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Man Caught With $7million To Forfeit 25 % To FG by free2ryhme: 10:04am On Oct 24, 2012 |
A Federal High Court sitting in Lagos has ordered Tijjani Sherif, the man caught at the Murtala Mohammed International Airport, Lagos, while traveling with $7 million (about N1.1 billion) to forfeit 25 percent of the undeclared cash to the Federal Government. Justice C.J Aneke gave the order after the 25-year-old man pleaded guilty to a charge of non-disclosure of the total sum of money in his possession, during checks at the airport. The court also ordered the seizure of all travelling documents of the accused person. It will be recalled that Tijani a Dubai bound traveler, and an international business tycoon, was arraigned by the Economic and Financial Crimes Commission (EFCC), for being in possession of the total sum of $7.5 Million. After he pleaded guilty, the EFCC tendered documents related to the arrest of the accused as well as traveling documents which shows that about 20 traders contributed the said sum for the accused to make some purchases in Dubai Counsel to the EFCC, Mohammed Yusuf had informed the court that the accused was arrested by the police on Sept. 27 at the international wing of the Murtala Mohammed Airport, Lagos. The lawyer maintained that the accused who claimed to have collected various sums of money from different traders in Lagos, had failed to make a disclosure of the total sum of money he was conveying. According to Yusuf, at the Customs check point of the airport, the accused had alleged that he had only $4.5 Million in his suit case. He said that after a thorough search, the officers discovered that what the accused actually had in his possession was $7.5 Million contrary to his initial claim. The lawyer further told the court that on the whole, a total sum of $8.3 Million had been recovered from the accused, which money was now deposited at the Guarantee Trust Bank Plc (GTB). According to him the offence contravened section 12 of the Foreign Exchange Monitoring and Miscellanous Act, 2004. Meanwhile, Counsel to the accused Mr Obafemi Ogundare, during allocutus (plea for leniency), urged the court to tamper justice with mercy, and be reluctant in confining the accused to prison since he is a first offender. Ogundare pointed out that it would be a shame on the family of the accused, if their son was committed to prison, more so as he was a youngster. In his judgment, Justice Aneke held that he has taken into the consideration the fact that the accused is a first offender and a very young man. The judge observed that the accused did not benefit from the money directly and that the court case is an eye opener for the accused as he should have learnt his lesson by now. http://www.channelstv.com/home/2012/10/24/court-orders-man-caught-with-7million-at-airport-to-forfeit-25-per-cent-of-sum-to-fg/ |
Re: Man Caught With $7million To Forfeit 25 % To FG by mike404(m): 1:14pm On Oct 24, 2012 |
free2ryhme: A Federal High Court sitting in Lagos has ordered Tijjani Sherif, the man caught at the Murtala Mohammed International Airport, Lagos, while traveling with $7 million (about N1.1 billion) to forfeit 25 percent of the undeclared cash to the Federal Government.That guy must be a ritualist >=) |
Re: Man Caught With $7million To Forfeit 25 % To FG by slimming: 1:26pm On Oct 24, 2012 |
Holy lie. |
Re: Man Caught With $7million To Forfeit 25 % To FG by CrazyMan(m): 1:39pm On Oct 24, 2012 |
slimming: Holy lie.Its true...I just watched it on NTA 1pm news. The man claimed he was with much less, but when a thorough search was conducted on him, they (the authorities) found out that he lied to them. Funny story though. |
Re: Man Caught With $7million To Forfeit 25 % To FG by billante(m): 1:42pm On Oct 24, 2012 |
Cool 100 million naira to govt coffers! With no work done! |
Re: Man Caught With $7million To Forfeit 25 % To FG by Booty4me: 1:44pm On Oct 24, 2012 |
ok we don hear Next |
Re: Man Caught With $7million To Forfeit 25 % To FG by freebreezeyz(m): 1:45pm On Oct 24, 2012 |
So what would FG use the 25% for? and who would actually benefit directly from that percentage?. Minwhile, for such a legitimate Biz arrangement(persons), why didnt they FX d cash? |
Re: Man Caught With $7million To Forfeit 25 % To FG by Nobody: 1:49pm On Oct 24, 2012 |
mike404:did you quote the whole topic just to make that 6 words comment of yours? Why! Why! Don't you people realise that some of us read with phones? What da fucck is wrong with all these nairalanders who waste their fuccking time quoting a whole gaddamn topic? 33 Likes |
Re: Man Caught With $7million To Forfeit 25 % To FG by Nobody: 1:50pm On Oct 24, 2012 |
Many loose ends here. Why would he "lie" if he had a genuine cause? Is the government more interested in "Percentages" than finding out the source of each Bulk Sum? |
Re: Man Caught With $7million To Forfeit 25 % To FG by tonym1(m): 1:51pm On Oct 24, 2012 |
That's why corruption is very high in the country, a man caught with $7 million and has no explanation of where he got it from and a corrupt government who wants 25% of doing nothing 5 Likes |
Re: Man Caught With $7million To Forfeit 25 % To FG by INFO70: 1:54pm On Oct 24, 2012 |
more money more trouble |
Re: Man Caught With $7million To Forfeit 25 % To FG by vanminister: 1:54pm On Oct 24, 2012 |
one way or another, he will recoup back the 25% seized from him. it is just a matter of time and the books will be balanced! i am sure he has a good business sense. sorry aburo! |
Re: Man Caught With $7million To Forfeit 25 % To FG by batiatus(m): 1:55pm On Oct 24, 2012 |
berem: did you quote the whole topic just to make that 6 words comment of yours? Why! Why! Don't you people realise that some of us read with phones? What da fucck is wrong with all these nairalanders who waste their fuccking time quoting a whole gaddamn topic?very annoying habit. 4 Likes |
Re: Man Caught With $7million To Forfeit 25 % To FG by feelamong(m): 2:07pm On Oct 24, 2012 |
This is a country of jokers and clowns! So all the Judge did was just to appropiate N100M to himself (thru the faceless Govt acronym). Why did he not ask the man what he does for living to be have that large amount of cash? what amount of taxes has he paid since he stared doing the so called FX business? Who are the people that gave him the cash? what do they do and how much tax do they pay? Tufia!! 1 Like |
Re: Man Caught With $7million To Forfeit 25 % To FG by PBundles(m): 2:07pm On Oct 24, 2012 |
MORAL OF THE STORY: How dare you try to do this and NOT grease our palms before hand. 4 Likes |
Re: Man Caught With $7million To Forfeit 25 % To FG by thelastPope(m): 2:10pm On Oct 24, 2012 |
berem: did you quote the whole topic just to make that 6 words comment of yours? Why! Why! Don't you people realise that some of us read with phones? What da fucck is wrong with all these nairalanders who waste their fuccking time quoting a whole gaddamn topic? You see as e dey pain now? Shebi you used to join the nuisance squad? Am glad you are born again now! Lol Seun should please add a function to limit the size of quotes. It is irritating! 1 Like |
Re: Man Caught With $7million To Forfeit 25 % To FG by johndred(m): 2:11pm On Oct 24, 2012 |
bad country..... |
Re: Man Caught With $7million To Forfeit 25 % To FG by lacasa: 2:12pm On Oct 24, 2012 |
PBundles: MORAL OF THE STORY: Exactly! Nigeria will ever remain a hell hole |
Re: Man Caught With $7million To Forfeit 25 % To FG by Omen100(m): 2:12pm On Oct 24, 2012 |
mike404: fool, did you read the part that stated that the sum was from various contributors of which the persecuting counsel attested to? and by the way, he is so nasty not to have declare that gigantic sum. 1 Like |
Re: Man Caught With $7million To Forfeit 25 % To FG by lagerwhenindoubt(m): 2:24pm On Oct 24, 2012 |
This is soo unfair. N1.1 billion for legal business and you have to forfeit 25% to FG because you did not declare it.. what about Fayose, what about Igbenidion, what about Peter Odili and Sylva and Ihedinro as well as other past and serving governors, did they not possess undeclared monies stolen from FG running to more than N3+ billions.. na waoo this is not fair 1 Like |
Re: Man Caught With $7million To Forfeit 25 % To FG by cheleku(m): 2:34pm On Oct 24, 2012 |
One thing I don't understand is why someone would want to travel with that much cash. What has happened to the electronic banking transfer system? I suppose the dude was trying to avoid paying tariffs to banks. Unfortunately, he'd have to pay a sum much larger than he was trying to avoid. Again, I think its so much risk carrying such amount of money around. Walahi if I gotten information about his itinerary before he was 'gwabbed', I would have ambushed him in the bid to forcefully collect the money. |
Re: Man Caught With $7million To Forfeit 25 % To FG by princeFAD: 2:38pm On Oct 24, 2012 |
Though the guy run fouled of the law by not declaring the money at the custom,it is very disheartening that the law do not catch the big thieves(governors,ministers etc)laundering alot of money without declaring it.Who born the custom officer to stop governor that he should come and declare the amount he is travelling with.This is very bad.Thr law should apply to everybody and not that some wud be above 4 Likes |
Re: Man Caught With $7million To Forfeit 25 % To FG by thelastPope(m): 2:42pm On Oct 24, 2012 |
berem: did you quote the whole topic just to make that 6 words comment of yours? Why! Why! Don't you people realise that some of us read with phones? What da fucck is wrong with all these nairalanders who waste their fuccking time quoting a whole gaddamn topic? |
Re: Man Caught With $7million To Forfeit 25 % To FG by safarigirl(f): 2:43pm On Oct 24, 2012 |
Nigerian government, chai! This is coded theft. By 25% going to the FG, what they mean is, 3% to EFCC for catching the mugu, 2% to the judge for coming to that judgement, 8% to state governors and the remaining 17% to ministers and co. 1 Like |
Re: Man Caught With $7million To Forfeit 25 % To FG by Turbocharged: 2:45pm On Oct 24, 2012 |
Wait Ooo. Did they take him to court only to collect percentage? Na wa o. Make I shut my mouth b/4 they implicate me for something wey I no know. |
Re: Man Caught With $7million To Forfeit 25 % To FG by OYINBOGOJU(m): 2:47pm On Oct 24, 2012 |
Who is FG? |
Re: Man Caught With $7million To Forfeit 25 % To FG by Cultured(m): 2:49pm On Oct 24, 2012 |
The truth of the matter is that the guy was to courier the fund for highly placed person(s)in the country, and it was this same people involved that bribed the judge to make this ridiculous judgment . Or, how best could one explain the fact that they guy in question was fined to forfeit 25% of the fund instead of finding out the true source of the fund , I mean, the given excuse of the fund as been a contribution from his business associates to buy goods for them in Dubai is too lame . And even if it was to be a contribution from his associates , he still violated the law of anti money laundering and ought to have been punished accordingly . 1 Like |
Re: Man Caught With $7million To Forfeit 25 % To FG by uche08(m): 2:51pm On Oct 24, 2012 |
D money belong to some BDC operators in lagos island. D case has ended. Its called Housa/northern connection. |
Re: Man Caught With $7million To Forfeit 25 % To FG by Turbocharged: 2:55pm On Oct 24, 2012 |
BTW, how much was Diepreye Alamieyeseigha caught wt in Uk? Laughin'n'pidgin |
Re: Man Caught With $7million To Forfeit 25 % To FG by lifestyle1(m): 2:55pm On Oct 24, 2012 |
berem: did you quote the whole topic just to make that 6 words comment of yours? Why! Why! Don't you people realise that some of us read with phones? What da fucck is wrong with all these nairalanders who waste their fuccking time quoting a whole gaddamn topic? lol, are you using a 3310 to surf ? |
Re: Man Caught With $7million To Forfeit 25 % To FG by mallorca(m): 2:55pm On Oct 24, 2012 |
Nigeria go better |
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