Welcome, Guest: Join Nairaland / LOGIN! / Trending / Recent / New
Stats: 2,863,255 members, 6,869,762 topics. Date: Thursday, 19 May 2022 at 03:21 AM

Igbinedion Gets 6-year Jail Term Over Money Laundering - Crime - Nairaland

Nairaland Forum / Nairaland / General / Crime / Igbinedion Gets 6-year Jail Term Over Money Laundering (42492 Views)

Two Prostitutes Kill Customer In Ogun Over Money (Photo) / Nigerian Pastor In Houston, US, Stabs His Wife Over Money. Graphic Photos / Man Steals N214,000 Church Tithe In Lagos And He Gets 6 Month Jail Term (2) (3) (4)

(1) (2) (3) (4) (5) (Reply) (Go Down)

Igbinedion Gets 6-year Jail Term Over Money Laundering by lalasticlala(m): 5:11pm On Apr 30, 2015
Justice Muhammed Lima of Benin division of Federal High Court on Thursday sentenced Michael Igbinedion, son of Gabriel Igbinedion, a Benin based billionaire to six years imprisonment over alleged laundering of N25 billion fund belonging to Edo state government.

Justice Lima also sentenced Patrick Eboigbodin, an aide to the former governor Lucky Igbinedion to 20 years imprisonment, in addition to a fine of N250,000 on a 10-count charge.

Michael Igbinedion, a younger brother to former governor Lucky Igbinedion, was sentenced to two years imprisonment on each of the three count charges. He was however given an option N3 million fine.

All the jail terms of the convicts are to run concurrently.

PML Securities Limited, one of the companies allegedly used by the convicts to launder the funds, was ordered to fold up and forfeit all its assets to the federal government.

The 81-count charges case was instituted against the convicts, Michael Igbinedion, Patrick Eboigbodin, Gava Corporation, Romring Nigeria Limited, PML Securities and PML Nigeria Limited by the Economic and Financial Crime Commission (EFCC), an offence said to have been committed between 1999 and 2007 when Lucky Igbinedion was governor of the state.

Michael Igbinedion was convicted on counts 79, 80 and 81 which bothered on collecting cash payment above N500,000, while Patrick Eboigbodin and PML (Nigeria) Limited were found guilty on counts 50, 51, 52, 53, 54, 55, 56, 57, 58 and 58 which bothered on collaboration to conceal origin of funds amounting to millions of naira paid into their private accounts.

Justice Lima however discharged all the accused on other count charges on ground of failure to prove allegations beyond reasonable doubt by the prosecution.‎ He said the prosecution only proved suspicion and failed to prove illicit origin of funds deposited in some banks.


http://www.pmnewsnigeria.com/2015/04/30/money-laundering-igbinedion-gets-6-year-jail-term/

3 Likes 1 Share

Re: Igbinedion Gets 6-year Jail Term Over Money Laundering by wachakuta(m): 5:12pm On Apr 30, 2015
CHANGE CHANGE CHANGE

13 Likes

Re: Igbinedion Gets 6-year Jail Term Over Money Laundering by buygala(m): 5:12pm On Apr 30, 2015
Really?

If they actually go to jail, I will trek from Maiduguri to Berlin undecided


They have a right of appeal to the higher courts, so their lawyers will immediately appeal against the decision and then apply for their bail pending appeal, and then proceed to frustrate the Prosecution's case until the right bribe gets into the right hands and the case is either abandoned or the conviction is quashed embarassed

POINT IS.... THOSE THIEVES ARE STILL VERY FAR FROM JAIL cry cry

94 Likes 8 Shares

Re: Igbinedion Gets 6-year Jail Term Over Money Laundering by AndreRose(f): 5:14pm On Apr 30, 2015
Our judicial system is stil functioning afterall.
Hope its not just talk that he will serve his punishment
.
.
An option of 3million I thought wrong!

10 Likes

Re: Igbinedion Gets 6-year Jail Term Over Money Laundering by Dahjhi: 5:15pm On Apr 30, 2015
Really? Nah the news we go hear but won't really know when they started serving the jail terms. Hish. Laws nah only for commoners here.

4 Likes 2 Shares

Re: Igbinedion Gets 6-year Jail Term Over Money Laundering by webincomeplus(m): 5:17pm On Apr 30, 2015
Good riddance to bad nonsense!

1 Like

Re: Igbinedion Gets 6-year Jail Term Over Money Laundering by ozoigbondu: 5:17pm On Apr 30, 2015
Very light sentence don't be suprised if he is out after 3 yearsangry

He was even given an option of 3 million

*****spits on judicial system***** angry

67 Likes 4 Shares

Re: Igbinedion Gets 6-year Jail Term Over Money Laundering by ObiOkpor(m): 5:17pm On Apr 30, 2015
Only 6 years? Someone that stole a huge amount of money when used appropriately would have given future to hundreds of youth.
Kai! It is too small for him,dem for give am 50 years to serve as warning to intending and present political criminals.

5 Likes 1 Share

Re: Igbinedion Gets 6-year Jail Term Over Money Laundering by jmichlins(m): 5:17pm On Apr 30, 2015
am counting on the judiciary to help Buhari do the needful in Nigeria

1 Like

Re: Igbinedion Gets 6-year Jail Term Over Money Laundering by januzaj(m): 5:18pm On Apr 30, 2015
only you 25billion......walai o ni she orire.....aye e ma baje gbeyin ni......am 100% sure that was how his father became a billionaire .......NAIJA I BOW OOOO....steal nokia 3310c....life imprisonment.....steal 25billion naira.....two years imprisonment or 3million fine.....

33 Likes 5 Shares

Re: Igbinedion Gets 6-year Jail Term Over Money Laundering by ginawest(f): 5:22pm On Apr 30, 2015
ozoigbondu:
Very light sentence don't be suprised if he is out after 3 yearsangry
dats if dey actually go to jail
Re: Igbinedion Gets 6-year Jail Term Over Money Laundering by AndreRose(f): 5:22pm On Apr 30, 2015
ozoigbondu:
Very light sentence don't be suprised if he is out after 3 yearsangry
That's if he will enter at all.
Re: Igbinedion Gets 6-year Jail Term Over Money Laundering by Nokiae5: 5:22pm On Apr 30, 2015
when i dey benin this man kind sha.but i nor no say e na scam
Re: Igbinedion Gets 6-year Jail Term Over Money Laundering by madridguy(m): 5:23pm On Apr 30, 2015
Ok

1 Like

Re: Igbinedion Gets 6-year Jail Term Over Money Laundering by januzaj(m): 5:25pm On Apr 30, 2015
ozoigbondu:
Very light sentence don't be suprised if he is out after 3 yearsangry
na only 2 years im go spend.... All the jail terms of the convicts are to run
concurrently.

6 Likes

Re: Igbinedion Gets 6-year Jail Term Over Money Laundering by thorpido(m): 5:26pm On Apr 30, 2015
He has been given an option of fine of N3million.Mtcheeew

They should be sent to jail without an option of fine

4 Likes

Re: Igbinedion Gets 6-year Jail Term Over Money Laundering by Realdeals(m): 5:28pm On Apr 30, 2015
That's good
Re: Igbinedion Gets 6-year Jail Term Over Money Laundering by moscobabs(m): 5:28pm On Apr 30, 2015
GEJ is working But its late
Re: Igbinedion Gets 6-year Jail Term Over Money Laundering by Pavore9: 5:29pm On Apr 30, 2015
An option of N3million fine?

1 Like

Re: Igbinedion Gets 6-year Jail Term Over Money Laundering by Nellizzy(m): 5:29pm On Apr 30, 2015
that man is not gonna spend 3 hours in prison

1 Like

Re: Igbinedion Gets 6-year Jail Term Over Money Laundering by WIZGUY69(m): 5:29pm On Apr 30, 2015
LAND FOR SALE!

*BEWARE OF MY SON

-KASHAMU

cool

1 Like

Re: Igbinedion Gets 6-year Jail Term Over Money Laundering by Nobody: 5:29pm On Apr 30, 2015
Halleluyah!!!

Though it could have been longer sha! tongue tongue
Re: Igbinedion Gets 6-year Jail Term Over Money Laundering by Dragonking: 5:29pm On Apr 30, 2015
.
tchidi:
Halleluyah!!!

Though it could have been longer sha! tongue tongue


[size=19pt]Read the write up properly. He is a free man. He was given option of N3m fine payment..The guy will pay once and walk home free.

This country judiciary system is useless!!!!
[/size]

27 Likes 2 Shares

Re: Igbinedion Gets 6-year Jail Term Over Money Laundering by WIZGUY69(m): 5:30pm On Apr 30, 2015
tongue
igbenedion Don enter prison ......
na #Godwin
Re: Igbinedion Gets 6-year Jail Term Over Money Laundering by Sibrah: 5:30pm On Apr 30, 2015
A
Re: Igbinedion Gets 6-year Jail Term Over Money Laundering by Riversides2003(m): 5:30pm On Apr 30, 2015
Please in cases like this there should not be an option of fine, imagine someone stealing large sums of amount getting an option of 3 million .

1 Like 1 Share

Re: Igbinedion Gets 6-year Jail Term Over Money Laundering by oluwatomisin93(m): 5:30pm On Apr 30, 2015
in olamides voice " story for the gods" bet me they won't go to any jail. till when baba interfere. stealing and money laundry is not corruption.
Re: Igbinedion Gets 6-year Jail Term Over Money Laundering by landinfo: 5:30pm On Apr 30, 2015
Still can't believe this newz yet......here's to hoping all the memberz of PDP & APC are tried equally as well...no selective justice abeggg

Edit: I thought it waz the real Igbenedion & not the younger brother mtscheeeew

2 Likes

Re: Igbinedion Gets 6-year Jail Term Over Money Laundering by Drsheddy(m): 5:30pm On Apr 30, 2015
If this true I'm going to trek from Port Harcourt to Kogi shocked shocked shocked shocked shocked
Re: Igbinedion Gets 6-year Jail Term Over Money Laundering by qualityovenbake(m): 5:31pm On Apr 30, 2015
What! 6yrs for laundering N25 billion.
Re: Igbinedion Gets 6-year Jail Term Over Money Laundering by Agimor(m): 5:31pm On Apr 30, 2015
Good riddance for bad garbage.

(1) (2) (3) (4) (5) (Reply)

Ethiopian Lady Blinded By Husband, Her Mouth Permanently Melted Together.Graphic / Olufolajimi Abegunde Jailed For $15m Cyber Fraud In US / Thieves Roasting A Stolen Goat Caught And Disgraced, Made To Carry It On Head

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2022 Oluwaseun Osewa. All rights reserved. See How To Advertise. 71
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.