Court sends man to jail for inability to state source of N6million in his bank account

Efcc Yahoo news
Ukoh Michael Odeh
Justice O.A. Egwuatu of the Federal High Court, Maitama, Abuja on Friday, September 15, 2023, convicted and sentenced one Ukoh Michael Odeh to one year imprisonment on one count charge of fraud brought against him by the Makurdi Zonal Command of the Economic and Financial Crimes Commission, EFCC.

The convict got into trouble when the Command received an intelligence report regarding the suspicious activities of some individuals suspected to be internet fraudsters in Makurdi. He was subsequently arrested in a sting operation.

The charge reads: “That you, Ukoh Michael Odeh, between 2022 and 2023 in Makurdi, Benue State within the jurisdiction of this Honourable Court did fail to account for the source of N6,000,000 (Six Million Naira) only in your FCMB account No: 4668442010 when you reasonably ought to have known or suspected that the said unaccounted funds formed part of the proceeds of an unlawful activity to wit: Fraud and Money laundering and thereby committed an offence contrary to Section 20 (a) of the Money Laundering (Prevention and Prohibition) Act, 2022 and punishable under Section 20(b) of the same Act".

He pleaded guilty when the charge was read to him. In view of his plea, the prosecuting counsel, M. Yusuf prayed the court to convict him accordingly.

Justice Egwuatu, convicted and sentenced Michael to one year imprisonment with an option of N300, 000.00 fine. The convict is also to forfeit N300, 000.00 as restitution to the Federal Government of Nigeria through the EFCC.

The convict is also to forfeit an Infinix 7 smart phone being proceeds of criminal activity to the Federal Government of Nigeria.

Credit: EFCC

Category: World-News
Tag: Efcc Yahoo news
Written by Omooba Alekuwodo (omoobaalekuwodo)
Published 9/18/2023 5:31:42 PM

Join us on:
Facebook | WhatsApp Community
| Twitter| WhatsApp Channel
How would you react to this story?
Thump Up Thumb Down
Thumb Up Thumb Up
0 0

Hey!
You cannot submit comment on this topic because you are not currently login. You can choose to Login or Create an Account then you are good to join the discussion.


Author Author (Entrant )
9 months ago
0     0     - 0 Replies    

Most Recent Comments         Load More Comments

Trending News

Ude Unveils List of 20 People Allegedly Killed By The Embattled Fmr Gov Yahaya Bello

Nigerian University Expels Student for Impregnating Her Female Lecturer

Gov Adeleke Caught Placing Personal Tags On Federal Government Palliative Rice To Deceive Osun People

Ownership Crisis Rocks Benin City as Igodomigodo Asks Oba of Benin to Return To Ile-Ife

Many Fear Dead As Flight Vehicle Fell in Makurdi

Lady Runs Mad After She Was Dropped From A Tricycle By Suspected Yahoo Boys

Uproars as Suspected Yahoo Boy Brags 100 Nigerian Policemen Guide Him Daily

Aregbesola Dragged for Violating State Policy At Iwo Ramadan Lecture

First Class Graduate Die After Completing 21-Day Fasting Allegedly Ordained By Her Pastor To Cure Ailment

Obi Cubana Share Touching Story When His Wife Paid His Price

Load More
Free CBT Exams
Take Exam