Lagos Court Jails Man Over ₦132 Million Money Laundering Case

A Federal High Court in Lagos has convicted Onatayo Pelumi on five counts of retaining proceeds of unlawful activity totalling about ₦132 million. The court sentenced him to three years’ imprisonment or a ₦300,000 fine on one count. He received five years’ imprisonment or a ₦300,000 fine on each of the other four counts. The prison terms will run concurrently. The court also ordered the forfeiture of ₦8 million in his bank account and two half-plots of land in Abule-Egba and Meiran, Lagos, to the Federal Government. He was further directed to complete seven days of community service.

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