Fidelity bank banner Bayelsa State banner
Man bags 6 months imprisonment for money laundering, forfeits $86,000 to FG

By News Express on 16/06/2016

Share on facebook Yahoo mail icon Gmail icon Share on Google+

Views: 1,526

The Economic and Financial Crimes Commission (EFCC) on Thursday obtained conviction on a case of suspected money laundering brought against one Samuel Duru before Justice M.N Yinusa of the Federal High Court, Enugu.

Duru was charged for failure to declare the sum of $86,000 out of a total sum of $96,000 in contravention of Section 12 of the Foreign Exchange (Monitoring and Miscellaneous Provisions) Act, 2011.

The accused was arrested by officers of the Nigeria Customs Service at the Akanu Ibiam International Airport Enugu while travelling to China in December 2015 and was subsequently handed to EFCC for further investigation and prosecution.

When the case came up today, Duru pleaded guilty to the one count charge preferred against him.

The defence counsel Ikuka Kennedy pleaded with the court to temper justice with mercy since the convict had shown remorse and was a first time offender that had no past criminal records.

Justice Yinusa subsequently convicted and sentenced the accused to six months imprisonment from the date of arrest. He further ordered that the undeclared $86,000 be forfeited to the Federal Government, while the $10 thousand USD and his international passport be returned to the convict.

The charge read: “That you Duru Samuel Ikechukwu sometime in December 2015 at Akanu Ibiam International Airport,  Enugu within the Jurisdiction of the Federal High Court of Nigeria while transporting in cash the sum of ($96,000) Ninety six thousand United States Dollars only from Nigeria to China,  falsely declared to the Nigeria Customs Service the sum of $10,000 (ten thousand United States Dollars) only instead of Ninety Six Thousand United States Dollars  ($96,000) as required under Section 12 of the Foreign Exchange ( Monitoring and Miscellaneous Provisions) Act, 2011 and thereby committed an offence Punishable under Section 2 (5) of Money Laundering Prohibition Act 2011 as amended by Section 2 of the Money Laundering Prohibition Act 2012.”

Source News Express

Posted 16/06/2016 10:09:19 PM


Share on facebook Yahoo mail icon Gmail icon Share on Google+




You may also like...
Umahi offers to pay church rent as flood...

Consultant not deducting LG allocation, Kwara Govt. tells...

CAN condemns forced marriage of schoolgirls in the...

Boko Haram still in control of Sambisa Forest...

Udom Emmanuel bids farewell to DSS chiefs

CSOs, NHRC, security forces and Buhari Administration conspire...

Army, police capture 6 robbery, kidnap suspects in...

Chibok community reps visit Okonjo-Iweala, hail FG over...

5 police academy students, 2 others die in...

NLNG, Warsash partner on maritime training and safety...

Blame yourself for your woes, Rivers APC tells...

Miners rescued after 36 days underground


Latest News How Wike’s Chief Security Officer led Government House security officials to disrupt Rivers bye-election — APC Alarm bells as job and contract scams hit Niger Delta Nigeria’s democracy in danger: Savannah Centre Osun APC Guber: There was a conspiracy against me — Deputy Speaker, Lasun Third Mainland Bridge to be temporarily shut for 4 days – Lagos Govt 2019: Youths demand waiver, 50 per cent discount on nomination forms Man fights for his life in ICU after phone explodes while charging in bed NAF fighter jets bombard bandits’ hideouts in Zamfara Aregbesola’s free ride: Many stranded as travellers besiege railway terminal PDP wins Taraba's Takum 1 bye-electio NUJ condemns demolition of Ayefele’s radio station by Oyo Govt Ortom seeks global support for Benue IDPs


Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (378,960 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (367,342 views) Shameless Genevieve Nnaji exposes breasts in public (297,107 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (242,436 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (223,431 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (217,537 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (193,152 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (175,307 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (159,973 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (158,828 views) Lagos plane crash: Journalist releases victims’ names (153,117 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (143,387 views)


Categories Advertorials (3) African Press Organisation (81) Art & Literature (56) Business & Economy (3,462) Business Verdict (48) Columnists (912) Complaints & Requests (95) Enterprise & Opportunities (207) Entertainment (528) Features (640) Global Business Monitor (295) International (2,279) Interview (162) Live Commentary (28) Love Matters (135) News (38,143) Opinion (1,063) Pidgin (11) Politics (6,101) Religion (827) Sports (1,652) Stock Watch (33) AMA & Al Jazeera Global Update


CBN banner

Firstmobile banner




Real Madrid vs Atletico Madrid 2-4 Highlights and Goals


APO Group Partner




GOCOP Accredited Member

GOCOP Accredited member



Africa Media Agency and Al Jazeera