Banker gets 12 year jail term for money laundering, forfeits N43m

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OYO STATE – The Federal High Court in Ibadan has sentenced a former employee of Wema Bank, Ademola Oni, to 12-year imprisonment for conspiracy and money laundering.

According to Punch the court, which was presided over by Justice Joyce Abudmalik on Thursday, also ordered that the convict forfeit all his properties and cash in various banks as proceeds of crime.

The properties to be forfeited by the convict are an empty plot of land fenced with black gate located along the road beside Secam Church, Providence Estate, Sango Eleyele Expressway, Ibadan.

He is also to forfeit a Honda Accord Car 2014 model and another empty plot of land located at Alao Akala Estate, along Akubu Ojuirin, near Apostolic Church, Ikolaba, Ibadan.

Others are a storey building located at Aminu Olaniran Street, Ikolaba behind the Apostolic church, Ikolaba Assembly, Ikolaba, Ibadan; and three acres of land at Okuna Village, Along Akufo Village, by Fumakson filling station, Ido Local Government Area, Ibadan.

An empty plot of land at No. 16, Awolowo Avenue, Old Bodija, Ibadan; a storey building located at No. 16, Awolowo Avenue, Old Badija, Ibadan; and a borehole machine are to be forfeited also.

He is also to forfeit several sums in bank accounts, including N43,259,441.22 in a fixed deposit account with FCMB; N70,614.60 in the name of ‘De-City-Life Enterprise with account No. 22749019 also domiciled with FCMB; another N7,189.22 in the name of Oni Iyabo Mary in the same bank; and N966,788.81 in the First Bank account of Ezomal Ventures, among others. Full details

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