Alleged n673m money laundering efcc re arraigns ex lagos speaker

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The Economic and Financial Crimes Commission (EFCC) has re-arraigned a former Speaker of the Lagos State House of Assembly, Adeyemi Ikuforiji, over an alleged N673 million money laundering case.

Ikuforiji, who was first arraigned in 2012, was re-arraigned on Monday at the Federal High Court in Lagos before Justice Rilwan Aikawa.

The EFCC alleged that Ikuforiji, who was Speaker of the Lagos State House of Assembly from 2007 to 2011, laundered the sum of N673 million, which was meant for the assembly's activities, through a company called House of Assembly Press Bureau.

The anti-graft agency claimed that Ikuforiji, who was represented by his lawyer, Chief Gboyega Oyewole (SAN), used the company to launder the money between 2007 and 2011.

The EFCC also alleged that Ikuforiji failed to declare the money in his asset declaration form and that he used the money to fund his political activities.

The prosecution counsel, Rotimi Oyedepo, told the court that the EFCC had gathered evidence that showed that Ikuforiji was involved in the laundering of the money.

Ikuforiji, however, denied the allegations, saying that he was not involved in any money laundering activity.

The case has been adjourned to October 26 for further hearing.

It's worth noting that Ikuforiji was first arraigned in 2012, but the case was stalled due to various reasons, including the absence of key witnesses and the failure of the EFCC to provide evidence.