered that the defendants be held at the Kirikiri Correctional Centre.