The Federal High Court in Ibadan has sentenced a former employee of Wema Bank, Ademola Oni, to 12-year imprisonment for conspiracy and money laundering.
The court, which was presided over by Justice Joyce Abudmalik on Thursday, also ordered that the convict forfeit all his properties and cash in various banks as proceeds of crime.
The properties to be forfeited by the convict are an empty plot of land fenced with black gate located along the road beside Secam Church, Providence Estate, Sango Eleyele Expressway, Ibadan.
He is also to forfeit a Honda Accord Car 2014 model and another empty plot of land located at Alao Akala Estate, along Akubu Ojuirin, near Apostolic Church, Ikolaba, Ibadan.
Others are a storey building located at Aminu Olaniran Street, Ikolaba behind the Apostolic church, Ikolaba Assembly, Ikolaba, Ibadan; and three acres of land at Okuna Village, Along Akufo Village, by Fumakson filling station, Ido Local Government Area, Ibadan.
An empty plot of land at No. 16, Awolowo Avenue, Old Bodija, Ibadan; a storey building located at No. 16, Awolowo Avenue, Old Badija, Ibadan; and a borehole machine are to be forfeited also.
He is also to forfeit several sums in bank accounts, including N43,259,441.22 in a fixed deposit account with FCMB; N70,614.60 in the name of ‘De-City-Life Enterprise with account No. 22749019 also domiciled with FCMB; another N7,189.22 in the name of Oni Iyabo Mary in the same bank; and N966,788.81 in the First Bank account of Ezomal Ventures, among others.
Ademola was arraigned alongside six former officials of the CBN and 15 others from different commercial banks in an alleged case of conspiracy and money laundering.
The bankers allegedly conspired to steal and conceal mutilated and defaced local currency amounting to N8bn from the Central Bank of Nigeria.
Ademola, who was the fourth defendant in the case, entered into a plea bargain with the prosecution, and pleaded guilty to an amended charge.
At the resumed hearing on Thursday, October 6th, the prosecuting counsel, Mr. Adeniyi Adebisi, presented the perfected agreement and an amended charge to the court against him.
Ademola pleaded guilty to five of the 24-count amended charge.
Justice Abudmalik convicted him and sentenced him to two-and-a-half years on each of the five counts. The sentences are to run concurrently
The trial of the other defendants continues.SHARE YOUR STORY WITH US VIA EMAIL: INFO@247NIGERIANEWSUPDATE.CO RECEIVE NEWS VIA OUR WHATSAPP, KINDLY TEXT +234 701 056 0394 TO ADD YOU CLICK HERE TO JOIN US ON OUR YOUTUBE CHANNEL FOR NEWS UPDATE CLICK HERE TO JOIN US ON TWITTER FOR INSTANT NEWS UPDATE: @247NGNEWSUPDATE CLICK HERE TO JOIN MILLIONS AROUND THE GLOBE TO READ NEWS ON OUR FACEBOOK FAN PAGE FOR INSTANT UPDATES ON INSTAGRAM CLICK HERE RECEIVE INSTANT NEWS UPDATE VIA OUR BBM BROADCAST: D3EDEFDF PLACE YOUR TEXT ADVERT BELOW:>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>