Nigeria, July 20 -- The Economic and Financial Crimes Commission (EFCC) on Monday arraigned former Managing Director of Warri Refining and Petrochemical Company Limited (WRPC), Jimoh Yisawu, at the Federal High Court in Abuja over alleged money laundering.

After Mr Yisawu pleaded not guilty to the charges brought against him, Judge Inyang Ekwo granted him bail in the sum of N500 million with one surety.

The arraignment came weeks after an earlier attempt to bring Mr Yisawu before the court stalled on 8 July because Judge Ekwo did not sit.

In the charges filed on 22 June by EFCC lawyer Ekele Iheanacho, a Senior Advocate of Nigeria (SAN), the anti-graft agency alleged that Mr Yisawu laundered proceeds of unlawful activity while serving a...