Money Laundering: Court Jails Igbinedion 26 Years

A Federal High Court sitting in Benin, the Edo state Capital, on Thursday sentenced former aide to ex-Governor Lucky Igbinedion, Patrick Ebogboidin, to 20 years imprisonment over his involvement in a N25billion money laundering case.

Also jailed along with Eboigbodin is the younger brother to the ex-governor, Michael Igbinedion, who bagged six years jail term in the money laundering case, instituted against them and four companies by the Economic and Financial Crimes Commission (EFCC).

The presiding judge, Justice Mohammed Abubakar Lima, however, gave Michael Igbinedion an option of N1million fine in each of the three charges he was found guilty.

Eboigbodin who was given two years in each of the 10 charges without an option of fine will, however, spend two years in jail as the sentence will run concurrently.

justice

Justice Liman also fined PML (Nigeria) Limited, one of the companies said to have been used to siphon the money, the sum of N1m in each of the 10-count charge, totalling N10million and to be liquidated with all assets forfeited to the Federal Government, while Gava Corporation Limited, Romrig Nigeria Limited, PMI Securities Company Limited were discharged and acquitted

Author: News Editor

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