Court jails man one year for $5000 money laundering in Lagos

Court jails man one year for $5000 money laundering in Lagos

Mbonu Somto has been convicted and sentenced to one year behind bars over money laundering in Lagos by Justice Chukwujekwu Aneke of the Federal High Court sitting in Ikoyi, Lagos.

Somto was arraigned on a one-count charge bordering on money laundering to the tune of $5000 on Tuesday 1 July, 2025 by the Economic and Financial Crimes Commission (EFCC).

Economic and Financial Crimes Commission (EFCC)

According to the EFCC: “Justice Chukwujekwu Aneke of the Federal High Court sitting in Ikoyi, Lagos, has convicted and sentenced one Mbonu Somto to one year imprisonment for money laundering.

“Somto was arraigned on Tuesday, July 1, 2025 on a one-count charge bordering on money laundering to the tune of $5000 (Five Thousand United States Dollars) brought against him by the Lagos Zonal Directorate 1 of the Economic and Financial Crimes Commission, EFCC.”

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