Convicted Money Laundering Suspect Forfeits $86,000 Nigerian Federal Government

Although we are headquartered in Washington D.C. USA, our reporters and editors are working around the globe to cover what you care about. We invite you to donate to our fundraiser to help us keep our quality news free and available to all.  

The Economic and Financial Crimes Commission, EFCC, on Thursday June 16, 2016 obtained conviction on a case of suspected Money Laundering brought against one Samuel Duru before Justice M.N Yinusa of the Federal High Court, Enugu.

Duru was charged for failure to declare the sum of Eighty Six Thousand United States Dollars ($86,000.00) out of a total sum of $96,000 (ninety six thousand United States Dollars) in contravention of Section 12 of the Foreign Exchange (Monitoring and Miscellaneous Provisions) Act, 2011.

The accused was arrested by officers of the Nigeria Customs Service at the Akanu Ibiam International Airport Enugu while travelling to China in December 2015 and was subsequently handed to EFCC for further investigation and prosecution.

[read_more id="2" more="Read full article" less="Read less"]

When the case came up today, Duru pleaded guilty to the one count charge preferred against him.

The defence counsel Ikuka Kennedy pleaded with the court to temper justice with mercy since the convict had shown remorse and a was a first time offender that had no past criminal records.

Justice Yinusa subsequently convicted and sentenced the accused to six (6) months imprisonment from the date of arrest. He further ordered that the undeclared $86, 000( eighty six thousand United States Dollars) be forfeited to the Federal Government, while the $10 thousand USD and his international passport be returned to the convict.

[/read_more]

TODAY NEWS AFRICA
TODAY NEWS AFRICAhttps://todaynewsafrica.com
TODAY NEWS AFRICA is registered and headquartered in Washington, District of Columbia, United States of America. Our publication is widely read, respected and influential. By providing daily answers to questions our readers have about the people, the businesses and the continent of Africa, we are reaching a diverse and wide audience from around the world. Our readers, many of them world leaders, trust us because we are independent and truthful. Our advertisers understand the difference between news, views and ads. Contact us: contactus@todaynewsafrica.com

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Trending Now

300,504FansLike
227FollowersFollow
6FollowersFollow
1FollowersFollow
907FollowersFollow
138SubscribersSubscribe

JUST IN

IMF has given $31 billion to 76 countries to respond to COVID-19, including over $10 billion to 47 low income nations

The International Monetary Fund (IMF) has given $31 billion in emergency financing to 76 countries in the world to respond to...

Gunmen ambush convoy of Governor Umar Babagana Zulum of Borno State in Nigeria, kill several people

President Muhammadu Buhari has condemned an ambush on Friday on the entourage of Governor Umar Babagana Zulum of Borno State, which...

Central African Republic President Faustin Archange Touadéra announces candidacy for December election

Central African Republic President Faustin Archange Touadéra has announced his candidacy for the presidential election next December.“It’s...

Mali’s new president, 70-year old former defense minister Bah Ndaw, sworn in following coup

Newly sworn in Mali's president is 70-year old former defense minister Bah Ndaw. President Ndaw was inaugurated on Friday, five weeks...

More than 300,000 used condoms being packed for resale intercepted by police

More than 300,000 used condoms which were being packed for resale have been seized during a police raid in Vietnam, Reuters...

MOST POPULAR

Bill Gates praises Africa’s response to COVID-19 but warns against collateral damage

Microsoft founder Bill Gates on Sunday praised Africa's response to the novel coronavirus but warned against collateral damage, including a drastic...

Damning report finds detainees in Iran were sexually abused and given electric shocks in gruesome post-protest crackdown

Iran’s police, intelligence and security forces, and prison officials have committed, with the complicity of judges and prosecutors, a catalogue of...

Activists warn Nigerian President bill will render anti-corruption agency EFCC ‘a toothless bulldog’

Nigeria's Socio-Economic Rights and Accountability Project (SERAP) has sent an open letter to President Muhammadu Buhari urging him to “urgently instruct Mr...

Ramphosa urges world leaders to fight racism, grant Africa more Security Council seats, lift sanctions against Zimbabwe and Sudan and cancel continent’s interests on debt

African Union Chairperson, the President of South Africa, Cyril Ramaphosa, on Tuesday, urged the United Nations General Assembly to fight racism,...

The world should hear the cries of Oromo people in Ethiopia

The Oromo people in Ethiopia are good people and the world should hear their cries for justice, equality, peace, liberty, democracy...

More than 300,000 used condoms being packed for resale intercepted by police

More than 300,000 used condoms which were being packed for resale have been seized during a police raid in Vietnam, Reuters news agency reported quoting Vietnam's state broadcaster VTV.The station aired sacks filled with condoms and tools apparently used to wash and reshape them in a factory.Reports quoted VTV as saying that it was...

[/read_more]

[read_more id="2" more="Read full article" less="Read less"]

WhatsApp
Reddit
Share
Tweet
Share