Alleged money laundering, fraud: Adeyeri, mum acquitted after three years in custody


Damilola Adeyeri, an entrepreneur, and his mother, Alaba Kareem Adeyeri, have been acquitted by the Federal High Court in Ikoyi, Lagos.

The mother and son were arrested in 2020 following a petition by the Federal Bureau of Investigations (FBI).

They were arrested on the grounds of alleged involvement in fraud and money laundering.

The duo were eventually acquitted in a judgement delivered by Justice Chukwujekwu Aneke of the Federal High Court in Ikoyi, Lagos, marking the end of a protracted and gruelling legal ordeal.

Damilola Adeyeri, upon regaining freedom from the Economic and Financial Crimes Commission detention centre in Lagos, revealed that their exoneration came about when new and compelling evidence surfaced, leaving no room for doubt regarding their innocence on all counts.

He said their prior conviction was rightfully overturned, as they were both discharged and acquitted of wrongdoing.

“I thank God for vindicating me and my mother. It has been an incredibly trying time for us, but the truth has ultimately prevailed.

“Now, I am eager to put this chapter behind me and move forward with my life,” he told reporters.

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