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Doyin Okupe pays N13 million settlement for Money Laundering

Labour Party’s Presidential Campaign Council, Doyin Okupe, has paid the sum of N13 million for violating the Money Laundering Act.

Okupe was found guilty of receiving the sum of N240 million from the former National Security Adviser (NSA), Col. Sambo Dasuki.

Okupe was given an option of N500, 000 in each of the counts, amounting to N13 million, which must be paid before 4:30 pm Monday after he was found guilty in 26 out of the 59 counts preferred against him by the Economic and Financial Crimes Commission (EFCC).

Justice Ojukwu also ordered that if Okupe did not meet the option of a fine within the time frame, he should be taken to Kuje Correctional Centre to serve his prison term.

A report by NAN revealed that the sum had been paid and he had avoided jail, they said:

 

His family also pleaded for leniency, as the report stated that his wife and son Mrs. Omolola and Mr. Adesunkanmi Okupe, told the court of Mr. Okupe’s good character, and begged for justice with mercy.

Adesunkanmi said he has known him for 31 years and that he is a man of honesty and integrity with great character.

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Nairametrics reported that Justice Ijeoma Ojukwu, stated Okupe was guilty in 26 out of the 59 counts against him by the Economic and Financial Crimes Commission (EFCC) in the money laundering offense, citing that the 26 counts, attracted a two-year jail term each and would run concurrently.

Okupe was given an option of N500, 000 in each of the counts, amounting to N13 million, which must be paid before 4:30 pm Monday.

Okupe was found guilty of contravening Sections 16(1)&(2) of the Money Laundering Act, for accepting cash payments without going through a financial institution, in excess of the threshold allowed under the Act.

EFCC accused Okupe of receiving N240 million in cash from the office of the former National Security Adviser (NSA), Col. Sambo Dasuki.

 

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