A Federal High Court sitting in Lagos headed by Justice Okechukwu Okeke yesterday convicted a bulk cash courier arraigned by the Economic and Financial Crimes Commission (EFCC).
Justice Okeke also ordered him to forfeit 25 per cent of the $286,400 not declared to the security agencies before he was arrested at the Murtala Mohammed International Airport, Lagos.
The courier, Ikem Sabastine Ikechukwu, was said to have been arrested by operatives of the EFCC on Saturday, September 29, 2012? carrying the money at the Murtala Mohammed International Airport , Lagos? on his way to Dubai , United Arab Emirates.
He only declared $225,900.00 to the Nigerian Customs Service.
Justice Okeke convicted the accused person as charged.? He ruled that based on the provisions of Section 2(5) of the Money Laundering Prohibition Act 2011, the accused person should forfeit 25 percent of the undeclared sum which is $60,500 to the Federal Government.