EFCC arraigns firm over money laundering

The Economic and Financial Crimes Commission (EFCC) has arraigned the Aluminium Smelter Company of Nigeria (ALSCON Plc) and its director, Zavyalov Dmitry, on charges of money laundering involving N582.43 million. The case was brought before Justice O. A. Egwuatu of the Federal High Court in Abuja on Monday, October 12, 2026, under a six-count amended charge.

The EFCC alleges that ALSCON and Dmitry failed to report certain transfers from the company's account to the Special Control Unit Against Money Laundering (SCUML) between March and July 2024. The charges include N147.52m, N156.03m, N121.43m, and N127.34m paid to Udatson Nigeria, as well as N15.12m to Urico Global Services and N15m to Christopher Azogu.

ALSCON's Acting Managing Director, Ime Monday Inyang, pleaded not guilty to all six counts, and the case has been adjourned until January 27, 2027, for the commencement of the trial.

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