President of the Nigerian Bar Association (NBA), Paul Usoro (SAN) has been arraigned before the Federal High Court Sitting in Lagos.
He has also been granted bail in the sum of N250million after he pleaded not guilty to the charges.
Mr Usoro is also to deposit his international passport with the court as part of his conditions for bail.
Before Mr Usoro’s arraignment, Justice Muslim Hassan dismissed arguments from his lawyers who were seeking the transfer of the case to Abuja.
The arraignment of the NBA boss comes few weeks after the Economic and Financial Crimes Commission filed a 10-count charge bordering on alleged money laundering of N1.4billion against him.
The NBA president appeared in court last week but the arraignment could not hold as he, through his defence team, told the court that the charge sheet had not been served on him.
The case was then adjourned till December 18 to enable the EFCC to serve Usoro with the charge sheet for the alleged offences.
He pleaded not guilty to all 10-count charge proffered against him.