The Economic and Financial Crime Commission, EFCC has secured the conviction of two persons arraigned on one count charge each for the contravention of provisions of the Money Laundering Prohibition Act 2011.
The Convicted persons were arraigned alongside other persons for failing to submit declarations of activities in line with extant regulations on customer identification and rendition of returns on transactions to the Special Control Unit Against Money Laundering, SCUML.
Delivering his judgment Justice Ahmad Mahmud of the Federal High Court Sokoto convicted and sentenced Aminu Sahabi to five years imprisonment or pay the fine of one hundred and twenty five thousand (N125, 000) after pleading guilty to the charge.
Justice Mahmud also convicted and fined Nasiru Mohammed the sum of one hundred and twenty five thousand naira.
The judge however discharged and acquitted Sanusi Bello on the ground that the prosecution counsel failed to prove his case beyond reasonable against the accused
Speaking to newsmen at the premises of the Court, Counsel to the EFCC, Habila Jonathan expresses satisfaction with the judgment saying it will serve as deterrent to other would be offenders.
Related posts:
EFCC secures conviction of 11 internet fraudsters
Car dealers demand explanation for prolonged closure of Car marts
Video: Five car dealers in Sokoto docked for violating regulations
Five car dealers arraigned for allegedly violating EFCC regulations
NDLEA Secures Conviction Of 2 Tramadol Smugglers
EFCC arraigns five auto dealers for violating SCUML regulations in Sokoto
Customs officers, car dealers clash in Kaduna
Car dealers threaten to sue Nigeria Customs
