Skip to main content

Court Convicts Two for Money Laundering

                                    Image result for efcc
The Economic and Financial Crimes Commission, EFCC, Gombe Zonal Office has secured the conviction of Mijinyawa B. Kembu and Bello Idris for money laundering offence.
Kembu and Idris were arraigned on January 15, 2019 along with their respective companies, Abm Kembu Nigeria Limited and Agsir Nigeria Limited, before Justice N.I. Afolabi of the Federal High Court, Gombe on two counts bordering on “transacting and accepting cash payment exceeding the threshold provided by Law”.
They were arraigned following investigations into their non-compliance with the provisions of Money Laundering (Prohibition) Act, 2011 as amended.
One of the charges reads: “That you Agsir Nigeria Limited and Alhaji Bello Idris being the one that manages business of Agsir Nigeria Ltd and in that capacity sometime in July 2015 at Gombe, Gombe State within the jurisdiction of this Honourable Court did transact and accept cash payment of N8 million in excess of the threshold provided by the Law from Reuben Useni, without reporting the transaction to Economic and Financial Crimes Commission within seven days of the said transaction until after 12 days before you reported same thereby committed an offence contrary to Section 10 (1) (a) of the Money Laundering (prohibition) Act, 2011 as (amended) now No. 11 2012 and Punishable under Section 10 (3) of the same Act”.
Kembu was accused of transacting and accepting cash payment of $1,000 or its equivalent from one Aliyu Dimba without reporting within 24 hours of the transaction to Special Control Unit against Money Laundering (SCUML) as required by the Law.
The defendants pleaded “guilty” to the charges read against them.
Prosecuting counsel, S.E. Okemini, thereafter, urged the court to convict and sentence them accordingly.
In his ruling, Justice Afolabi, ordered Bello and his company, as well as Kembu and his company, to pay a fine of N250,000 and N300,000 respectively.

Comments

Post a Comment

Popular posts from this blog

Photos, Three killed in Osun bank robbery attack

Dare devil armed robbers today attacked a new generation commercial bank in Ila-Orangun, Osun state killing three persons, including police security.                                              The suspected armed robbers, numbering about eight, were said to have stormed the bank at about 2pm and operated for one- and- a half hours after blasting the bank’s security door with an explosive substance. A substantial amount of money was carted away from the bank.  Two other victims killed by the armed robbers were said to be hit by stray bullets while a number of people sustained various degrees of injury while trying to flee the scene. Eyewitness said police officers arrived the scene almost immediately and engaged the robbers in a fierce gun battle. 
Post a Comment
Read more

Police arrest seven people including a 34-year-old woman in connection with the murder of BBNaija star, Khafi's brother

                                 Seven people have been arrested in connection with the murder of BBNaija star, Khafi's brother.    Alexander Kareem, 20, was shot close to his family house in Shepherd’s Bush, West London on June 8. He was walking back home from a convenience store when he was shot in a case of mistaken identity.    After the shooting, a white Range Rover, which had been seen speeding away from the crime scene, was later found burnt out.   A post-mortem conducted on him showed he died from gunshot wounds to his chest and abdomen.   Five men, aged 18 to 24, a boy, 16, and a woman, 34, were arrested earlier today and are in custody.   Detective chief inspector Wayne Jolley, who is leading the investigation for the Met's Specialist Crime Team, said the arrests were a "significant development."   "I believe this murder to have been ...
Post a Comment
Read more