MAN BAGS EIGHT YEARS IMPRISONMENT FOR N132M MONEY LAUNDERING IN LAGOS . (PHOTO). #PRESS RELEASE

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 Man Bags  Eight Years Imprisonment for N132m Money Laundering in Lagos  The Lagos Zonal Directorate 1 of the Economic and Financial Crimes Commission (EFCC) has secured the conviction of Onatayo Pelumi for money laundering involving funds totalling about ₦132 million. Pelumi was convicted by Justice Osiagor of the Federal High Court, Lagos, on five counts bordering on the retention of proceeds of unlawful activities in bank accounts domiciled with Guaranty Trust Bank (GTBank) and Zenith Bank. The charges alleged that the convict retained various sums of money in the accounts between January 2023 and June 2026, knowing that the funds formed part of the proceeds of unlawful activities. The court sentenced him to three years’ imprisonment, with an option of a ₦300,000 fine, on count One. On counts two, three, four and five, he was sentenced to five years’ imprisonment on each count, with an option of a ₦300,000 fine on each count. The terms of imprisonment are to run concur...
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NGF HOLDS VALEDICTORY MEETING ON WEDNESDAY AS 17 MEMBERS DEPART.(PHOTO).

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NGF Holds Valedictory Meeting As 17 Members Depart

The Nigeria Governors’ Forum NGF will be holding its 2023 valedictory meeting Wednesday 26th of April 2023.

According to an invitation to all the 36 Governors, issued by the Director-General of the Forum Mr Asishana Okauru, the meeting will be the 5th physical meeting in 2023, as the four earlier meetings during the year had been virtual.

It further states that after the Chairman’s brief and parting remarks, the floor would be open for valedictories from members. 

 Seventeen Governors are leaving the Forum, having completed their terms of office, while adequate arrangements have been put in place for the induction of new Governors and returning ones which is coming up between 14th and 17 of next month. 

The meeting will also end the Leadership of Governors’ Fayemi/Tambuwal in the Forum as another Chairman is expected to emerge among Governors of majority party. 


 

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