EFCC arraigns ALSCON, Russian director on N582.4 million money laundering charges
The EFCC said the transfers were not reported in writing to SCUML as required under Section 11(1)(b) of the Money Laundering (Prevention and Prohibition) Act, 2022. The post EFCC arraigns ALSCON, Russian director on N582.4 million money laundering charges appeared first on Premium Times Nigeria .
The Economic and Financial Crimes Commission (EFCC) has arraigned Aluminium Smelter Company of Nigeria (ALSCON Plc) and its director, Zavyalov Dmitry, over alleged money laundering offenses totaling N582.43 million. The charges were filed before Justice O. A. Egwuatu of the Federal High Court in Abuja on Monday, October 12, 2026, and include six counts under the Money Laundering (Prevention and Prohibition) Act, 2022.
The EFCC alleges that ALSCON and Dmitry failed to report specific transfers from the company's account to the Special Control Unit Against Money Laundering (SCUML) between March and July 2024, including payments to Udatson Nigeria, Urico Global Services, and Christopher Azogu. The charges also name the company as being at large, with ALSCON's Acting Managing Director, Ime Monday Inyang, pleading not guilty to all six counts. The case has been adjourned to January 27, 2027, for the commencement of the trial.
Brief written by urgent.news from Punch Nigeria's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
- EFCC arraigns firm over money laundering punchng.com
