Nigeria In One Minute
Money laundering: Banker gets 12-year jail term, forfeits N43m
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.
Punch, October 7
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