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Home Opinions Crime Court Sentences Doyin Okupe to Two and a Half Years in Jail over Money Laundering 
Crime - December 19, 2022

Court Sentences Doyin Okupe to Two and a Half Years in Jail over Money Laundering 

Doyin Okupe, director-general of the Peter Obi presidential campaign committee, was given a two-year prison term by an Abuja federal high court for violating the money laundering act.

Okupe was found guilty of 26 of the 59 counts laid against him by the Economic and Financial Crimes Commission (EFCC) in a decision rendered on Monday.

The presiding judge, Ijeoma Ojukwu, gave Okupe a two-year prison term on each of the counts.

The sentence must, however, run concurrently.

The defendant may also choose to pay a total fine of N13 million, or N500,000, on each count, according to the judge.

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Doyin Okupe arraigned in 2019 

Okupe was charged by the EFCC in 2019 with 59 counts related to suspected money laundering and fund diversion totaling N702 million.

He was charged along with Value Trust Investment Ltd. and Abrahams Telecoms Ltd.

While Sambo Dasuki served as national security adviser at the time, Okupe was alleged to have received money from the NSA’s office.

Ojukwu determined that Okupe had violated sections 16(1) and (2) of the Money Laundering Act by taking cash payments beyond the maximum amount permitted by the Act without first going via a financial institution.

The judge ruled that even though the former president is believed to have authorised the payments, he failed to specify a cash payment in violation of the Money Laundering Act because the NSA is not a banking institution.

“I find the first defendant, Dr. Doyin Okupe, guilty on counts 34, 35, 36, to 59,” the court ruled.

The prosecution’s failure to prove that the NSA was guilty of money laundering, criminal breach of trust, and corruption prompted the judge to find the defendants not guilty on counts one through 33.

Okupe’s wife Omolola and his son Adesunkanmi pleaded with the court to balance justice with mercy during their testimony immediately after the conviction in accordance with section 310 of the Administration of Criminal Justice Act (ACJA).

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