- Advertisement -spot_img
28.2 C
Lagos
HomeMetro NewsAbuja Court sentences Doyin Okupe to 2-year over N702 mln money laundering...

Abuja Court sentences Doyin Okupe to 2-year over N702 mln money laundering case

- Advertisement -spot_img

The Director-General of the Labour Party Presidential Campaign Council, Doyin Okupe, has been sentenced to two and half years for breaching the Money Laundering Act.

Okupe was convicted of the offence on Monday by a Federal High Court in Abuja was found guilty of 26 out of a 59-count charge preferred against him by the Economic and Financial Crimes Commission (EFCC).

Ijeoma Ojukwu, the presiding judge, sentenced Okupe to two years in prison on each of the counts.

However, the sentence is to run concurrently.

Ojukwu found Okupe guilty of contravening sections 16(1)&(2) of the Money Laundering Act and accepting cash in excess of the threshold allowed under the Act without going through a financial institution.

The EFCC had arraigned Okupe in 2019 on a 59-count charge bordering on alleged money laundering and diversion of funds to the tune of N702 million.

READ ALSO: Court okays plans by UK govt to deport asylum seekers to Rwanda

He was arraigned before Ijeoma Ojukwu, the presiding judge, alongside two companies – Value Trust Investment Ltd and Abrahams Telecoms Ltd.

Okupe was said to have received cash from the office of the National Security Adviser (NSA) while Sambo Dasuki was in office.

Delivering judgment on Monday, Ojukwu found Okupe guilty of contravening sections 16(1)&(2) of the Money Laundering Act by accepting cash payments in excess of the threshold allowed under the act without going through a financial institution.

The judge said the NSA is not a financial institution and although the former president allegedly authorised the funds, he did not specify a cash payment in violation of the Money Laundering Act.

“I find the first defendant, Dr. Doyin Okupe, guilty on counts 34, 35, 36 to 59,” the court ruled.

The judge however found the defendants not guilty in counts 1 to 33 on the grounds that the prosecution failed to establish the charge of money laundering, criminal breach of trust and corruption against the NSA.

Join Our Mailing List!

* indicates required
- Advertisement -spot_img
- Advertisement -spot_img
Must Read
Related News
- Advertisement -spot_img