Thursday, April 30, 2015

Court jails Igbinedion for six years, others for money laundering

A Federal High Court in Benin on Thursday sentenced Patrick Eboigbodin, an aide to a former Governor of Edo State, Lucky Igbinedion, to 20 years imprisonment without an option of fine for money laundering.
The presiding judge, Justice A. M. Liman, also sentenced a younger brother to the state ex-Governor, Michael Igbinedion, to six years imprisonment, with an option of fine of N1m for each of the three counts 79, 80 and 81, for which he was convicted.
‎Igbinedion, Eboigbodin and four companies were arraigned by the Economic and Financial Crimes Commission on an 81 counts bothering on money laundering.
The four companies are Gava Corporation Limited, Romrig Nigeria Limited, PML Securities Company Limited and PML Nigeria Limited, addressed as the third to sixth accused persons.
The offences were said to have been committed during the administration of the former governor.
Eboigbodin was sentenced to two years each on 10 counts, while the court orderd the closure and forfeiture of assets of the sixth acc‎used, (PML Limited) to the Federal Government.

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