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 offences involving N582.43 million. The company and its director who is said to be at large, were arraigned before Justice O. A. Egwuatu of the…...
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 offences involving N582.43 million.
The company and its director who is said to be at large, were arraigned before Justice O. A. Egwuatu of the Federal High Court in Abuja on Monday, October 12, 2026.
The EFCC disclosed this in a statement on Monday, saying the defendants were brought before the court on a six-count amended charge marked FHC/ABJ/CR/644/2025.
According to the commission, the charges border on the alleged failure of ALSCON, described as a Designated Non-Financial Business and Profession (DNFBP), and its director to report certain large transfers to the Special Control Unit Against Money Laundering (SCUML), as required by law.
The alleged offences relate to transfers made from the company’s account between March and July 2024, contrary to Section 11(1)(b) of the Money Laundering (Prevention and Prohibition) Act, 2022.
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The transactions listed in the charge include N147,515,050 in March, N156,026,860 in April, N121,425,200 in May and N127,338,190 in July 2024, all allegedly paid to UDATSON Nigeria.
The commission also listed N15,124,950 allegedly paid to Urico Global Services in April 2024 and N15 million paid to Christopher Azogu in June of the same year.
Count one of the charge alleged that the defendants failed to report a transfer of N147,515,050 to SCUML.
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It reads: “That you, Aluminium Smelter Company Of Nigeria Limited, plc, a Designated Non-Financial Business and Profession (DNFBP) and Zavyalov Dmitry (at large) being Director of the said DNFBP sometime in March, 2024 in Abuja within the jurisdiction of this Honourable Court, failed to report in writing to the Special Control Unit against Money Laundering (SCUML), a single transfer of the sum of N147,515,050.00 (One Hundred and Forty Seven Million, Five Hundred and Fifteen Thousand, Fifty Naira) paid into UDATSON NIGERIA from account no. 1013726291 operated by Aluminium Smelter Company Of Nigeria Plc as specified under Section 11(1)(b) of the Money Laundering (Prevention and Prohibition) Act, 2022 and you thereby committed an offence contrary to and punishable under Sections 11 (3), 19(2) (b), and 22 of the same Act.”
The second count alleged that the company and its director failed to report a transfer of N156,026,860 to UDATSON Nigeria in April 2024.
Count four similarly accused them of failing to report a transfer of N121,425,200 to the same company in May 2024.
The EFCC’s lead counsel, Ekele Iheanacho, SAN, told the court that the alleged offences were punishable under Sections 11(3), 19(2)(b) and 22 of the Money Laundering (Prevention and Prohibition) Act.
When the charges were read, ALSCON’s Acting Managing Director, Ime Monday Inyang, pleaded not guilty to all six counts on behalf of the company.
The company’s counsel had asked the court to quash the charges, arguing that ALSCON was innocent of the allegations.
Following the plea, Justice Egwuatu adjourned the case until January 27, 2027, for the commencement of trial.