Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,143,332 members, 7,780,868 topics. Date: Friday, 29 March 2024 at 01:16 AM |
Nairaland Forum / Nairaland / General / Politics / N25bn Fraud: Lucky Igbinedion’s Brother To Pay N3m Fine (657 Views)
Photos From Lucky Igbinedion's 60th Birthday Party / Court Orders Arrest Of Danjuma Goje Over N25bn Fraud / Lucky Igbinedion’s Mansion In Abuja (See The Multi-billion Naira House) (2) (3) (4)
N25bn Fraud: Lucky Igbinedion’s Brother To Pay N3m Fine by Artib(m): 8:15am On May 01, 2015 |
A Federal High Court in Benin, Edo State on Thursday sentenced a younger brother of ex-Governor Lucky Igbinedion, Michael, to a six-year jail term for N25bn money laundering offences. An aide of the ex-governor, Patrick Eboigbodin, was also jailed for 20 years for the same of offences. However, the governor’s brother has an option of paying N3m or N1m for each of the three counts on which he was found guilty to avoid going to jail. Eboigbodin sentencing on Thursday is without an option of fine. The two convicts and four companies had been arraigned by the Economic and Financial Crimes Commission on an 81- count charge of money laundering during the tenure of Lucky Igbinedion as governor. The four companies are Gava Corporation Limited, Romrig Nigeria Limited, PML Securities Company Limited and PML Nigeria Limited. Justice A.M. Liman found Michael guilty on counts 79, 80 and 81 of the alleged charges while Eboigbodin was found guilty on counts 50, 51, 52, 53, 54, 55, 56, 57, 58 and 59. The judge also ordered the forfeiture of the assets of PML Limited to the Federal Government. The company will also pay N250,000 fine. Liman noted that the prosecution had proved the alleged collaboration by the accused beyond reasonable doubts but he discharged them all on the other count charges on the grounds that the prosecution failed to prove the allegations. The judge further explained that the prosecution only proved suspicion but failed to prove illicit origin of funds deposited in the named banks. Earlier, the counsel to the first, third, fourth, fifth and sixth accused persons, Richard Ahonanuogho, acknowledged that the 10-count charges brought against his clients centred on money laundering as contained in Section 14 (1) of the Money Laundering Act (2004) and the law provided a sentence of two to three years imprisonment. He, however, urged the court to use its discretion to award a fine or apply a suspended sentence as the first accused, the ex-governor’s brother, was a first offender, in his late 50’s and had not benefited from the said offence. Counsel to the second accused, Abubakar Shamsudeen, had told the court that his client, Eboigbodin , had pleaded leniency based on his age and being a first offender and a victim of the office he occupied when the offence was committed. He, therefore, urged the court to apply an option of fine, not below N250,000 or N500,000, and not more than N1m, in lieu of imprisonment. But the counsel to the EFCC, Tayo Olukotun, urged the court not to be persuaded by the plea for leniency by the accused, arguing that their conviction would be in line with the provision of the law and that the call for suspended sentence was not within the court’s jurisdiction. The prosecution also submitted that the claim of non-criminal benefit by the first accused was not an issue because the crime had already been established. www.punchng.com/news/n25bn-fraud-lucky-igbinedions-brother-to-pay-n3m-fine/
|
Re: N25bn Fraud: Lucky Igbinedion’s Brother To Pay N3m Fine by dulux07(m): 8:23am On May 01, 2015 |
Injustice |
Re: N25bn Fraud: Lucky Igbinedion’s Brother To Pay N3m Fine by Nobody: 8:30am On May 01, 2015 |
Death penalty for corruption. The only way out. |
Re: N25bn Fraud: Lucky Igbinedion’s Brother To Pay N3m Fine by Artib(m): 8:34am On May 01, 2015 |
It`s injustice indeed. |
Re: N25bn Fraud: Lucky Igbinedion’s Brother To Pay N3m Fine by eCollynzo: 8:37am On May 01, 2015 |
The ''ordinary'' aide got a 20 year sentence while the Ex Governor's brother was asked to pay a fine. That is Nigeria for you. 2 Likes |
Re: N25bn Fraud: Lucky Igbinedion’s Brother To Pay N3m Fine by modath(f): 8:46am On May 01, 2015 |
Our system is damn too weak, even the honest finds it difficult to stay in line and not be tempted . The judicial system needs to get a thorough cleansing, otherwise all anti corruption campaign/effort of the new govt will be a mere grandstanding. 1 Like |
Re: N25bn Fraud: Lucky Igbinedion’s Brother To Pay N3m Fine by jbaby4u: 9:06am On May 01, 2015 |
What a fine! 3m for 25b. I will glady,joyfully and willingly pay the 3m without blinking, the judicial system should learn to give a punishment that befits the crime. Will change ever be possible in the judicial system of this country? |
Re: N25bn Fraud: Lucky Igbinedion’s Brother To Pay N3m Fine by Volksfuhrer(m): 9:37am On May 01, 2015 |
Something is seriously wroooong with our justice system!!!!!. |
Re: N25bn Fraud: Lucky Igbinedion’s Brother To Pay N3m Fine by Nobody: 9:44am On May 01, 2015 |
When the executive arm is not functioning, what do you expect of the judiciary? GMB my HERO AMEACHI my ROLE MODEL |
Re: N25bn Fraud: Lucky Igbinedion’s Brother To Pay N3m Fine by omoeso(m): 10:44am On May 01, 2015 |
All Animals are meant to be equal.... But some are just more equal than the others. 1 Like
|
Re: N25bn Fraud: Lucky Igbinedion’s Brother To Pay N3m Fine by lcoral(f): 11:11am On May 01, 2015 |
What a pity and shame to our judiciary. This is y crime and corruption will continue in this country. Maybe if Nigeria was allowed to judge d Indonesia case there won't have been any punishment for d offenders. |
Re: N25bn Fraud: Lucky Igbinedion’s Brother To Pay N3m Fine by sheymoni(m): 4:13pm On May 01, 2015 |
Authority stealing pass armed robbery We are in deep shit with our judicial system in this country |
Re: N25bn Fraud: Lucky Igbinedion’s Brother To Pay N3m Fine by Walelavender(m): 4:25pm On May 01, 2015 |
Weak laws. Majority of the Law makers are corrupt. They know it will boomerang if they make harsh laws.You wouldn't expect miracle when these laws are interpreted by the judiciary. Our institutions are damn too weak. |
(1) (Reply)
Nigerian Immigrant’s Son, Umunna, To Contest UK Labour Leadership / Ten Places Buhari Can Get A Trillion Naira / Another "Genius" Failed Nigeria:okonlo Iweala
(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 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 14 |