The Economic and Financial Crimes Commission(EFCC) said it has secured the final forfeiture of $300,000, belonging to a Chinese national, Li Yan Pin
The forfeiture order was granted by Justice Babatunde Quadri of the Federal High Court, Abuja.A statement by the Head of Media and Publicity of EFCC, Mr. Dele Oyewale, said the Chinese was tried for money laundering.
The statement said: “The judge had earlier ordered the interim forfeiture of the money following an ex-parte application filed by the Economic and Financial Crimes Commission, EFCC. “Yan Pin stood trial for a money laundering charge, leveled against him by the EFCC over the said sum after intelligence led to his arrest at the Nnamdi Azikiwe International Airport, Abuja, for failing to declare the sum in his possession, as he attempted to board a flight to China en-route Dubai.
“The defence counsel in its response pleaded with the court to temper justice with mercy, as the convict, he said had invested his resources on the development of Nigeria, and currently facing difficult health challenges.“While ordering that the said sum be forfeited to the Federal Government, Justice Quadri, saved the convict a jail term on the ground that he had earlier filed for a medical leave over alleged COVID 19 symptoms that included persistent headache, insomnia and fatigue.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
EFCC: Chinese man with COVID-19 symptoms loses hidden $300,000 to Nigerian govtJustice Babatunde Quadri of Federal High Court, Abuja, has ordered the final forfeiture of concealed $300,000 belonging to a Chinese national, Li Yan Pin, to the Federal Government of Nigeria. Economic and Financial Crimes Commission (EFCC) spokesman, Dele Oyewale, announced the conviction in a statement on Monday. Quadri, however, saved the convict a jail term
Read more »
EFCC secures final forfeiture of Army General's N426.7mTHE Economic and Financial Crimes Commission, (EFCC) said it has secured the final forfeiture of the sum of N426.7m belonging to Brig.-Gen. John Onimisi Ozigi(retd.) to the Federal Government.
Read more »
EFCC: Four staff allegedly test positive for coronavirusSome staff members of the Economic and Financial Crimes Commission (EFCC) have tested positive for coronavirus. The four officials - of Grade Level 6, 7, 8 - have been moved to an isolation centre in Abuja. ThisDay reports that the affected staff live in one of EFCC 'safe houses' in Mabushi area. Safe Houses are
Read more »
Covid-19: Four EFCC Staff Test Positive - THISDAYLIVEBy Adedayo Akinwale Four members of staff of the Economic and Financial Crimes Commission (EFCC) have tested positive for the coronavirus pandemic. THISDAY gathered that the four members of staff are of Grade Level 6, 7 and 8 and have been moved to isolation centre. A reliable source told THISDAY that the affected staff are …
Read more »
![EFCC officials in trouble for arresting Star Shawarma MD, staff over N100 [Video]](https://i.headtopics.com/images/2020/5/11/dailypostngr/efcc-officials-in-trouble-for-arresting-star-shawarma-md-staff-over-n100-video-1259863974230675457.webp?w=640)
EFCC officials in trouble for arresting Star Shawarma MD, staff over N100 [Video]The Economic and Financial Crimes Commission, EFCC, has reacted to a recent arrest made last week by overzealous officers. Some operatives in Benue had stormed a pastry firm in Makurdi and picked up Ms Mnena Ato, the Managing Director Star Shawarma and her staff over a deficit of N100 in a transaction. EFCC spokesman, Dele
Read more »
BREAKING: EFCC To Investigate Arrest Of Woman Over N1,500 Sharwama In Benue State | Sahara ReportersBREAKING: officialEFCC To Investigate Arrest Of Woman Over N1,500 Sharwama In Benue State | Sahara Reporters The EFCC operative, who patronised the Shawarma spot, ordered the arrest of Ato and two other persons over the transaction, which... READ MORE:
Read more »