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Wednesday, 8 July 2015

MONEY LAUNDERING: CONGOLESE MAN TO FORTFEIT $ 511K TO FEDERAL GOVERNMENT


 The Federal High Court, Lagos today convicted one Kutumisana Mbuta Blaise, from the Democratic Republic of Congo, for money laundering.

Blaise was arraigned by the Economic and Financial Crimes Commission, EFCC, on one court charge of money laundering sequel to his arrest at the Murtala Muhammed International Airport, Lagos for being in possession of Five Hundred and Eleven Thousand, Two Hundred and Twenty Five United States Dollars ($511,225.00),  as required by the provisions of Section 2(3) of the Money Laundering (Prohibition) Act, 2011 (as amended by Act No. 1 of 2012).

 He had pleaded not guilty upon arraignment but after diligent prosecution by the EFCC, Justice Buba found him guilty as charged. "The court is satisfied that the prosecution proved his case beyond reasonable doubt and thereby finds you Kutumisana Mbuta Blaise guilty of the allegation contained in the one count charge before the court and hereby convict you of the offence of failure to declare the sum of Five Hundred and Eleven Thousand, Two Hundred and Twenty Five United States of America Dollars in contravention to section 2(3) Money Laundering Prohibition Act 2011 (as amended by Act No. 1 of 2012) and punishable under section 2(5) of the Money Laundering (Prohibition) Act, 2011 (as amended by Act No. 1 of 2012).”

 Justice Ibrahim Buba in his judgment said the convict is to forfeit the entire sum to the Federal Government of Nigeria in line with provisions of the Money Laundering Act..
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