Samusideen Babafemi Sarumi, owner of 606 Autos Limited, was on Thursday re-arraigned by the EFCC on a three-count charge bordering on money laundering.
Babafemi was atraigned before Justice Chuka Obiozor at a Federal High Court in Ikoyi over money laundering to the tune of N209million (Two Hundred and Nine Million Naira) only.
The defendant is said to have been involved in computer related fraud. He was earlier arraigned by the EFCC on November 4.
Eight vehicles valued at N135 million and a Boat valued at N104 million, suspected to be part of proceeds of his organized crimes across the world, were alleged to be in his possession.