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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OTUNBA BESTMAN NZE JUMBO ADVISES PARENTS BASED ON CURRENT NIGERIA ECONOMY. (PHOTO). #PRESS RELEASE..

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 OTUNBA BESTMAN NZE JUMBO ADVISES PARENTS BASED ON CURRENT NIGERIA ECONOMY


The situation of the country isn't so appalling at the moment but however parents need to improvise to make ends meet with families and friends.


The pressure of school fees is killing many parents in Nigeria and more often than not is affordable. When I brought back my kids from South Africa, I enrolled them in an expensive private school in Abuja but the stress of school fees was very tough on me as I couldn't meet up with payments. The pride of "my kids attend BRITISH ROYAL OAK SCHOOL" made me keep running kirakita but the effect wasn't nice on me health wise. 


I eventually pulled them out after conducting thorough research on public schools in Lagos and Abuja. 


I enrolled them in a public school in Abuja and got private teachers coming to take them at home and this reduced my stress very drastically because i understand brilliancy isn't taught in school but in-built.


I even opened bank accounts for the kids and part of the money I was paying to the private school went in there. 


They made GCE and Scored good grades in JAMB while in SS classes and today they are doing great intellectual wise.


Correct this and the rest is good to go. “Today they’re doing great academically”


My encouragement is, let's be alive for these kids by reducing the burden and pressure private school fees have placed on us as parents.


Public schools in some parts of the country have produced some of the best brains in Nigeria such as his excellency GCFR, President Bola Hammed Tinubu and his excellency Governor Babajide Sanwoolu to mention but few.


I know too many people almost falling into depression because of school fees in private schools for their kids. Forget pride and stay alive for these kids, pull them out of those schools inducing high blood pressure (HBP) in you and enroll them in public schools but get a private teacher to also come take them at home, there's no shame in it.


This is my life saving advise. Na me Irumole talk am.


~ says, Otunba Bestman Nze Jumbo


@SurrealisticMediaGroup

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