The Managing Director and Chief Executive Officer of Telecom Satellite Television, Bright Echefu, and its Executive Director, Felix Igboanuga, were on Thursday, arraigned on a nine-count criminal charge before Justice Inyang Ekwo of the Federal High Court Abuja.
The duo were accused of tax evasion, money laundering and advanced fee fraud by the Economic and Financial Crimes Commission.
In the charge marked FHC/ABJ/CR/254/2023, Echefu, Igboanuga, TSTV and another company, Briechberg Investment Limited, were listed as the first to fourth defendants, respectively.
In the charge, Echefu and Igboanuga were said to have on May 18, 2020, committed money laundering bordering on tax evasion, unremitted VAT, company income tax and Pay As You Earn (PAYE) deducted from the salaries of 165 workers punishable under Section 15 of the Money Laundering Prohibition Act 2011 as amended in 2012.
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They were alleged to have on May 18, 2020, diverted to their personal use N33. 9m, N13. 5m and N19. 4m tax money payable to the federal government in breach of section 15 of the Money Laundering Prohibition Act.
Bright Echefu, on his part, was said to have defrauded Turaki Tanimu of N969m under false pretence.
Tanimu is a former minister of the Federal Republic of Nigeria and was present in court to witness the arraignment of the defendants.
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