Luxury dealer remanded over 184.5kg cocaine and alleged money laundering
The federal high court in Lagos remanded luxury goods dealer Afolabi Kazeem Michael (known as KC Luxury), Boniface Sule and Ikechukwu Ekugo after the National Drug Law Enforcement Agency arraigned them on 22 counts including conspiracy, cocaine trafficking, illegal export and money laundering tied to an intercepted 184.5kg cocaine consignment valued at about N39bn. Prosecutors allege N13.2m was paid from a Mallamawa Ventures Zenith Bank account to BOT Express Logistics for five consignments sent to the United Kingdom, and that funds flowed through several companies to buy vehicles and properties; two alleged co-conspirators were arrested in London.
184.5kg of cocaine allegedly linked to KC Luxury was intercepted.
Context
Authorities say they intercepted 184.5kg of cocaine concealed in five consignments. The defendants were arrested and arraigned, and the court remanded them. The case is set for a bail ruling on October 4, 2026, and investigations and…
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