Lagos court jails two for money laundering
The Lagos Zonal Directorate 1 of the Economic and Financial Crimes Commission (EFCC) has secured the conviction and sentence of two fraudsters before Justice F.N. Ogazi of the Federal High Court sitting in Ikoyi, Lagos, for money laundering and fraudulent impersonation. The convicts, Agboola Abdullahi Abiodun and Victor Okonjo, were separately arraigned on charges bordering […] The post Lagos…
The Economic and Financial Crimes Commission (EFCC) in Lagos has convicted and sentenced two individuals for money laundering and fraudulent impersonation. Agboola Abdullahi Abiodun and Victor Okonjo were arraigned on charges related to these offenses. Both defendants pleaded guilty to their respective charges.
Agboola was sentenced to four years in prison for the first charge, one year for the second charge, and an additional year for the third charge. Victor received a one-year prison term with the option to pay a N500,000 fine for the first charge, and four years in prison for the second charge. The judge ordered that the sentences be served concurrently, starting from the date of their arrest.
In addition to their prison sentences, the court ordered the seizure and forfeiture of their mobile devices, laptops, a Toyota Venza, and a 2020 Mercedes-Benz. The assets were to be sold, with the proceeds returned to the victims or deposited in the Federal Government's coffers if the victims could not be identified.
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