{
  "id": 13569649,
  "title": "Man jailed eight years for money laundering",
  "url": "https://urgent.news/2026/10/10/man-jailed-eight-years-for-money-laundering-13569649",
  "topic": "world",
  "section": "World",
  "published": "2026-10-10T23:10:59.000Z",
  "source": {
    "name": "Punch",
    "slug": "punch",
    "url": "https://punchng.com/man-jailed-eight-years-for-money-laundering/"
  },
  "original_language": "en",
  "account": "The Economic and Financial Crimes Commission (EFCC) has convicted Onatayo Pelumi for money laundering, sentencing him to eight years in prison. The charges involved the retention of proceeds from unlawful activities in bank accounts at Guaranty Trust Bank and Zenith Bank between January 2023 and June 2026. Pelumi was found guilty by Justice Osiagor of the Federal High Court in Lagos on five counts, each carrying a three-year imprisonment term with a possible N300,000 fine. The sentences were to run concurrently. Additionally, the court ordered the forfeiture of two properties and N8 million to the Nigerian government, with the latter amount currently held in Pelumi's Zenith Bank account. He must also perform seven days of community service.",
  "summary": "The EFCC has secured the conviction of Onatayo Pelumi for laundering N132m. He was sentenced to eight years in prison by a Federal High Court in Lagos. Read More: https://punchng.com/man-jailed-eight-years-for-money-laundering/",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Punch Nigeria",
        "title": "Man jailed eight years for money laundering",
        "url": "https://urgent.news/2026/10/10/man-jailed-eight-years-for-money-laundering",
        "published": "2026-10-10T23:04:59.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}