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N25bn Fraud: Lucky Igbinedion’s Brother To Pay N3m Fine - Politics - Nairaland

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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.

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