The Economic and Financial Crimes Commission (EFCC) on Monday, October 12, 2026, arraigned Aluminium Smelter Company of Nigeria (ALSCON) Plc and its director, Zavyalov Dmitry, before the Federal High Court in Abuja over alleged money laundering offences involving ₦582,430,250.....KINDLY READ THE FULL STORY HERE▶
The defendants were brought before Justice O. A. Egwuatu on a six-count amended charge marked FHC/ABJ/CR/644/2025. Dmitry was reportedly at large as of the time of the arraignment.
According to the charge, ALSCON, described as a Designated Non-Financial Business and Profession (DNFBP), and its director allegedly failed to report certain large single transfers from the company’s account to the Special Control Unit Against Money Laundering (SCUML), as required by Section 11(1)(b) of the Money Laundering (Prevention and Prohibition) Act, 2022.
The alleged transactions occurred between March and July 2024 and involved payments to UDATSON Nigeria, Urico Global Services and an individual identified as Christopher Azogu.
The charge listed transfers of ₦147,515,050 in March 2024, ₦156,026,860 in April and ₦121,425,200 in May, all paid to UDATSON Nigeria. Another payment of ₦127,338,190 was reportedly made to the same company in July 2024.
Other transactions listed were ₦15,124,950 paid to Urico Global Services in April 2024 and ₦15 million paid to Christopher Azogu in June 2024.
Count one alleged that ALSCON and Dmitry failed to report a transfer of ₦147,515,050 paid to UDATSON Nigeria from an account operated by the company in March 2024.
Count two contained a similar allegation concerning the transfer of ₦156,026,860 to UDATSON Nigeria in April 2024.
Count four alleged that the defendants failed to report a transfer of ₦121,425,200 to UDATSON Nigeria in May 2024.
The EFCC accused the defendants of offences punishable under Sections 11(3), 19(2)(b) and 22 of the Money Laundering (Prevention and Prohibition) Act, 2022.
The commission’s lead counsel, Ekele Iheanacho, SAN, informed the court that the alleged offences were covered by the provisions cited in the charge.
When the charges were read, ALSCON’s Acting Managing Director, Ime Monday Inyang, entered a not-guilty plea on behalf of the company on all six counts.
The company’s lawyer subsequently urged the court to quash the charges, maintaining that ALSCON was innocent of the allegations.
After hearing the parties, Justice Egwuatu adjourned the case until January 27, 2027, for the commencement of trial.