Court jails one for currency racketeering in Rivers

The Port Harcourt Zonal Command of the Economic and Financial Crimes Commission has secured the conviction and sentencing of Azubuike Mamwu Obasi before Justice P. I. Ajoku of the Federal High Court sitting in Port Harcourt, Rivers State for currency racketeering.

Obasi, in a statement signed by the EFCC Head, Media and Publicity, Dele Oyewale, was jailed after pleading guilty to a four-count charge bordering on illegal acquisition of bank notes and carrying out banking services without an appropriate licence.In view of the plea of the defendant, prosecuting lawyer, E. K. Bakam prayed the court to convict and sentence him accordingly.The defence lawyer, B. E.

Justice Ajoku found the defendant guilty as charged, sentenced him to six months in the Correctional Service on count one to four with N100,000 as an option of fine payable into the Consolidated Revenue Account of the Federal Republic of Nigeria.The court also made an order forfeiting to the Federal Government of Nigeria the sum of N554,600, N20,000 new bank notes and the POS device recovered from the convict.

Additionally, the sum of N30,000 paid into the Access Bank account of the convict by an EFCC covert operative was forfeited and returned to him. Exposed!! Popular Abuja doctor revealed how men can naturally and permanently cure poor erection, quick ejaculation, small and shameful manhood without side effects. Even if you are hypertensive or diabetic . Stop the use of hard drugs for sex!! It kills!/* real people should not fill this in and expect good things - do not remove this or risk form bot signups */

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