N25Bn scam: Igbinedion may be off to jail

Michael Igbinedion, younger brother to Lucky Igbinedion, former Edo State governor may be facing jail time, as he was found guilty on Wednesday of fraud charges by Justice J. Liman of the Federal High Court, Benin, Edo State.

The younger Igbinedion, along with one Charles Eboigbodin and their companies: Gava Corporation Limited; Romrig Nigeria Limited; PML Securities Company Limited and PML Nigeria Limited, were prosecuted on an 81-count charge of money laundering, misappropriation of funds and abuse of office brought against them by the EFCC.

The convicts pleaded not guilty when they were arraigned, setting the stage for a full trial, at the end of which Justice Liman found the two accused persons guilty on some of the counts. The judge convicted Eboigbodin for money laundering, while Mr. Igbinedion was pronounced guilty as charged on counts 79-81.

The judge however deferred the sentencing of the convicts till today, Thursday, April 30, 2015.

 

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