ohh

At least this one has a night club and he sells cars,he started his business with yahoo money ,but it'll be foolish if he still do runs with all the investment he has made over the years.

200 million naira is small money yet he's being reprimanded. Mumu.[s]

banjicom:


Na small money na!

Not even up to 1 million dollars

[/s]

SarkinYarki:


I don buy motor from am before and I been dey meet am for club DNA when I still dey dey club

you are wasting your legit money on clubbing... He dey use stolen money

ZombieTERROR:
When are they going to arrest Tinubu
The bullion van master


Efcc under Buhari is a joke

Something a whole country is asking after.

They can't even do it just to please the masses.

Shey, nah government of the people we dey operate ?

nototribalist:
If you go to his Instagram page and see how he displays his fraud money, you will be depressed that you're not doing well in life


.

.

He doesnt display fraud money, stop saying what you dont know out of hate

He might not be innocent, but he sell cars, so how is that displaying fraud money?

Na wa for you oo

nototribalist:
If you go to his Instagram page and see how he displays his fraud money, you will be depressed that you're not doing well in life


.

.

You know money laundering does not mean the money was gotten fraudulently?

Just that, he was re-channeling them to evade taxes & accountability.

afonja and crime

The day I met this fellow I always knew there was something shady about him. I had my suspicion he was a "Yahoo boy". Appears there is this spirit the "Yahoo Yahoo" act leaves in them causing them to always appear disturbed and erratic even when they are calm. However, like I always say, he's Innocent until proven guilty in a court of law. #StopMediaTrials.

linearity:


You know money laundering does not mean the money was gotten fraudulently?

Just that, he was re-channeling them to evade taxes & accountability.

Evasion of taxes and accountability in itself is FRAUD.

Efcc is worth

... I sell cheap and affordable data

linearity:


You know money laundering does not mean the money was gotten fraudulently?

Just that, he was re-channeling them to evade taxes & accountability.

then let's call it tax fraud

jaxxy:
200m? Money laundering? Ok

The truth is EFCC charges are always like a joke. Never clear or transparent and always feels like
Bullying than rule of law.

This guy has 3 companies and doing business which may normally run into millions of naira.

I have been trying to see a better comment. Nigerians on nairaland doesn't know the meaning of his allerged crime

SachaBastien:
The day I met this fellow I always knew there was something shady about him. I had my suspicion he was a "Yahoo boy". Appears there is this spirit the "Yahoo Yahoo" act leaves in them causing them to always appear disturbed and erratic even when they are calm. However, like I always say, he's Innocent until proven guilty in a court of law. #StopMediaTrials.

Stop, this news didn't mean he is doing yahoo

shogsman:
At least this one has a night club and he sells cars,he started his business with yahoo money ,but it'll be foolish if he still do runs with all the investment he has made over the years.

You don't know nothing

EFCC with half baked news. Tell us how he got the money, illegal? Or was he concealing to run away from tax?

daddytime:
Low budget Mompha...

How do you expect to reap from a farm you never planted and enjoy the fruits therefrom without any repercussions?

It is always just a matter of time.

Low budget Toke...Low budget Mompha....low budget things trending

jaxxy:
200m? Money laundering? Ok

The truth is EFCC charges are always like a joke. Never clear or transparent and always feels like
Bullying than rule of law.

This guy has 3 companies and doing business which may normally run into millions of naira.

That's how money laundering works: put up a legit front, while doing abracadabra behind the scenes. Why do you think there are so many stores on the island that hardly ever change their inventory, and you hardly see customers going in but their owners keep balling hard.

SachaBastien:

Evasion of taxes and accountability in itself is FRAUD.

That distinction was obvious in my post. My post addresses the fact that money may not have been gotten fraudulently, despite the fact that what he is accused of, which is money laundering is fraud.

In fact most businesses that collect some form of cash are guilt, even in the USA; so am not surprise that a car salesman is doing.

Very often, when you visit your mechanic; he tells you that if you pay cash; you don’t have to pay taxes and VAT, if you do; both of you have engaged in fraudulent money laundering.

Everyone who has visited the local ‘mama put’ Resturate, eaten and did not pay VAT is also guilty of fraudulent money laundering and if FIRS chooses, they can come after both because though basic & unprocessed food are excepted VAT; mama put’s food though is basic, but are processed, same with slice bread.

Bagehot:


That's how money laundering works: put up a legit front, while doing abracadabra behind the scenes. Why do you think there are so many stores on the island that hardly ever change their inventory, and you hardly see customers going in but their owners keep balling hard.

Thank you for this and yes u are right there are front companies bt this guy runs a car dealership and sells on a regular.

Cud be a front company for illicit funds and it may not and this u wud have to prove with an established case bt saying moving funds of 200m by 3 well runned companies is funny.

fergieboy:
Nobody pure

Oga, na you nor pure.

DameB:
That's like 500k dolls...

EFCC what of politicians na

Politicians are actually the worst hit.

https://www.nairaland.com/5505507/efcc-detains-16-kwara-lg

CoolAmbience:



Politicians are actually the worst hit.

https://www.nairaland.com/5505507/efcc-detains-16-kwara-lg

Better. Hopefully our country gets to the level of South Korea in terms of accountability someday

linearity:


That distinction was obvious in my post. My post addresses the fact that money may not have been gotten fraudulently, despite the fact that what he is accused of, which is money laundering is fraud.

In fact most businesses that collect some form of cash are guilt, even in the USA; so am not surprise that a car salesman is doing.

Very often, when you visit your mechanic; he tells you that if you pay cash; you don’t have to pay taxes and VAT, if you do; both of you have engaged in fraudulent money laundering.

Everyone who has visited the local ‘mama put’ Resturate, eaten and did not pay VAT is also guilty of fraudulent money laundering and if FIRS chooses, they can come after both because though basic & unprocessed food are excepted VAT; mama put’s food though is basic, but are processed, same with slice bread.

This lengthy and trashy stuff you wrote here clearly depicts you have no inkling of what money laundering is all about.

SachaBastien:

This lengthy and trashy stuff you wrote here clearly depicts you have no inkling of what money laundering is all about.

You must be out of your depths here, try looking the rule books.

Tax evasion is money laundering in progressive. If seasoned prosecutors add money laundering to all tax evasion cases, they will win the addition charge.

If you failed to pay tax in the amount of x dollars, and can be proven that you used x dollars or part of it to buy an asset; then you have laundered the ill gotten x dollars and hid it behind the asset....you are now guilty of two felony crimes
viz tax evasion & money laundering.

IRS have recognize this for a long time, and therefore add the money laundering charges to many tax evasion prosecution.

So, Yes if you visit mama put, and skip paying VAT on my meal, let’s say that amount to N20/each meal and use that money to buy gum....in its basic sense, you have evaded tax & laundered the money, but no one will come after you; because it’s so minute and we all do it; moreso it is wiser to use the scare investigative & prosecutorial resources to go after the big fishes.

This guy have been released as he just posted on Instagram

[quote author=andrewbaba44 post=83740134]This guy have been released as he just posted on Instagram [/quo
he has a media analyst doing that for him. Most of these pple running outlets have personnels that do it for them

andrewbaba44:
This guy have been released as he just posted on Instagram

Who deleted Mopha's Instagram account?

Stanchem029:


Who deleted Mopha's Instagram account?

You have a point

[quote author=Chummynoni post=83748011][/quote]

You have a point