Lagos - The Democratic Republic of Congo (DRC) national convicted of money laundering must forfeit the $511 225 to the Federal Government of Nigeria.
This in line with provisions of the Money Laundering Act.
On Wednesday, Justice Ibrahim Buba of the Federal High Court, Lagos convicted one Kutumisana Mbuta Blaise, for the offence.
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The Economic and Financial Crimes Commission (EFCC) arraigned him on one court charge of money laundering sequel to his arrest at the Murtala Muhammed International Airport, Lagos for being in possession of the cash.
The court heard the convict had failed to declare the money to the officers of the Nigerian Customs Service as required by the provisions of Section 2(3) of the Money Laundering (Prohibition) Act, 2011 (as amended by Act No. 1 of 2012).
He had pleaded not guilty upon arraignment but after diligent prosecution by the EFCC, Justice Buba found him guilty as charged.
- CAJ News