Court Jails Four Over Lagos Money-Laundering Scheme
Claudia Kane
A Federal High Court in Ikoyi, Lagos, has convicted and sentenced four people over a money-laundering scheme involving more than $5.2m.
The convicts were named as Bamidele Ayodele Emmanuel, Abdullah Oriyomi Yusuf, Garuba Fathiat Funmilayo and Gbenro Victor Ademola.
The EFCC arraigned them separately on two-count money-laundering charges. Premium Times reported that Justice Friday Ogazi delivered the judgment on Wednesday after the defendants pleaded guilty.
Daily Post put the sum involved at $5,296,691, while Premium Times described it as more than $5.2m. Both reports tied the convictions to the same Lagos EFCC prosecution.
Investigators said the case involved the use of personal information and bank accounts in transactions prosecutors treated as proceeds of unlawful activity.
Sources: Daily Post and Premium Times.
Written by
Claudia Kane
General assignment reporter and News Editor at NaijaTrend. Covers breaking news, security, and national affairs across Nigeria.
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