₦airaland Forum

techmo:





Mumu omokirikiri


How exactly did he know the contents of the Bullion van

iyatrustee:
EFCC act does not make accepting or making cash deposit of N5million for individuals or N10million for a corporate body a crime. It only mandates the bank to report any such transaction to Nigeria Financial Intelligence Unit as a suspiscious transaction.

Banks and other non bank financial institution render this returns weekly so chances are these bullion transaction has been reported and investigated already.

Signing a petition is as important as having the right basis for the petition.

A N100k transaction can be reported if in the eyes of the bank, it is an unusual transaction just like an N100mil wont raise any red flags if the account is used to such huge amounts.

rescuenaija:
The Money Laundering (Prohibition) Act 2011 makes it a crime to transact cash transactions above 5 million Naira. It is on this basis that Atiku’s son in law is being tried. It does not matter how you get the money. Once the cash is above 5 million, it can only be transacted through a bank. If it is transacted in cash, it becomes a crime

techmo:
Before disgracing your self here is a link to Money laundering act in Nigeria

https://lawpadi.com/8-things-the-average-nigerian-should-know-about-the-money-laundering-act-2011/


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techmo:
Before disgracing your self here is a link to Money laundering act in Nigeria

https://lawpadi.com/8-things-the-average-nigerian-should-know-about-the-money-laundering-act-2011/


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rescuenaija:
Let me quote from the link you provided:

The Money Laundering (Prohibition) Act 2011 makes it ILLEGAL for any individual to accept or make any cash payment that exceeds N5m (Five Million Naira). This means that every cash transaction over N5m must be done via a financial institution.

Perhaps you did not read your own link. I know Bola Tinubu is paying you. But love Nigeria enough not to allow alleged criminals determine your future.

rescuenaija:
Let me quote from the link you provided:

The Money Laundering (Prohibition) Act 2011 makes it ILLEGAL for any individual to accept or make any cash payment that exceeds N5m (Five Million Naira). This means that every cash transaction over N5m must be done via a financial institution.

Perhaps you did not read your own link. I know Bola Tinubu is paying you. But love Nigeria enough not to allow alleged criminals determine your future.

iyatrustee:
The Onus to prove that the contents of that Bullion van exceeded N5million will be on the petitioners, going by your logic. Until they can prove that a crime had been commited, there petition won't hold water.

iyatrustee:
The Onus to prove that the contents of that Bullion van exceeded N5million will be on the petitioners, going by your logic. Until they can prove that a crime had been commited, there petition won't hold water.

rescuenaija:
I think you should better leave more competent people to respond for Tinubu. You are embarrassing him. His official spokesman has already reacted.

iyatrustee:
Nobody is responding on his behalf sir. You can also go easy on your choice of words. I have my opinion just like you have yours, i didnt choose to call you incompetent!

Make your side of the arguement known and allow mine.

celinajumbo11:
The petition urging the Economic and Financial Crimes Commission to investigate a former Governor of Lagos, Asiwaju Bola Tinubu, has reached 10,000 signatures in just one day. This is a record, as no political petition on Nigeria has reached such numbers in so short a period of time.

The petition is specifically calling on the EFCC to investigate Bola Tinubu for contravening the Money Laundering (Prohibition) Act of 2011, by having bullion vans ferry alleged large sums of money into his house on the eve of the 2019 Presidential election.

It will be recalled that on the eve of the 2019 Presidential elections, drone imagery showed bullion vans ferrying suspected monies into Mr. Tinubu’s Bourdilon residence. The next day, in an interview with Channel Television’s Seun Okinbaloye, Mr. Tinubu was asked “the allegations are that those bullion vans carry money or ballots”, before he could finish asking his question, Mr. Tinubu interjected and said “Is it my money or government money? I don’t work for government...even if I have money to spend in my premises, what’s your headache?”

However, the Money Laundering (Prohibition) Act 2011 (and the amendment to the Act in 2012) makes it a crime for any individual to accept or make any cash payment that exceeds ₦5 million.

Yet, 18 months after this incident, Mr. Tinubu has not been investigated by the EFCC, which has tried others for lesser malfeasances.

The petition started by Reno Omokri, a bestselling author and activist, seeks to compel the EFCC to fulfil its constitutional responsibilities.

By virtue of the Economic and Financial Crimes commision Establishment act (2004), the law mandates the EFCC to combat financial and economic crimes. The Commission is empowered to prevent, investigate, prosecute and penalise economic and financial crimes and is charged with the responsibility of enforcing the provisions of other laws and regulations relating to economic and financial crimes.

Reno Omokri
Gospeller. Deep Thinker. #1 Bestselling author of Facts Versus Fiction: The True Story of the Jonathan Years. Avid traveller. Hollywood Magazine Film Festival Humanitarian of the Year, 2019.

Source link: https://web.facebook.com/1152008079/posts/10222537868012741/?d=n&_rdc=1&_rdr