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N25bn scam: Igbinedion gets N3m fine



Having being convicted of laundering N25 billion belonging to Edo state government on Wednesday, Justice Muhammed Lima of the Federal High Court in Benin, on Thursday sentenced Michael Igbinedion, son of Gabriel Igbinedion, a Benin based billionaire to six years imprisonment.

Michael, a younger brother to former governor of Edo State, Lucky Igbinedion, was sentenced to two years imprisonment on each of the three count charges, with an option of N3 million fine.

Justice Lima also sentenced Patrick Eboigbodin, an aide to Lucky Igbinedion to 20 years imprisonment, in addition to a fine of N250,000 on a 10-count charge.

All the jail terms of the convicts are to run concurrently.

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  1. Don Lucassi

    May 1, 2015 at 8:02 am

    I dont understand Michael gets an option to pay 3 million naira instead of going to jail for 6 years or paying back 25 billion naira. I would steal money too if I will get the same deal. Patrick, that is not the son of Igbinedion gets 20 years without the option of a fine, but instead has to pay 250,000 again. How will corruption stop when this is the deal people get. What a scam!

  2. Apachee zooma

    May 1, 2015 at 10:25 am

    Is the Igbinedion clan down with a ‘thieving’ syndrome? And, what would one make of the Nigerian judiciary, dotted by a class of shameless upstarts ready to sell their soul for a penny?

  3. naughtynot

    May 2, 2015 at 7:41 pm

    Jokers…sad story.

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