ICPC arrests businessman for depositing N38m above legal limit

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ICPC has arraigned an Abuja-based businessman Mr. Ijoma Oji Uduma for allegedly making cash payments worth N38 million in contravention of relevant laws.

The Independent Corrupt Practices and Other Related Offences Commission has arraigned an Abuja-based businessman, Mr Ijoma Oji Uduma, for allegedly making cash payments worth N38 million in contravention of relevant laws.

The ICPC legal team maintained that the businessman broke the law and should be sentenced or fined in line with the Money Laundering Act. “The alleged offence attracts a penalty of a fine of N10 million or imprisonment for a term of at least three years or both,” the ICPC stated.Afterwards, his legal team asked the court to grant its client bail term on liberal terms.

 

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