Yisa, the accused EFCC official. |
Yisa Olarenwaju, an official
of the Independent National Electoral Commission (INEC) was on Wednesday
sentenced by a Federal High Court sitting in Lagos. He was charged with
obtaining proceeds in unlawful manner.
He, alongside another accused person, were brought to court
on a six-count charge of money laundering to the tune of N500 million, which
they pleaded not guilty but the second defendant later changed his plea to
guilty.
Olarenwaju, thereafter, entered into a plea bargain agreement with the
EFCC on May 2. At the resumed hearing, Justice Mohammed Idris convicted
and sentenced the INEC official.
He was sentenced based
on the plea bargain agreement he reached with the Economic and Financial Crimes
Commission (EFCC). The court adopted the plea bargain agreement as the judgment
of the court. The plea bargain agreement stated that;
”Upon the conviction of
the second defendant, he should forfeit to the Federal Government of Nigeria
all the parcel of land and its appurtenances which was acquired with the sum of
N23 million, the proceed of the second defendant’s unlawful acts.
“That a fine of N10 million be imposed on the
second defendant, upon his conviction based on count four of the amended
charge. ” That in paying the fine of the sum of N10 million, the second
defendant shall raise a draft of N5 million in addition to the sum of N5
million already recovered from him.
“He shall within seven days after the payment of the fine imposed by the
court, enter into a bond with the EFCC, never to be involved in economic and
financial crimes within and outside the shores of Nigeria”.
INEC official sentenced for money laundering
Reviewed by Unknown
on
May 04, 2017
Rating:
No comments: